Exide Life Insurance is an old, trusted name in private life insurance, excelling with a customer-first approach and holistic product offering spanning protection and savings solutions. The company was founded as ING Vysya Life Insurance in 2001, which later became a subsidiary before it got renamed Exide Life Insurance after Exide Industries Group acquired the majority stake. In 2022, HDFC Life Insurance received a conversion of its existing stake in Exide Life Insurance into outright equity control making it a wholly owned subsidiary; but the brand and legacy product portfolio continue to service millions of policyholders across India.
By 2026, the full servicing arrangements, claim support and renewal facilities, in respect of customers where policies were written under Exide Life Insurance do continue to be delivered to respective clients but will now enjoy the backing of the large infrastructure at HDFC Life. This article serves as an exhaustive guide to Exide Life Insurance, covering its plans, benefits, premium structures, claim process, and the most commonly asked questions.
History and Background of Exide Life Insurance
Exide Life Insurance has been around for more than two decades. Here is a brief timeline:
| Year | Milestone |
| 2001 | Founded as ING Vysya Life Insurance |
| 2013 | Rebranded as Exide Life Insurance after Exide Industries acquired 50%+ stake |
| 2014 | Exide Industries becomes the majority stakeholder |
| 2022 | HDFC Life acquires Exide Life Insurance in a landmark deal |
| 2023–2026 | Existing Exide Life Insurance policyholders continue with full servicing under HDFC Life |
HDFC Life’s acquisition has bolstered the overall claim settlement ratio, customer service abilities and digital continuum of policies that had previously been underwritten under Exide Life Insurance brand.
Types of Plans Offered by Exide Life Insurance
Exide Life Insurance offered a variety of insurance oriented products to individuals, families and businesses. These include:
1. Term Insurance Plans
Exide Life Insurance Pure Protection plans offer high life cover at low premium. These are perfect for anyone who is responsible for providing for their family.
2. Savings & Endowment Plans
Exide Life Insurance savings plans are a peerless blend of life insurance and corpus build-up over the long term via guaranteed maturity benefits plus annual bonuses.
3. ULIP (Unit Linked Insurance Plans)
Exide Life Insurance offers market-linked products through which policyholders can invest in equity, debt or balanced funds with a life cover component.
4. Retirement & Pension Plans
Exide Life Insurance retirement plans assists individuals build a regular income after they retire related to an annuity or pension structure.
5. Child Plans
Exide Life Insurance child plans are goal-based savings with a life cover wrapper to keep your child’s future milestones education and marriage secured.
6. Whole Life Plans
Exide Life Insurance whole life plans cover you up to 100 years of life, meaning that your family is never without protection.
Read Also:- United India Insurance | Max Life Insurance | Policy Bazaar
Key Features and Benefits of Exide Life Insurance
Exide Life Insurance policy provides many customer-friendly features:
- High Claim Settlement Ratio: Exide Life Insurance had a history of settling more than 96% of claims every year before the merger with HDFC Life, indicating a strong commitment to policyholders.
- Flexible Premium Payment Terms Exide Life Insurance provides single, limited or regular premium payment.
- Bonus Any addition in earned bonuses per sum assured would be paid as reversionary and terminal bonuses, which can increase the maturity amount from participating plans under Exide Life Insurance.
- Exide Life Insurance Plans have rider options to expand the base cover like critical illness, accidental death and waiver of premium option.
- Tax Benefits: The premiums paid for Exide Life Insurance policies are eligible for deduction under Section 80C of the Income Tax Act, while maturity proceeds qualify under Section 10(10D).
- Grace Period: The grace period available in Exide Life Insurance is 30 days for all annual/semi-annual/quarterly premium payment modes and 15 days for the monthly mode.
Exide Life Insurance Premium Overview (Sample Table)
The table below shows indicative annual premiums based on a term plan first sold under the Exide Life Insurance brand:
| Age (Years) | Sum Assured | Annual Premium (Approx.) | Policy Term |
| 25 | ₹50 Lakhs | ₹6,500 – ₹8,000 | 30 Years |
| 30 | ₹50 Lakhs | ₹7,800 – ₹9,500 | 25 Years |
| 35 | ₹50 Lakhs | ₹10,500 – ₹13,000 | 20 Years |
| 40 | ₹50 Lakhs | ₹15,000 – ₹18,500 | 15 Years |
| 45 | ₹1 Crore | ₹28,000 – ₹35,000 | 15 Years |
Disclaimer: Premiums are only indicative and co-relate to underwriting, lifestyle considerations and related GST.
Exide Life Insurance Claim Settlement Process
Note: Exide Life Insurance is now serviced by HDFC Life and the procedure for filing a claim will be similar.
- Step 1 – Intimation: The claimant (Nominee or Policyholder) must raise a claim at the closest Exide Life Insurance / HDFC Life branch office or online immediately after the occurrence of an insured event.
- Step 2 – Documents Submission: You should submit the necessary documents such as the original policy bond, a filled claim form, death certificate (in case of death claims), hospital records (for health claims) and KYC documents of nominee.
- Step 3 – Verification: All the documents submitted are verified by the claims team of Exide Life Insurance/HDFC Life and more field investigation is done if required.
