Exide Life Smart Shield

Summary Info

Insurance Company Exide Life Insurance Company Ltd
Plan Name Exide Life Smart Shield
Plan Nature TRADITIONAL
Plan Category Savings & Investment Plan
UIN No. 114N037V02
About Plan ING Smart Shield is an open-ended group single premium non-participating decreasing term assurance plan. It is created for credit related insurance. Credit related insurance is sold in conjunction with credit, where the policy terms and benefits are related to specific consumer credit obligation. This kind of arrangement is made between insurer and banks/financial institutions offering personal, educational, agriculture, auto and other consumer loans. It can also be targeted at deposit products, such as recurring deposits and systematic investment plans of mutual funds, where a sum assured can be of a decreasing nature and a schedule similar to outstanding loan schedule can be drawn.

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