ULIP or Unit Linked Insurance Plan has become a popular investment option among investors. ULIP plan not only offers financial protection to your family but also helps in meeting their investment needs. This one single plan offers the dual benefits of protection and guaranteed returns. In ULIPs, an amount of premium that you pay goes towards insurance and the remaining is invested in a fund of your choice. In current market situation, ULIP is considered as one of the finest investment options for those who wants to generate great wealth in the long run. Moreover, it is also known as one of the best tax-saving instruments as per Section 80C of the Income Tax Act, 1961. Both savings and protection part is managed under one plan basis the needs and choices.

So, if you are planning to invest in ULIP, then buy Invest 4G plan online by Canara HSBC OBC Life Insurance. This savings-cum-protection plan offers life insurance protection cover along with investment options. The wealth booster, loyalty addition, and mortality returns are some of its unique features that makes it a prefect for you.

Key Features of Canara HSBC OBC Life Insurance Plan -

• Entry Age - 18 Years
• Annual Premium Range - Rs. 50,000/- per annum
• Policy Term - From 5 to 30 years
• Premium Payment Options - Monthly, quarterly, half-yearly, annually

Why to buy Canara HSBC OBC Life Insurance Invest 4G plan?

Listed below are some of the reasons that shows why is it must to buy Canara HSBC OBC Life Insurance Invest 4G Plan-

• 4 portfolio investment strategies and 7 fund options to choose from. Here it is -

• Tax benefits as per Section 80C of the Income Tax Act,1961
• Flexibility to switch funds as per market fluctuations or risk appetite.
• Partial withdrawal option that will help you withdraw a part of your money in case of unexpected financial emergencies arising due to an unfortunate incident
• It maximizes your savings by returning the mortality charges on the maturity of the policy
• Wealth booster and loyalty addition as extra allocation of units to maximize your savings

Benefits of buying Invest 4G plan-

Invest 4G gives you an option to choose between three plan options. Invest 4G plan offer different benefit options as per your needs. Invest 4G offers benefits like:

Death Benefits

Life option & Whole of Life Option - In case of policyholder's unfortunate death, your beneficiaries will receive the maximum of the following-

• Sum Assured
• Fund Value
• 105% of the premiums paid

Premium Funding Option After Death - In case of death of the policyholder, the needs of the beneficiary are taken care of by paying a lump sum amount -

• Sum Assured
• Fund Value
• 105% of the premiums paid till death
• Future premiums funded by the company

Maturity Benefits - On the maturity of the policy, you will receive a fund value as per the existing NAVs. In addition to this, there's an option of taking fund value in installments in accordance with the settlement option.

Tax Benefits- The premium paid towards the policy is eligible for tax benefits as per the Section 80C of the Income Tax Act, 1961.

Additional Benefits - Settlement option is yet another benefit that you can select to receive your maturity benefit. It will help you take your fund value in installments over a period of maximum 5 years. No life cover is offered during this period. Also, you can choose to go with the complete withdrawal of the fund value at any time during the period of the policy.

Invest in Invest 4G to plan for better financial security and to maximize your savings.