About the Plan

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.

Parameter Description
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
Sum Assured ` 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


  • WHY BUY

    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.

    • Get Life Insurance Cover at a low cost.
    • Option to cover accidental death or/and total and permanent disability.
    • Reward for healthy lifestyle - lower premium rates for non-consumers of tobacco.
    • Rebate for higher sums assured.
    • Rebate for women.
    • Tax benefits on premium payments*

    *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

    Death Benefit (as per plan option):

    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.

    Maturity Benefits

    This being a term plan, no benefits are payable on maturity.

    Other Benefits

    Rebates:

    • On High Sum Assured: Sum Assured of Rs. 1 crore and above is eligible for a discount
    • For women: For policies purchased by women, the premium would be set back by 3 years

    Tax Benefit #

    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

    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
    Accident Plus 7,337 7,370 7,849
    Disability Plus 8,146 8,147 8,609
    40 yrs Life Cover 7,116 8,256 9,736
    Accident Plus 9,780 10,893 12,358
    Disability Plus 10,552 11,646 13,099

    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.

  • BROCHURE & PDFs

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Claims Process

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