Exide Life Insurance Company Limited

Exide Life Insurance Company Limited

Exide Life Insurance Company Limited is an established name in the life insurance sector. Headquartered in Bengaluru, the company commenced its operations in 2001-02. It is 100% owned by Exide Industries Limited, and as of March 31, 2021, the company manages assets of Rs 18,381 Crores.

The leading insurance company focuses on providing long-term savings and protection plans and thus boasts a strong product portfolio. The products are carefully designed to suit customers’ protection, savings, investments, retirement, and pension needs. Moreover, the company uses multi-channels to distribute its products such as online, direct channel, corporate agency, and broking.

Why opt for Exide Life Insurance:

• Online Services:
•  Exide Life Insurance offers various online services for the ease of the customers, such as policy renewal, downloading payment receipt, updating your details, check policy details, enquiring about policy, and many more.
• Claim Settlement ratio:
•  Exide Life Insurance has a high claim settlement ratio of 98.15% (IRDAI Annual Data 19-20), making it a reliable insurance partner. The company is also known for the easy processing of claims.
• Customer-centric approach: 
• The products offered by Exide Life Insurance are designed keeping in mind the financial needs of the customers at every life stage, such that they choose the right product based on their requirements.

Types of Life Insurance products offered by Exide Life Insurance

• Protection plans: Protection plans include a term plan necessary to build a strong financial future for your loved ones in your absence. Exide Life Insurance ensures that you achieve the same by offering comprehensive protection plans with additional riders.
• Savings and Investment Plans: Exide Life Insurance offers various savings and investment options comprising life insurance benefits. You can opt for a plan based on your financial needs and life stage requirements.
• Retirement and Pension Plans: These plans help in planning a happy retirement phase wherein you can continue with the same standard of living as you did in your early years. And Exide Life Insurance’s retirement and pension plans let you accumulate a substantial amount for your retirement period.
• Group Insurance Solutions: Exide Life Insurance Group Plans offers coverage for employees in case of any unforeseen event. An organization provides it to its employees.

Term plans offered by Exide Life Insurance

• Exide Life Smart Term Edge: This plan offers comprehensive life cover and ensures a secured financial future for your family. Exide Life Smart Term Edge comes with 3 different plan options, catering to the desired protection requirement of the customers. It also has a return of premiums option on policy maturity.
• Exide Life Elite Term Insurance Plan: This term plan helps build a strong financial foundation for your family’s future in your absence. It offers a substantial sum assured at a reasonable premium.
• Exide Life Smart Term Pro: Exide Life Smart Term Pro provides complete life cover with 100% return of premiums. This term plan gives you the flexibility to complete your premium payment in a short span of 5, 8, 10, or 12 years while enjoying the insurance cover for the entire policy term.
• Exide Life Term with Return of Premium Plan: This term plan offers life coverage at affordable premiums along with the option of return of premiums when the policy ends.

You can visit iiflinsurance.com to know more about the insurance plans offered by Exide Life Insurance Company.