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Canara HSBC OBC Life Insurance Company:

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture between Canara Bank (51%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). The company brings the trust and market knowledge together of two big public sector banks in India namely Canara Bank and Punjab National Bank combined with the global insurance expertise of HSBC.

Canara HSBC Oriental Bank of Commerce Life Insurance is established on 16 June 2008 and it is headquartered in Gurugram (Gurgaon), Haryana and it has including access to around 60 million customers and, the company has around 7000 branch offices across India. The company provides insurance products and services to its customers through partner bank branches.

Canara HSBC Oriental Bank of Commerce Life Insurance is the first to launch 'Immediate Pay-outs on Death Claim' under unit-linked policies. The insured person's family will receive the fund value immediately on registration of death claim in case the policyholder meets with any unfortunate event during the policy period.

Canara HSBC Oriental Bank of Commerce Life Insurance Company ltd offers various types’ insurance products such as Unit linked insurance plans; term insurance plans, child plans, investment plans, saving plans, group plans, Retirement plans, online term plans, and employee benefit segments, etc. These life insurance plans provide insurance cover to the family of the policyholder in case of the death of the insured.

Canara HSBC OBC Life Insurance Plans

Canara HSBC OBC Life Insurance Company Provides different types of life insurance plans such as Term insurance plans, Child insurance plans Retirement plans, ULIP, etc.

Here are the life insurance plans offered by Canara HSBC OBC Life Insurance Company:-

Canara HSBC OBC Term Insurance plans:

Term life insurance is a type of life insurance in which the insurance company pays the claim to the nominee of the insured in case of death of the insured. The life insurance coverage is provided for a particular period which is known as the “term”. The best term insurance plan is the one that offers the maximum coverage at affordable premiums and with all the possible add-ons.

The term insurance plan offers maximum life coverage and helps you in difficult situations. Term life insurance protects your family’s financial needs & lifestyle in your absence. Term insurance is providing financial security to the family in case the policyholder meets with any unexpected event.

Name of Plan What Is It? Age of Entry Maturity age Premium Payment Term Policy Term Sum Assured
Saral Jeevan Bima Saral Jeevan Bima is a simple plan that offers financial security for your loved ones. It is an affordable plan offering a lump sum benefit in case of Death of the insured. Min 18 years to Max 65 years Min 23 years to Max 70 years Single pay, Limited pay, Regular pay 5 years to 40 years Rs. 5 lacs to 25 lacs
iSelect Star Term Plan iSelect Star Term Plan offers optimum protection such as Whole Life Cover, Terminal Illness Cover and Multiple Pay-out options, Return of Premium Options, Increase Coverage Option & Tax Benefits, etc. Min 18 years to Max 65 years 28 years to 80 years Single pay, Limited pay, Regular pay 5 years to 40 years Rs. 25 lacs and above
Pos Easy Bima Plan POS Easy Bima Plan is designed to provide an affordable premium and hassle-free protection. This plan offers a return of premium on the date of maturity. Min 18 years to Max 55 years 28 years to 65 years 5 pay with 10 years policy term, 10 pay with 15, 20 years policy term 10,15,20 years Rs. 50000 to 15 lacs

Canara HSBC OBC ULIP Insurance plans:

A Unit Linked Insurance Policy is a term insurance policy with Insurance coverage and Investment. ULIP policy provides death benefit- in case the policyholder expires within the policy period and also Survival benefit- in case the policyholder survives the policy term. The death benefit provided is with the premium collected under the insurance portion of the policy and the survival benefit is paid with the premium collected and invested by the insurance company.

ULIP policies have the investment component where a part of the premium collected from the customer is invested into the debts to purchase units which over some time develop in conjunction with the market and generate revenue to the policyholder.

The policyholder has the option to decide the funds in which the premium should be invested and also the option of the asset class is given to the policyholder. The policyholder can select the funds in which he/she wants the amount to be invested and the returns are purely dependent on the market conditions prevailing at the time of maturity.

Name of Plan What Is It? Age of Entry Maturity age Premium Payment Mode Policy Term Sum Assured
Invest 4G Invest 4G plan provides Three cover options in different life stages. This plan gives you complete control and also the flexibility of choosing to pay for an entire policy term

Life Option- 0 years to 65 years

Care Option-18 years to 50 years

Century Option-18 years to 65 years

Life Option- 18 years to 80 years

Care Option- 28 years to 80 years

Century Option- 100 years

Life Option-Single Premium - 1, 00,000, Annual Premium - 24,000, Half- Yearly - 12,000, Quarterly - 6,000, Monthly - 2,000

Care/Century Option-Annual Premium - 48,000, Half - Yearly- 24,000, Quarterly - 12,000, Monthly - 4,000, Max Premium - No Limit

Life Option-10 to 30 years

Care Option- 10 to 30 years

Century Option-100-entry age

Life Option- For Single Premium- 1.25 or 10 times of Single Premium, For Regular/ Limited Premium- 10 times Annualized Premium

Care/Century Option- For Regular/ Limited Premium- 10 times Annualized Premium

Titanium Plus Plan Titanium Plus plan offers the flexibility of single or limited or regular Premium Payment modes with death coverage and full control over your investment. It provides Multiple Pay-out options and tax benefits, etc.

