Guaranteed Savings Option
0 years
60 years
18 years
75 years
Guaranteed Savings with Double Protection Option
18 years
55 years
28 years
75 years
Guaranteed Savings with Premium Protection Option
18 years
55 years
28 years
75 years
The benefits under the plan vary as per the plan option chosen.
The definitions below will help you better understand the benefits of the plan:
Sum Assured on Death is the amount which is higher of:-
Accidental Death Benefit (ADB) Sum Assured is an amount equal to the Sum Assured on Death.
On survival till the Policy Term (provided that all due premiums are paid), you will receive
On payment of above benefits, your policy will terminate and no further benefit will be payable
In case of the Life Assured's unfortunate death during the Policy Term, provided the policy is in-force, the death benefit payable to your Nominee will be as follows:
If you have opted for Guaranteed Savings with Double Protection Option and death of the Life Assured is due to an accident, an additional amount equal to ADB Sum Assured will be paid. On payment of above benefits, the policy will terminate and no further benefit will be payable.
On survival till the Policy Term (provided that all due premiums are paid), you will receive
On payment of above benefits, your policy will terminate and no further benefit will be payable
In case of your unfortunate death during the Policy Term, provided the policy is in-force, the following benefits will be payable:
On payment of above benefits, the policy will terminate and no further benefit will be payable.
Loan Facility
To meet any contingent need, you may avail the loan facility in this plan, once the policy acquires a Surrender Value. The minimum loan amount that can be availed is Rs. 20,000 and the maximum is 80% of prevailing Surrender Value at the time of availing the loan. Loan will be available for an in-force policy only.
The applicable loan interest rate for the financial year 2018-19 is 8.60% per annum.
High Premium Booster
The basic Sum Assured available for a given premium will be increased by the High Premium Booster % applicable as per the table below, in case the annualized premium is more than Rs 30,000 (the upper limit of the first premium band in the table below). The High Premium Booster % will be as per the table below:
Nil
4%
7%
8%
10%
11%
You may be entitled for tax benefits under Section 80C and Section 10(10D), as per the Income Tax Act, 1961 as amended from time to time.
UIN: 136N066V02
Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer.
The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer.
Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.
Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited) is used under license with Canara Bank and HSBC Group Management Services Limited.
The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram - 122003, Haryana, India.
The premium mentioned is for standard lives. Premium rates for tobacco users will vary. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode.
For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/ 1800-180-0003/ 1800-891-0003
SMS: 9779030003
Missed Call: 0120-6927801
Email: customerservice@canarahsbclife.in
#Tax benefits under the plan will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.
Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.
Medical charges will be deducted in case of non-issuance of the policy.
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Canara HSBC Life Insurance Company Limited
IRDAI Registration no: 136
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