|Reversionary Bonus rates for Participating plans|
Participating plans from Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd. are eligible to get Annual Bonus which is expressed as a percentage of Sum Assured. Bonuses are added provided the policy premiums are paid as and when due. Annual Bonus will be declared at the end of every financial year based on the company's experience in the 'with-profit' fund managed by the company. Once added to the policy the Annual Bonus is guaranteed to be payable either on death of life assured or on policy maturity, whichever is earlier.
The table below shows year on year history of Annual Bonus declared (as %age of Sum Assured) by the company, for our participating plans:
|Financial Year||Smart Monthly Income Plan||Smart Stage Money Back Plan|
1. There is no guarantee on the amount of future bonuses and these will be declared at the sole discretion of the company. Hence, the bonuses in our participating plans may vary from time to time.
2. An interim bonus for the part of the year in which Life Assured`s death occurs may also be payable.
3. Over and above the Annual Bonus, your policy may also receive Final Bonus (if any), expressed as a percentage of Sum Assured, on death or maturity whichever is earlier.
Take a step towards a profitable future!
Grow Smart Plan:
Build a legacy for your heirs, and get insurance coverage for your entire lifetime.
Dream Smart Plan:
Build a corpus to fund your future goals.
Insure Smart Plan:
Aim to build wealth, and get insurance cover too!
Smart One Pay Plan:
Enjoy prosperity with security with one time investment!
Smart Goals Plan:
Never miss a single goal Score them all with a single plan
Smart Lifelong Plan:
Live worry-free Choose a secure & independent retired life
Smart Immediate Income Plan:
Make a one time investment for a lifetime of regular returns.
eSMART TERM PLAN:
Secure your family in few clicks.
eSMART TERM PLAN:
Secure your family in few clicks