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Invest 4G Plans

Invest 4G

In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN:136L064V01

You have dreams for yourself and your loved ones. You work hard & earn to accomplish these dreams and provide your loved ones a better future. In order to build a better life and realize your dreams, you always need to plan ahead. That's why you need a comprehensive solution that helps you achieve these dreams and can also be customized to match your needs while giving you peace of mind. Keeping this in mind, we have introduced our new plan "Canara HSBC Oriental Bank of Commerce Life Insurance Invest 4G" – A protection and savings oriented Unit Linked Insurance Plan which not only gives you choice to opt for protection suitable to you but also provides you opportunity to save for your dreams & life goals. Moreover, it adds back to your savings through Loyalty Additions & Wealth Boosters and also returns the Mortality Charges on policy maturity thereby maximizing your savings.

Three Plan options to choose from:
Invest 4G provides protection features through different benefit options to suit your needs. You can choose your benefit option as below and customize your plan

Benefit Option Protection against
Death Future Premium Funding after Death
Life Option Yes --
Life Option with PFB Yes Yes
Whole of Life Option Yes --

Invest 4G Plan Product Parameters Product Parameters

Invest 4G Plan Age Criteria

Age Criteria

  • Entry Age (Life Assured)

    Life Option

    Minimum

    18 years

    Maximum

    50 years

    Life Option with PFB

    Minimum

    18 years

    Maximum

    50 years

    Whole of Life Option

    Minimum

    18 years

    Maximum

    65 years
  • Max. Maturity Age

    For Life Option:

    Minimum

    23 years

    Maximum

    80 years

    For Life Option with PFB:

    Minimum

    28 years

    Maximum

    80 years
Invest 4G Plan Term

Policy Term


Option Premium Payment Option Premium Payment Term (PPT) (in years) Policy Term (PT) (in years)
Life Option Limited Pay 5,6,7,8,9,10,15,20,25 5 to 30 years (inclusive)
Regular Pay Same as PT 5 to 30 years (inclusive)
Life Option with PFB Limited Pay 10,15,20,25 10 to 30 years (inclusive)
Regular Pay Same as PT 10 to 30 years (inclusive)
Whole of Life Option Limited Pay 10,15,20,25,30 99-Age at entry
Regular Pay Same as PT 99-Age at entry
Invest 4G Plan Sum Assured

Sum Assured

  • For ages below 45: 10 times the Annualized Premium or
    0.5 * T * Annualised Premium#
    For ages 45 and above: 10 times the Annualized Premium or
    0.25 * T * Annualised Premium#
Where T is the Policy Term for Option 1 (Life option) & Option 2 (Life Option with Premium Funding Benefit Option). For Option 3 (Whole of Life Option),T shall be taken as 70-age at entry
#Annualized premium is the sum of total due Premium(s) in a Policy Year during Premium Payment Term.
Invest 4G Plan Premium Payment Details

Premium Payment Details

  • Premium Amount & Premium Payment Modes
    Mode Minimum Maximum
    Annual 50,000/- per annum No
    Limit
    Half Yearly 30,000/- semiannual
    Quarterly 15,000/- per quarter
    Monthly* 5,000/- per month
*Please note that the Company may accept first 3 month's Premium in advance and subsequently through standing instruction.

Our Invest 4G is a unit linked life insurance plan that offers multiple choices to invest your savings along with the benefit of a life insurance cover. With this plan you can create wealth for yourself to fulfill your dreams

  • Choose between 7 different funds and 4 portfolio strategies to invest your money.
  • Loyalty Additions & Wealth Boosters as additional allocation of units to boost your savings.
  • Return of Mortality Charge on Maturity under Benefit Option 1 (Life Option).
  • Flexibility of switching and redirection between the fund options to take advantage of market movements or change in risk preference
  • Option for partial withdrawals to help you meet unplanned contingencies or meet changing needs of your family
Death Benefits
1. Life option & Whole of Life Option

In the unfortunate event of your demise while the Policy is in-force, your family will receive higher of:

  • Sum Assured less applicable partial withdrawals, or
  • Fund Value, or
  • 105% of all Premiums paid
2. Life option with Premium Funding Benefit

This plan helps you remain at peace knowing that your family's immediate and future financial needs are taken care of even in case of your demise.

In the unfortunate event of your demise, higher of the following as lump sum will be paid immediately:

  • Sum Assured or,
  • 105% of total Premiums paid till death
  • Plus
  • All future Premiums are funded by the Company as and when due, and
  • Fund Value is paid on maturity
Maturity Benefits

On maturity, you will receive the Fund Value based on the prevailing NAVs. You also have the option to take Fund Value on maturity in periodic installments as per Settlement Option. (The details on Settlement Option is given below).

Return of Mortality Charge

An amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value at the maturity date, provided all due premiums have been received till the maturity date. This feature is only available under Benefit Option 1 (Life Option) and is not available under the other two Benefit Options.

Choose your Funds or Portfolio Management Option

This Plan gives you the flexibility to manage & control the savings in your own way. Here you can choose from a range of 7 Unit Linked Funds. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.