Limited pay/ Regular pay-0 to 70 years

Single pay-13 to 70 years

Limited pay/ Regular pay-18 to 80 years

Single pay-18 to 75 years

Annual-1,25,000/- to No limit

Monthly-16,667/- to No limit

Single-1,25,000/- to No limit

Limited pay/ Regular pay-10 to 30 years

Single pay- 5 years

For age 0-44 years/limited pay/Regular pay-Min-7 times of annual premium, Max-As per max Sum Assured multiples

For age 13-47 years/single pay-Min 1.25*single premium, Max-10*single premium

For age 48 and above single pay- 1.25*single premium

Smart Goals Plan Smart Goals Plan provides flexible features and is specially designed to help you achieve your future needs, goals for yourself and your loved ones. Min 8 years to Max 64 years Min 18 years to Max 74 years and Min 23 years to Max 79 years 10 years(fixed),15,20,25 years

For ages below 45-Min 10*Annual Premium

For ages above 45-7*Annual Premium Max-Depends on Life Assured

Canara HSBC OBC Child Insurance Plans:

A child plan is a type of life insurance plan that is a combination of both the investment and the insurance to ensure a safe future for your child. The child plans are typically classified into two types- Market linked and Non-market-linked plans. The market-linked plans are similar to that of the Unit Linked Insurance Plans where the final maturity benefit depends on the performance of the funds selected by the policyholder/the parent.

Non-market-linked plans are a form of Endowment plans which offer a fixed rate of return to the customer as a maturity benefit after the completion of the policy period. These plans also provide flexible pay-out options at certain intervals of the policy period which can be used for the different stages of education of your child.

Child plans are plans where the customer can invest his money to secure the future of his/her child against higher education or Marriage. In case of any unfortunate event to you, the future premiums can be waived under the child policy without affecting the future of the child.

Name of Plan What Is It? Age of Entry Maturity age Premium Payment Term Policy Term Sum Assured
Smart Future Plan Smart Future Plan that provides a long-term investment opportunity to fulfill various family needs such as building an asset or to make sure a bright future for your child, etc. Min 18 years to Max 61 years Min 28 years to Max 70 years Monthly and Annual 10,15,20,25 years

For ages below 45-Min 10*Annual Premium

For ages above 45-7*Annual Premium Max-Depends on Life Assured

Jeevan Nivesh Plan Jeevan Nivesh Plan is a savings- cum-protection plan that provides life insurance cover and lifelong protection to you and your family. This plan helps you to achieve goals of your life such as child's education, marriage, leaving behind a legacy, buying a dream house, etc.

Annual Mode- Min 18 years max 55 years

Monthly Mode- Min 18 years max 45 years

Annual Mode-80 years Monthly Mode-75 years Monthly, Annual 10,15,20,25,30 years Annual Mode- Min Rs. 3lacs and Max No limit and Monthly Mode- Min Rs. 5 lacs and Max No limit

Canara HSBC OBC Retirement Insurance Plans:

Retirement plans are insurance plans which help people meet their expenses after their retirement with periodic payments by the insurance company. Retirement plans can generally be of two types: One is where the policyholder will invest the amount over a while to attain a corpus and after which the insurance company will pay periodic installments to the policyholder after his/her retirement.

The other is where the policyholder can purchase an annuity plan by paying a lump sum amount and the insurance company will start paying the monthly amount immediately or after some time as selected by the policyholder.

The major advantage of pension plans is that insurance coverage is also available with the investment option. The amount collected from the policyholder is invested in safe bonds by the insurance companies and the period instalments are paid to the policyholder. The policyholder can opt for the same amount of payout each month or increasing payout depending on the expenses of the policyholder.

Name of Plan What Is It? Age of Entry Maturity age Premium Payment Term Policy Term Sum Assured
Smart Life Long Plan Smart Lifelong Plan that offers lifelong coverage up to the age of 99 years. This plan provides benefits such as include an increase or decrease of the sum assured, partial withdrawal of the fund, switching, and redirection between the funds, etc. Min 7 years to Max 65 years NA Monthly, Annual Till 99 years For ages below 45-0.5*age of entry*Annual Premium For ages above 45-7-10 times of Annual Premium
Secure Bhavishya Plan Secure Bhavishya Plan was created to ensure that you lead your life tension-free. This plan offers a guaranteed maturity benefit of 101% of the premium paid. Min 25 years to max 70 years 80 Years Monthly, Annual For Regular / Limited pay- 35 years For Single pay -30 years 105% of the cumulative premiums paid
Smart Monthly Income Plan Smart Monthly Income Plan comes with a guaranteed monthly income for the last 15 years of the policy. This plan offers an annual bonus, tax benefit, a rebate of premium in case the sum is assured, etc. Min 18 years to Max 55 years Min 43 years to Max 80 Years Monthly, Annual 25 years(Fixed) 100 times of selected monthly income
Smart Future Income Plan A smart future income plan provides 100 times the monthly income. This plan offers guaranteed monthly income, lump sum amount as a bonus, life coverage, etc. Min 18 years to Max 55 years Min 43 years to Max 80 Years Monthly, Annual 25 years(Fixed) 100 times of selected monthly income
Pension4 Life Pension4life Plan guaranteed income stream as per your needs post-retirement. This plan is an annuity product where you will receive a defined level of annuity instalments in exchange for a Purchase Price. Min 45 years to Max 80 years NA Yearly, half-yearly, quarterly, Monthly, Whole life Min Rs. 2 lacs
Saral Pension Plan Saral pension plan is a Single Premium Non-Linked Non-Participating Individual Immediate Annuity Plan. This plan is the best way to ensure security post-retirement and it guaranteed an income stream as per your needs post-retirement. Min 40 years to Max 80 years NA Yearly, half-yearly, quarterly, Monthly Whole life No limit

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