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Introducing BSE 500 Enhanced Value 50 Fund with Promise4Wealth

50 High-Potential Companies, One Smart Decision

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Guaranteed Suraksha Kavach

Guaranteed Suraksha Kavach

Promise To Secure Your Family’s Future Just as You Secure Ours

  • Designed for Defence Personnel
  • Guaranteed Benefit Throughout Policy
  • Payor Premium Protection Cover
  • Tax Benefits Offered

Promise To Secure Your Family’s Future Just as You Secure Ours

  • Designed for Defence Personnel
  • Guaranteed Benefit Throughout Policy
  • Payor Premium Protection Cover
  • Tax Benefits Offered

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Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy No.

Address of the Policyholder as per records

Unclaimed Amount

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About Guaranteed Suraksha Kavach

A Non-Linked Non-Par Individual Life Insurance Savings cum Protection Plan

UIN: to 136N078V04 

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

Defence personnel take pride in serving the nation and we salute their courage and grit. It’s an honor for us to offer our services to the heroes who protect our country. We promise to stand by you and your family and help you to secure a happy future for your family when you have to leave them behind to protect our nation. Canara HSBC Life Insurance Guaranteed Suraksha Kavach is a guaranteed benefit plan that is exclusively designed to suit defence personnel’s financial needs and provide a secure future with two plan options - Future Suraksha and Income Suraksha. It is a Non-Linked Non-Participating Individual Life Insurance Savings cum Protection Plan.

  • Future Suraksha Assure a bright future for your child with this comprehensive protection plan option
  • Income Suraksha Create a guaranteed income stream for you and/or your family

Depending upon your need, you can select your plan option under this product.

Choose a Plan Option

These are two plan options that offer fixed-term coverage

  • Safety cushion for your child’s future with Premium Protection Benefit
  • Guaranteed benefits throughout the policy term
  • Family Income Benefit every month in case of eventuality
  • Pay premium for limited years
  • Tax Benefits as per applicable laws as amended from time to time
  • Guaranteed regular income up to 10 or 15 years
  • Income protection in case of death
  • Guaranteed benefits throughout the policy term
  • Pay premium for limited years
  • Tax Benefits as per applicable laws as amended from time to time

Future Suraksha

Future Suraksha

Why Buy

 
  • Safety cushion for your child’s future
  • Guaranteed benefits throughout the policy term
  • Multiple layers of coverage in case of death
  • Family Income Benefit every month in case of eventuality
  • Tax Benefits as per applicable laws as amended from time to time

Future Suraksha

Product Brochure
Policy Document
Customer Information Sheet

Death Benefit

Immediate Benefit

Guaranteed Sum Assured as a lumpsum

Family Income Benefit

Monthly Income equal to 12% of Annualized Premium every month starting from next monthly anniversary following death till the end of the policy term. Monthly income will be given for atleast 36 months, even if that crosses the policy term.

Premium Protection Benefit

All future premiums will be waived off and policy will continue with maturity benefit as an in-force policy i.e Guaranteed Monthly Additions will continue to accrue and the Maturity Benefit shall be paid as and when due.

Maturity Benefit

Guaranteed Sum Assured plus accrued Guaranteed Monthly Additions payable in lumsum.

Other Benefits

  • Loan facility is available once your in-force policy acquires a Surrender Value.
  • The minimum loan amount that you can be avail is Rs. 20,000 and the maximum is 80% of prevailing Surrender Value

Tax Benefit

  • Tax Benefits under the Policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time
Parameter
Minimum
Maximum
Entry Age as on Last Birthday
18 years55 years
Maturity Age as on Last Birthday
28 years70 years
 
Premium Payment Term (PPT), & Policy Term (In years)

Premium Payment Term

5

7

10

12

 

Policy Term

10

12

15

17

Premium (in Rupees)

Monthly

Quarterly

Half-Yearly

Yearly


2,000

6,000

12,000

24,000

 

No limit (Subject to Board Approved Underwriting Policy of the Company)

Premium Payment Mode
Yearly, Half-Yearly, Quarterly & Monthly 
Guaranteed Sum AssuredWill depend upon your age, your nature of duty Annualized Premium, Policy Term and Premium Payment ModeNo limit (Subject to Board Approved Underwriting Policy of the Company)

Income Suraksha

Why Buy

 
  • Guaranteed Monthly Income for 10/ 15 years for you and your family
  • Provision for Supplementary Income
  • Income protection in case of death
  • Tax Benefits as per applicable laws as amended from time to time

Income Suraksha

Product Brochure
Policy Document
Customer Information Sheet

Death Benefit

  • Accrued Guaranteed Monthly Additions, if any, will be paid as lumpsum immediately
  • Guaranteed Income on Death will be payable on each monthly anniversary immediately following the date of death of the Life Assured and will continue for the duration of the Income Period. It is expressed as a percentage of Annualized Premium as per the table below:
     
Income PeriodFor PPT 5 or 7 yearsFor PPT 10 yearsFor PPT 12 years
10 Years10.0%15.0%18.0%
15 Years8.0%12.0%14.0%



Survival Benefit

Guaranteed Survival Income plus Loyalty Income will be payable at the end of every month/ quarter/ half-year/ year in case the Income Frequency chosen is monthly/ quarterly/ half-yearly/ yearly. This income shall be payable over a period of last 10 or 15 years of the Policy Term as per the Income Period chosen.

Maturity Benefit

Guaranteed Sum Assured on Maturity will be paid as lumpsum at the end of the Policy Term on survival of Life Assured and is expressed as a percentage of Total Premiums Paid

PPT 5 years

PPT 7 years

PPT 10 years

PPT 12 years

50%

75%

100%

125%

Loan Facility

  • Loan facility is available once your in-force policy acquires a Surrender Value.
  • The minimum loan amount that you can be avail is Rs. 20,000 and the maximum is 80% of prevailing Surrender Value

Tax Benefit

  • Tax Benefits under the Policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time
Parameters
Minimum
Maximum
Entry Age as on Last Birthday
18 years

55 years

 

 
Maturity Age as on Last Birthday

38 years

 

75 years

 

Premium Payment Term (PPT),Policy Term & Income Period (In years)  

Premium Payment Term

5

7

10

12




Policy Term For Income Period 10 years

20

22

25

27




Policy Term For Income Period 15 years

25

27

30

32

 
Premium (in Rupees)

Monthly

Quarterly

Half-Yearly

Yearly

       
   
       2000

        6000

       12000

        24000

 

No limit (Subject to Board Approved Underwriting Policy of the Company)

Premium Payment Mode
Yearly, Half-Yearly, Quarterly & Monthly modes are available 
Income Frequency

Monthly, Quarterly, Half-Yearly, Annual

Chosen at the Policy inception. You can change it anytime during the Policy Term. Such alteration shall be free and effective from the next Policy Anniversary during the Income Period after receipt of such request.

 
Guaranteed Survival Income
Will depend upon your age, your nature of duty, Annualized Premium, Premium Payment Term, Premium Payment Mode, Income Period and Income FrequencyNo limit (Subject to Board Approved Underwriting Policy of the Company)