Exide Life Term Insurance Policy Status

What Is an Exide Life Term Plan?

Exide Life Term Edge is a comprehensive plan that covers your life and secures a safe financial future for your family. Unforeseen circumstances are every man's nightmare. The plan promises to help your family maintain their lifestyle in case of your unfortunate demise.

Three different options are available under the Exide Life Term plan at affordable premiums. The plan also offers a return of premium option at policy maturity if the policyholder survives the term. However, premiums to access such features remain slightly higher than the standard.

Exide Life Insurance Company offers multiple online services and facilitates checking the policy status online. With this service, the policyholders can easily know if the policy is active or near the renewal date and similar details.

Note: Now that you know that what is Exide Life Term Plan, you should also get to know about what is term insurance to buy a term plan for your loved ones.

How To Check Your Policy Status?

Checking Exide life term insurance policy status online is a quick process. This service is available for both existing and new customers. You can find the details below to check your Exide Life term insurance policy status.

1. If you are an existing customer

   If you are an existing customer, you can log into your account using a user ID and password to know your policy status. If you do not remember your password or user ID, locate "customer login" on the portal and select "forgot customer ID" or "forgot password." 

   You will be directed to a separate page where you will be required to fill in your policy number and DOB. After submitting, details regarding your policy status will be sent to your registered email or phone.

2. If you are a new customer

   If you are a new customer, you must register yourself at the web portal by entering your policy number and other credentials. Once you are registered, you can use the credentials to check your policy status by logging in to the official portal of Exide life.

   

3. Other services

   1. SMS service:

      You can also check the status of your policy via SMS service. The SMS must be sent in a predetermined format on the official number as mentioned on the website. 

   2. Virtual Assistant:

      The virtual assistant is a chat box where you can chat with the AI and get details of your policy status. For your convenience, you can choose your desired language to chat with the AI. You will be required to input your query in the chat box, and the virtual assistant will guide you accordingly.

   3. Mail:

      You can also mail your query directly to the official email of Exide or send it through the "contact us" or "write to us" section on the official website.

Why Should You Buy Exide Life Term Insurance?

If you're wondering why you should purchase Exide Life Term Edge, here are some reasons:

• The plan offers you three options - classic, step-up, and comprehensive.
  • The entry age for classic and comprehensive is 18 to 60 years, while it is 18 to 58 years for step-up.
  • The premium payment term is usually 12 to 30 years with a minimum sum assured for INR 5 lakhs with classic variant while INR 10 lakhs for step-up and comprehensive variant.
  • The maximum maturity age is from 70 to 75 years.
  • The premium payment mode can be monthly, half-yearly or annual. If you choose the monthly mode, you will have to pay 3 months' premium as a lump sum in advance at the inception. 
• The plan will also allow you to earn up to almost 150% of your premiums paid.
• In addition to the benefits mentioned above, you will be allowed to enhance your cover with the help of add-ons. These riders can be purchased at the inception or later, whichever is convenient for you.

In Conclusion

If you are the sole earning member of your family, financial protection via term insurance can help you maintain peace of mind. Purchasing a life insurance plan is one of the ways to ensure your loved one’s care after your untimely demise. 

A life insurance plan ensures that your family continues to avail a steady income despite your absence. Exide life insurance policy will be like a financial safety net that will protect your family in case of any financial emergency that may occur upon them owing to your absence.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

FAQs