Exit Pop Up

Live Life More Confidently

Get best insurance from our experts

Name is required Name should be Valid
Mobile Number is required Mobile Number should be Valid
DOB is required DOB should be Valid
Annual Income is required
Please tick to proceed further.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

Retire with Income, Not Just Memories!

Start With a Small Investment of ₹15,000/month*
  • Life Cover + Guaranteed Benefits
  • Guaranteed Income Payouts
  • Flexible Premium Payment
  • Tax Benefits

 

Secure your golden years in just a few clicks!

Enter Valid Name Enter Your Name
Enter Valid Mobile Number Enter Your Mobile Number
Enter Valid Email Enter Your Email
12/11/1997
This plan is not available for below 18 years of age Enter your Date of Birth
Annual Income should be greater than 5 Lakh Select your annual income bracket
Consent is required

Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy Holder Name

Policy No.

Policy Number

Address of the Policyholder as per records

Address

Unclaimed Amount

Unclaimed Amount

Request Registered

Thank You for submitting the response, will get back with you.

.  Please use this ID for all future communications regarding this concern.

Request Registered

Thank You for submitting the response, will get back with you.

Find the Retirement Corpus You Need

Our retirement calculator helps you visualise your financial future, whether you're just starting out or getting ready to retire. By entering a few details, you can see how much you need to save to enjoy the lifestyle you dream of.

Retirement Calculator

A retirement planning calculator is a simple tool that gives you an idea of the corpus you can accumulate with a regular monthly investment for your golden years.

1
My Retirement Age
2
Amount Invested
3
Additional Details
4
Our Recommendation
My Retirement Age
Amount Invested
Additional Details
Our Recommendation
Retirement
Your Current Expenses are Rs 50,000/month
Inflationary Expenses you will need post retirement Rs 1,00,000/month
Hi {customerName}
We recommend to start Investing
For remaining {remainingYears} years
View Now
Desclaimer-

The above calculation and illustration of figures are indicative only and not on actual basis.

Step-by-Step Planning Guide

By following these steps, you can ensure a financially secure and stress-free retirement.

  • Step 1: Set Your Retirement Goals- Determine your desired retirement age and estimate your post-retirement expenses. The expenses can include daily living costs, medical needs, travel, and lifestyle choices. Consider inflation while calculating future expenses.

  • Step 2: Assess Your Current Financial Position- Evaluate your existing savings, investments, and retirement funds such as EPF, PPF, NPS, or pension plans. Identify any gaps between your current savings and your required retirement corpus.

  • Step 3: Choose the Right Retirement Plan- Select a retirement investment plan that aligns with your risk appetite and financial goals. Options include National Pension Scheme (NPS), annuity plans, mutual funds, and other pension schemes.

  • Step 4: Start Investing Early- The earlier you start investing, the more you benefit from compounding returns. Set up systematic contributions to your retirement funds through SIPs, fixed deposits, or pension plans.

  • Step 5: Diversify Your Investments- Build a balanced portfolio with a mix of equity, debt, and fixed-income assets to reduce risk and maximise returns. Adjust allocations based on your age and risk tolerance.

  • Step 6: Review and Adjust Your Plan Regularly- Monitor your retirement investments periodically and make necessary adjustments based on changes in market conditions, lifestyle, or financial goals.

  • Step 7: Create an Emergency Fund- Keep at least 6-12 months' worth of expenses in an easily accessible emergency fund to cover unexpected costs without dipping into your retirement savings.

  • Step 8: Secure a Steady Income Post-Retirement- Decide how to withdraw your corpus as a lump sum or through annuities. Consider investment options that generate regular income, such as rental properties, fixed deposits, or dividend-yielding stocks.

How Much Should You Contribute to Your Retirement?

The answer depends on your current age, expected retirement age and your contributions so far. Simply put, you can follow the chart below to decide ideal contribution for your financially healthy retirement:

Saving an adequate amount is essential to your happiness after retirement. But what is that adequate amount?

