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.
|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.|
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.
*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
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
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 )
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)
Guaranteed Sum Assured at Maturity is equal to Sum Assured
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.
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.
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.
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.
Canara HSBC Oriental Bank of Commerce Life Insurance Assured Nivesh Plan - The preferred investment plan to give you an assured future.
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