- Step 4 – Decision on Claim: After verification you approve or query a claim. The turnaround time does vary but is usually 7–30 working days for an Exide Life Insurance death claim.
- Step 5 – Payment: After the number is approved, a fund amount automatically gets credited to the nominee’s linked bank account.
Exide Life Insurance Customer Service & Contact Details
| Service Channel | Details |
| Toll-Free Number | 1800-419-8228 (HDFC Life, for Exide Life policyholders) |
| Email Support | service@hdfclife.com |
| Branch Network | 200+ cities across India |
| Online Portal | www.hdfclife.com (Exide Life policies accessible here) |
| WhatsApp Service | Available via HDFC Life WhatsApp connect |
You can also log in to the HDFC Life portal using your policy number if you are an existing Exide Life Insurance policyholder, and check details of your policies, premium payments or claims.
Exide Life Insurance vs Competitors (2026 Comparison)
| Feature | Exide Life Insurance (via HDFC Life) | LIC of India | SBI Life Insurance |
| Claim Settlement Ratio | ~99.5% (HDFC Life, 2024–25) | ~98.5% | ~97.3% |
| Policy Servicing | Digital + Branch | Branch Heavy | Digital + Branch |
| Product Range | Wide (Term, ULIP, Savings) | Extensive | Wide |
| Premium Competitiveness | Moderate–High | Moderate | Moderate |
| Brand Heritage | 20+ years | 60+ years | 25+ years |
Read Also:- PNB HRMS | New India Assurance | MEDISEP
Why Exide Life Insurance Policyholders Are in Safe Hands in 2026
It has been a smooth transition of Exide Life Insurance into HDFC Life for existing customers. The Insurance Regulatory and Development Authority of India (IRDAI) closely oversaw the merger process to do away with any interruption in policyholder benefits. As of 2026:
- Your all Exide Life Insurance policies are still in coverage and valid.
- The terms of the policy, the sum assured, bonus structure remain unchanged.
- HDFC Life holds the advantage of a wider digital ecosystem for the policyholders of Exide Life Insurance.
- You do not have to do any KYC again or re-enrollment as Exide life insurance customer.
- Premium payment option for every Exide Life Insurance scheme can now be executed via HDFC Life’s app or website.
Important Tax Benefits Under Exide Life Insurance
The various tax-perfect clauses available on Exide Life Insurance plans are:
| Tax Section | Benefit |
| Section 80C | Premium up to ₹1.5 lakh deductible from taxable income |
| Section 10(10D) | Maturity/death proceeds exempt from tax (subject to conditions) |
| Section 80CCC | Pension plan premiums qualify for deduction |
| Section 80D | Health rider premiums qualify for additional deduction |
Due to these benefits, Exide Life Insurance plans not only act as protection instruments but also serve the purpose of tax-saving tools.
You can also explore the latest insurance updates and policy-related information at Corporate Insurance Policy.
FAQs
Q1. Is Exide Life Insurance still active in 2026?
Yes. Note that while Exide Life Insurance has been a subsidiary of HDFC Life since 2022, any previously active policies under Exide Life Insurance continue to be serviced fully and remain active. HDFC Life continues to serve its policyholders with IRDAI regulated premiums, bonuses and claim servicing help through HDFCLife’s network.
Q2. How can I pay my Exide Life Insurance premium in 2026?
They can also pay Exide Life Insurance premiums on the HDFC Life website, mobile app, net banking, UPI or by walking into any HDFC Life office. Your existing Exide Life Insurance policy number still holds good for any transactions.
Q3. What documents are required to file a death claim under Exide Life Insurance?
Documents Required to File a Death Claim Under Exide Life Insurance :Original policy documentDeath certificate issued by the municipalityClaimant statementNominee KYC (Aadhaar, PAN)Nominee bank account details A report from a hospital is required when the death occurs because of an accident or illness.
Q4. Will my Exide Life Insurance bonus be affected after the HDFC Life merger?
No. Exide Life Insurance has filed its participatory plans that continued to be unaffected for the bonuses declared under the pre-merger bonus structure. HDFC Life will fulfil its any obligations with respect to in-force policies under Exide Life Insurance brand
Q5. Can I surrender my Exide Life Insurance policy before maturity?
Yes, Exide Life Insurance plans do surrender value after payment of premiums for a minimum of 3 years (this varies by traditional plan). In this case, the surrender amount varies according to your policy type, premium payments made, and length of time you have had it. Always check with HDFC Life before surrendering any such policy.
Q6. Is the maturity amount from Exide Life Insurance taxable?
Except in some situations, Exide Life Insurance plans come with maturity amount that is fully exempt from tax as per Section 10(10D) of the Income Tax Act, given that annual premium does not exceed 10% of the sum assured (for policies issued post-April 2012). Your tax adviser is your best resource for case-specific guidance.
Conclusion
Exide Life Insurance is a name you can trust, and operating in the life insurance industry for the past two decades in India. Under HDFC Life the Exide Life insurance policyholders get both worlds combined together – The continuity of their benefits under original plans & enhanced digital infrastructure, wider branch network and financial strength available with one of India’s largest private insurers. Be it an Exide Life Insurance existing customer or someone searching online for the features, benefits and claim process of Exide Life Insurance in 2026.
