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customerservice@canarahsbclife.in
UIN: 136N024V05
When it comes to helping your customers fulfil their dreams, you want to ensure that you can provide them the perfect solution for their requirements. Canara HSBC Life Insurance Group Secure is an insurance plan that will help ease your customer's worries by safeguarding their family's future from the loan liabilities.
'Group Secure' plan can be offered to customers of financial institutions/ bank/ co-operative banks/ other lending institutions providing various types of loans like housing loans, vehicle loans (Car, 2-Wheeler, commercial vehicle), education loans, personal loans, loan against property and business loans.
For detailed description of the product features, benefits, flexibilities & boundaries, exclusions kindly refer to the brochure
Choice of Level or Reducing Sum Assured.
Choice of Death Cover or Death and Total and Permanent Disability Cover.
Single pay, Limited pay (5 years) or Regular pay. Limited and Regular pay options will only be allowed to provide cover against Home loan and Loan against Property.
Option to get the insurance premium funded by the Bank, in which case, the premium is added to the loan amount and is paid by the borrower to the bank along with the EMI.
For loans with a moratorium period, the cover term will also include the moratorium period and during the moratorium period the cover may be level or increasing as per the terms and conditions agreed with the Master Policyholder.
Joint borrower coverage available for a maximum of three joint borrowers, with two options for coverage namely, Joint Basis (coverage for full sum assured for all borrowers) and Loan Share Basis (coverage as per loan share percentage).
The tax benefits are as per the prevailing law and are subject to changes. For specific details, please contact your tax consultant.
#Tax Benefits under the policy 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 advisor18 years for all kinds of loans other than Education Loan; 12 years for Education Loan; 18 years for Total and Permanent Disability (TPD) benefit. The eligibility criteria may vary based on scheme rules within the above limits.
64 years
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69 years
Home/Lap
30
2 years for Single premium and 5 years for Regular and Limited premium option.
Education/4 Wheeler/ Business loan
15
Personal/ Commercial vehicle/ 2 Wheeler
10
The eligibility criteria may vary based on scheme rules within the above limits.
₹ 10,000
No Limit*
The eligibility criteria may vary based on scheme rules within the above limits.
There is no upper limit on the basic Sum Assured in case of Death cover only option. However in case of Death and TPD option, the Sum Assured will be limited to a maximum of Rs. 10,000,000 per member.