4 min read
Updated on Jul 13, 2022
About the Company
Exide Life Insurance offers diverse products including Exide life insurance plans, term insurance plans, retirement plans and child plans to customers. The Exide life insurance company limited was established in 2001 and has its headquarters at Bangalore in Karnataka. It is now a fully-owned HDFC Life subsidiary entity. It is also nicely capitalized and governed as per IRDAI regulations. There are 40,000+ advisors throughout 200 cities and products are distributed via channels like corporate agents, agencies, brokers, e-commerce, direct channel and more. The company has 15 lakh customers under its belt.
|Waiting Period (Pre-existing Ailments)||6-48 months.|
|Claims Settlement Ratio||98.54%.|
|Death Benefit Paid (Total)||Rs. 88.95 crore.|
There are several awards and accolades won by Exide Life Insurance company limited. It won the ET Best Brands 2020 in the BFSI segment in that year at the Economic Times Best Brand Awards. Other accolades include Great Place to Work Certified in 2021, Product of the Year in 2019, Masters of Marketing in 2019, and more.
Exide life insurance is safe or not? This question can be answered best by the countless customers who testify to the plethora of benefits offered by the brand. As prevalent Exide life insurance reviews will tell you, here are some of the biggest benefits for the end-consumer:
>> Compare Premium of Term Life Insurance Policy
Here are some of the plans offered by the company:
You can purchase the life insurance policy by calling 1800 419 0808 and also contact customer care at 1800 419 8228. Customer care will guide you through the next steps of the policy.
You have to follow these steps for the renewal:
|Financial Year||Claim Settlement Ratio|
Exide Life Insurance is known for its variety of products along with its competitive premiums and slew of advantages.
The benefits include customized premium payment options, high claim settlement ratio, easy renewals and smooth claim filing procedures.
As per the IRDAI, only health insurance plans may be ported currently.
The claim procedure is quite simple- you can either download the form online or get it from your nearest branch office. Fill this up with all supporting documents and either submit them at your nearest branch or via courier.
Exide Life Insurance offers various types of insurance policies including life insurance, health insurance, group insurance, retirement plans, group insurance plans and more.
You can make payment online via credit/debit cards, e-wallets, UPI or net banking.
The supporting documents include the following:
# Claim intimation form.
# Original document of the policy.
# Copy of death certificate’s medical cause.
# Original death certificate issued by the local body.
# Medical discharge report, summary, results of tests, admission and outpatient notes, and other documents.
# Proof of bank account with self-attested bank passbook and account statement copies.
# Age and Identity Proof of life assured.
# Identity proof with photograph of the claimant.
# Proof of the present address.
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