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Exide Life Insurance
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Exide Life Insurance Company Limited is an established and popular life insurance company in India. The company was incorporated in the year 2001-2002. The company has its headquarter in Bengaluru, India. The company is a 100% subsidiary of Exide Industries Limited. The company is established with a focus to offer insurance protection to the customers and offer savings solutions to help them build corpus as per their financial goals. The company has a strong product portfolio designed to meet all the insurance needs of its customers. The company has a consistent track record of providing quality products and services to its customers.
Top Exide Life Insurance Plans (2020)
Exide Life Insurance Company provides a wide range of insurance portfolios that consists of insurance plans that meet the insurance needs of its customers based on their financial goals and needs. The strong product portfolio consists of traditional as well as unit-linked insurance products to meet every insurance need to help customers avail insurance coverage along with wealth creation opportunities. So, let’s discuss all types of life insurance plans offered by Exide Life Insurance under different insurance categories:
Exide Life Term Insurance Plans
Term insurance plans as the name suggests is an insurance product that covers the risk of premature death. A term plan is a type of pure protection insurance plan designed to offer financial protection to loved ones in the event of an untimely death of the insured. As under a term insurance plan, the benefit is paid to the nominee in the event of the death of the insured. However, nowadays there are few term plans that offer to return the invested premium at the end of policy tenure i.e., in the event of the survival of the insured till the end of the policy term all the premiums paid are returned back. Thus, a term insurance plan offers benefits like insurance coverage to secure against premature death and to provide financial security to your loved ones in your absence. To secure yourself you can avail higher sum assured at an affordable premium. You can add various riders to enhance the insurance coverage of your term insurance plan.
Term Insurance Plans Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life Term with Return of Premium Plan | As the name suggests, this is a pure term insurance plan that offers the benefit of the return of premium in the event of survival of the insured till the end of the policy term. While in the event of the death of the insured the policy pays the death benefit to the nominee. The plan is a pure protection plan that can be purchased without any medical screening. The premium amount is affordable and offers flexible premium payment options as per the financial convenience of the insured. |
| Exide Life Elite Term Insurance Plan | This is a unique term insurance plan that offers high insurance coverage at affordable premium rates and also rewards the customers for maintaining a healthy lifestyle. The plan has an option wherein family income pay-out can be availed of 5 years or 10 years. The plan also offers the facility to extend the tenure of the policy by either 5 years or 10 years. |
| Exide Life Smart Term Edge | The plan offers insurance coverage that helps in securing the financial future of your loved ones in your absence. The plan offers comprehensive coverage with its 3 different plan options namely Classic, Step-up, and Comprehensive. These plan options ensure that you meet your desired insurance coverage. Additionally, in the event of survival of the insured all the paid premiums are returned. Insured can also avail enhanced insurance coverage with the help of riders. Income Tax Benefits are also available under this plan. |
| Exide Life Smart Term Pro | A comprehensive term insurance plan that offers 100% return of paid premiums in the event of survival of the insured till the end of the policy term. Lifetime coverage with limited premium payment option. The insured can opt for any one of the premium payment tenure i.e., 5 years, 8 years, 10 years, or 12 years. Enhanced insurance protection by opting for a rider facility. Income tax benefits are also extended to the insured. |
| Exide Life Saral Jeevan Bima | This is a pure term plan that safeguards the financial future of your loved ones in your absence. Under this plan, the insured can avail of a high sum assured at an affordable premium rate. The insured has the flexibility to choose the premium payment frequency as per their financial convenience. Under this plan, the insured also has the flexibility to choose a premium payment term – Single Premium Option, Limited Pay option, or Regular Premium Pay option. |
Exide Life Endowment/Savings Plan
Endowment plans are designed to plan and take care of life’s financial goals in the long -run. A savings plan as the name suggests helps you to save for future financial needs whether short-term or long-term. Endowment plans as they are commonly called are traditional investment-oriented life insurance. An endowment plan gives the opportunity to create financial corpus by investing regularly by way of premiums. An endowment plan is best to cover your short-term as well as long-term financial goals along with long-term insurance coverage. The plan also offers guaranteed maturity benefits to the insured in event of survival till the policy maturity date or offers the death benefit to the nominee in the event of premature death of the insured. All the benefits received under the endowment plan are risk-free and tax savings.
