In this policy the investment risk in investment portfolio will be borne by the policyholder.
About Global Wealth Plan
UIN: 2026L002V01
Life is filled with dreams that matter deeply to you, your family’s future, your child’s aspirations, the milestones you want to achieve, and the legacy you hope to leave behind. With Global Wealth Plan, you can turn those aspirations into a meaningful financial journey by building long-term wealth in US Dollars while staying protected with life cover. Thoughtfully designed to grow with you as life changes, the plan brings together global investment opportunities, Zero Premium Allocation Charges, Zero Policy Administration Charges and the flexibility to adapt your policy around your evolving needs. So whether you are planning for tomorrow’s responsibilities or creating something lasting for the people you love, Global Wealth Plan helps you move forward with confidence, purpose and a truly global outlook.
- Wealth Option: Life cover through the policy term with Fund Value paid at maturity for long‑term wealth growth
- Wealth Plus Option: This option ensures your loved ones receive a lump‑sum payout immediately in case of your sudden demise, and the Fund Value at maturity, while all future premiums are taken care of by the company
- Wealth Forever: A whole-life option providing long-term global market exposure with life cover till age 100 years.
Why Buy Canara HSBC Life Insurance Global Wealth Plan?
Key Highlights:
- Invest in US Dollars through GIFT City and grow your money across global funds - equity, precious metals and debt - giving your money a truly global reach
- Zero Premium Allocation and Zero Policy Administration Charges - so more of your money stays invested and keeps working for you
- Premium Funding Benefit under Wealth Plus option to help keep your child’s future plans on track
- Maturity Boosters at the end of the Policy Term under Wealth and Wealth Plus options, giving your savings a final uplift
- Loyalty Additions of 4.5% of the average Fund Value, added every 15 policy years under the Wealth Forever option to reward your long-term commitment
- Avail Tax Benefits under this product may be available as per the prevailing Income Tax laws in India. You are requested to consult your tax advisor for advice on Tax Benefits.
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Benefits of the Plan
- Death Benefit
- Maturity Benefit
- Choice of Funds
- Additions to the Fund
- Product Flexibilities
- Plan at a Glance
Death Benefit:
The Benefit(s) will be payable as per the Plan Option chosen by you and will be paid to the Claimant. The benefits under each Plan Option will be as follows:
A. Wealth and Wealth Forever Options
- If all due premiums have been paid and the Policy is in-force: Higher of (a) Sum Assured plus top-up Sum Assured, if any, less all partial withdrawals and SWO withdrawals made till the date of death, or (b) Fund Value (including top-up, if any) as on the date of intimation of the death claim shall be payable. The Policy will terminate after payment of this benefit.
- If due premiums have not been paid during the first 3 Policy Years (first 2 Policy Years where PPT is 2 years): Fund Value as on the date of intimation of the death claim shall be payable. The Policy will terminate on payment of this benefit.
- If due premiums have been paid for at least the first 3 Policy Years and premiums are discontinued thereafter (not applicable where PPT is 2 years): Higher of (a) Paid-up Sum Assured plus top-up Sum Assured, if any, less all partial withdrawals and SWO withdrawals made till the date of death, or (b) Fund Value (including top-up, if any) as on the date of intimation of the death claim shall be payable. The Policy will terminate on payment of this benefit.
The Paid-up Sum Assured will be calculated by multiplying the Sum Assured with the total number of premiums paid divided by the total number of premiums payable during the Policy Term.
B. Wealth Plus Option (with Premium Funding Benefit)
- If all due premiums have been paid and the Policy is in-force:
- Sum Assured, along with Top-up Sum Assured (if any), shall be payable.
- Premium Funding Benefit shall apply. All charges, except Mortality Charges and Premium Funding Benefit Charges, shall continue to be deducted from the unit account until maturity of the Policy.
- If due premiums have not been paid during the first 3 Policy Years (first 2 Policy Years where PPT is 2 years): Fund Value as on the date of intimation of the death claim shall be payable. The Policy will terminate on payment of this benefit.
- If due premiums have been paid for at least the first 3 Policy Years and premiums are discontinued thereafter (not applicable where PPT is 2 years): Paid-up Sum Assured plus top-up Sum Assured, if any, Plus Fund Value (including top-up, if any) as on the date of intimation of the death claim, shall be payable. The Policy will terminate on payment of this benefit.
The Paid-up Sum Assured will be calculated by multiplying the Sum Assured with the total number of premiums paid divided by the total number of premiums payable during the Policy Term.
Paid-up Sum Assured payable on death under this benefit option is not reduced by the partial withdrawals / withdrawals under SWO made prior to the death of the Life Assured.
Maturity Benefit
On Maturity of the Policy, following benefits are payable under the Plan Options:
- Promise4Wealth Plus and Promise4Life Plus options: In case the Life Assured survives till the maturity of the Policy, Fund Value as on the date of maturity is payable and the Policy will terminate upon payment of such benefit.
