Multiple plan options offer regular income to take care of both long-term and short-term financial goals
Guaranteed regular income up to 99 years of age to meet retirement expenses1
Assured Loyalty Addition(s) is the additional benefit accrued on each monthly Policy Anniversary in the last 5 years of the Policy Term
Premiums will be waived and income will be paid as planned in case of death or Accidental Total & Permanent Disability (ATPD) of the life assured with Guaranteed Income and Guaranteed Long-term Income options.
Choose from multiple income frequencies like Annually/Half Yearly/Quarterly/Monthly.
Guaranteed Income4Life is a highly customisable life insurance plan that offers various flexibilities in terms of premium payment. You can choose to pay premiums Annually, Half Yearly, Quarterly, Monthly depending on your preference.
The nominee will receive the Sum Assured on Death in addition to accrued Assured Loyalty Addition(s), if any, in case the Life Assured dies during the policy term if Premium Protection Cover is not opted.
With the Premium Protection Cover option, the nominee will receive Sum Assured in case of demise of the policyholder. On maturity, regular income based on the income period and income frequency selected shall be payable.
Accidental Total and Permanent Disability (ATPD) Benefit is offered, during policy term (Single Life), if Premium Protection Cover (PPC) is chosen. In such a scenario, all future premiums are waived off with all the benefits accruing as if the policy was in-force. Additionally, maturity benefit paid as regular income payouts during income period and as per policy chosen
In case of subsequent death of life assured during Policy Term
The length of income period varies according to the option that you choose while buying Guaranteed Income4Life.
Yes. Guaranteed Income4Life is a life insurance cum savings plan that offers maturity benefits, which is paid out to you as guaranteed income in frequency chosen by you while opting for the plan. You can build a corpus that will be returned. You can save for the rainy days well ahead to protect your loved ones and yourself.
Guaranteed Income4Life is a non-linked non-participating individual life insurance savings cum protection plan that offers guaranteed benefits. Here are a few factors that must be taken into account before buying this plan:
*COVID-19 claims are subject to terms and conditions of policy and extant regulatory framework.
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The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited, 139 P, Sector - 44, Gurugram - 122003, Haryana, India.
For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
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