Endowment/Savings Plans Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life Star Saver | This is a traditional endowment plan focusing on generating savings opportunities. The plan comes with a limited payments option offering comprehensive life cover over the entire policy tenure. The plan offers guaranteed maturity benefit, limited premium payment for 5 years with insurance coverage for the entire policy tenure. Additionally, in the event of the death of the insured the nominee receives an additional death benefit. Tax benefit as per prevailing income tax laws. |
| Exide Life Saral Jeevan | This plan offers regular savings opportunities to plan and receive guaranteed returns. The plan is suitable for planning for long term goals along with insurance cover. The plan offers an option wherein in the event of the maturity claim, the insured can either avail of the benefit either in a lump sum or in regular monthly income. |
| Exide Life Saral Bachat | This is a traditional savings insurance plan that offers insurance coverage throughout the policy tenure. In the event of survival, the policy offers guaranteed maturity benefits which the insured can avail of either in a lump sum or in regular monthly income. In the event of the death of the insured during the policy tenure, the nominee receives the death benefit and the policy contract comes to an end |
| Exide Life My Assured Income Plan | This is a unique savings plan offered by Exide Life Insurance Company. The plan is best suited for those who are looking for shorter premium payment tenure but want to receive assured regular income in the future. In the event of survival of the insured till the end of the policy tenure, the insured has a choice to receive guaranteed income pay-out in 3 variants. Additionally, the guaranteed terminal benefit is offered in the event of completion of the policy tenure. |
| Exide Life Income Advantage Plan | This is a traditional savings cum protection plan that offers regular income. Under this plan, after paying all due premium amount during the initial half tenure of the policy term, the policy provides a regular income in the second half of the policy term on an annual basis. The insured has the flexibility to choose the manner in which he/she wants to receive the guaranteed income. |
| Exide Life Secured Income Insurance Plan | This plan is designed to offer insurance coverage along with regular income to your loved ones in the event of an unfortunate death. Under this plan the insured can choose any one of the following two plans:
This is a limited pay plan that offers the death benefit either in a lump sum or as regular income. While in the event of the maturity the benefit the insured receives the sum assured + 10% guaranteed addition plus accrued bonuses (if any)
This is a regular premium payment plan that offers insurance coverage to the insured. In the event of the death of the insured, the nominee receives the death benefit either in a lump sum or as regular income for 60 months. While in the event of maturity the insured receives sum assured plus accrued bonuses (if any) |
| Exide Life Guaranteed Income Insurance Plan | The plan is designed to offer guaranteed regular income to plan for future financial goals and to boost lifestyle. The plan offers regular income at an attractive rate of 11% to 13% per annum. Lump-sum benefit on the policy maturity date and the death benefit is paid to the nominee in the event of the death of the insured during the policy tenure. |
| Exide Life Assured Gain Plus | This is a traditional savings cum investment plan designed to offer insurance coverage along with savings opportunities. Under this plan, the insured has to pay a premium for the initial 5 years while the insurance coverage is offered throughout the full policy term. Maturity benefit is paid in the event of survival while in the event of the death of the insured, death benefit is paid to the nominee. |
| Exide Life Sampoorna Jeevan | As the name suggests, this insurance plan offers insurance coverage for a longer-term i.e., till the age of 75 years or 100 years. The plan offers flexibility to the insured to customize pay-outs as per the financial needs of the insured. |
| Exide Life New Fulfilling Life | This is a traditional insurance plan that offers insurance protection along with guaranteed money backs. The plan offers life coverage till the age of 85 years along with periodic survival benefits. |
Exide Life Unit Linked Insurance Plan
Unit-linked Insurance plans are insurance products that offer insurance coverage and investment opportunities to the insured. Any investor who is looking for an instrument that offers future financial coverage along with surplus wealth creation opportunities can surely invest funds to ripe benefits. These plans are best suited to cover long-term financial needs like a child’s education, marriage, etc. The best time to invest in a unit-linked plan is to start early as it gives a long horizon for the investments to perform better. The unit-linked plans have various funds wherein insured can invest their funds to receive returns as per their risk appetite.
