Exide Smart Term Pro

51 Partners Insurance Partners
10.5 Crore Registered Consumer
5.3 Crore Policies Sold
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₹1 Crore Life cover starting from ₹478/month+
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Term Insurance
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  • Life cover for full policy term 
  • Return of total premiums on maturity 
  • Option to pay premiums for 5, 8, 10 or 12 years only 
  • Option for Family Income Payout for 5 or 10 years

Product Features

Premium Paying Term (PPT)

5 Pay 

8 Pay 

10 Pay  12 Pay

Entry Age (years)

18-60 

18-60 

18-60  18-60 

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

As per the Board Approved Underwriting policy of the company

As per the Board Approved Underwriting policy of the company As per the Board Approved Underwriting policy of the company

Maximum Maturity Age

Age 80 years

Age 80 years

Age 80 years Age 80 years

Premium Paying Mode

Mode Monthly and Annual

Mode Monthly and Annual

Mode Monthly and Annual Mode Monthly and Annual

Eligibility for Exide Life Smart Term Pro

Eligibility criteria under the plan are:

Age of Entry: 18 to 60 years

Age of Maturity: 80 years

What are the Documents Required to Buy this Policy?

To buy the plan, the applicant needs to furnish the following documents:

  • Proof of Age
  • Proof of residence
  • Income proof
  • Recent passport-sized photographs
  • Medical reports

The insurance company may require the policy owner to furnish more documents upon their discretion.

How to Buy this Plan Online?

Exide Smart term pro plan can be bought online as well as offline:

To buy the plan online:

Step 1: Visit the official website of Policybazaar.

Step 2: Fill in the requirements, and as per the coverage, a plan will be suggested.

Step 3: Fill in other details like premium rate and term, riders, etc.

Step 4: Pay using their debit/credit card or net banking, and the policy will commence.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

FAQs

  • Q1. What is the claim process under the policy?

    Ans: A claim can be filed in case of death, accidental death, dismemberment, or disability of the nominees' policyholder. The life insured, their nominees or representatives can report a death claim. The steps for the same are as below:
    • The first step is filling out the claim form online or in person. However, the documents need to be submitted in person at any Exide Life Insurance branch or central office.
    • The claim processing involves all documents related to the policy and others as may be needed by the insurance company.
    • Once the claim is evaluated, the company proceeds with claim settlement, and the life insured/their nominee will receive the pay-out.
  • Q2. How is the rate of premium determined?

    Ans: The rate of premium depends on factors like age at entry and lifestyle habits. This plan also provides a lower rate of premium for women due to their increased life expectancy. However, another major factor is the sum assured and premium payment years that the policyholder has decided. Individuals looking to find out an approximate price can visit the website and check the premium rate by Exide Smart Term Plus Calculator for a better understanding.
  • Q3. What is the Grace period allowed under the policy?

    Ans: Under the policy, the grace period is 15 days for a premium every month and 30 days in all other cases.
  • Q4. What are the rider benefits under the plan?

    Ans: The riders available under the plan are critical illness and accidental death, disability and dismemberment benefits,

    Critical illness benefit rider protects the life insured against the medical expenses incurred on the treatment of life-threatening diseases like heart attack, cancer, kidney failure, paralysis, etc.

    With the accidental death, disability, and dismemberment rider, the nominee gets the full sum assured as an accidental death benefit in case of their death due to an accident. In case of disability or dismemberment, the life insured receives a part of the sum assured.

  • Q5. What are the reduced paid-up benefits under the policy?

    Ans: If 2 years of premium have been paid and the is not surrendered, the policy attains the status of reduced paid-up upon the expiry of the grace period. Once the plan attains the status of reduced paid-up, its value is:

    Total premiums paid ÷ Total premiums payable, and the result should be multiplied by the sum assured on death.

    This is the reduced paid-up value, and it remains the same until the policy is revived/reinstated.

  • Q6. Can the policy be revived upon non-payment of premium?

    Ans: The plan can be revived within 5 years from the date of the first unpaid premium. However, the policyholder has to submit proof of continued insurability and pay all the due premiums along with interest incurred for such a delay. It is the sole decision of the insurer henceforth to revive or reinstate the policy.
  • Q7. What is the procedure for surrendering policy?

    Ans: The life insured can surrender his/her policy any time after the completion of the lock-in period. Once the lock-in period is complete, policyholders have to submit the following documents:
    • Surrender Form
    • Policy document
    • Copy of photo identity proof of the life insured.
    • Cancelled cheque of the account they want to surrender policy with

    Once the life insured intimates the insurance company's surrender request and submits all relevant documents, Exide Life Insurance will take 15 days to process the request.

Premium By Age

˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

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