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Exide Life Insurance Online Payment

Policyholders who have bought an insurance policy from Exide Life Insurance Co. Ltd. need to make their payments for the benefits they may have received. To reduce the risk of a policy being lapsed, policyholders must be mindful of the importance of paying premiums on time, whether online or offline.

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One of the most critical aspects of using the insurer's services is paying the premiums. This premium is paid on a variety of schedules, including annually, semi-annually, and quarterly. Exide Life Insurance calculates premiums based on factors such as age, type of job, medical conditions, policy name, and so on. Exide Life Insurance Online Payments can be made online or in person. Policyholders can pay their premiums online using various online payment methods. On the other hand, offline mode necessitates a trip to the branch office and payment of the premium in cash.

Benefits of Exide life Insurance Online Payment

Exide Life Insurance Online Payment offers the following significant advantages.

  • Easy Process- The online payment process is fast and straightforward. It saves time by eliminating the need to wait in lines to make a payment. Furthermore, processing takes just a few seconds.

  • 24x7 Services: Policyholders can approve and make purchases 24 hours a day, seven days a week since the internet is accessible everywhere and anytime.

  • No Charge- When you pay via the official website or the mobile app, the service is completely free. There are no service fees associated with using net banking. Exide life insurance policies provide comprehensive coverage at low rates, making them a popular option for many people.

Steps to Pay Exide Life Premiums Online

Exide Life Insurance online payment enables policyholders to pay their premiums online simply and conveniently. Premiums can be paid in various ways, including credit or debit cards, Net Banking, UPI, and Bill Pay, digital wallets, and various offline and automatic payment options.

The steps to make a premium payment online are mentioned below:

  • visit Exide life insurance official website

  • Select ‘Pay Premium’ from the drop-down menu.

  • Fill in the ‘Policy Information’ area.

  • Confirm the policy and premium details.

  • Make the payment through any preferred method.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Modes of Payment

The policyholders may pay their premiums in a variety of ways that are mentioned below:

  1. Online Payment

    Customers can use ‘My Account’ to make an online payment. They can log into the My Account section of the insurer's website. Policyholders can access their insurance policies online using the My Account feature. Customers may log in to their current accounts or create new ones, then complete the payment process. They can pay the premium through Net Banking, Credit Card, Debit Card, Wallets, and other online payment methods.

  2. Net Banking

    Customers can set up auto-debit on their bank account by having a Standing Instruction (SI) and paying premiums through their net banking account through e-NACH Automated Payments. They have to fill out the e-NACH form and send it along with a cancelled check to Exide Life Insurance Co. Ltd. headquarter. They can then set up automatic payments.

  3. Standing Instructions for Auto Payment

    One can pick the Standing Instruction choice to pay their premiums with their credit card and enjoy the convenience of standardized payments. This service is provided by Fast Pay for 44 banks.

  4. Credit Cards and Debit cards

    For most sectors, credit and debit cards are the de facto default method of accepting online payments.

  5. NEFT

    Policyholders can pay their premiums electronically using the NEFT (National Electronic Fund Transfer) or eCMS services. They must add or register Exide Life Insurance as a beneficiary in their net banking account to do so. This will ensure that premium payments are made regularly through Net banking/RTGS eCollect.

  6. Tech Process Solution Ltd. (Franchisee)

    TechProcess, established in 2000, is a leading online and mobile payment services provider. It helps the policyholder choose the date from which their premium payment will be debited from their bank account. To use this service, policyholders must bring a cancelled check and the Auto Debit Mandate to an Exide Life branch.

  7. Pay Via Direct Debit

    In a nutshell, a Direct Debit is an order to one’s bank from the customer that authorizes their company to withdraw funds directly from their account when payment is due. It is generally less expensive than card payments and needs less accounting and payment administration.

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Online vs. Offline Payments

One can pay premiums in two ways: online and offline. Customers must visit their nearest branch office and pay the sum in cash, check, or demand draft if they are paying offline. On the other hand, online mode involves payment through net banking, debit card, credit card, e-wallets, and other methods.

The only hurdle of paying premiums offline is- chances are higher that you’ll have to wait for hours in a long queue for paying your premium, which is tiresome. Furthermore, offline payment centers are not available 24 hours a day, seven days a week, and users must access them at specific times.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Information Required for Online Payment

The following details are required for initiating Excide Life Insurance online payment:

  • Provide a valid and accurate cell phone number and email address.

  • The receipt will be emailed to your email address, and the policyholder must pay the fee electronically.

  • There should be no involvement from a third party.

  • If the premium amount is deducted from your bank account, but an error page appears, you will send a receipt to your email address three working days after receiving the payment.

  • If you're retrying, make sure your bank account/card hasn't already been debited/charged with the balance of the previous transaction.

  • If your account has been debited or paid, do not pay again.

  • Wait three days for the insurer to mail you the receipt.

  • The online portal will accept the cards issued by domestic banks.

  • Bank Cards from other countries will not be allowed.


  • What is the procedure for renewing a current Exide Life Insurance policy?

    A1: You can renew your policy either online or offline, depending on your preferences. To renew your policy online, go to the renewal page on insurer’s official website, enter the appropriate policy information such as your name and policy number, and then pay the fee to renew your policy. To complete the offline process, go to any Exide Life Insurance branch and pay your premium.
  • What is Exide Life Insurance's customer service phone number?

    A2: Policyholders can call 1800-419-8228 or +91-8041345444 from any mobile network using their registered mobile number.
  • How to apply to make a maturity claim?

    A3: To assert the maturity value, you must apply the policy bond, identification evidence, and bank account information at the time of maturity.
  • Is it possible for me to take out policy loans?

    A4: Only endowment and money return plans are eligible for policy loans. If your policy has a surrender benefit, you can take out a loan. Loans of up to 90% of the surrender value are permitted under these programs.
  • What is Exide Life Insurance's claim settlement procedure?

    A5: To settle a claim with Exide Life Insurance, you must take the following steps:

    • The insurer can be reached by email, toll-free phone, or in person at any of their locations.
    • To begin the claim process, submit the necessary documents (Policy Document, Death Certificate for Death Claims, Proof of Address and Proof of Identity, and other required proofs to support the claim).
    • If additional documents are needed, the insurer will contact you.
  • Is there a cover for NRIs at Exide Life Insurance?

    A6: Except for the Safal Jeevan Policies, NRIs will apply for most of Exide Life Insurance's insurance plans. Unit Linked Insurance Plans are not available to US residents or nationals.
  • Exide Life Insurance offers a variety of riders. What are they?

    A7: Exide Life Insurance offers two riders to choose from if you want more life insurance:

    • Rider for Exide Life's Accidental Death, Dismemberment and benefits
    • Rider of Exide Life Critical Illness
  • What are the advantages of having a rider?

    A8: The following are some of the advantages of having an Exide Life Term Rider:

    • Get up to two times the amount of life insurance.
    • For a small extra fee, you will get extensive life insurance coverage.
    • Take advantage of Sections 80C and 10 of the Internal Revenue Code (10D).
  • What functionality does the Exide Life Insurance Mobile app have?

    A9: The following are some of the benefits and features of the Exide Life Insurance Mobile app:

    • You will immediately measure your premium and sum guaranteed.
    • Pay for your renewal fee when you're on the move.
    • Various other services are available on the app.
    Calculators for determining financial needs can be found online.

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