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Affordbale Life Insurance Plan

Sampoorna Kavach Plan

UIN:136N022V02

Canara HSBC Oriental Bank of Commerce Life Insurance Sampoorna Kavach Plan is a yearly renewable group term plan intended to meet and fulfill the life protection needs of the members of your group at an affordable cost. This is a traditional, non- participating life protection plan which will safeguard your members in case of an unfortunate event.

Sampoorna Kavach Plan Product Parameters Product Parameters

Sampoorna Kavach Plan Age Criteria

Age Criteria

  • Entry Age*

    Minimum

    18 years

    Maximum

    60 years
       *Age as per last birthday (l.b.d.)
Sampoorna Kavach Policy Term

Policy Term


1 Year (renewable yearly)
Sampoorna Kavach Plan Sum Assured

Sum Assured

  • Minimum Sum Assured :
    5,000
  • Maximum Sum Assured:
    50,000
For detailed description of the product features, benefits, flexibilities & boundaries, kindly refer to the brochure.

As an organization that takes care of the welfare of its members and secures them by providing means to meet their needs, you always take care of your members and their priorities. But with the uncertainties of life, there always exists a fear in their mind of the unfortunate circumstances where their families might suffer, when they are not around.

Simplicity

This plan has a simple enrolment process where the member are required to fill up a simple form to get the cover

No Medicals

The insurance cover will be provided based on individual's declaration of his/her good health and the members need not undergo any medical examination

Affordable

Your member's need for protection of life is met at an affordable cost

Flexible

The members have the flexibility of renewing the plan every year. However the renewal is subject to terms and conditions of the Master Policy and underwriting decision of the Insurer

Master Policyholder Benefit

As a Master Policyholder, this plan will facilitate you in providing insurance protection to your members. Further this will be a step towards the welfare of your members which will provide financial protection to their families.

Death benefit

In the unfortunate event of member's death, the sum assured will be paid to the nominee.

There is no maturity benefit payable under this plan.

Tax Benefit#

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.