The answer to this question depends on your current age as well as the contributions you have made so far. The retirement age is generally 60. So, if you decide to start contributing when you have 30 years left to retire, that is you are 30 then putting aside 10-12% of your annual income will be good enough.

But as you grow older and don’t invest, your contribution will increase. If you now have only 20 years to retire, then the amount you have to contribute each year will increase to 20% of your salary.

This cycle goes due to the compounding returns. This is why you are advised to start investing early.
 

Years to RetireMin. Contribution to Retirement Funds
30 or more10% of annual income
20 to less than 3020% of annual income
Less than 2035% or more
Less than 1090% or more


Assuming an ROI of 8% p.a. on retirement investments and the expected retirement age of 60

The less time you have, the higher your contribution has to be towards retirement. That is unless you already have a pool of funds available.

Canara HSBC Life Insurance

We have over 15 years of experience in delivering exceptional value to our customers through our range of individual and group insurance solutions, designed to meet their various needs, including savings and investment, retirement, protection, and more.
 

15,700 Partner Branches

15,700 Partner Branches

Canara Bank, HSBC India, Other Alternate Channels

₹400,127.4 Mn Assets Managed

₹400,127.4 Mn Assets Managed

Assets Managed as of 31 December 2024

99.31% Claims Settled

99.31% Claims Settled

Claims Settled in FY 2023-2024

215.00% Solvency Ratio

215.00% Solvency Ratio

Way Above the IRDAI Mandate

Frequently Asked Questions

Yes, basis your need, you can buy the iSelect Guaranteed Future Plus and opt the plan option wherein you can get Income or lump sum benefits or mix of both.

No, you will not be able to change the premium payment mode that you have opted for during the policy commencement.

With this benefit, all future premiums will be waived off in the event of the death of the Payor (i.e., the Policyholder) anytime during the Policy term provided the Policy is in force. In case where Policyholder and Life Assured are the same, Sum Assured on Death will be payable immediately, and all future premiums payable shall be waived off. This benefit can be opted with the Endowment Option and Regular Income Option.

100% Guaranteed Returns*

Connect to Expert

Disclaimer

 

*The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 15,000 (excluding taxes), premium payment term 10 years and policy term 15 years. The maturity benefit in form of a lumpsum benefit equal to Rs.33,85,000 is paid at the end of the 15th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.

**The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 30,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 1,02,78,333 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.

^The benefit is calculated for a 25 years old male, opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and chosen annual premium Rs.2,50,000 (excluding taxes), Premium Payment Term - 10 years, Consolidation Period- 15 years, Income period - 20 years and Policy Term - 35 years. Annual Income of Rs.3,87,875 will commence from the end of 16th policy year onwards till the end of 35th policy year. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply.

^^The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 10,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 34,24,444 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.

