Name: Term Insurance Plan with return of premium | Exide Life Smart Term Pro
Brand: Exide Life Insurance
Rating: 3.8 (100 reviews)

What is Exide Life Smart Term Pro?

It is a term insurance plan that offers comprehensive life insurance with 100% return of premiums. The plan allows you to complete your premium payment within a short span of 5,8,10 or 12 years while enjoying life cover for the complete policy term. The plan allows a life cover upto 80 years.

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Key reasons to buy this plan

Who should buy ?

If you are looking for a life insurance cover to financially protect your family and also receive return of premiums on completion of policy term, then this plan is suitable for you.

I'm Interested

Life Insurance Cover for full policy term+ -

In case of unfortunate demise of the life assured during the policy term, Sum Assured on Death is paid as per the death benefit payout option selected.

Sum Assured on Death = higher of (7 times the Annualized Premium or Basic Sum Assured or 105% of Total Premiums Paid.)

Return of total premiums on maturity+ -

You pay premiums for the chosen premium payment term and on completion of the policy term, 100% of the total premiums paid is returned to you.

Option to pay premiums for a shorter duration+ -

The plan offers the flexibility to pay premiums for a shorter duration while providing life insurance cover for full policy term. You can choose to pay premiums for 5, 8, 10 or 12 years.

Option of Family Income Payout for 5 or 10 years + -

At the time of policy inception, you can choose how your family should receive the death benefit in case of an unfortunate event – in a single lump sum, as monthly income, or as a combination of both. There are 3 flexible payout options available to choose from:

Payout Option	How is the Payout made?
Option A: Lump Sum Payout	100 % of sum assured on death is paid in a single lump sum payout
Option B: Lump Sum with Family Income Payout	50% of sum assured on death is paid as lump sum and 0.95% of sum assured on death is paid at the end of every month for 60 months (5 years)
Option C: Family Income Payout	1.07% of sum assured on death is paid at the end of every month for 120 months (10 Years)

Enhanced Protection through Riders+ -

You can get enhanced protection cover by adding Riders at nominal additional premium. Following riders are available with this Plan:

Exide Life Accidental Death, Disability and Dismemberment Rider
Exide Life Critical Illness (4) Regular Pay/ Exide Life Critical Illness (25) Regular Pay

Vishal, a 35 year old employee in a private company wants to ensure his family remains financially protected. He chooses Exide Life Smart Term Pro with life cover of ₹ 1.3 Cr and policy term of 25 years.

*Guaranteed Return is paid on survival at the end of the policy term, provided all due premiums are paid during the premium payment term.

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

Product Features	Premium Paying Term (PPT)
Product Features	5 Pay	8 Pay	10 Pay	12 Pay
Entry Age (years)	18 to 60	18 to 60	18 to 60	18 to 60
Policy Term (years)	15 to 40	15 to 40	15 to 40	15 to 40
Minimum Sum Assured (INR)	50 lacs	15 lacs	15 lacs	15 lacs
Maximum Sum Assured (INR)	As per the Board Approved Underwriting policy of the company
Maximum Maturity Age	80 years
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.

Product Brochure + -

Exide Life Smart Term Pro

Terms & Conditions + -

Exide Life Smart Term Pro

About This Plan