Whoever said wishes don’t come true hasn’t explored our offers!
  • Canara HSBC Oriental Bank of Commerce Life Insurance ULIP Plans

    Canara HSBC Oriental Bank Of Commerce Life Insurance

    This is a joint venture of 3 different banks, Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia-Pacific) Holdings Limited. The Canara HSBC Oriental Life Insurance, have come up with really interesting ULIP for you to choose from they are:

    1. Canara HSBC Oriental Bank Of Commerce Life Insurance Dream Smart Plan -

    Key Features and Benefits of This Plan:

    1. With this plan you can now get protection for your life with coverage you need, as well as you can have the choice of premium payment. For the life cover, you can choose a term of premium payment as well, for a period of 10 years or more to suit your financial strength and earnings in all stages of your life.
    2. You get loyalty additions to better your investments with this plan. This loyalty addition will be added to your investment, by allocating units worth 1% of your fund value, at the end of your 15th year of the policy.
    3. Get your choice of funds based on your risk appetite, and you can make an investment in up to five different fund options. The funds have various risk profiles, which can range from 0% to 100% of exposure to equity.
    4. Get to switch between funds, and take advantage of market fluctuations.
    5. You now have the option to partially withdraw funds as well with this plan, making it easy for you to meet those unplanned expenses.
    6. Enjoy tax benefits as per the Income Tax Act 1961, under section 80C for paid premiums and Section 10(10D) for any claims made.

    2. Canara HSBC Oriental Bank Of Commerce Life Insurance Grow Smart Plan -

    Key Features and Benefits of This Plan:

    1. The plan offers you whole life protection, with insurance coverage throughout your life.
    2. With this plan you have the option to increase or decrease the sum assured.
    3. Choose your premium payment term, to suit your pocket and make premium payment for 10 years or more.
    4. Plan offers 5 different fund options to choose from, which comes with risk ratings ranging from high to low.
    5. The minimum premium will be a sum of Rs. 25,000, while there is no maximum limit.
    6. This plan also provides you with a surrender value as well.
    7. Get loyalty additions to boost your investments. These loyalty additions are added by way of allocating units, this will be worth 1% of your fund value. It will generally be added at the end of your 15th year of your policy.
    8. With this policy you get the freedom to customize your plan

      1. Choice of life cover based on your needs.
      2. Make investments in funds based on appetite for risk.
      3. Option to switch between funds.
    9. Now you can meet those unplanned expenses, with the partial withdrawal facility offered under this plan.
    10. As per section 80C and Section 10(10D) of the Income Tax Act 1961, you can also enjoy tax benefits.

    3. Canara HSBC Oriental Bank Of Commerce Life Insurance Future Smart Plan -

    Key Features and Benefits of This Plan:

    1. By choosing this policy, you will have the option to choose a specially customised plan for your child.
    2. Get the policy term and plan of your choice, that will help your child through all the stages of life.
    3. Make premium payments either for a limited period, or for the entire policy term based on your wish.

    4. You can opt for milestone withdrawals, this means you can now fund the education expenses of your child. As an example, when he or she is off to college you can make a withdrawal from this plan to meet the education expenses of your child at these milestones in their life. These withdrawals will be 15% of the fund value each year for the last 5 years of the policy.

    5. The insurer will make all premiums payment if option chosen in ca by the policyholder at his or her untimely death, also the nominee will receive a sum assured as well.
    6. Fund value of the plan will be paid on maturity of the policy.

    4. Canara HSBC Oriental Bank Of Commerce Life Insurance Insure Smart Plan -

    Key Features and Benefits of This Plan:

    1. Loyalty additions will be given to your investments. These additions will give your investments the required boost. Allocation of these units, will be worth 1% of your fund value, and this addition will be done at the end of the 15th year of your policy.
    2. You have the facility of partial withdrawals, available under this plan.
    3. Receive tax benefits as per section 80C for the payment of premiums and Section 10(10D) for claims of the Income Tax Act 1961.
    4. Get the option to increase or decrease the sum assured of your policy, after the completion of the 5th year of the policy. This option is available is available up to a maximum of 3 times in the term.
    5. Allocation of your future premiums, can be done once in a policy year. Also, you can revise the allocation proportion made for these subsequent premiums.
    6. You can choose the funds in which you would like to invest, and also get the option to switch between other funds, any number of times. This switching can be up to a maximum of Rs. 10,000.

