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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


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
(18 years in case Premium Protection Cover is chosen)

60 years
(55 years in case Premium Protection Cover is chosen)

Maturity Age as on Last Birthday

18 years
(24 years in case Premium Protection Cover is chosen)

75 years

Guaranteed Long-Term Income Option

 

Minimum

Maximum

Entry Age as on Last Birthday

1 year
(18 years in case Premium Protection Cover is chosen)

60 years
(55 years in case Premium Protection Cover is chosen)

Maturity Age as on Last Birthday

18 years
(24 years in case Premium Protection Cover is chosen)

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
Underwriting Policy of the Company)

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
Underwriting Policy of the Company)

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
Underwriting Policy of the Company)

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.

Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd   |   IRDAI Registration no: 136   |    UIN: 136L063V03   |    LPNJGI4LCHOJUN21 ENG

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