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Smart Suraksha Plan

Smart Suraksha Plan

Make the smart choice to secure your family's happiness

Smart Suraksha Plan

Smart Suraksha Plan
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About Smart Suraksha Plan

UIN: 136N039V04

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.

Why Buy

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.
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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

50,00,000

30 yrs

Accident Plus

7,641

7,659

8,140

50,00,000

30 yrs

Disability Plus

8,485

8,485

8,928

50,00,000

40 yrs

Life Cover

7,386

8,555

10,077

50,00,000

40 yrs

Accident Plus

10,158

11,289

12,791

50,00,000

40 yrs

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.

Entry Age


Minimum

18 years

Maximum

65 years

Maximum Maturity Age


75 years

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.

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

Premium Mode


Yearly/ monthly

Annual Premium


Minimum Premium: It will depend on minimum entry age and minimum sum assured.

Maximum Premium: No Limit

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