Exide Life Insurance

Claim Settlement Ratio - 89.36%*
*Data according to IRDA Annual Report (2015-16)
*Please note that the quotes shown will be from our partners

Exide Life Insurance Company Limited, formerly known as ING Vysya Life Insurance Company Limited is 100% owned by Exide Industries Limited. The company is founded in 2000 and started its operations in 2001.

Serving over 10 lakh customers across India, Exide Life Insurance is one of the leading life insurance companies in South India. With assets more than Rs. 8000 crores, the company is now growing its franchise in other parts of the country. Exide Life Insurance has the ISO 9001:2008 quality certification for all customer service processes. Mr. Kshitij Jain is the Managing Director & CEO of Exide Life Insurance Company Ltd.

The company has a strong network of agency channels viz. Agency, Alliances, Banc assurance and Direct Channels, comprising more than 35,000 advisors who are attached to over 200 company offices and customer care centers across the country. 

The company provides long-term protection and savings solutions and has a strong traditional product portfolio with a consistent bonus track record. According to the recent survey by Economic Times - Brand Equity and Nielsen, Exide Life Insurance is ranked amongst the Top 10 Most Trusted Life Insurance brands in India.

Exide Life Insurance Company Policy Portfolio

Exide Plans are categorized into savings, protection, retirement and investment. Exide Life Insurance Company follows a customer centric approach and the product portfolio offers products that cater to every financial requirement, at all life stages.

Exide Life Term Plans

These plans are the simplest and most economical form of life insurance, which provide you a higher coverage with little cost. They also have the option to enhance coverage through riders.

  • Exide Life My Term Insurance Plan
  • Exide Life Term Rider Plan

Exide Life ULIP Plans:

These are investment plans that help you reap the benefits of the market scenario and help you customize your plan as per your risk appetite.

  • Exide Life Prospering Life Plus
  • Exide Life Smart Future Insurance Plan

Exide Life Child Plans:

Exide Life child policies help you plan your child’s future in advance so that you don’t fall short of finances when you need them the most.

  • Exide Life Mera Aashirvad Plan
  • Exide Life New Creating Life Insurance Plans

Exide Life Pension Plans:

These are best pension insurance plans if you want to plan for your retirement and help you have a prosperous old age.

  • Exide Life Golden Years Retirement Plan
  • Exide Life Immediate Annuity Plan

Exide Life Investment Plans:

These are savings plans that help you to achieve your life’s goals by provisioning for your future.

  • Exide Life Assured Gain Plus
  • Exide Life New Fulfilling Life
  • Exide Life Jeevan Uday
  • Exide Life Secured Income Insurance Plans
  • Exide Life Nirmal Jeevan Insurance Plan
  • Exide Life Guaranteed Income Insurance Plan

Compare all Exide life insurance plans from other life insurance companies in India to explore the best insurance plan that suit your needs.

Exide Life Distribution Network:

Since its inception Exide Life Insurance Company has built its presence in over 200 cities and distributes its products through two channels, Tied Agency and Alternate Channel.

Exide Life Insurance - FAQs

1. How to pay a premium? What are the modes of payment available?

Exide Life Insurance Company offers 8 modes of premium payment namely:

  • Cash payment at the branch
  • Payment at the Axis Bank
  • Payment at ING Bank
  • Online Payment
  • NEFT
  • ECS
  • Auto Debit
  • Other options

In the other options you can make the payment at South Indian Bank branches, in Karnataka you can make the payment at Karnataka one counters through cash, DD, Cheque, Debit or Credit card. In Bangalore you can also make payment at Bangalore one counters by cash, DD, Cheque, or credit cards. You can also pay at HDONE counters with cash, cheque, or DD if you are in Hubli or Dhrwad.

For the online payment mode, the policyholder can pay via;

  • Credit Card,
  • Debit Card
  • Net banking
  • Bangalore one
  • Tech process solution

2. How can I check policy status?

You can check your policy sttaus if you are registered online. Simply login with your policy number and data of birth on MY LIFE tab to check the policy status. You may also check other policy details from the same link.

