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Smart Suraksha Plan

Smart Suraksha Plan

UIN: 136N039V03

Canara HSBC Oriental Bank of Commerce Life Insurance Smart Suraksha Plan is a pure protection plan that provides life insurance cover along with the option to cover against accidental death/ disability.

Smart Suraksha Plan Product Parameters Product Parameters

Smart Suraksha Plan Age Criteria

Age Criteria

  • Entry Age

    Minimum

    18 years

    Maximum

    65 years
  • Maximum Maturity Age
    75 years
Smart Suraksha Plan Policy Term

Premium Payment & Policy Term


  • Policy Term:
    5 yrs* /10 yrs/ 15 yrs/ 20 yrs/ 25 yrs/ 30 yrs or coverage up to Age 60*
  • Premium Payment Term:
    Regular premium payment
    (Same as Policy Term)
*Policy terms available to fixed age groups, please refer to the sales brochure for details
Smart Suraksha Plan Sum Assured

Sum Assured

  • Minimum Sum Assured :
    20,00,000 & above (subject to underwriting)
  • Maximum Sum Assured:

    In Life Cover option:

    No limit

    Under Accident Plus:

    3 Cr

    Under Disability Plus:

    1 Cr
Smart Suraksha Plan Premium Payment Details

Premium Mode & Annual Premium

  • Premium Mode
    Yearly/ monthly
  • Annual Premium
    Minimum Premium:It will depend on minimum entry age and minimum sum assured.
    Maximum Premium: No LimitNo Limit

In an unpredictable life, our loved ones usually depend on us for their happiness and security; and we should do our best to ensure that their future is secure even in our absence.

  • Get Life Insurance Cover at a low cost.
  • Option to cover accidental death or/and total and permanent disability.
  • Reward for healthy lifestyle - lower premium rates for non-consumers of tobacco.
  • Rebate for higher sums assured.
  • Rebate for women.
  • Tax benefits on premium payments*
*Tax Benefits under the plan 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.
Death Benefit (as per plan option)
  • Life Cover: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee.
  • Accident Plus: In case of the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured.
  • Disability Plus: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. In case the life insured suffers from accidental total and permanent disability, the sum assured under the policy will be paid to the life assured and the policy will terminate.
Maturity Benefits

This being a term plan, no benefits are payable on maturity.

Other Benefits

Rebates:

  • On High Sum Assured: Sum Assured of Rs. 1 crore and above is eligible for a discount
  • For women: For policies purchased by women, the premium would be set back by 3 years
Tax Benefit #

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961.

#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.

Smart Suraksha provides you life insurance cover at a low cost. Please refer to the following table to get a quick and easy idea of the annual premium payable under this plan for each of the options

(the premiums are for a healthy male life and exclusive of Goods and Services Tax & Applicable cess (es)/levy, if any:

Sum Assured Age Plan option Policy term
15 yrs 20 yrs 25 yrs
50,00,000 30 yrs Life Cover 4,782 4,887 5,399
Accident Plus 7,641 7,659 8,140
Disability Plus 8,485 8,485 8,928
40 yrs Life Cover 7,386 8,555 10,077
Accident Plus 10,158 11,289 12,791
Disability Plus 10,959 12,069 13,558

Premium rates for tobacco users will vary. Under this Plan, women enjoy better rates as compared to men of the same age. Women will get a 3 year age setback in premium rates as compared to the men. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode. For a personalized quote please refer to the premium calculator.