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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 Oriental Bank of Commerce 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.
Depending upon your financial need, you can select your plan option (any ONE) from the following available options under this product.
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
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
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
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) |
|
|||||||||||||||||
| Premium |
|
No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||||||||||
Death Benefit
Higher of:
PLUS Balance under Deferred Survival Benefit facility, if any
If the optional Premium Protection Benefit is chosen, the policy will pay following benefits:
Higher of:
PLUS Balance under Deferred Survival Benefit facility, if any
PLUS all future premiums payable will get waived and the Policy will continue till the end of the Policy
Term with all future benefits intact.
Survival Benefit
Maturity Benefit
Deferred Survival Benefit Facility
At policy inception or anytime during policy term, you can choose to not avail the survival benefits and put the money under Deferred Survival Benefit facility. Your money will not be kept idle and shall grow at a non-participating accumulation rate.
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 Study1: 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 of 16thpolicy year:
Premium used in illustration is exclusive of taxes. Annual Bonus, Interim Annual Bonus, Cash Bonus, Interim Cash Bonus & 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 | 55 for annual mode / 45 for non-annual modes | 50 for annual mode / 40 for non-annual modes | ||||||||||||||
| Maturity Age as on Last Birthday (years) | 18 | 30 | 70 | |||||||||||||||
| Premium Payment Term (PPT) & Policy Term (PT) (years) |
|
|||||||||||||||||
| Premium (in Rupees) |
|
No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||||||||||
Death Benefit
Higher of:
PLUS Balance under Deferred Survival Benefit facility, if any.
However, if Life Assured dies after attainment of Milestone Age, following will be paid:
Higher of:
PLUS Balance under Deferred Survival Benefit facility, if any.
Survival Benefit
On payment of this benefit, the policy will terminate and all further coverage or benefits cease to exist thereafter.
Maturity Benefit
At the end of policy term, you will get:
Guaranteed Sum Assured PLUS Final Bonus, if any PLUS Balance under Deferred Survival Benefit facility, if any.
Deferred Survival Benefit Facility
At policy inception or anytime during policy term, you can choose to not avail the survival benefits and put the money under Deferred Survival Benefit facility. Your money will not be kept idle and shall grow at a non-participating accumulation rate.
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 Premium Payment Term and premium payment mode.
Step 3: The Guaranteed Sum Assured in this plan will be determined on the basis of your age and the options chosen above.
Age 40 years, Policy Term 60 years, Premium Payment Term 10 years and yearly premium payment frequency.
Scenario 1: Maturity Benefit
Scenario 2: Death Benefit
In case of unfortunate death of Life Assured at the end of 16thpolicy year:
Premium used in illustration is exclusive of taxes. Cash Bonus, Interim Cash Bonus & Final Bonus at 4% and 8% are not guaranteed and are presented for illustration purpose only.
| Parameters | Minimum | Maximum | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Entry Age as on last birthday (years) | 18 | 55 for annual mode / 45 for non-annual modes | ||||||||
| Maturity Age as on last birthday (years) | 100 | |||||||||
| Premium Payment Term (PPT) & Policy Term (PT) (years) |
Minimum policy term is of 45 years. |
|||||||||
| Premium (in Rupees) |
|
No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||
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