What is the policy renewal process?

You can renew policy online.

Step 1: Simply enter your policy details and date of birth to log into your account

Step 2: Make payment via Debit/Credit card or Net Banking

Step3: Print the cyber recipt of the premium payment made

Alternatively, you can pay via Cheque/cash and Net Banking. 

What is the company’s process to settle claim?

Please register your claim on Register Your Claim section. Just provide all the necessary information asked in various fields. You also need to use the claim intimation form which can be availed from the branch, or can download from the website or can be sent to you on your mail if you ask the same to the company on their mail id. Once all the documents are submitted to the company, it will provide you with a receipt and a reference number that can be quoted during all the communication. The claim will be settled within 7 business days.

What is the policy cancellation process?

To cancel the policy, you can visit the branch personally with your policy documents and duly filled surrender form. Upon successful validation of the documents, the refund will be directly credited in your bank within 7 bsuiness days.

Exide Life Insurance - Latest News

Exide Life Insurance conferred with FINNOVITI 2016

The recognized life insurance company, Exide Life Insurance, recently received FINNOVITI 2016, which is an award invented to inspire innovations in the sector of financial services. Exide Life Insurance Company invented a unique record-keeping book and named it as ‘My Money Book’. This book was selected among the top 20 innovations for the year 2014-2015 and was awarded at an award ceremony that was recently held in Mumbai.

There were more than 150 entries submitted by over 80 organizations competing with each other.

‘My Money Book’, basically, is a record-keeping book especially designed according to the brand mission, of Exide Life Insurance, of helping people in preparing themselves financially for a happy and long life. While it is important to save and invest, keeping a record of financial engagement is equally essential. Therefore, 'My Money Book' is innovated to help people in creating a comprehensive and combined summary of all their financial info. It is a simple and easy tool to use, and helps you organize all your financial data.

There is still headroom for some more rate cuts, says Shyamsunder Bhat, CIO Exide Life Insurance

January 11, 2016 : On being asked about government's reforms push till now, Shyamsunder Bhat, CIO Exide Life Insurance, talked about the common perception of the people whatever has been done is either not enough or not in time. While this is partially true, one should also not neglect that the insurance sector has come out of a phase of notably low growth. He also expressed that addressing all problems in such a large economy as India, with the history of a weak global economy, will take some time and efforts.

 He claimed that reforms in power sector are critical. While a few lenders will have to compromise with the repricing of loans at lower interest rates, it is a positive initiative in overall interest of the nation. On the banking front, capitalization of banks to resolve NPA issues will lower the pressure on the system. Over a longer term, the impact of FDI relaxation will be noticeable in various sectors.

"How the equity markets shape up in 2016 will depend to a large extent on how earnings pan out in the next few quarters" –– Shyamsunder Bhat, CIO Exide Life Insurance.

Ulips have now become more attractive. If the investor keeps the investment for a long period, they become cheaper than mutual funds and yield the benefit of insurance as well. High allocation charges that were impacting returns have also been lowered. The ULIPS have now become more acceptable. Now, ULIPS offer such benefits as automatic asset rebalancing, as per monthly investment option and life cycle of the investor.

Exide Life Insurance introduces Star Saver Plan

January 22 ,2016 : Exide Life Insurance has launched a new savings cum insurance plan named Exide Life Star Saver. It is a limited payment plan with 5 years of premium payment term. The policy term can be chosen from 10, 12, or 15 years. In case of an accident, the plan offers a Double Life Cover. The maximum entry age for this plan is 60 years. Exide Life Star Saver requires you to pay the premiums for only 5 years, while you get to enjoy the life cover for the entire term of the policy. If you stay invested for the policy term you choose, then on maturity you become eligible to receive a guaranteed lump sum amount. This sum offered to you on maturity is absolutely free from tax. Along with the amount of life cover, an additional life cover of an equivalent amount is also given to you, for the unforeseen events due to accidents. Under this plan, you can enhance the protection by opting for riders for a very nominal amount of extra premium. Through Exide Life Critical Illness Rider you can choose to be covered for about 25 critical illnesses. Sanjay Tiwari, Executive Vice President for Products Management department at Exide Life Insurance said that one can plan his family’s dreams with confidence when he has a guarantee on returns. Talking further about their new plan he claimed that Exide Life Star Saver Plan is very easy to understand and not at all complex. The plan has been designed keeping this philosophy n mind and assures a tax free amount on maturity. The plan requires only Rs. 24000 of annual investment for 5 years and anyone up to 60 years of age can buy the plan.

