Get Specialist Advice Now!
Thank you for showing interest in us (Name of the Customer)
We will contact you shortly!
UIN: 136N067V02
As you move towards different life stages in your life, there are important goals that you come across which are uncompromising in nature such as educating your child or planning for her marriage or enhancing your own life style or providing financial security to a loved one. How can you make sure that such important goals are always achieved?
We present you 'Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income Plan', a savings plan, that offers guaranteed benefits so that you can fulfil your dreams uninterrupted.
What's More:
The benefits under the plan vary as per the plan option chosen.
The definitions below will help you understand better, the benefits of the plan:
Sum Assured on Death is the amount which is higher of:
Guaranteed Cashback Option (Plan Option 1) & Guaranteed Cashback with Premium Protection Option (Plan Option 2)
You will receive the Guaranteed Annual Cashback at the end of each of the last 4 policy years before the maturity year provided that all due premiums are paid.
Policy Term minus 4
15%
Policy Term minus 3
15%
Policy Term minus 2
15%
Policy Term minus 1
15%
On survival till the policy term (provided that all due premiums are paid), you will receive
On payment of above benefits, your policy will terminate and no further benefit will be payable.
Death Benefit under Guaranteed Cashback Option (Plan Option 1)
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be as follows:
On payment of above benefits, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Cashback) already paid will not be deducted from the benefit payable on death.
Death Benefit under Guaranteed Cashback with Premium Protection Option (Plan Option 2)
In case of the Life Assured's unfortunate death during the policy term, provided all due premiums have been paid, Sum Assured on Death will be payable. Further, the policy will continue till maturity with all future benefits accruing as if the policy was in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be as follows:
On payment of above benefits, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Cashback) already paid will not be deducted from the benefit payable on death.
Survival Benefit
You will receive the Guaranteed Annual Income at the end of each of the policy years after the completion of premium payment term till Maturity.
Maturity Benefit
On survival till the end of policy term (provided that all due premiums are paid), you will receive Guaranteed Sum Assured on Maturity.
On payment of above benefits, your policy will terminate and no further benefit will be payable.
Death Benefit
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be Sum Assured on Death.
On payment of above benefit, the policy will terminate and no further benefit will be payable. The survival benefit (Guaranteed Annual Income) already paid will not be deducted from the benefit payable on death.
Maturity Benefit
On survival till the policy term, you will receive
On payment of above benefits, your policy will terminate and no further benefit will be payable
Death Benefit
In case of the Life Assured's unfortunate death during the policy term, provided the policy is in-force, the death benefit payable to your Nominee/ Legal Heir as the case may be will be Sum Assured on Death.
On payment of above benefit, the policy will terminate and no further benefit will be payable.
i. If your goal is to get protection during the policy term, liquidity in last 4 years and lump-sum on maturity, we recommend you to opt for either 'Guaranteed Cashback with Premium Protection Option (Plan Option 2) or Guaranteed Cashback Option (Plan Option 1)' as per your requirement.
ii. If your goal is to get protection during the policy term and Guaranteed Annual Income after the completion of premium payment term, we recommend you to opt for 'Guaranteed Income Advantage Option' (Plan Option 3).
iii. If your goal is to receive lump-sum payout on maturity on payment of Single Premium, we recommend you to opt for 'Guaranteed Single Pay Advantage Option (Plan Option 4)'.
Choose your premium amount. You can check the guaranteed amount available at policy maturity and the guaranteed survival benefits that you will be receiving during the policy term to ensure that your financial needs are met.
Choose how long you would like to pay premium, at what frequency and your policy term, to align with your payment preference, savings horizon and future goals.
The Sum Assured in this plan will be determined basis your age and the options chosen above. If your Annualised Premium is eligible for High Premium Booster, the Sum Assured/Guaranteed Annual Income will be enhanced by the High Premium Booster %
Guaranteed Cashback Option
0 years
60 years
Guaranteed Cashback with Premium Protection Option
18 years
55 years
Guaranteed Income Advantage Option
0 years
60 years
Guaranteed Single Pay Advantage Option
Death Cover Option A
Death Cover Option B
Death Cover Option A
Death Cover Option B
8 years
8 years
For PT 5: 45 years
For PT 7: 43 years
For PT10: 40 years
65 years
18 years
75 years
28 years
75 years
18 years
75 years
Death Benefit
Option A
Death Benefit
Option B
Death Benefit
Option A
Death Benefit
Option B
18 years
18 years
50 years
75 years
Guaranteed Cashback Option and
5
10,15
7
12,15
10
15,20
Guaranteed Cashback with Premium Protection Option
5
10,15
7
12,15
10
15,20
Guaranteed Income Advantage Option
7
14
10
20
Guaranteed Single Pay Advantage Option
1 (Single Pay)
5,7,10
Guaranteed Cashback Option
49,600
Guaranteed Cashback with Premium Protection Option
49,500
Guaranteed Income Advantage Option
5,000
Guaranteed Single Pay Advantage Option
46,955
No Limit as it is subject to the Board Approved Underwriting Policy of the Company.
Single pay, Annual, Half-Yearly, Quarterly & Monthly modes are available
Guaranteed Cashback Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Cashback with Premium Protection Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Income Advantage Option
Annual
1.00
Half-Yearly
0.51
Quarterly
0.26
Monthly
0.09
Guaranteed Single Pay Advantage Option
Single
NA