Canara HSBC Oriental Bank of Commerce Life Insurance Smart Suraksha Plan is a pure protection plan that provides life insurance cover along with the option to cover against accidental death/ disability.
|Entry age||18 yrs - 65 yrs|
|Maximum age at Maturity||75 years|
|Policy Term||5 yrs* /10 yrs/ 15 yrs/ 20 yrs/ 25 yrs/ 30 yrs or coverage up to Age 60*|
|Premium Payment Term||Regular premium payment (Same as Policy Term)|
|Premium Mode||Yearly/ monthly|
|Annual Premium||Minimum premium will depend on minimum entry age and minimum sum assured.
Maximum premium : No limit
` 20,00,000 & above (subject to underwriting)
Maximum Sum Assured in Life Cover option - No Limit
Maximum Sum Assured under Accident Plus: ` 3 Cr
Maximum Sum Assured under Disability Plus: ` 1Cr
*policy terms available to fixed age groups, please refer to the sales brochure for details
In an unpredictable life, our loved ones usually depend on us for their happiness and security; and we should do our best to ensure that their future is secure even in our absence.
*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.
1. Life Cover: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. 2. Accident Plus: In case of the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured. 3. Disability Plus: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. In case the life insured suffers from accidental total and permanent disability, the sum assured under the policy will be paid to the life assured and the policy will terminate.
This being a term plan, no benefits are payable on maturity.
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.
Smart Suraksha provides you life insurance cover at a low cost. Please refer to the following table to get a quick and easy idea of the annual premium payable under this plan for each of the options
(the premiums are for a healthy male life and exclusive of Service Tax and Cesses, as applicable):
|Sum Assured||Age||Plan option||Policy term|
|15 yrs||20 yrs||25 yrs|
|` 50,00,000||30 yrs||Life Cover||4,591||4,704||5,207|
|40 yrs||Life Cover||7,116||8,256||9,736|
Premium rates for tobacco users will vary. Under this Plan, women enjoy better rates as compared to men of the same age. Women will get a 3 year age setback in premium rates as compared to the men. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode. For a personalized quote please refer to the premium calculator.
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