Exide Life Insurance goes anti-‘jugaad’

Exide Life Insurance, the company based out of Bengaluru, has launched a campaign all across social media which is based upon the idea that jugaads (short cuts) aren’t the best solution. The campaign has been named as #NoMoreShortCuts. Themed around ‘jugaad’ this campaign has introduced a character, Jugaadulal. The short video depicts how the protagonist uses jugaads (short cuts and tricks) for every work in his day-to-day life, encounters failures every time, and eventually realizes the importance of long-term planning and drawbacks of jugaads. "Through this execution, we want our customers to know that while shortcuts work sometimes, they aren't always the best solution. And, for a long and happy life, you need to have the foresight for long-term planning. This is truly specific for financial planning because there are no shortcuts to making money," said Mohit Goel, marketing director, Exide Life Insurance. With its head-quarters in Bengaluru, Exide Life Insurance is operational since 2001. Serving more than 10 lakh customers from all over India, the company has a multi-channel distribution system supported by banc assurance, agency, direct channels, and alliances.

Exide launches its new Exide Life-Income Advantage Plan

The Exide Life Insurance Company Ltd introduced Exide Life-Income Advantage Plan, which serves the twin benefit of a saving and insurance plan that works to the advantage of providing regular guaranteed income with life coverage. You can pick from 2-income payout choices considering your life needs, serving you benefit on the additional benefit payouts under this plan. This is an affordable plan catering all the individual needs for a subsequent income.

In this plan of Exide Life Insurance, the policyholder is required to compensate premiums only through the initial stage of the policy tenure. During the second half of the term, you will be paid regular guaranteed income annually. Additionally, you will be benefitted from extra income each year which is paid as bonuses. Under this, the policyholder can develop protection by choosing for riders by a normal additional premium payment. Also, you can opt from Exide Life coverage or Dismemberment Rider.</

Exide Life Insurance Reviews

January 25, 2017

Trusted company in returns

I was taken siip policy and creating life policy. I feel very happy to take a policy in exide life. Renewals fallow up super. Service fine. Thanks exide life.

August 19, 2016

Good Investment

The exide ulip policy i have is fabulous. Service is fast provided by the executives of the insurance company. Claims are high and coverage is good. One of the best policy which has best terms and conditions. I bought this for me and my whole family.

August 19, 2016

Trustable Policy

Thanks for the insurance policy which is very nice in all field. It has much more benefits than i think. The policy coverage is high and premium is less. Service is fab with on time availability. Easy renewals through online portal.

August 19, 2016

Good Policy

Exide term insurance policy i have purchased in low investment. The policy coverage is approx. 90% and claims are easy to clear. Updates are easy to see through website and renewals are simple to do through online portal service which is easy to access by anyone.

August 19, 2016

Retirement policy

My retirement planing is secure with exide life insurance company. Policy coverage is high and claims are high too which can be sanctioned easily. Service is quick and the behaviour of the staff member of the company is nice.

July 19, 2016

Ulip Insurance Plan

I have ulip insurance plan from ing vysya insurance. The insurance is perfect and it fully satisfactory for me and my family. The service is also nice with easy renewals and online service reduces paperwork also.

July 19, 2016

Investment plan

Ing life insurance provides the best policies and service is awesome. I buy traditional insurance plan from them. Service is fast with good response from the staff members. Policy coverage and claims are high. Good plan for investment which reduces taxes.

