Prices Increasing soon Prices Increasing Soon

Exide Term Insurance Claim Process

Exide Life Insurance Company Limited began operations as a life insurance provider in 2001-02. It serves more than fifteen lakh clients with insurance products. Exide Life Insurance distributes its products via multiple channels. Besides offering comprehensive term plans, the company also provides a hassle-free claim process for its customers.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

In this article, we will explore different elements of an insurance claim process.

How to File a Claim?

To file a claim, make sure to use one of the following methods:

  • Contact the insurer's toll-Free number or their telephone number mentioned on the website.

  • Contact via email.

  • Send a message to the Claims Department, Exide Life Insurance Company Limited at their address.

  • Register Claim Online at customer service website of Exide life.

  • Find your nearest branch wherever you are in India, close to or in the city where you reside.

  • Send your request for service forms or letters and sign with clearly stating the request details and KYC copies by sending a mail to them.

Check the official website for more information on COVID-19 assistance. After registration, you will receive an acknowledgement. You can utilize the number on your policy for any queries regarding the claim until the claim has been decided.

Documents Required for Natural Death Claim Process

Keep the following documents handy while filing a claim for natural death of the policyholder:

  • Age Proof and Identification Document (with photo) from Life Assured

  • Additional Documents to Support Unnatural and Accidental Mortality

  • Local Authority gives initial Death Certificates

  • Checklist of documents required to settle claims filled out in the Claim Intimation Form

  • Document of identification (with photo) of the Claimant

  • Evidence of Bank account of Claimant (Self-attested Copy of the Bank Passbook or the statement of account of Claimant)

  • Copy of the Medical Birth Certificate Medical Record (Discharge Summary of Death or Discharge, admission notes, test results Notes of consultations with outpatients, etc.)

Additional Documents for Unnatural and Accidental Death

Besides keeping the above-mentioned documents handy, you must also keep additional documents for claiming the policy for unnatural or accidental death of the policyholder:

  • Post Mortem Report duly attested by the relevant officials

  • Judicial Police Station attested copy of the FIR

Turn Around Time as  per IRDAI Death Claims Health Claims
Raising Claim Requirements Within 15 days of claim receiving date Within 15 days from the receiving date of claim
Settlement, Rejection, or Repudiation of claims for which Investigation is not necessary Within 30 days of the date of the receipt of the last needed document Within 30 days of the date of the receipt of the last needed document
Settlement, Rejection as well as Repudiation in which an investigation is necessary The investigation should be concluded no more than 90 days after the date of receipt of the claim notification and the claim must be settled within 30 days following the date of receipt. The investigation should be concluded no more than 30 days after the date of receipt of the final needed document. The claim is required to be paid within 45 days of the date of receipt of the final essential document.
Five things to know before buying Term Plan Five things to know before buying Term Plan

Exclusions in Exide Life Insurance Plans

Here are a few of the essential exclusions in Exide Life Insurance for which no claims will be considered. To see the complete list of exclusions, please read the documents included in your policy kit:

  • Death due to nuclear Contamination the explosive, radioactive, or dangerous character of the nuclear fuel or property that is contaminated with nuclear fuel or any the result of an accident

  • Pre-existing health ailments

  • External Congenital Anomaly is located in the accessible and visible areas of the body.

  • Sexually Transmitted Disease (STD), Acquired Immune Deficiency Syndrome (AIDS), or Human Immunodeficiency Virus (HIV)

  • Inability to seek or follow medical advice with care or seek treatment in reasonable circumstances with any licensed and certified Medical Professional

  • Participating in any professional sport(s) or any risky activities

  • Death due to participation in any military, naval, or air force mission during peacetime

  • Death due to overdose of alcohol or and other drugs, including prescribed drugs for treatment purposes

  • Self-inflicted injuries/death

  • Death due to political conflict, invading, or act of an enemy foreign hostilities (whether the war is declared or not), either armed or non-armed peace, civil war rebellion, mutiny, and insurrection

  • Participation of the insured in any flight activity not as an authentic paying passenger, pilot, and cabin crew member of an airline that is recognized with regular routes and according to an established timetable.

  • Mental illness-related disabilities Post-traumatic stress disorder, chronic fatigue, chronic pain, and fibromyalgia are not considered

Why Buy Term Life Insurance from Policybazaar Why Buy Term Life Insurance from Policybazaar

In Conclusion

Having a term insurance plan can be a crucial tool to safeguard your financial future for your family. Thus it is important to be cognizant of the claim process. Exide term insurance allows the user access to an online, hassle-free settlement of claims.

With a high settlement percentage, the term insurance policies offered by Exide Life Insurance Company Limited provide complete coverage. So select a reliable insurance provider like Exide Life Insurance Company Limited for the fastest and most convenient process.

FAQ's

  • What are the advantages that life insurance provides?

    Life insurance's benefits include:
    • Reduction of tax liability to 1.5 lacs under section 80C. ("Tax benefit is subject to changes in tax laws. Standard T&C apply.)
    • Financial security to your loved ones when you're not there
    • Regular money-back payments when you opt to go with a money-back/endowment program
    • Loans available against a life insurance policy that has a savings component (Endowment Money Back Plan)
  • How much coverage do I need for a term plan?

    The common rule for determining the amount of coverage for your term insurance policy must be at minimum 10-fold your total annual earnings. 
    For instance, a person who earns Rs5 lakh per year must be covered by a term plan of around Rs50 lakh to provide enough support for the family members he leaves behind after his death.
  • Does term insurance qualify for tax-free status?

    You are entitled to tax benefits as high as Rs 1.5 lakhs on your tax-deductible earnings to pay for the cost of your term insurance policies and thereby reduce the tax burden. 
    The money you earn from a term insurance policy following the death of the policy owner is tax-free under Section 10(10D).

Different types of Plans


Premium By Age

Term insurance articles

Recent Articles
Popular Articles
धूम्रपान करने वालों के लिए टर्म इंश्योरेंस

11 Dec 2023

धूम्रपान के
Read more
Long Term Disability Insurance for Income Replacement

08 Dec 2023

Long-term disability insurance for income replacement is a
Read more
Term Insurance for Below Poverty Line (BPL)

07 Dec 2023

In the world of making sure everyone can get important services
Read more
Income Replacement Insurance For Self Employed

07 Dec 2023

Income Replacement Insurance for self-employed is the term
Read more
Edelweiss Tokio Income Replacement Insurance Plan

07 Dec 2023

Edelweiss Tokio Income Replacement Insurance Plan is a
Read more
Best Term Insurance Companies in India 2023
Buying term insurance is a great way to protect your loved ones financially in the unfortunate event of your
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
What Kind Of Deaths Are Not Covered In A Term Insurance Plan
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL