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.
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.
This plan has a simple enrolment process where the member are required to fill up a simple form to get the cover
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
Your member's need for protection of life is met at an affordable cost
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
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.
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.
The tax benefits are as per the prevailing law and are subject to changes. For specific details, please contact your tax consultant.