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About Promise4Future
A Non-Linked Participating Individual Savings Life Insurance Plan
UIN: 136N119V01
You are diligently working towards your goals, always aiming for the best. For you, life is about continuous progress and unwavering dedication to growth and success.
Presenting Canara HSBC Life Insurance Promise4Future, a Non-Linked Participating Individual Savings Life Insurance Plan that partners with you on your journey and helps you fulfil your financial dreams and aspirations.
Click Here for reversionary bonus rates in participating plans.
Plan Options
Depending upon your financial need, you can select your plan option (any ONE) from the following available options under this product.
Savings4Future
- Why Buy
- Benefits
- How the Plan Works?
- Plan At Glance
- Other Benefits
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
- 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
subject to minimum of Surrender Value payable.. - 105% of the Total Premiums Paid till the date of death.
On payment of this benefit, the Policy will terminate.
Maturity Benefit
Guaranteed Sum Assured on Maturity
PLUS Guaranteed Loyalty Addition
PLUS accrued Annual Bonuses, if any
PLUS Final Bonus, if any
On payment of this benefit, the policy will terminate.
You can customize the policy to suit your financial goals and requirements in just 3 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: 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.
| Parameters | Minimum | Maximum | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entry Age as on Last Birthday (years) | 0 | 60 for annual mode/ 50 for non-annual modes | ||||||||||
| Maturity Age as on Last Birthday (years) | 18 | 75 for annual mode/ 70 for non-annual modes | ||||||||||
| Premium Payment Term (PPT) &Policy Term (PT) ( years) |
| |||||||||||
| Premium (in Rupees) |
| No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||||
| Premium Payment Mode and Modal Factors | Yearly, Half-Yearly, Quarterly & Monthly are available
| |||||||||||
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.
Income4Future
- Why Buy
- Benefits
- How the Plan Works?
- Plan At Glance
- Other Benefits
Why Buy?
- Life cover throughout the policy term
- Guaranteed Benefits plus the upside of Bonus, if any to boost your policy
- Guaranteed Survival Benefit payable as lumpsum at end of the PPT
- Guaranteed Income plus Cash Bonus, if any post PPT every year till Maturity
- 100% of Guaranteed Sum Assured plus accrued Annual Bonus, if any plus Final Bonus, if any plus Balance under Deferred Survival Benefit facility , if any payable at Maturity
- Flexibility to defer the Survival Benefits and redeem them basis your financial needs
- Annual Bonuses accrue in the policy from the first year
- 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 declared
PLUS Interim Cash Bonus, if any - subject to minimum of Surrender Value payable 105% of the Total Premiums Paid till the date of death.
PLUS Balance in. Deferred Survival Benefit, if any
On payment of this benefit, the policy will terminate, and all benefits cease to exist thereafter.
Survival Benefit
- The end of the PPT, you will get: Guaranteed Survival Benefit
- Each year after end of PPT, you will get: Guaranteed Income plus Cash Bonus, if any, at the end of each policy year
Maturity Benefit
- At the end of Policy Term, you will get: 100% Guaranteed Sum Assured on Maturity PLUS accrued Annual Bonuses, if any PLUS Final Bonus, if any PLUS Balance in Deferred Survival Benefit, if any
- On payment of this benefit, the policy will terminate, and all benefits will cease to exist thereafter.
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: 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.
| Parameters | Minimum | Maximum | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entry Age as on Last Birthday (years) | 0 | 55 for annual mode/ 45 for non-annual modes | ||||||||||
| Maturity Age as on Last Birthday (years) | 18 | 70 | ||||||||||
| Premium Payment Term (PPT) & Policy Term (PT) (years) |
| |||||||||||
| Premium (in Rupees) |
| No limit (Subject to Board Approved Underwriting Policy of the Company) | ||||||||||
| Premium Payment Mode and Modal Factors | Yearly, Half-Yearly, Quarterly & Monthly are available
| |||||||||||
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.