Exide Life Insurance is one of the leading insurance providers in India, they offer a wide range of insurance products. We have written an in-depth review for you to decide before making any big decision in life.
The company has been in business in India for over 20 years and has a reputation for providing good quality products and excellent customer service.
In this detailed review, we will take a closer look at the features and benefits of Exide Life Insurance, as well as its downsides. It will help you make a final decision about whether it’s the perfect insurance plan for you.
The aim of this article is to provide a detailed and clear evaluation of the company’s products, services, and overall performance. This will help you in making the right decision before choosing an insurance provider.
Product Range Available
Exide Life Insurance offers a good range of insurance products to its customer base. The company provides a variety of life insurance options that serves the different needs and preferences of customers. Exide Life Insurance offers:
1. Term insurance
This type of insurance provides coverage for a specific period of time. It is a cost-effective way for customers to protect their loved ones in case of an unfortunate event. Term insurance plans offered by Exide Life Insurance come with an option of return of premium and accidental death benefit rider.
2. Endowment plans
These plans provide both insurance coverage and savings. These plans come with a maturity benefit that can be used for various purposes such as children’s education, retirement, and more. Exide Life Insurance endowment plans also come with an option of accidental death benefit rider.
3. Money-back plans
These plans provide regular payouts to the policyholder during the policy term, which can be used for various purposes such as children’s education, retirement, and more.
4. Pension plans:
These plans are designed to provide regular income to the policyholder after retirement. Exide Life Insurance pension plans come with an option of immediate and deferred annuity.
Exide Life Insurance also offers health insurance, critical illness insurance, and child insurance. With a wide range of options, you can choose the insurance plan that best suits your needs and budget.
Additionally, the company offers a range of options to enhance coverage and provide additional protection such as accidental death benefits, critical illness, and hospital cash benefits.
Customers can also opt for a combination of insurance plans that serves their specific needs, such as a term insurance plan for a critical illness. The company’s insurance advisors would be happy to help customers find the right plan or combination of plans to suit their needs.
Exide Life Insurance Customer Care
Exide Life Insurance prides itself on its commitment to providing excellent customer service. The company has a dedicated customer service team that is available to assist customers with any queries or concerns they may have.
How to reach out to the support team?
The customer service team can be reached via phone, email, or through the company’s website. They are trained to help customers understand the features and benefits of the different insurance products offered, and to assist them in making informed decisions about their insurance coverage.
The company also has a user-friendly website, where customers can easily access information about the various insurance products and services offered. The website is designed to be easy to navigate, and it provides customers with all the information they need to make informed decisions about their insurance coverage.
Furthermore, the company has a strong online presence, making it easy for customers to purchase insurance policies, track their claims, and access other important documents. They also have a mobile app that makes it easy for customers to manage their insurance policies on the go.
Exide Life Insurance understands the importance of quick and efficient customer service, that’s why they have a dedicated claims team that handles claims quickly and efficiently, ensuring that customers receive their benefits without any delays. The company also has a streamlined claims process, which makes it easy for customers to file and track their claims.
Also, the company provides regular updates to customers about their insurance policies, claims status, and other important information through SMS and email notifications. The company also conducts regular customer satisfaction surveys to gather feedback and improve its services.
Overall, Exide Life Insurance’s customer service is responsive, professional, and dedicated to helping customers understand and make the most of their insurance coverage.
Exide Life Insurance Premium Payment
Exide Life Insurance offers flexible premium payment options, which makes it easy for customers to pay their premiums according to their convenience. The company offers several options for paying premiums such as online payment, cheque, Demand draft, cash, and ECS.
What are the payment options?
Customers can choose to pay their premiums on a monthly, quarterly, half-yearly, or annual basis. The company also offers an auto debit option, where customers can set up a direct debit from their bank account to pay their premiums automatically. This eliminates the need for customers to manually pay their premiums, and it also eliminates the risk of missed payments.
The company also offers various discounts and special offers to its customers, making its insurance products even more affordable. Some of these discounts include a discounted premium for paying premiums annually and a reduced premium for customers who opt for electronic premium payment options.
Additionally, the company offers loyalty discounts for customers who have been with the company for a certain period of time.
Exide Life Insurance also provides ECS, NACH, and auto-debit options to make the premium payment process hassle-free and convenient for customers. This enables customers to pay their premiums automatically on the due date, without having to manually pay each time.
In short, Exide Life Insurance offers a variety of premium payment options that are flexible and easy to use. The company’s discount and special offers also make its insurance products more affordable.
