Canara HSBC Oriental Bank of Commerce Life Group Term Plan
..ensure the security for loved ones!
Our Group Term Life Insurance Plan is the perfect plan to provide financial protection to your customer group. The Group Term Plan provides pure protection cover to your customers at a very low cost.
Meets Life protection needs at a lower cost
Easy joining process
Choice of renewing the plan every year
Master policyholder has an option to choose between 2 benefit types: Death benefit or Death benefit + Total and Permanent Disability benefit
Choice of 4 premium payment frequencies
Rebates are available for females, which further reduce the premium (based on scheme rules)
Tax benefits under Section 80C and 10(10D) of the Income Tax Act. 1961.*
A voluntary plan for group members
If provided under the scheme rules, this product offers an option for cancellation of the cover by an Insured member at any time during the term of such insurance cover, provided the premium paying mode chosen at the master policyholder level is annual.
* The tax benefits are as per the law prevailing on the date of issuance of this plan, and are subject to changes. For specific details, please contact your tax consultant.
Cover Age^
-
60 Years
Sum Assured^
` 10000
Based On Scheme Rules
^ May vary based on scheme rules within the above limits.
For detailed description of the product features, benefits, flexibilities & boundaries, kindly refer to the brochure by clicking on the hyperlink below.