- Promise4Care Plus option: Fund Value as on the date of maturity is payable to the Life Assured, if the Life Assured is alive or to the Claimant, if the Life Assured is not alive.
You also have the option to receive Maturity Benefit as a structured payout using Settlement Option under Promise4Wealth Plus Option and Promise4Care Plus option.
Additions in the fund
- Loyalty Additions from end of 5th Policy Year from the date of commencement and every 5th Policy Year thereafter i.e. 10th, 15th 20th Policy Year etc. till end of Premium Paying Term.
- Wealth Boosters at end of 10th Policy Year from the date of commencement and every 5th Policy Year i.e. 15th, 20th Policy year etc. thereafter till end of Policy Term
- Mortality Charges deducted during the Policy Term will be added to the Fund Value at maturity
For Wealth, Wealth Plus and Wealth Forever Option
On the maturity date, if Settlement Option has not been opted for, Fund Value plus Top-up Fund Value, if any, as on the date of maturity is payable to the Claimant and the Policy will terminate upon payment of the Maturity Benefit.
This plan gives you the flexibility to manage and control the savings in your own way. Policyholders will have the option to invest in any of the following unit-linked funds in the proportion desired.
- Global Innovation Fund
- Global Precious Metals Fund
- Global Equity Fund
- India Focused Equity Fund
- Equity II Fund
- Debt-II Fund
Maturity Booster (Wealth & Wealth Plus Options)
Under the Wealth and Wealth Plus options, a Maturity Booster will be added to the Fund at the end of the Policy Term as a percentage of the average Fund Value of the last 60 monthly policy anniversaries, provided all due premiums have been received till that time.
Policy Term (Years) | Maturity Booster (% of Average Fund Value) |
10 to 14 | 0.75% |
15 to 19 | 1.00% |
20 to 40 | 1.60% |
Return of Mortality choices
Wealth & Wealth Plus Options:
Under the Wealth and Wealth Plus options, an amount equal to 50% of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value on the maturity date, provided all due premiums have been received till the maturity date.
For example, if the total Mortality Charges deducted during the Policy Term are USD 1,000, then an amount of USD 500 (i.e. 50% of such charges) will be added to the Fund Value on the maturity date, provided all due premiums have been received till the maturity date.
Wealth Forever Option:
Under the Wealth Forever option, an amount equal to 50% of all the Mortality Charges deducted till the end of the 15th policy year will be added to the Fund Value on completion of the 15th policy year (i.e. the 180th policy month) and remaining 50% on completion of the 20th policy year (i.e. the 240th policy month) each, provided all due premiums have been received till that time.
For example, if the Mortality Charges deducted till the end of the 15th policy year are USD 1,000, then an amount of USD 500 will be added to the Fund Value on completion of the 15th policy year and a further USD 500 will be added on completion of the 20th policy year, provided all due premiums have been received till that time.
Return of Mortality Charges under all Plan Options will be added subject to the following conditions:
- The amount of Return of Mortality Charge will be added in the same proportion as the value of total units held in the unit-linked funds at the time of addition. Unit Price as on the time of addition will be used for the unitization.
- The amount payable under the Return of Mortality Charge feature shall exclude any additional charges in respect of mortality that are deducted due to the Life Assured being sub-standard life on grounds of health or is a higher risk for factors other than health such as occupation, etc.
- The amount payable under the Return of Mortality Charge feature shall exclude taxes and applicable cess (es), if any, that have been deducted with respect to mortality charges.
Loyalty Additions (Wealth Forever Option)
Under the Wealth Forever Option, a Loyalty Addition of 4.5% of the average Fund Value of the last 60 monthly policy anniversaries will be added to the Fund on completion of every 15 policy years (i.e. at the end of the 15th, 30th, 45th policy year and so on), provided all due premiums have been received till that time.
- Partial Withdrawals
You can make partial withdrawals from the 4th policy year onwards, provided all due premiums for the first 3 years are paid. - Settlement Option
Option to receive your maturity payout in instalments over a maximum period of 5 years. - Premium Redirection
Option to change how your future premiums are invested by redirecting them to different funds. - Switching
Move your existing fund value from one fund to another anytime during the policy term or Settlement Period. - Option to increase/decrease Policy Term
Increase or decrease your policy term once during the entire policy duration, after completion of first 3 policy years.
