Exide Life Insurance: What You Need To Know

what is exide life insurance

Exide Life Insurance, now known as HDFC Life, is one of India's leading private life insurance companies. Headquartered in Bengaluru, Exide Life Insurance has been in operation since 2001-02 and has over 200 offices across India. The company offers a range of insurance solutions, including individual and group insurance, with policies in various categories such as protection, pension, savings, investment, and health. Customers can purchase insurance products online and have the added advantage of customising their plans by adding optional benefits at a nominal price.

Characteristics Values
Name Exide Life Insurance
Parent company HDFC Life insurance company
Joint venture HDFC Ltd. and abrdn (Mauritius Holdings) 2006 Ltd.
Headquarters Bengaluru
Year of operation 2001-02
Number of offices 200+
Number of advisors 40,000+
Number of customers 15 lakh+
Claim settlement ratio 98.15%
Year of claim settlement ratio 2019-20
Insurance categories Protection, Pension, Savings, Investment, Health, Group insurance
Insurance purchase options Online, Agency, Bancassurance, Corporate agency & broking, Direct channel
Group term life insurance minimum entry age 18 years
Group term life insurance maximum entry age 79 years
Group term life insurance premium payment options Annual, Half-yearly, Quarterly, Monthly
Group micro term insurance maximum sum assured Rs. 2,00,000 per member

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Exide Life Insurance is now HDFC Life, one of India's leading private life insurance companies

Exide Life Insurance has over 200 offices across India and more than 40,000 advisors. The company's products are distributed through a variety of channels, including agency, bancassurance, corporate agency and broking, direct and online.

Exide Life Insurance has a strong presence in the Indian market, with more than 15 lakh satisfied customers. The company's claim settlement ratio of 98.15% for the financial year 2019-20 is among the best in the industry.

Exide Life Insurance offers a range of insurance policies, including protection plans, investment/savings plans, retirement plans, health plans and group insurance offerings. The company also provides group term life insurance, which is designed for employers to offer a comprehensive package to their employees.

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Exide Life Insurance offers a range of insurance policies, including protection plans, investment/savings plans, retirement plans, health plans, and group insurance offerings

Exide Life Insurance is now HDFC Life, one of India’s leading private life insurance companies. The company has over 200 offices throughout India and more than 40,000 advisors on board. Exide Life Insurance offers a range of insurance policies, including protection plans, investment/savings plans, retirement plans, health plans, and group insurance offerings.

The company's product portfolio comprises solutions, which meet various customer needs. Customers have the added advantage of customising the plans by adding optional benefits called riders at a nominal price. Exide Life Insurance offers facilities where customers can purchase insurance products online.

The company's excellent claim settlement ratio of 98.15% for the financial year 2019-20 is amongst the best in the industry. Exide Life group term life insurance has been specially designed for employers to offer a comprehensive package to their employees. The minimum entry age is 18 years and the maximum is 79 years. The premium payment method has four options for employers: annual, half-yearly, quarterly, and monthly.

Exide Life group micro term insurance is specially curated for microfinance institutions. The maximum sum assured can reach up to Rs. 2,00,000 per member. This cover also gives an option to include spouses at an affordable premium cost.

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Exide Life Insurance has a multi-channel approach, including bancassurance, agency network, direct and online channels, and corporate agency and broking

Exide Life Insurance is now HDFC Life, one of India's leading private life insurance companies. It offers a range of individual and group insurance solutions, including protection, pension, savings, investment and health plans.

Bancassurance is a form of distribution channel where insurance companies partner with banks to sell their products to the bank's customers. This allows Exide Life Insurance to reach a wider audience and provide convenient access to insurance products for bank customers.

The agency network channel refers to the company's team of advisors and agents who directly sell and promote the insurance products to potential customers. This network is spread across India, ensuring that customers can easily access information and support regarding the insurance plans.

The direct and online channels allow customers to purchase insurance products online directly from the company, either through their website or other digital platforms. This provides customers with the convenience of comparing different plans, customising their coverage, and managing their policies from the comfort of their homes.

The corporate agency and broking channel involves partnerships with businesses and brokers to offer group insurance plans to their employees. Exide Life Insurance's group term life insurance is an example of this, where employers can provide a comprehensive package to their staff, including options for spouses at affordable premium costs.

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Exide Life Insurance has an excellent claim settlement ratio of 98.15% for the financial year 2019-20

Exide Life Insurance is now HDFC Life, one of India's leading private life insurance companies. It offers a range of individual and group insurance solutions, including protection, pension, savings, investment and health plans. The company has over 200 offices throughout India and more than 40,000 advisors on board. Exide Life Insurance has an excellent claim settlement ratio of 98.15% for the financial year 2019-20. This is amongst the best in the industry.

The company's products are distributed through a multi-channel approach, including bancassurance, agency network, direct and online channels, and corporate agency and broking. This approach has helped Exide Life Insurance reach a wide range of customers all over India.

Exide Life Insurance offers a fantastic range of insurance policies in various categories, such as protection plans, investment/savings plans, retirement plans, health plans, and group insurance offerings. The company also provides the facility for customers to purchase insurance products online.

One of the key products offered by Exide Life Insurance is group term life insurance. This has been specially designed for employers to offer a comprehensive package to their employees. The minimum entry age is 18 years, and the maximum is 79 years. Employers have the option to choose from four premium payment methods: annual, half-yearly, quarterly, and monthly.

Exide Life Insurance also offers group micro term insurance, which is specially curated for microfinance institutions. The maximum sum assured can reach up to Rs. 2,00,000 per member, and this cover also gives an option to include spouses at an affordable premium cost.

shunins

Exide Life Insurance offers group term life insurance, specially designed for employers to offer a comprehensive package to their employees

Exide Life Insurance is now HDFC Life, one of India's leading private life insurance companies. It offers a range of individual and group insurance solutions, including protection, pension, savings, investment and health. Customers can customise their plans by adding optional benefits called riders at a nominal price. Exide Life Insurance has a multi-channel approach that includes bancassurance, agency network, direct and online channels, and corporate agency and broking. The company has more than 40,000 advisors on board and over 200 offices throughout India.

Exide Life Insurance's group term life insurance is distributed through an agency, bancassurance, corporate agency & broking, direct channel, and online. Employers can provide their employees with a group term life insurance policy from Exide Life Insurance using Pazcare's tech-enabled dashboard. Pazcare offers the best quotes for the Exide Life group term insurance policy, which can be managed online.

Exide Life Insurance has an excellent claim settlement ratio of 98.15% for the financial year 2019-20, which is among the best in the industry. The company has more than Rs. 15 lakh satisfied customers under its fold. Its multi-channel approach ensures that Exide Life Insurance has a tremendous reach all over India.

Frequently asked questions

Exide Life Insurance is now HDFC Life, one of India's leading private life insurance companies.

Exide Life Insurance offers a range of insurance policies in various categories, including protection plans, investment/savings plans, retirement plans, health plans, and group insurance offerings.

Exide Life Insurance products can be purchased online or through an agency, bancassurance, corporate agency & broking, direct channel, and online.

Exide Life Insurance has an excellent claim settlement ratio of 98.15% for the financial year 2019-20, which is amongst the best in the industry.

The minimum entry age for an Exide Life group term life insurance policy is 18 years, and the maximum is 79 years.

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