    5. Canara HSBC Oriental Bank Of Commerce Life Insurance Shubh Labh -

    Key Features and Benefits of This Plan:

    1. Rebalancing funds, the feature of the plan will help policyholders with maintaining their investments proportions in funds despite the market conditions. The rebalancing facility will be available once in 3 months, for the investment proportions chosen by the policyholder.
    2. After the completion of the 5th policy year, the policyholder will gain loyalty additions, which will be added to their fund value at a rate of 0.6% per policy month.
    3. You can make partial withdrawals from the 6th year onwards, for any unplanned expenses that may crop up. The value that can be withdrawn is a minimum of Rs. 10,000 and a maximum amount can be anything the policyholder would like, but not allowing the fund value to drop below 25%.
    4. Tax benefits will be provided to the policyholder, as per section 80C and section 10(10D) of the Income Tax Act of 1961.
    5. The policyholder will also have the benefit of increasing or decreasing the sum assured after the policy completes 5 years. This facility will be available thrice during the policy term.

    6. Canara HSBC Oriental Bank of Commerce Life Insurance Smart One Pay Plan -

    Key Features and Benefits of This Plan:

    1. Auto Funds Rebalancing can be opted for under this policy once every three months, and you can maintain your investments in a specific proportion invested in funds.
    2. Closer to the maturity period of your policy, you can switch funds easily to relatively low risk funds.
    3. Get the addition of allocated units to enhance your fund value, starting from the 6th year, you will get loyalty additions each policy month at the rate of 0.025% from the 61st month to the 120th month, and the rate of 0.06% from the 121st month to the end of the policy term.
    4. Have a need for emergency expenses to be fulfilled? Now you can also get partial withdrawals with this policy from the 6th policy year onwards. The minimum amount the policyholder can withdraw is Rs. 10,000 and the maximum should not let the fund value drop lesser than 25%.
    5. The policyholder can opt for a settlement option if he/she wishes to at least 3 months prior to the end of the policy.
    6. The option to increase or decrease the sum assured after the policy completes 5 years, is also available to the policyholder.

    7. Canara HSBC Oriental Bank of Commerce Life Insurance Smart Goals Plan -

    Key Features and Benefits of This Plan:

    1. Flexibility to choose and customize the policy as per your wish, this includes choosing the life cover your require to suit your protection needs, investing in up to 5 different fund options, maintaining the allocation of your investment proportion among the funds chosen, switching and redirecting between funds based on your risk appetite, choosing your premium payments mode and term.
    2. Getting loyalty additions added to your fund value, to give that extra boost to your investments.
    3. Giving you the option of liquidity, with the option to withdraw funds, to meet expenses that are not planned.
    4. The policy provides you with even tax benefits, entitling you to claim these benefits under section 80C and section 10 (10D).
    5. Maturity benefit will be paid to the policyholder on survival at the end of the policy, The policy will also provide the nominee of the policy with the death benefit, which will be a higher of the sum assured less partial withdrawals or fund value or 105% of all premiums paid.

    8. Canara HSBC Oriental Bank of Commerce Life Insurance Smart Lifelong Plan -

    Key Features and Benefits of This Plan:

    1. Get the peace of mind with coverage for your life up to 99 years of age. You can also customize the policy to your requirements, like investment made into funds available, you can invest in up to 5 different fund options; get the allocation of your investments in proportions that are specific to you matching your risk appetite; get the option to switch and redirect your funds between based on your risk taking ability; choosing your premium paying term as well as the mode.
    2. Loyalty additions will be added to your fund value, giving you investments that extra boost during the policy term.
    3. The policy has great liquidity, and provides you with the option to withdraw funds to meet unplanned expenses.
    4. Get tax benefits that you can claim section 80C and section 10 (10D) of the Income Tax Act 1961.
    5. The policy will also provide the nominee of the policy with the death benefit, which will be a higher of the sum assured less partial withdrawals or fund value or 105% of all premiums paid.
  • reTH65gcmBgCJ7k - pingdom check string.
  • reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.