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To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
Contact us
To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
A Non-Linked Participating Individual Savings Life Insurance Plan
UIN: 136N079V01
You are working hard on your way to progress and wouldn't have any desire to settle for anything less than the best. Life for you is about moving ahead continuously and striving on the path towards growth and success.
Presenting Canara HSBC Life Insurance Flexi Edge, a non-linked, participating individual savings life insurance plan that partners with you on your journey and helps you fulfill your financial dreams and aspirations. The Plan also takes care of your loved ones in case you are not around.
CLICK HERE for reversionary bonus rates in participating plans.
Depending upon your financial need, you can select your plan option (any ONE) from the following available options under this product.
Death Benefit
Higher of:
If the optional Premium Protection Benefit is chosen, the policy will pay following benefits: Higher of:
All future premiums payable thereafter will be waived off and the Policy continues till the end of the Policy Term with all future benefits intact.
Maturity Benefit
Guaranteed Sum Assured
PLUS Guaranteed Loyalty Addition
PLUS accrued Annual Bonuses, if any
PLUS Final Bonus, if any
Loan Facility
To meet any contingent need, you may avail the loan facility in this plan, once the policy acquires a Surrender Value.
Tax Benefit
You may be entitled for tax benefits in accordance with the provision of Income Tax Act, 1961 as amended from time to time. Please consult your independent tax advisor for tax related queries.
Step 1: Choose how much you want to save. This is your premium.
Step 2: Choose your Policy Term, Premium Payment Term and premium payment mode.
Step 3: Choose optional Premium Protection Benefit as per your need.
Step 4: The Guaranteed Sum Assured in this plan will be determined on the basis of your age and the options chosen above.
Case Study 1: Age 40 years, Policy Term 20 years, Premium Payment Term 10 years and yearly premium payment frequency.
Scenario 1: Maturity Benefit
Scenario 2: Death Benefit
In case of unfortunate death at the end of4thpolicy year:
Premium used in illustration is exclusive of taxes. Annual Bonus, Interim Annual Bonus and Final Bonus at 4% and 8% are not guaranteed and are presented for illustration purpose only.
| Parameters | Minimum | Maximum | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Without Premium Protection Benefit | With Premium Protection Benefit | Without Premium Protection Benefit | With Premium Protection Benefit | |||||||||||||||
| Entry Ageas on Last Birthday (years) | 0 | 18 | 60 for annual mode/ 50 for non-annual modes | 50 for annual mode/ 40 for non-annual modes | ||||||||||||||
| Maturity Age as on Last Birthday (years) | 18 | 30 | 75 for annual mode/ 70 for non-annual modes | 70 | ||||||||||||||
| Premium Payment Term (PPT) &Policy Term (PT) (years) |
|
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| Premium |
|
No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||||||||||
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