Unit-linked Insurance Plans Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life Wealth Maxima | This is a unit-linked life insurance plan that offers insurance coverage during the policy tenure along with an efficient wealth creation opportunity. The plan offers flexibility to choose any one of the 3 plan options depending upon life stage needs. 3 investment strategies depending upon the insured risk appetite. At the time of maturity, the insured receives the fund value while in the event of the death of the insured the nominee receives the sum assured depending upon the plan option opted by the insured. |
| Exide Life Wealth Builder | This is a single premium unit-linked plan that offers life long coverage. The plan offers market-linked returns over a period of 5 years or 10 years. Additionally, the insured has an option to choose the fund depending upon the risk appetite of the insured. |
| Exide Life Wealth Elite | This is a unit-linked insurance plan that offers insurance coverage along with wealth creation opportunities. The plan offers a choice of 8 fund options to choose from depending upon the risk appetite of the insured. |
Exide Life Retirement Insurance Plans
A retirement plan is for planning and creating a retirement corpus that will help you to be financially independent during the golden years of life. Retirement years are meant to be joyous years of your life as you have spent most of the life fulfilling the needs and requirements of the family. Therefore, to ensure that you are financially independent to enjoy everything you wish for it is important that you invest in a retirement plan. Retirement plans help you build a sufficient corpus that will help you in living a comfortable life and cherishing the post-retirement phase. By investing in a retirement plan you can systematically plan your finances to overcome your financial needs in the post-retirement phase. A retirement life insurance plan will ensure you receive lump-sum money or a regular flow of money similar to a pension which will suffice your financial needs. Additionally, the retirement plan also offers financial security along with insurance coverage i.e., in the event of your untimely death during the policy tenure, your spouse and loved ones are paid the death benefit thereby securing their financial future and, in this manner, you shall be able to leave behind a legacy.
Retirement Plans Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life New Immediate Annuity Plan | This is an immediate annuity plan with an option of return of purchase price. The plan guarantees lifelong annuity pay-outs. In the event of death, the full return of the purchase price. |
| Exide Life Smart Pension Plan | This is a unit-linked individual pension plan designed to offer financial independence during the golden years of your life. The plan offers the opportunity to create a corpus to build a retirement fund. The plan offers life insurance coverage up to 105% of the total premium paid. |
Exide Life Health Insurance Plan
Nowadays, the cost of medical treatment is on an alarming rise. Therefore, to cope up with the ever-rising cost of health treatments it is important to invest in health insurance plans. Health Insurance plans as the name suggests are designed to offer financial aid that covers the cost of medical treatment. These plans are very helpful as they provide financial relief in times of medical contingencies. A health insurance plan is the best insurance cover as it helps to overcome the cost of treatment and hospitalisation expenses.
Health Insurance Plan Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life Sanjeevani | This is a health insurance plan that offers comprehensive insurance coverage to cover heart and cancer-related ailments. The plan offers fixed benefits to cover heart related conditions. Double claim benefit. |
Exide Life Child Plan
A child insurance plan as the name suggests is designed to ensure that your child’s future is safeguarded. This insurance coverage is designed to build a corpus that will come in handy to tackle the cost of education or help in overcoming the financial needs of a child’s important milestone events. A child insurance plan is the best way to secure your child’s financial future even in your absence. The plan is designed to provide lump-sum benefits at regular intervals that concur with important life events of your child.
Child Insurance Plan Offered by Exide Life Insurance -
| Product Name | Product Description |
|---|---|
| Exide Life New Creating Life Insurance Plan | This is a child insurance plan designed to offer financial security for your child’s future. This plan offers 2 plan options namely:
A limited pay plan that ensures that the financial future of your child is safeguarded. In the event of maturity, your child will receive the sum assured + 10% guaranteed addition along with accrued bonus (if any). While in the event of the death of the insured, all the future due premium amount shall be waived off and the family will receive death benefit both in a lump sum and as regular income for 60 months.
This is a regular pay insurance cover that offers insurance coverage. In the event of maturity, your child will receive the sum assured along with accrued bonuses (if any) while in the event of the death of the insured all future premiums shall be waived off. |
Exide Life Insurance Riders
A life insurance policy offers benefits to the insured. However, an insurance rider is designed to widen the scope of a life insurance policy. A rider facility multiplies the benefits received under an insurance plan depending upon its terms and conditions. By opting for a rider facility in the base plan, you can avail of additional insurance protection and thereby ensure more financial security for your loved ones. The rider facility can be availed at an additional nominal premium amount.