Parameter | Wealth Option | Wealth Plus Option | Wealth Forever Option |
Entry Age of the Life Assured (last birthday) | 1 month to 70 years | 18 to 70 years (Life Assured = Policyholder) | 1 month to 70 years |
Maturity Age (As on last birthday) for the Life Assured | 18 to 99 years | 23 to 99 years | 100 years |
Policy Term (PT) | Single Pay: 5-25 yrs; | Limited/Regular Pay: 5-40 yrs | 100 minus Age at Entry |
Premium Payment Term (PPT) | Single Pay; (Subject to the boundary condition on PPT stated below) | Limited Pay: 2 to (Policy Term-1); (Subject to the boundary condition on PPT stated below)
| Age ≤40: 5 to 20 yrs; (Subject to the boundary condition on PPT stated below)
|
Top-up PT | Top-up Policy Term shall be equal to the outstanding Policy Term of the base policy. | ||
Annualized Premium/Single Premium (USD) | Minimum: Annually- 1200, Half Yearly- 600, Quarterly- 300, Monthly- 100 | Top-up- 2,000, Single Pay-3,000 Maximum: No Limit (Subject to Board Approved Underwriting Policy) | ||
The Life Assured and Policyholder can be different under this product. In the scenario wherein the Policyholder and Life Assured are different, the maximum entry age for the Policyholder shall be equal to 70 years. The Minimum and Maximum Premium Payment Term stated above are further subject to the boundary condition that the applicable age at entry of the Policyholder / Life Assured (as applicable) plus the chosen Premium Payment Term does not exceed 75 years. The Life Assured need to be Individual while Proposer/Policyholder can be Individual, Non-Individuals (HUF, Partnership and Company).
Boundary Condition on Premium Payment Term
The Premium Payment Term shall be selected such that the applicable age at entry plus the chosen Premium Payment Term does not exceed 75 years. For this purpose:
- Where the Proposer (Policyholder) and the Life Assured are the same individual, the Life Assured's age at entry shall be considered.
- Where the Proposer (Policyholder) and the Life Assured are different individuals, the higher of the Proposer's and Life Assured's ages at entry shall be considered.
- Accordingly, the maximum Premium Payment Term available shall be determined such that the applicable age at entry and the chosen Premium Payment Term, when added together, do not exceed 75 years. This condition shall apply to all Plan Options and to both Limited Pay and Regular Pay policies.
Sum Assured
Minimum Sum Assured:
For Limited/Regular Pay: 105% of Total Premium Paid; 5 times the annualised premium
For Single Pay: 105% of Single Premium; 5 times the Single Premium
Maximum Sum Assured multiple:
Limited/Regular Pay: Up to 40 times annualised premium for Wealth and Wealth Plus; up to 10 times annualised premium for Wealth Forever
Single pay- The correct line is - Single Pay: 10 times (Wealth Plus and Wealth Forever is NOT available under Single Pay)
Minimum and Maximum top-up of Sum Assured: 105% of total premium paid
Note:
- The maximum sum assured multiple will be subject to the board-approved underwriting policy
- Age means age as on the last birthday
- Annualised premium means the premium amount payable in a year, excluding taxes, rider premiums, and extra underwriting charges on riders, if any
- Total premiums paid means the total of all the premiums paid under the base product, excluding any extra premiums and taxes, if collected explicitly
- Single Premium means the amount of premium payable by the policyholder at the inception of the policy, excluding taxes, rider premiums, and extra underwriting charges on riders, if any
Frequently Asked Questions on Global Wealth Protect
Canara HSBC Life Insurance Global Wealth Plan is thoughtfully crafted to support your evolving financial goals. It offers the convenience of choosing a single, limited or regular premium payment option and enables you to create long-term wealth through US dollar-denominated investments, alongside life insurance protection and a lump-sum benefit at maturity.
There are three options:
- Wealth Option: Helps you build long-term wealth, while providing life insurance protection throughout the policy term and a lump-sum benefit at maturity.
- Wealth Plus: Is designed as a WOP solution, to help secure your loved one’s financial future. In the event of the Life Assured’s death, the Sum Assured is paid immediately and all future premiums are funded by the Company, allowing the policy and its investment benefits to continue until maturity.
- Wealth Forever: Offers lifelong financial protection with life cover extending up to age 100. It enables you to remain invested for the long term, supporting wealth creation while helping you plan for legacy and future financial needs.
There are no Premium Allocation and Policy Administration Charges
You can choose from six USD-denominated funds:
- Global Innovation Fund
- Global Precious Metals Fund
- Global Equity Fund
- India Focused Equity Fund
- Equity II Fund
- Debt-II Fund
Yes, the following are the additions:
- Maturity Booster (Wealth and Wealth Plus): 0.75% to 1.60% of the average Fund Value, depending on the Policy Term.
- Return of Mortality Charges: 50% of Mortality Charges are added back under Wealth and Wealth Plus. Under Wealth Forever, an amount equal to 50% of all the Mortality Charges deducted till the end of the 15th policy year will be added to the Fund Value on completion of the 15th policy year and the remaining 50% on completion of the 20th policy year each, provided all due premiums have been received till that time.
- Loyalty Addition (Wealth Forever): 4.5% of the average Fund Value, added every 15 policy years under the Wealth Forever option to reward your long-term commitment.