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How To Redeem Exide Life Insurance Policy?

To redeem your Exide Life Insurance policy, you can follow these general steps:

  • Contact Exide Life Insurance customer service: Reach out to the customer service department of Exide Life Insurance. You can find their contact information on their official website or any policy-related documents.
  • Consult with a customer service representative: Explain your intention to redeem your policy and ask for guidance on the specific process and requirements. The representative will provide you with the necessary information and assistance.
  • Understand the policy terms and conditions: Review the terms and conditions of your life insurance policy to understand the redemption options, applicable charges, and any potential surrender value.
  • Gather required documents: Prepare the documents needed for policy redemption. These typically include your policy documents, identification proof (such as an Aadhaar card, PAN card, or passport), and any other documents specified by Exide Life Insurance.
  • Complete the necessary forms: Exide Life Insurance will provide you with the relevant forms for policy redemption. Fill out the forms accurately and provide all the requested details.
  • Submit forms and documents: Once you have completed the forms and gathered the required documents, submit them to the designated Exide Life Insurance office or as instructed by the customer service representative. Retain copies of the documents for your records.
  • Wait for processing: Exide Life Insurance will process your policy redemption request. The processing time may vary, so it's advisable to inquire about the expected timeline with the customer service representative.
  • Receive the redemption amount: After your policy redemption is approved and processed, you will receive the redemption amount.

Can I Cancel My Exide Life Insurance Policy within 15 Days?

Exide Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.

How to Know the Fund Value of Exide Life Insurance?

To determine the fund value of Exide life insurance, you'll need to follow the below steps.

  • The first step is to review your life insurance policy documents. The fund value is typically mentioned in statements or reports provided by the insurance company.
  • If you can't find the information in your policy documents, visit Exide Life Insurance Company's official website to know your fund value.
  • Then click on the customer login portal under the Login button. Enter your details such as policy number, mobile number and date of birth to log in to your account.
  • Once logged in, you will be directed to your account dashboard.  Within the policy details section, you may find the fund value, premium payments, and other details online.
  • If you have any difficulties in locating the fund value online, you can reach out to the life insurer’s customer support. They will be able to assist you in retrieving the fund value.

How to Check Exide Life Insurance Policy Surrender Value?

To check the surrender value of an Exide life insurance policy, you can follow the below steps:

  • Contact the Insurance Company: Reach out to the customer service department of Exide Life Insurance Company and provide your policy details, including the policy number, your name, and any other information. Then customer service representative will tell you about the surrender value details.
  • Check Policy Documents: Review your policy documents, as they may also contain information about the surrender value and the process for surrendering the policy. The surrender value is often explained in the policy terms and conditions.
  • Online Account Access: If you have an online account with Exide Life Insurance Company, log in to the official website. Check if they provide access to policy-related information, including the surrender value.

How Much is Exide Life Insurance Price Right Now?

The premium price of Exide life insurance can vary based on several factors such as the type of policy, coverage amount, age, health condition, lifestyle, and other individual factors. To get the price of an Exide life insurance policy, use the online premium calculator tool at insures website or the PolicyBachat website. In this comparison tool, all you need to do is provide personalized information based on your specific needs and circumstances. By comparing quotes online you can easily get the life insurance price right now.

What is the Surrender Value of Exide Life Insurance Policy?

The surrender value of the Exide life insurance policy is the amount that the policyholder is entitled to receive from the Exide Life Insurance Company if they choose to surrender or terminate their policy before its maturity or before the insured event (such as the death of the insured) occurs. The surrender value calculation is subject to certain rules and regulations set by the IRDAI and it varies based on the type of life insurance policy and its terms and conditions.

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