Canara HSBC Oriental Bank of Commerce Life Insurance Sampoorna Kavach Plan is a yearly renewable group term plan intended to meet and fulfill the life protection needs of the members of your group at an affordable cost. This is a traditional, non- participating life protection plan which will safeguard your members in case of an unfortunate event.
|Entry Age*||18 years||60 years|
|Policy Term||1 Year (renewable yearly)|
|Sum Assured||` 5,000||` 50,000|
*Age as per last birthday (l.b.d.)
For detailed description of the product features, benefits, flexibilities & boundaries, kindly refer to the brochure.
As an organization that takes care of the welfare of its members and secures them by providing means to meet their needs, you always take care of your members and their priorities. But with the uncertainties of life, there always exists a fear in their mind of the unfortunate circumstances where their families might suffer, when they are not around.
As a Master Policyholder, this plan will facilitate you in providing insurance protection to your members. Further this will be a step towards the welfare of your members which will provide financial protection to their families.
In the unfortunate event of members death, the sum assured will be paid to the nominee.
There is no maturity benefit payable under this plan.
The tax benefits are as per the prevailing law and are subject to changes. For specific details, please contact your tax consultant.
#Tax Benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time.
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