About
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
Ensure financial protection for your family in case of any eventuality
All the policy benefits are upfront guaranteed at start of the policy
Maturity proceeds are paid in form of Regular Income to take care of the recurring expenses and post retirement days
With Premium Protection Cover option, in case of an eventuality, further premiums are waived and income will be paid as planned
Cover your close one in the same policy and ensure income for his/ her lifetime
Regular Income can be annual/ semi-annual/ quarterly/ monthly – the way you want.
As per applicable laws as amended from time to time
Why Choose
Backed by Canara Bank,
Punjab National Bank
& HSBC
₹21,900 crores as on
31st March 2021*
97.1% Individual Claim
Settlement Ratio*
Our
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.
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.
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.
Frequently
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.
• 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.