July 19, 2016

Manageable Policy

I have term insurance policy, the policy has many benefits which comes in low investments. The plan has easy renewals and updates are simple to visit on websites, good facility provided by exide life insurance. Service is fantastic which is facilitate by the executives.

July 19, 2016

Future Savings

I'm now tension free for the future time because i had pension plan which comes in less premiums. The exide life is the best which facilitate quick service and behaviour of the all staff is nice. Policy coverage and claims are high.

July 19, 2016

Coverage Is Good

I purchase child insurance plan form exide insurance. The policy coverage is high ~89% and the claims are easily sanctioned. Service is fast given by the staff of the insurance company. Policy premium is less and daily updates of the plan can be seen on time website.

July 08, 2016

Traditional Plan

My traditional insurance plan is nice with some good benefits like policy cover maximum scenarios and claims are high which is easily cleared because of quick service given by company members. Premium is less and returns are many. Online service is also simple and easy to operate.

July 08, 2016

term plan

My term insurance policy is fantastic with low premiums. Policy coverage is maximum and claims are good. Service is quick and because of this the claiming become simple and sanctioned easily. The updates and renewal of the policy is can be done by the online portal service which is simple to operate.

July 08, 2016

Pension Plan

In this time the pension plan is very important because upcoming time is more costly. The premium of my policy is less but the returns are high. Service provided is fantastic provided by the company. Future secure with this policy, it cover maximum cases.

July 08, 2016

Child Insurance Plan

The child insurance plan which i purchase for my child is good and premium is less. Policy coverage is maximum and claims are easy to sanction. Service given by the staff members is fabulous and online service is even better. Update are mailed to me time to time.

June 30, 2016

Excellent service

My colleague show his insurance policy it was quite good actually. I buy it in very low investment. The ulip insurance plan of mine is really very nice. Terms and conditions of the policy is very flexible. Service is very nice and good response from your side.

June 30, 2016

Coverage Is High

The exide life insurance is very good company and i took ulip insurance plan from them. Service of the company is perfect and the internet service is also nice with easy interface. The renewal of the policy is easily done on the internet.

June 30, 2016


Policy i purchase is ulip insurance plan and it has many advantages. Policy coverage is good and premium is low of the insurance. Good response of the staff of the company and behaviour is nice. The policy has health claims too.

June 30, 2016

Best Plan

i have the ulip plan policy which has low premiums and good returns. Policy has good coverage too with awesome claims which can be easily sanctioned. Service is very fast and good response through your executives and staff f your company.

June 28, 2016

Good Response

The exide life ulip insurance plan i have is normal one but the some benefits are really very nice like premium is low and the returns are high. Service is bit slow but the internet website of yours is awesome, easy to access and everybody can operate it easily.

June 28, 2016

Average Policy

My father advice me to look this policy and after seeing the plan, I purchase the ulip insurance policy. The service is so good and the customer care service is always working like 24X7. Policy coverage and claims are high and premium are less. Good returns in less investment.

June 28, 2016


The traditional insurance plan I have is good insurance policy in many ways like the policy has low premiums. Service is good but the internet service is fantastic which allow the user to renew the policy and more many works. This service reduces paperwork. Hassle free documentations for claims and more.

June 28, 2016

Fair Policy

The term insurance policy I have is normal plan which fine terms and conditions. Service is good and claims are easy to sanctioned. The documentations is hassle free. Policy coverage is high and online portal service is good and easy to operate.

June 28, 2016


The pension plan I purchase few months back is awesome with some fantastic benefits like the payback amount is high in just less investments. Good service is provided by the company. Web services is good and easy to operate. Good future investment.

June 28, 2016


My child insurance plan has good number of m=benefits like low premium and policy coverage is high. The service is fantastic which provided by the company. Good future investment which has good internet portal service which reduces my paperwork. Hassle free documentation.

June 27, 2016

Fantastic Insurance

My ulip policy plan is fantastic. Policy coverage is high and claims are even better. Service you provided is fantastic with good behaviour of the staff members. Updates and renewal of the insurance policy is can be done on the internet.