  • Emerging Leaders Equity Fund
  • India Multi-Cap Equity Fund
  • Equity II Fund
  • Growth Plus Fund
  • Balanced Plus Fund
  • Debt Fund
  • Liquid Fund

Alternatively, you may select one among following 4 different Portfolio Management Options to manage and build on wealth.

1. Systematic Transfer Option (STO)

If you want to invest in equity oriented fund but worry about market volatility and risk associated with lump sum investment, then you can opt for STO which enables you to enter the equity market in a systematic manner. Through this option, your entire Premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis into any one of the Unit Linked Funds - Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund as chosen by you.

2. Return Protector Option (RPO)

This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd Policy Year onwards, your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.

3. Auto Funds Rebalancing (AFR)

If you wish to maintain allocation of your investments in a specific proportion across different Unit Linked Funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various Unit Linked Funds to the allocation proportions chosen by you.

4. Safety Switch Option (SSO)

As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four Policy Years.

Loyalty Additions

Your plan provides fund value related Loyalty Additions from the end of every 5th policy year starting from the commencement of the Policy i.e. 5th Policy Year, 10th Policy Year, 15th Policy year etc. provided all the due premiums are received till that time. The Loyalty Additions will be added in the same proportion as the value of total units held in the unit linked funds at the time of additions. The Loyalty Additions will be equal to 0.5% of the average Fund Value of last 60 monthly policy anniversaries.

Wealth Boosters

In addition to the Loyalty Additions, your Plan offers Wealth Boosters based upon Premium Payment Term as per the table below, provided all due premiums have been received till the time of the additions. The Wealth Boosters will be paid as a percentage of average Fund Value of last 60 monthly policy anniversaries and will be added in the same proportion as the value of total units held in the unit linked funds at the time of additions.

End of Policy Year Premium Payment Term (in years)
Between
10 – 14
Between
15 - 19
Between
20 - 24
Between
25 - 29
  30
10 1.0% 1.0% 1.0% 1.0% 1.0%
15 NA 1.5% 1.5% 1.5% 1.5%
20 NA NA 2.0% 2.0% 2.0%
25 NA NA NA 2.5% 2.5%
30 NA NA NA NA 3.0%

For Regular Premium policies under Benefit Option 3 (Whole Life Option), Wealth Boosters of 3% of average Fund Value of last 60 monthly policy anniversaries will continue to be paid in gap of every 5 years, post completion of first 30 Policy Years, provided all premiums are received till that time.

Other Benefits

Settlement Option: You can choose to receive your maturity benefit through Settlement Option in installments as per the frequency chosen by you, over a maximum period of 5 years. There will not be any life cover during this period and you may opt for complete withdrawal of Fund Value at any time during this period.

Tax Benefits#

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.

#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 advisor.

Illustration 1: Rahul, aged 30, is planning to pay premiums annually on a regular basis in Invest 4G. He can utilize the various "Benefit Options" in order to fulfil his different needs.

Scenario 1:
Rahul opts for 'Life Option' under this plan with Premium Paying Term & Policy Term of 15 years to create an asset for his family.

Maturity Benefit:
The table below shows maturity values for multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in Equity II Fund.

Annual Premium () Sum Assured () Total Premium Paid () Total Maturity Benefit()
(Fund Value) at the end of 15 years
4%## 8%##
50,000 5,00,000 7,50,000 9,30,684 12,94,374
75,000 7,50,000 11,25,000 13,96,027 19,41,561
1,00,000 10,00,000 15,00,000 18,61,369 25,88,748

Scenario 2:
Rahul is married & have a 3 years old daughter. Rahul's need is to create a corpus for the future of his daughter. He is looking for a customized solution which ensures that in an event of death the family's immediate needs are met & in the meantime his dream for providing a corpus to his daughter is also met. Hence Rahul chooses 'Life Option with PFB' under this plan.

Maturity Benefit:
The table below shows maturity values with multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in an Equity Fund II.

Annualized Premium () Sum Assured () Total Premium Paid () Total Maturity Benefit ()
(Fund Value) at the end of 15 years
4%## 8%##
50,000 5,00,000 7,50,000 9,07,350 12,64,765
75,000 7,50,000 11,25,000 13,61,025 18,97,148
1,00,000 10,00,000 15,00,000 18,14,700 25,29,531

Illustration 2: Mr. Singh, age 40, chooses Benefit Option 3 (Whole of Life Option) in our Invest 4G plan, to pay annual premiums for a period of 20 years as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] the annual premium.

Maturity Benefit:
The table below shows fund values for multiple scenarios at age 99 assuming annual gross investment return of 4% and 8% with 100% investment in Balanced Plus Fund.

Annualized Premium () Sum Assured () Total Premium Paid () Total Maturity Benefit()
(Fund Value) at age 99.
4%## 8%##
50,000 7,50,000 10,00,000 33,92,603 2,30,94,868
75,000 11,25,000 15,00,000 50,88,905 3,46,42,302
1,00,000 15,00,000 20,00,000 67,85,207 4,61,89,736

##The assumed rates of return (4% p.a. and 8% p.a.) shown in the above illustrative examples of different scenarios are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges including applicable Goods and Services Tax & applicable cess (es)/levy, if any, (@18%).