The company’s premium payment options are designed to provide customers with a convenient, hassle-free, and efficient way of paying their premiums.
Exide Life Insurance is known for its efficient and prompt claims settlement process. The company has a dedicated claims team that handles claims quickly and efficiently, ensuring that customers receive their benefits without any delays. The company also has a streamlined claims process, which makes it easy for customers to file and track their claims.
How to file an Insurance claim for Exide Life Insurance?
To file a claim, customers need to fill out a claim form and submit it along with the required documents. The company’s claims team will then review the claim and verify the information provided.
Once the claim is approved, the company will disburse the benefit to the customer. Exide Life Insurance provides the option to track the claim status online. That allows customers to know the status of their claims at any time.
They provide a dedicated claims helpline, where customers can speak to a representative for assistance with their claims. The claims team is available to assist customers throughout the process and ensure they receive their benefits quickly.
Exide Life Insurance also provides an option for cashless claims, where customers can get their treatment done at any of the company’s network hospitals and the hospital will directly bill the company for the treatment.
In summary, Exide Life Insurance has a reputation for being prompt and efficient in settling claims. The company’s dedicated claims team and streamlined claims process make it easy for customers to file and track their claims, ensuring that they receive their benefits in a timely manner.
The company’s cashless claim option is also a convenient feature for customers, which eliminates the need for them to pay for their treatment upfront.
What are the Pros and Cons of Exide Life Insurance
Exide Life Insurance has a wide range of insurance products, a dedicated customer service team, a user-friendly website, a mobile app, and an online presence that makes it easy for customers to purchase and manage their insurance policies.
The company also offers flexible premium payment options and various discounts and special offers. Additionally, Exide Life Insurance is known for its efficient claims settlement process and prompt response time.
However, as with any insurance provider, there are also some downsides to consider. One potential downside is that Exide Life Insurance may not offer the lowest premium rates compared to other insurance providers in the Indian market.
Additionally, some customers may find the company’s claims process to be slightly more complex than others.
Overall, it is a reputable and reliable insurance provider in India. It is a solid choice for customers looking for insurance coverage.
However, it is important to compare the company’s rates and policies with other providers before making a final decision.
Competitors of Exide Life Insurance in India
There are several competitors of Exide Life Insurance in India. Some of the top insurance providers in the Indian market include:
- LIC (Life Insurance Corporation of India) – LIC is the largest and oldest life insurance company in India. LIC has a wide network of branches and agents across the country.
- ICICI Prudential Life Insurance – ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential plc. The company also offers health insurance, retirement plans, and wealth management services.
- SBI Life Insurance – SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardiff. It offers a wide range of insurance products, including term insurance, endowment plans, money-back plans, and unit-linked insurance plans (ULIPs).
- Bajaj Allianz Life Insurance – Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. The company offers health insurance, retirement plans, and wealth management services.
It is important to note that the above list is not exhaustive and there are other insurance providers in the Indian market. It is always a good idea to compare and research different options before choosing an insurance provider.
In conclusion, Exide Life Insurance is a reputable and reliable insurance provider in India. With a wide range of insurance products, excellent customer service, and an efficient claims settlement process, it offers a solid choice for customers looking for insurance coverage.
The company’s user-friendly website and mobile app make it easy for customers to purchase and manage their insurance policies. The company also offers flexible premium payment options and various discounts and special offers.
However, they may not offer the lowest premium rates compared to other insurance providers in the Indian market.
Also, some customers may find the company’s claims process to be slightly more complex than others. Before making a final decision, it is important to compare the company’s rates and policies with other providers.
Overall, Exide Life Insurance is a reliable and trustworthy insurance provider that offers comprehensive insurance coverage and excellent customer service.
If you’re looking for a comprehensive and dependable insurance provider, Exide Life Insurance is definitely worth considering.
Who is the owner of Exide life insurance?
Exide life insurance company limited ( Now HDFC ).
Exide life insurance login: https://myaccount.hdfclife.com/login
In order to ensure the accuracy and credibility of the information presented in this article, the following references were consulted:
- The Exide Life Insurance official website (https://www.exidelife.in/)
- HDFC Life Exide Life Insurance’s policy brochures and product details
- Exide Life Insurance’s customer reviews and testimonials are found on various consumer reviews websites such as Policybazaar, Bankbazaar, and others.
- News articles and press releases from reputable media sources such as The Economic Times, Business Today, and others provide information about the company and its performance in the Indian insurance market.
This article is intended to provide general information and should not be considered financial or insurance advice.
It’s always recommended to consult a professional financial advisor or insurance agent before making any decisions regarding insurance coverage.
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