Smart Term Pro

Smart Term Pro is a term life insurance plan from Exide Life Insurance Co. Ltd., available to residents of India. Sum insured ranges from ₹25L to ₹5Cr, eligible ages 18 to 60, and the policy is n/a. Below is our take on how it compares to other term life plans in our database — what it does well, where it lags, and the kind of policyholder it actually fits.

Annual premium starts at ₹9K, against a category median of ₹8.3K across the 14 comparable term life plans we track in this country. That places Smart Term Pro in the middle of the pack on price, and the bottom quintile on coverage ceiling (maximum sum insured ₹5Cr versus a peer median of ₹5Cr). On the value spectrum it reads as priced near the category median.

Coverage is on the leaner side compared to category peers: 3 core inclusions, 3 highlighted features, and 3 optional riders. Notable features called out by Exide Life Insurance Co. Ltd. include HDFC Life subsidiary, Strong bancassurance reach, and Affordable premiums. On the rider side, Smart Term Pro can be extended with Accidental Death, Critical Illness, and Waiver of Premium — each adding to the base premium but also widening what the policy will pay out for.

Term life pricing is most sensitive to age, smoker status, and policy term, so the headline premium is illustrative only. Smart Term Pro accepts applicants aged 18–60, which sets the practical ceiling on policy term — for someone applying at 18, the longest possible cover runs through age 60. Whether the rate you get on quote will land near the illustrative minimum depends entirely on your underwriting bucket; non-smokers in the youngest cohort typically pay close to the floor, smokers and older applicants pay materially more. Exide Life Insurance Co. Ltd.'s published claim settlement record is the metric that actually matters for term — the policy is worthless if claims are denied at maturity, and the difference between a 95% and 99% settlement ratio is the difference between routine claims paid and routine claims fought.

Where Smart Term Pro explicitly will not pay: Suicide within 12 months. These are not unusual exclusions for a term life plan, but they are the boundary of the contract — anything outside that list is in scope, anything inside is not. Read the full exclusions list before signing; every plan we have ever audited has at least one exclusion the buyer did not realise was there.

Skip if: you need coverage above the plan's maximum sum insured. As with any insurance decision, get a quote from Exide Life Insurance Co. Ltd. directly to confirm the rate that actually applies to your profile — listed prices are illustrative.