Exide Life Insurance

With Pazcare employers can provide their employees with a group term life insurance policy from Exide Life Insurance company. You can get the best quotes for the Exide Life group term insurance policy and manage the policy using Pazcare’s tech-enabled dashboard. With easy HRMS integration, endorsement of future employees will be a seamless process. 

How to buy Exide Life group term life insurance from Pazcare?

These simple steps allow you to purchase Exide Life group term life insurance policy online from Pazcare.

Step 1: Visit https://www.pazcare.com/, click on the products drop-down and choose group term life insurance.

Step 2: You will be prompted to fill a form with details like your name, phone number, work email address, and the number of employees you wish to purchase Exide Life group term life insurance.

Step 3: Once you submit this form, one of our insurance consultants will get back to you to understand your policy requirements. We will also ask for the active employee data like the employee ID, the CTC, the designation, etc. to give you quotes.

Step 4: Once the data is submitted, we will get back to you with the best quotes for the group term life insurance policy from the Exide Life insurance company.

Step 5: You can accept the terms and conditions of the policy and pay the premium quoted for that year. The policy gets activated immediately after the payment is done.

Step 6: Our team will help you with the whole process and also take you through the Pazcare dashboard where you can manage the Exide Life group term life insurance policy.

For further information, write to us at support@getpaz.com or call our customer care at +91 78291 11300. Alternatively, connect with us on Whatsapp using the number +91 81973 79596.

Exide Life insurance company plans

The Exide Life insurance company offers two types of group term life insurance. Both are listed below for your perusal - 

1. Exide Life group term life insurance - The Exide Life group term life insurance has been specially designed for employers to offer a comprehensive package to their employees. The minimum entry age is 18 years and the maximum is 79 years. The premium payment method has 4 options for the employers i.e. annual, half-yearly, quarterly, and monthly.
2. Exide Life group micro term insurance - The Exide Life group micro term insurance is specially curated for microfinance institutions. The maximum sum assured can reach up to Rs. 2,00,000 per member. Additionally, this cover also gives an option to include spouses at an affordable premium cost. 

Exide Life group term life insurance renewal

The Exide Life group term life insurance can be renewed easily with Pazcare at the end of the policy term. Here is how you can renew your group term life insurance policy.

Step 1: Get in touch with Pazcare. Submit the form containing the necessary details like your name, name of the company, number of employees you wish to insure, work email address, and phone number.

Step 2: Once the submission is done, our life insurance consultants will get in touch with you and request you to share the following documents.

• Active data of the employees - name, age, gender, designation, CTC, Covid status and vaccination report, etc
• Claim history of the last 3 years along with the reason for the death of the employees (if any)
• Policy copy

Step 3: After submitting these details you can choose any additional riders to the policy at your convenience. Once you decide the same, we will get back to you with the best quotes for your Exide Life group term life insurance policy.

Step 4: The next step is to acknowledge the terms and conditions of the policy and pay the premium for your Exide Life group term life insurance policy. 

Step 5: The policy gets activated immediately after paying the premium. Our team will guide you through the whole process and help you with the onboarding process too. 

We make sure that your Exide Life group term life insurance experience will be seamless using our Pazcare dashboard. Your employees can access their policy using Pazcare’s employee app which is available on both the app store and the play store.

Exide Life insurance company claim settlement ratio

The claim settlement ratio is the percentage of the claims settled by an insurer during a particular financial year. Hence, the higher the claim settlement ratio, the better chances of the claims getting settled. 

In the financial year 2021-22, the claim settlement ratio of Exide Life insurance company is 98.54%.

Exide Life group term life insurance premium

The Exide Life group term life insurance premium depends on various factors like

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