Name: Individual Life Term Insurance Plan - Exide Life Smart Term Edge
Brand: Exide Life Insurance
Rating: 3.8 (100 reviews)

What is Exide Life Smart Term Edge?

It is a unique Term Insurance plan, which provides comprehensive protection cover and helps you ensure a secured future for your family. This plan offers 3 different plan options to meet the desired protection cover requirement and also returns the premiums paid by you on completion of policy term. What’s more, the plan provides life cover at a nominal premium too.

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Key reasons to buy this plan

Who should buy ?

This plan is suitable to you, if you are looking for a life insurance cover for protecting your family and also receive return of premiums on policy maturity.

I'm Interested

3 plan options to suit your protection needs+ -

You can choose from 3 plan options to suit the desired protection

A. Classic : Protection with return of premium

Under this option, you pay for a chosen death benefit. In the event of demise, the chosen Death Benefit is paid to your nominee. In case of survival till the end of policy term an amount equal to 100% of total premiums paid by you is returned.

b. Step-up : Protection with higher return of premium

Under this option, you pay for a chosen Death Benefit in the event of demise, the chosen Death Benefit is paid to your nominee. In case of survival till the end of policy term an amount up to 150% of Total Premiums paid by you is returned. This payout depends on the policy term chosen by you (See Table below).

Policy Term (Years)	12 - 14 Years	15 - 19 Years	20 - 24 Years	25 - 29 Years	30 Years
Propotion of total premiums paid	110%	120%	130%	140%	150%

c. Comprehensive : Enhanced protection with return of premium

Under this option, you choose a Death Benefit under Classic variant for which you pay over the chosen policy term. In addition, increase the Death Benefit by paying additional premium that is for Extra Protection. In the event of demise, the total Death Benefit chosen under the Classic variant plus the additional Death Benefit is paid to your nominee.

In case of survival till the end of policy term, an amount equal to 100% of total premiums paid by you under Classic variant is returned to you.

Under this plan you have to choose the option at policy inception. Once chosen, option cannot be changed during the policy term.

Enhanced Protection Through Riders + -

You can enhance the overall protection by adding riders at a nominal additional premium. You can choose from the following riders:

Exide Life Accidental Death, Disability and Dismemberment Rider give you protection not only in case of any eventuality caused by an accident, but also in case of accidental disability or dismemberment.
Exide Life Critical Illness Rider gives you an option to cover up to 25 critical illnesses like Heart Attack, Cancer, Paralysis, etc. It pays a lump sum benefit equal to rider sum assured in case the life assured is diagnosed with any of these illnesses.

Save Tax + -

Policyholder may be eligible for the following tax benefits as per prevailing tax laws:

On the premiums paid^*
On the maturity proceeds of the policy^*
On the premium paid towards riders^*, if any

^*The aforesaid tax benefits are subject to change in tax laws. We therefore urge you to carefully analyze in consultation with your tax advisor the tax benefits/tax implications, if any that may arise on investing in this policy.

Illustration 1 – Classic Variant

Rohit, a 35-year-old businessman chooses to avail protection cover through Exide Life Smart Term Edge - Classic variant. He chooses Rs 50 Lakhs death benefit for a term of 30 years.

Smart term plus how this plan works

*Premium mentioned is exclusive of GST. Premium is illustrated for a Male aged 35 years, Non-smoker & Tele-Medical category.

Illustration 2 – Step- Up Variant

Rahul, a 35-year-old provision store owner chooses to avail protection cover through Exide Life Smart Term Edge – Step-up variant. He chooses Rs 50 Lakhs death benefit for a policy term of 30 years.

Smart term plus how this plan works

*Premium mentioned is exclusive of GST. Premium is illustrated for a Male aged 35years, non-smoker & Tele-medical category. Return of premium calculated @ 150% of premiums paid for the policy term of 30 years.

Illustration 3 – Comprehensive Variant

Nikhil, a 35-year old Businessman chooses to avail protection cover through Exide Life Smart Term Edge-Comprehensive variant. He chooses death benefit under the classic variant of Rs 10 Lakhs and Rs 90 Lakhs under Extra Protection cover for 30 years.

Smart term plus how this plan works

*Premium mentioned is exclusive of GST, Premium is illustrated for a Male aged of 35 years, non- smoker and Tele-Medical category. Premium for under the classic variant=Rs 5,951 p.a & Extra Protection= Rs 16,777 p.a. In case of survival till the end of the policy term premium paid towards classic variant is returned (Rs. 5,951 * 30 years = Rs 1,78,530)

Product Features
Product Features	Classic	Step-up	Comprehensive
Entry Age (years)	18 to 60	18 to 58	18 to 60
Premium Payment Term/ Policy Term (Years)**	12 to 30	12 to 30	12 to 30
Minimum Sum Assured (INR)	5 lacs	10 lacs	10 lacs
Maximum Sum Assured	As per the Board Approved Underwriting Policy of the Company
Maximum Maturity Age (Years)	75	70	75
Premium Paying Mode	Monthly^*, Half Yearly and Annual

*For monthly mode: 3 Monthly premiums are collected in advance on the date of commencement of the policy.** Premium payment term and policy term is same in this product.

Product Brochure + -

Exide Life Smart Term Edge

Terms & Conditions + -

Exide Life Smart Term Edge

About This Plan