Riders Offered by Exide Life Insurance -
| Rider Name | Rider Description |
|---|---|
| Exide Life Term Rider | This rider offers additional insurance coverage over the basic insurance plan. Under this rider, the insured receives extra insurance cover over the basic sum assured offered under the plan. |
| Exide Life Critical Illness Rider | A critical illness rider is designed to offer insurance coverage against life-threatening diseases. In the event of diagnosis with any of the predetermined illnesses, this insurance rider will provide benefits to cover the cost of treatment. |
| Exide Life Accidental Death, Disability and Dismemberment Rider | In the event of an accident resulting in death or dismemberment or disability, this rider will provide 100% of the rider sum assured to the nominee in case of accidental death, while in case of disability or dismemberment a certain percentage is paid to cover the cost of treatment. |
Benefits of Buying Exide Life Insurance Plans
Investing in Exide Life Insurance plans is advantageous as the company offers top-notch insurance products that are designed to offer insurance coverage, financial security along with opportunities to achieve their desired financial goals. The Exide Life Insurance Plans offer insurance coverage to the insured and ensure that their loved ones are financially secure in their absence. In the event of an untimely death of the insured during the policy tenure, the nominee receives the death benefit thereby securing them financially. While in the event of survival the Exide Life Insurance plans help to create a financial corpus, which is either paid in lump-sum or in instalments as per the convenience of the insured. There are numerous benefits of buying a life insurance plan from Exide Life Insurance Company. The benefits depend on the type of insurance plan purchased by the insured. Let us see the various benefits offered by Exide Life Insurance Plans:
- Financial Security-
A life insurance plan is one of the best instruments that help in systematically planning finances. A life insurance plan offers benefits like death benefit or maturity benefit to safeguard against unforeseen events and financial contingencies. In the event of the death of the insured, a life insurance policy pays the nominee the death benefit that secures the loved ones financially. Similarly, a certain financial help in the event depending upon the terms of the policy is extended in the event of disability or diagnosis of a critical illness. Thus, one of the basic advantages of investing in an Exide Life Insurance Plan is that these plans offer financial security based on the type of insurance plan opted for. - Fortune Creation-
Wealth creation or creating a financial corpus that will help in overcoming future financial needs is an underlying advantage of investing in a life insurance policy. The right insurance plan will give opportunities that will multiply your investments and help in creating a pool of money that can be used to resolve your short-term or long-term financial needs. Thus, apart from offering insurance protection, investing in a life insurance plan can help in building wealth that can be utilised to fulfil dreams and goals. - Financial Planning -
Financial planning is a basic necessity. We make use of various instruments to make arrangements for our finances. Investing in a life insurance plan will help you to systematically plan your finances as the various insurance plans like child plan, pension plan, investment plan, etc. will help to be financially ready at different stages of life. Additionally, these plans will also provide financial security to your loved ones and family in your absence. Therefore, by investing in an Exide Life Insurance Plan you can plan and secure your child’s future in your absence. These plans ensure that you leave behind a legacy that will take care of your child’s future needs and help him/her in building their future. - Achieve Financial Goals-
Investing in an Exide Life Insurance Plan will help you in achieving all your set financial goals. All the plans offered by Exide Life Insurance Company Limited has unique features that help you in achieving your short-term and long-term financial goals. By investing in Exide Life insurance plans, you can systematically plan your funds to make financial arrangements for your dreams and goals like housing loan down payment, repaying car loan, financial arrangements for a foreign trip, etc. Thus, all insurance plans provide assistance to plan and achieve financial goals, however, the assistance and opportunity offered are based on the type of insurance plan. Thus, in this manner, you can achieve financial goals with the help of a life insurance plan and keep your savings untouched. - Loan Against Policy-
Certain life insurance plans of Exide Life Insurance Company offer the feature of Loan on Policy. Under this feature, the insured can avail loan against the policy. With this feature, the insured can overcome their financial contingencies. The loan against policy feature is available under certain specific insurance plans and can be availed after completing a specific time-frame and after fulfilling certain terms and conditions. On the other hand, a life insurance policy can also be used as collateral security to secure a new loan. - Liquidity-
The need for cash or availability of cash is very important. We want money to fulfil our desires and wishes like a foreign trip, buying a dream car, etc. so rather than availing a loan for such short-term financial needs we can invest in a life insurance policy in such a manner that it will ripe benefits at the right moment. The returns that we receive from investing in a life insurance plan will provide ample liquidity wherein our need for excess cash will be taken care of. Apart from investing systematically, we can also take advantage of unique features of a life insurance plan like surrender and partial withdrawal that will help us in overcoming short-term financial needs. Thus, a life insurance plan ensures we have monetary liquidity at our disposal so that none of our desires remains unfulfilled. However, kindly note that the benefits of these features can be availed only after completing a certain specific timeframe. - Retirement Planning-
Pension Plans are life insurance policies designed to offer financial independence during the post-retirement phase. After retiring from work the regular monthly salary is stopped but this shouldn’t stop us from living life. Considering the importance of regular income during the post-retirement phase, Exide Life Insurance Company has designed a retirement plan that helps individuals to be financially independent during the golden years of their life. Investment in a pension plan regularly helps in creating a corpus that is paid either in lump-sum or as a monthly pension thereby resolving the need for regular income. Additionally, these plans also offer to provide insurance coverage during the policy tenure thereby in the event of an untimely death it will ensure that you leave behind a legacy for your family. - Tax Benefits- Life Insurance plans offer tax benefits to the policyholder or insured. All the premiums paid are subject to tax benefits. Not only the premiums paid but even pay-out received are subject to tax benefit (subject to certain terms and conditions).
