About the Plan

Canara HSBC Oriental Bank of Commerce Life Insurance Assured Nivesh Plan is a savings- cum-protection plan that provides life insurance cover and savings in the ease of a single plan.

Parameter Description
Entry age 18 years - 55 years
Maturity Age 75 years
Policy Term Fixed policy term of 15 & 20 years
Premium Payment Term 1.For Policy term 15 years - 7 years premium paying term
2.For Policy term 20 years - 10 years premium paying term
Premium Mode Annual & Monthly
Annual Premium Minimum premium will depend on minimum entry age and minimum sum assured.
Maximum premium : No limit
Sum Assured Minimum Sum Assured under this plan is Rs 3,00,000 for Annual Mode.& Rs 5,00,000 for monthly mode. There is no limit to maximum sum assured.

Click here for revisionary bonus rates in participating plans.

  • WHY BUY

    We try to work extremely hard to protect our family financially and at the same time, to ensure that our savings are sufficient to fulfill our dreams & aspirations. In doing so, we worry that our plans may not be achieved in the event of our untimely death and hence the need to protect the family in case of this unfortunate event.

    • Insurance coverage throughout the policy term through payout of death benefit in case of death of the life assured
    • Limited premium term of either 7 or 10 years depending on what suits you best
    • Guaranteed savings through guaranteed payout of Sum Assured at maturity.
    • Boost your maturity benefit with Annual bonuses & Final bonus (if any)
    • Better Value for higher premiums - through high Sum Assured rebate structure
    • Benefits under this plan may be eligible for tax benefits *

    *Tax Benefits under the 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

  • BENEFITS

    Life-cover Benefits

    Death Benefit:
    On death of the Life Assured, a death benefit will be payable as defined below provided the policy is in-force at the time of death
    Higher of:

    1. Death Benefit Sum Assured plus added annual (reversionary) bonus (and any interim bonus for the part of the financial year in which death occurs) and final (terminal) bonus (if any) accrued till date of death
    2. 105% of {the total premiums paid till the date of death less extra premium (if any)}.

    Where:
    Death Benefit Sum Assured is defined as Higher of (absolute amount payable on death i.e. Sum Assured or 10 times the Annualized Premium or Guaranteed Sum Assured at Maturity )

    Maturity Benefits

    On survival of the Life Assured to the end of the policy term the below defined maturity benefit is payable to the Policyholder provided the policy is in-force;

    Guaranteed Sum Assured at Maturity + Accrued Annual Bonus (If Any) + Final Bonus ( If Any)
    Where:
    Guaranteed Sum Assured at Maturity is equal to Sum Assured

    Other Benefits

    Rebate: This plan offers rebate on the premium payable, if Sum Assured is higher than or equal to Rs 4,00,000

    Loans: You can avail of the loan facility to meet your liquidity needs, once the policy acquires a surrender value.

    Tax Benefits#

    You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.

    #Tax benefits under the policy 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.

  • HOW IT WORKS

    Mr. Gupta who is 35 year old married. He has a three year old child named Aryan. He is planning to build a corpus after 15 years, through regular savings. Mr. Gupta also wants his family to be financially protected in case of his unfortunate death. He therefore chooses to save through our Assured Nivesh Plan.

    1. To fulfill his financial goal, Mr. Gupta estimates that he needs a lump sum of at least Rs 500,000 and hence opts for a guaranteed amount of Rs. 500,000, plus additional bonuses.
    2. Mr. Gupta chooses the 7-pay 15-year variant of the plan to achieve the desired corpus after 15 years. The premium he has to pay annually for 7 years is Rs. 67,520 (before applicable taxes)
    3. Mr. Gupta now gets significant life cover to protect his family for the entire term of the policy. In case of his unfortunate death anytime during the policy term, his family will get a death benefit sum assured of Rs 6,75,200. His family also gets the annual bonuses added till date of death (and any interim bonus for the part of the financial year in which death occurs) along with final bonus (if any).
    4. Please note that the death benefit will be at least 105% of all premiums paid till date of death less extra premiums paid if any.

    5. Mr. Gupta will get a guaranteed Sum Assured on maturity which is equal to Rs 5,00,000 in the event that he survives to maturity (subject to all premiums being paid as and when due)
    6. Provided all the premiums are paid as and when due, regular annual bonuses added to the policy will be payable either on death or maturity whichever is earlier. Further, Mr. Gupta may be eligible for final bonus, if any.
  • DOWNLOAD PDF'S
  • VIDEO

      CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE ASSURED NIVESH PLAN

      Canara HSBC Oriental Bank of Commerce Life Insurance Assured Nivesh Plan - The preferred investment plan to give you an assured future.


Get a Call Back

*
*
*

I agree that even if my contact number is registered with NDNC/NCPR, I would still want the Company to contact me on the given number for the clarifications/product information sought by me.

Claims Process

  • Step1: Claim Intimation & Registration
  • Step2: Fund Value Disbursement & Documentations
  • Step3: Processing & Settlement
Know more

Claims Process

  • Step1: Claim Intimation & Registration
  • Step2: Fund Value Disbursement & Documentations
  • Step3: Processing & Settlement
Know more

Get a Call Back

*
*
*

I agree that even if my contact number is registered with NDNC/NCPR, I would still want the Company to contact me on the given number for the clarifications/product information sought by me.