  1. Benefits are guaranteed provided the policy is in force and all premiums are paid as and when due.
  2. Provided all premiums are paid as and when due.
  3. Payor Premium Protection cover can be opted with Endowment Option and Regular Income Option
  4. Return of Premium equals to 100% of Total Premiums Paid will be paid at Policy Maturity.
  5. Tax benefit of ₹ 46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an assessee on life insurance premium of ₹ 1.5 lacs under Income Tax Act, 1961 and tax benefit may vary from assessee to assessee. Tax benefits/savings are subject to provisions under section 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Goods & Services Tax will be charged on the premium amount. Please consult your independent tax advisor for details.
  6. The calculation is shown for Endowment Option
  7. Individual death claims settled and reported for FY 2023-24.
  8. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 5,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.16,31,944 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  9. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 15,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.51,36,667 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  10. The benefit is calculated for a 25 years old male, opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Regular Income Option, annual premium Rs.1,00,000 (excluding taxes), premium payment term 10 years and policy term 40 years. Guaranteed income of Rs.1,07,810 shall be paid annually for 30 years post completion of Premium Payment Term & maturity benefit equal to Rs. 1,50,000 as lumpsum shall be paid at the end of the 40th policy year, provided the policy is in-force and all due premiums have been paid. T&C apply.
  11. The above scenario has been calculated for an individual who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and has chosen Premium Payment Term - 10 years, Consolidation Period- 15 years, Income period - 40 years and Policy Term - 55 years. Income will commence from 16th year onwards till 55th year & will be paid at the end of month/yearly on basis of chosen income payout frequency at inception. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply.
  12. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 29,188 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 1,00,00,133 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  13. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, annual premium Rs. 1,00,000(excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.30,02,000 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  14. The minimum monthly mode premium of Rs.1800 (excluding taxes) is available under iSelect Guaranteed Future Plus with all plan options. T&C apply.
  15. The benefit is calculated for a 25 years old male, opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and chosen annual premium Rs.2,00,000 (excluding taxes), Premium Payment Term - 10 years, Consolidation Period- 15 years, Income period - 30 years and Policy Term - 45 years. Annual Income of Rs. Rs.2,84,480 will commence from the end of 16th policy year onwards till the end of 45th policy year. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply.
  16. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 20,000 (excluding taxes), premium payment term 12 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.73,13,333 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  17. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 5,000 (excluding taxes), premium payment term 12 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.17,45,000 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  18. The benefit is calculated for a 25 years old male, opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and chosen annual premium Rs.1,00,000 (excluding taxes), Premium Payment Term - 10 years, Consolidation Period- 15 years, Income period - 20 years and Policy Term - 35 years. Annual Income of Rs. Rs.1,51,740 will commence from the end of 16th policy year onwards till the end of 35th policy year. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply.
  19. The benefit is calculated for a 25 years old male, opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and chosen annual premium Rs.1,00,000 (excluding taxes), Premium Payment Term - 10 years, Consolidation Period- 15 years, Income period - 40 years and Policy Term - 55 years. Annual Income of Rs. Rs.1,34,790 will commence from the end of 16th policy year onwards till the end of 55th policy year. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply.
  20. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, annual premium Rs. 1,50,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.45,03,000 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  21. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs.14,601(excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.50,00,031 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  22. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs.10,000 (excluding taxes), premium payment term 10 years and policy term 15 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 22,56,667 is paid at the end of the 15th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  23. The benefit is calculated for a 35 years old male, who opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus - Long Term Income with Return of Premium Option and chosen monthly premium Rs.10,000 (excluding taxes), Premium Payment Term - 10 years, Consolidation Period- PPT+2 years, Income period - 20 years and Policy Term - 32 years. Annual Income of Rs. 1,48,056 will commence from the end of 13th policy year till the end of 32nd policy year. Return of Premium as equal to 100% of Total Premiums payable will be paid at policy Maturity. The above benefits will be applicable, provided the policy is in-force till the end of the Policy Term. T&C apply. 
  24. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, annual premium ₹5,000 (excluding taxes), premium payment term 10 years and policy term 15 years. The maturity benefit in form of a lumpsum benefit equal to ₹ 11,27,222 is paid at the end of the 15th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  25. The maturity benefit is calculated for a 30 years old healthy male who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs.10,000 (excluding taxes), premium payment term 10 years and policy term 15 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 22,47,222 is paid at the end of the 15th year, provided the policy is in-force and all due premiums have been paid. T&C Apply. 
  26. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, monthly premium Rs. 20,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs.68,52,222  is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.
  27. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future Plus with Endowment Option, annual premium Rs. 2,40,000 (excluding taxes), premium payment term 10 years and policy term 20 years. The maturity benefit in form of a lumpsum benefit equal to Rs. 72,08,400 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. T&C Apply.

 

  • BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

  • Canara HSBC Life Insurance Co Ltd   |   IRDAI Registration no: 136   |   LPDMIGFPLUSCHLOCT24 ENG   |   UIN: 136N098V02
  • Data collected by the company is subject to the Terms & Conditions laid out in the Privacy Policy | ©2022 Canara HSBC Life Insurance Co. Ltd.