Exide Life Smart Future Insurance Plan

Exide Life Smart Future Insurance Plan is a Unit Linked Insurance Plan that yields good returns through market participation and also provides life insurance coverage.

Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners
Grow Your Wealth !
Best Plans with High Returns available on one platform
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Key Features

  • It is a unit linked plan with Regular and Limited Pay premium payment option
  • There are 3 variants under the life cover option – Smart Invest, Smart Family, Smart Kid
  • The life cover variants can be changed in case of marriage or child birth
  • The spouse can also be covered under the plan under joint life option either since inception or during the term under the Life Partner Benefit
  • Under the Automatic Asset Re-balancing strategy, the allocated premium is invested in a pre-determined ratio between the Equity and Debt oriented funds. The ratio is rebalanced every year and the funds are invested majorly in debt oriented funds towards maturity to protect the returns against market fluctuations
  • The following 6 funds are available for investment
  • Exide Life Prime Equity
  • Growth Fund
  • Balanced Fund
  • Secure Fund
  • Exide Life Preserver
  • Exide Life Active Asset Allocation

Benefits

  • Loyalty Additions equal to allocation charges paid during the term are added on death or maturity for premium rates equal to or higher than Rs.96,000
  • The insured will get the Fund Value including top-up Fund Value on Maturity
  • The Maturity Value can be taken partly in lump sum and partly in instalments over a period of 5 years under the Structured Payout Period
  • On death of the policyholder, higher of the Sum Assured including top-up Sum Assured net of partial withdrawals made 24 months prior to death or Fund Value including top-up Fund Value is paid subject to a minimum of 105% of all premiums paid till death under the Smart Invest variant
  • Under the Smart Family variant, death benefit is higher of SA or 105% of premiums paid + Fund Value. The benefit can be availed for single or joint life
  • Under the Smart Kid variant, death benefit is higher of SA or 105% of all premiums paid. All future premiums are waived off and the plan continues
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

Smart Invest – 3 yrs.

Smart Family & Kid – 18 yrs.

Smart Invest -  55 years

Smart Family & Kid – 50 yrs.

Maturity Age (Last Birthday)

-

70 years

Policy Term (PT) in years

15

30

Premium Paying Term (PPT) in years

5 pay, 10 pay or Regular pay

Premium paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

48,000

No limit

Sum Assured

Higher of 10*annual premium or 0.5*term*annual premium for ages<45 yrs. and higher of 7*annual premium or 0.25*term*annual premium for ages>=45 years

Details about Premium

Annual Premium in Rupees and Benefit Illustration for age 30 years

Premium

100,000

Sum Assured

10,00,000

Term

15 years

PPT

7 years

Fund Value @ 8%

13,65,936

Fund Value @ 4%

859,448

Policy Details

  • Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses
  • Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

  • Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000
  • Unlimited free Switches are allowed every year for switching between funds
  • Unlimited free Premium Redirections are allowed for redirecting future premiums
  • Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.5000
  • The corresponding top-up SA will be 1.25 times the top-up premium

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about health plans.

Ulip plans articles

Recent Articles
Popular Articles
Bajaj Future Gain

24 Nov 2021

The Bajaj Future Gain plan is a unit-linked insurance plan that...
Read more
7 Things to Know About the Tax Benefits of ULIPs

06 Oct 2021

Nowadays, Unit Linked Insurance Plan i.e., ULIPs have evolved as...
Read more
How To Select The Best ULIP For Your Portfolio?

08 Sep 2021

ULIPs provide financial protection to the policyholder’s...
Read more
How to Choose The Right ULIP Plan In 5 Easy Steps

08 Sep 2021

Unit Linked Insurance Plans or ULIPs as known popularly, are one...
Read more
ULIP Calculator

08 Oct 2018

A ULIP calculator is a specifically developed tool which helps...
Read more
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
Read more
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
Read more
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Read more
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
Read more
Everything You Need to Know about LIC Market Plus Plan
Life Insurance Corporation, one of the largest insurance providers in India, offers a variety of plan to meet the...
Read more
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL