Annual Income (In Lacs)

Key Advantages

Income Stream

Multiple plan options offer regular income to take care of both long-term and short-term financial goals

Guaranteed Regular Income

Guaranteed regular income up to 99 years of age to meet retirement expenses1

Assured loyalty Additions3

Assured Loyalty Addition(s) is the additional benefit accrued on each monthly Policy Anniversary in the last 5 years of the Policy Term

Protect your dream, even in case of adversity

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.

Flexibility in Plan

Choose from multiple income frequencies like Annually/Half Yearly/Quarterly/Monthly.

Our Achievements

20000 + Partner Bank Branches

Backed by Canara Bank, Punjab National Bank & HSBC

Assets under Management

At ₹21,9004 crores as per
31st March 2021.

Hassle-free Claims Process

97.1% Individual death claims5
settled in FY 2020-2021

Here’s What Our Customers Say about Us

Frequently Asked Questions

1. What are the payment options under Guaranteed Income4Life?

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.

2. What are the Death Benefits of Guaranteed Income4Life?

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.

3. Are accident induced disabilities covered in the plan?

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


  • Sum Assured on Death will be paid
  • Policy will continue as if it was in-force with all future benefits accruing as before
  • On maturity, Regular Income based on Income Period and Income Frequency selected will be payable

4. What is the length of income period of this plan?

The length of income period varies according to the option that you choose while buying Guaranteed Income4Life.

5. Is Guaranteed Income4Life an ideal savings instrument?

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.

6. What are the factors to be considered before buying this plan?

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:


  • Policy term
  • Payout period and Payout frequency
  • Guaranteed regular income
  • Waiver of premium on Accidental total and permanent disability or death
  • Assured loyalty additions
  • Limited premium payment term
  • High premium booster
  1. This feature is available with Guaranteed Life-Long Income plan option
  2. This feature is available with Guaranteed Income and Guaranteed Long-term Income plan options
  3. Assured Loyalty Addition(s) is the additional benefit accrued on each monthly Policy Anniversary in the last 5 years of the Policy Term, provided all due premiums till that month’s Policy Anniversary have been paid. The Assured Loyalty Addition(s) at a particular monthly Policy Anniversary, for a limited pay policy, is equal to [1.5% X Annualized Premium X Lower of (PPT or Policy Year)] and the Assured Loyalty Addition(s) at a particular monthly Policy Anniversary, for a single pay policy, is equal to [1.5% X Single Premium].
  4. As reported in public disclosures for FY 2020-21.
  5. Individual death claims settled and reported in public disclosures for FY 2020-21.
  6. Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 30 years old healthy male life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Income option, annual premium Rs. 1,08,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit in form of regular income is Rs. 2,49,193 paid annually for 10 years. T&C apply.
  7. Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 30 years old healthy male life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Income option, annual premium Rs. 1,60,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit in form of regular income is Rs. 3,69,175 paid annually for 10 years. T&C apply.
  8. Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 28 years old healthy female life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Income option, annual premium Rs. 81,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit in form of regular income is Rs. 1,86,572 paid  annually for 10 years. T&C apply.
  9. Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 45 years old healthy male life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Life-Long Income option, annual premium Rs. 2,55,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit in form of regular income is Rs.  248,840  paid annually till 99 years of age is attained. T&C apply.
  • Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.
  • Tax benefits/savings are subject to provisions under section 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Goods & Services Tax will be charged on the premium amount. Please consult your independent tax advisor for details.
  • Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 30 years old healthy male life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Income option, annual premium Rs. 1,60,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit is Rs. 30,014 paid monthly for 10 years. T&C apply.
  • Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 28 years old healthy female life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Income option, annual premium Rs. 81,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit is Rs. 15,169 paid monthly for 10 years. T&C apply.
  • Maturity Benefit is paid in the form of Regular Income at the end of every month/ quarter/ half- year/ year, after the policy term, as per the chosen Income Frequency and over the chosen Income Period. The maturity benefit is calculated for a 45 years old healthy male life who has opted for Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income4Life with Guaranteed Life-Long Income option, annual premium Rs. 2,55,000 (excluding taxes), premium payment term 10 years and policy term 15 years with deferment period of 5 years. The maturity benefit is Rs. 20,099 paid monthly till 99 years of age is attained. T&C apply.

*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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