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Ensuring financial protection to your family in case of your unfortunate demise
ULIPs provide option to switch between investment funds at various stages depending on life goals
Additional units are allocated which help boost the policy holder’s savings
Partial withdrawals to meet unplanned contingencies are allowed in ULIP
ULIPs also provide tax benefits on premium paid and the benefits are received during the term of the policy under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time
ULIP plans invest in life cover making it a good option for high return with a sum assured in case of loss of life of the policy holder.
The longer you invest in ULIPs the better the return you can expect, hence funding you on long terms. It has greater rewards than other insurances.
The ULIPs provide options of partial withdrawal when and how ever needed.
The ULIPs are invested over a wide range of funds, which can be altered as per the appetite of risk and return of the policy holder.
Your future is defined by your goals for yourself and your loved ones. You would like to ensure that nothing comes in the way of achieving these goals - buying the perfect house for your family or enrolling your child in a college abroad. Whatever be your goal, you would not want to compromise financially for any of these important milestones in your life. The plan offers:
Generate long term capital appreciation through investments predominantly in mid cap stocks.
You can choose your Life Cover based on your protection needs.
You can choose a Premium Paying Term (5, 10 years or more upto 25 years) to suit your earning capacity.
You have the option of switching and redirection between the fund options to take advantage of market movements or change in risk preference.
You can easily withdraw money from your fund in case of financial emergency through partial withdrawals, after 5 years.
You can increase or decrease your sum assured, depending on your changing needs, from the 6th policy year onwards subject to minimum and maximum sum assured limits stipulated under this plan.
You can maintain allocation of your investments in a specific proportion across funds, irrespective of market movements.
You have the option to switch your money to low risk fund as your policy nears maturity.
• Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.
• The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram-122018, 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 (BSNL/MTNL)
SMS: 9779030003
Missed Call: 0124-6156600
Email: customerservice@canarahsbclife.in
• Tax benefits under this 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.
• *Policy Term of 5 years to 9 years is available only for Age at entry of 35 years and above.
• Available under Plan Option Life
• Available under Plan Options Life and Life Plus
• BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.