Exide Life Insurance Claim Settlement Process
The claim settlement process of Exide Life Insurance Company is simple and hassle-free. The company is focused to practice fair and transparent claims settlement to ensure effective management of claims along with protecting the interest of all the stakeholders. Exide Life Insurance claim settlement consists of two types of claims namely maturity claim and death claim. Exide Life Insurance Company has a simple claim settlement process that is quick, smooth, and requires minimal documentation. The claim process of Exide Life Insurance is as follows:
- Maturity Claim
Maturity Claim as the name suggests refers to a claim arising in the event of maturity of the life insurance policy. The maturity claim process is effective in the event of survival of the insured until the date of policy maturity. When the maturity claim arises, the insured has to file the required documents along with a duly filled discharge form. Once the insurance company receives the documents, the claim payment shall be credited to the insured’s bank account. - Death Claim
Death Claim as the name suggests refers to a claim arising in the event of the death of the insured. In the event of the untimely death of the insured, the nominee is required to intimate the event to the insurance company. The nominee is the person who is responsible to register the death claim with the insurance company. There is a list of documents that the nominee is required to submit while registering the claim. Once the claim is registered the insurance company shall verify the claim and administer it to the nominee’s account.
Thus, in this manner, the claim settlement procedure of Exide Life Insurance Company takes place. In case, the nominee or the insured has any further queries or need any assistance, they can contact the customer care support or visit the nearest branch office to get it resolved at the earliest.
Documents Required for Death Claim
There is a list of documents that the nominee has to submit to the insurance company while registering the claim. These documents are important for administering the claim. The following is the list of documents that the nominee is required to submit to the insurance provider:
- Original life insurance policy document
- Duly filled Death Claim Form
- Duly attested Death Certificate copy issued by local Municipal authority
- For receiving the death benefit credit in the bank account, the nominee is required to either submit an NEFT mandate form attested by the bank or a cancelled cheque
- Any other additional documents as required by the insurance company.
Documents Required for Maturity Claim
Maturity Claim is processed in the event of survival of the insured till the policy maturity date. In case of maturity claim the insured is required to submit the following documents to the insurance provider to avail faster maturity benefit:
- Original life insurance policy document
- Duly filled Discharge Form
- To avail credit of the maturity benefit in the bank account, the insured must either attach a cancelled cheque or bank passbook copy to the discharge form or submit the NEFT mandate form along with the banker’s attestation on it.
- Know Your Customer Documents like Address Proof, Identity Proof of the insured.
Exide Life Insurance Tax Benefit
Exide Life Insurance Plans are designed to offer a tax benefit to the insured. Insurance plans offer insurance coverage, offer investment opportunities but at the same time, they offer tax relaxation to the policyholder. The tax relief can be availed on the premium amount paid by the insured or the policyholder for self or for family. Similarly, tax relief can also be availed on the returns received from the insurance investment, however, this tax relief is based on certain terms and conditions. The below table illustrates the tax relief that can be availed under various sections of the Income Tax Act.
