To Buy: 1800-258-5899 (9 am to 6 pm)

|

customerservice@canarahsbclife.in

|

Locate Branch

Login
Search Button

Flexi Edge

Flexi Edge

A Non-Linked Participating Individual Savings Life Insurance Plan.

Meet Advisor
Flexi Edge

Meet our Advisor

About Flexi Edge

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.

Choose from our top plans

Depending upon your financial need, you can select your plan option (any ONE) from the following available options under this product.

Flexi Savings

Increase your savings for your financial goals along with the benefits of protection at every stage of life

125% of Guaranteed Sum Assured at maturity to boost your savings

Safety cushion for your child’s future with Premium Protection Benefit

Convenience with multiple options to align the policy to life stages

Bonus in the policy to boost your benefits

Tax Benefits as per applicable laws

Flexi Income

Ensure a safe future with an alternate source of income to take care of your interim financial goals along with a lumpsum benefit to fulfill your dreams and plan for a stress free life

Guaranteed Benefits with the upside of Bonuses to boost your policy benefits

Safety cushion for your child’s future with Premium Protection Benefit

Regular Income each year after premium payment term

Option to withdraw from accumulated survival benefit anytime

Tax Benefits as per applicable laws

Flexi Care

Protection throughout your golden years along with liquidity from the second year onwards to take care of your immediate financial needs or to generate a retirement fund for a worry free retirement

Whole life protection till age 100 years

Whole life income starting from 2nd policy year for your golden years

Option to withdraw from accumulated survival benefit anytime

Tax Benefits as per applicable laws

Flexi Savings

Why Buy

  • Ideal instrument to meet target savings milestone
  • 125% of Guaranteed Sum Assured on Maturity
  • Convenience with multiple options to align the policy to life stages
  • Bonus, if any in the policy to augment policy benefits
  • Option to choose premium protection benefit
  • Avail higher Guaranteed Sum Assured for higher premium
  • Option to avail the loan facility in case of financial requirement
  • Tax benefits may be available as per prevailing Tax Laws

Death Benefit

Higher of:

  • Sum Assured on Death
    PLUS accrued Annual Bonuses, if any
    PLUS Interim Annual Bonus, if any
    PLUS Final Bonus, if any.
  • 105% of the Total Premiums Paid till the date of death.

If the optional Premium Protection Benefit is chosen, the policy will pay following benefits: Higher of:

  • Sum Assured on Death
  • 105% of the Total Premiums Paid till the date of death AND

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.

You can customize the policy to suit your financial goals and requirements in just 4 simple steps:

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)
PPT 7 8 9 10 11 12
PT 12 to 40 13 to 40 14 to 40 15 to 40 16 to 40 17 to 40
Premium
Yearly Rs. 24,000
Half-Yearly Rs. 18,360
Quarterly Rs. 9,360
Monthly Rs. 3,240
No limit (Subject to Board Approved Underwriting Policy of the Company)
Online Plans Pay Premium Get a Call Contact Us