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About
Guaranteed Income4Life
It is a life insurance savings cum protection plan that offers guaranteed1 regular income to take care of your long-term and short-term financial goals. Whether it is lifelong protection for you and your spouse or fulfilling your child’s education needs or supplementing your income to take care of the increasing household expenses; this plan covers it all.
Key
Benefits of the Plan
Protection:
Ensure financial protection for your family in case of any eventuality
Guaranteed1 Benefits:
All the policy benefits are upfront guaranteed at start of the policy
Income Payouts:
Maturity proceeds are paid in form of Regular Income to take care of the recurring expenses and post retirement days
Income to safeguard your child’s future:
With Premium Protection Cover option, in case of an eventuality, further premiums are waived and income will be paid as planned
Joint-life Retirement Income:
Cover your close one in the same policy and ensure income for his/ her lifetime
Flexibility in plan:
Regular Income can be annual/ semi-annual/ quarterly/ monthly – the way you want.
Tax Benefits3
As per applicable laws as amended from time to time
Why Choose
Canara HSBC OBC Life Insurance
20,000+ Partner Bank Branches
Backed by Canara Bank,
Punjab National Bank
& HSBC
Assets under
Management
₹21,900 crores as on
31st March 2021*
Hassle-Free Claims
Process
97.1% Individual Claim
Settlement Ratio*
Our
Happy Customers
Promise is all about faith. My family has faith in me. Similarly, I have faith that Canara HSBC Oriental Bank of Commerce Life Insurance will help me protect my family even in my absence.
Mr. Piyush Kant
A promise is a thing of faith. With Canara HSBC Oriental Bank of Commerce Life Insurance, we are confident that we will be able to keep our promises to each other.
Mr. & Mrs. Manna
When this year I had a monetary problem in the family I had to withdraw part payment, the customer service team told me it will take 7 days but it only took 3 days. This made me really happy that I took this policy.
Mrs. Renuka Shetty
Frequently
Asked Questions
Yearly, Half-Yearly, Quarterly & Monthly premium payment modes are available under this plan.
Guaranteed Income Option
|
Minimum |
Maximum |
Entry Age as on Last Birthday |
3 years |
60 years |
Maturity Age as on Last Birthday |
18 years |
75 years |
Guaranteed Long-Term Income Option
|
Minimum |
Maximum |
Entry Age as on Last Birthday |
1 year |
60 years |
Maturity Age as on Last Birthday |
18 years |
75 years |
Guaranteed Life-Long Income Option
|
Minimum |
Maximum |
Entry Age as on Last Birthday |
45 years |
65 years |
Maturity Age as on Last Birthday |
50 years |
80 years |
Guaranteed Income Option - 5 /7/10 years
Guaranteed Long-Term Income Option - 5 /7/10/12 years
Guaranteed Life-Long Income Option - 5 /7/10/12 years or Single Pay
Guaranteed Income Option
|
Minimum |
Maximum |
Annual |
24,000 |
No limit (Subject to Board Approved |
Half-Yearly |
12,000 |
|
Quarterly |
6,000 |
|
Monthly |
2,000 |
Guaranteed Long-Term Income Option
|
Minimum |
Maximum |
Annual |
24,000 |
No limit (Subject to Board Approved |
Half-Yearly |
12,000 |
|
Quarterly |
6,000 |
|
Monthly |
2,000 |
Guaranteed Life Long-Income Option
|
Minimum |
Maximum |
Annual |
24,000 |
No limit (Subject to Board Approved |
Half-Yearly |
12,000 |
|
Quarterly |
6,000 |
|
Monthly |
2,000 |
|
Single Premium |
1,00,000 |
Your policy will be lapsed but you can make a request for revival of your policy anytime during the revival period of 5 years from the due date of first unpaid premium. The revival of the policy will be as per the Board Approved Underwriting Policy of the Company.
- UIN: 136N074V01
- 1Conditions Apply - Provided all premiums are paid as and when due
- 2Available with Premium Protection Cover option
- 3Tax 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.
- *As per Annual Audited Financial for the FY 2020-2021
- Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.
- Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.
- The premium shall be adjusted on the due date even if it has been received in advance.
- Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.
- The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram – 122003, Haryana, India.
- For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
- Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/1800-180-0003/1800-891-0003
SMS: 9779030003
Missed Call: 0124-6156600
Email: customerservice@canarahsbclife.in
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.
Thank you for sharing your details with us.
Our team will contact you within 48 hours to assist you with the plan