| Income Tax Act Sections | Tax Benefit Available |
|---|---|
| Section 80C | Under this section, The Income Tax Benefit up to 10% of the SA, subject to a maximum of INR 1.50 Lakhs can be availed on all premium amounts paid for Exide Life Insurance plans. |
| Section 80D | Under this section, Income Tax Benefit up to INR 25000 is available for individuals and INR 50000 is available for a senior citizen on the premium amount paid per financial year. |
| Section 10 (10D) | Under this section, the death benefit received by the nominee from the life insurance plan is completely tax-free. Additionally, Maturity benefit and survival benefits received can also fall under tax-free subject to certain terms and conditions. Kindly check the terms and conditions while investing. |
| Section 80CCC | This section is applicable to avail tax relief towards the premiums paid for the annuity plan. |
Exide Life Insurance Customer Care Details
Exide Life Insurance Company is committed to offering best-in-class customer service. They constantly endeavour to provide services that make it convenient for the customers. The dedicated customer support team offers 24*7 customer service. The following are various ways through which the customers can contact the company.
| Email ID | care@exidelife.in |
| Toll-free Number | 1800 419 8228 |
| Telephone No | 080 4134 5444 (9.00 AM to 7.00 PM) (Monday to Saturday) |
| Website | https://www.exidelife.in/ |
| Social Media Handles | Twitter handle @ExideLifeCares |
| SMS Service | To receive policy details SMS to 09880888228 |
Exide Life Insurance Review
Exide Life Insurance Company is one of the leading insurance providers in India. The following are a few of its interesting details:
- The company serves over more than 15 lakh customers across India and manages assets of more than INR 15759 Crores.
- During 2019-2020, the company achieved a total premium income amount of more than INR 3220 Crores.
- The company has more than 45000 tied agents and advisors attached to over 200 branch offices across India.
- The company has achieved a claim settlement ratio of 98.15% during the financial year 2019-20
- Exide Life Insurance has numerous insurance plans that help in achieving your financial goals.
- The company has a simple and quick claim settlement process that ensures claim settlement to be done within 30 days of receipt of all the required documents.
Thus, the above interesting facts make Exide Life Insurance company one of the most preferred insurance partners of Indian customers.
Exide Life Insurance FAQs
1. Can I take a policy loan on an Exide Life Insurance plan?
Yes, some of the life insurance policies of the Exide Life Insurance Plan allows policy loans. After completion of the stipulated time-frame, the insured can opt for a policy loan on their insurance policy.
2. How can I revive my policy which has been lapsed?
The revival of lapsed policy can be done by Exide Life Insurance Policies. In some situations, when an insured cannot pay the due premium within the stipulated time the in-force insurance policy goes into a lapsed state where all the features and benefits of the policy are not active. So, if an insured wants to reinstate the policy features, he/she has to revive the lapsed policy. The revival can be done by paying all the due premiums along with any late fee charges.
3. Which premium paying frequencies are allowed under Exide Life Insurance Plans?
Exide Life Insurance Company allows different premium payment modes for the convenience of its customers. Customers can pay their premium amount online or through an offline channel in various premium paying frequencies like Yearly, Half-Yearly, Quarterly, Monthly, and Single Premium depending upon the terms and conditions of the policy.
4. Can I delete or add riders with Exide Life Insurance plans?
Yes, the addition and/ or deletion of riders is possible on the policy anniversary date.
5. Can I cancel my insurance plan if I am not satisfied with the terms and conditions of the plan?
Yes, you can cancel your insurance plan if you are not satisfied with the terms and conditions of the insurance plan that you have purchased. The cancellation of the insurance plan can be done during the free-look period.
6. What are the payment modes for Exide Life insurance policies?
Various premium payment modes are available for Exide Life Insurance Policies. Customers can pay the premium amount via an online channel or through offline mode.
7. How will I receive my claim amount from the Exide Life Insurance plan?
The claim settlement process of Exide Life Insurance Company is quick and hassle-free. Whether it is a maturity claim or death claim the insurance company pays the claim amount as per the instructions of the insured or nominee. Usually, the insurance company proposes to settle the claim amount in the bank account as the process is quick and hassle-free.
8. How can I check the policy status of the Exide Life Insurance Plan?
Go to the customer service tab on the official website of the Exide Life Insurance Company to check the status of your life insurance policy. Alternately, you can contact the customer care department to check the status of your insurance plan.
9. How can I track the performance of the policy funds in case of unit-linked insurance plans?
Visit the given link to track the performance of the fund i.e., to check the latest NAV of the fund https://www.exidelife.in/funds/fund-nav. Alternatively, the insurance company usually sends out the fund performance report that states all the details related to the performance of the fund of your unit-linked insurance plan.
10. How many riders can I choose under Exide Life Insurance plans?
Customers can opt for as many riders they wish to incorporate under their base life insurance plan. However, the choice of rider depends on the availability of the riders allowed under the chosen plan.