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About SecureInvest
In this policy, the investment risk in the investment portfolio will be borne by the policyholder.
UIN: 136L092V02
Canara HSBC Life Insurance SecureInvest, a Non-Participating, Unit-linked Individual life insurance savings plan that can be customised to suit your goals and evolving needs. With an unmatched combination of higher life cover, multiple fund options, and flexible portfolio management features, this plan gives you complete control over your savings and insurance requirements.
Key Highlights of SecureInvest
- Up to 100X Sum Assured - Avail life insurance cover up to 100 times the Annualised Premium.
- Coverage up to 85 Years: Avail option to get life cover up to 85 years of age under “SecureInvest Forever” option.
- 2X Return of Premium Allocation Charges: Get rewarded with twice the amount of premium allocation charges added back to your Fund on Maturity - enhancing your investment value and maximizing your savings potential.
- 2X Return of Mortality Charges: Starting from the 15th Policy Year, enjoy twice the return of mortality charges added to your Fund, giving your policy an extra boost.
- Loyalty Additions: Starting from the end of the 10th Policy Year and every 5th year thereafter, are added to your Fund, enhancing its value and rewarding your long-term commitment.
- Maturity Boosters: At the end of the Policy Term, Maturity Boosters are added directly to your Fund, giving your savings a final uplift and helping you achieve your financial goals.
- Tax Benefits: You may avail tax benefits on premiums paid and benefits received as per prevailing tax laws under Income Tax Act, 1961, as amended from time to time.
Note: Benefits will be available as per the plan option and cover selected. Please refer to the Product Brochure for further details.
Plan Options
Depending upon your protection need, you can select your plan option from the following available options under this product.
SecureInvest Choice
|
SecureInvest Forever
|
- Benefits
- Other Benefits
- Choice of Funds
- How the Plan Works?
Death Benefit
Higher of:
- Sum Assured less Partial withdrawals, if any, in the preceding two years, or
- Fund Value as on date of intimation of death claim, or
- 105% of all Premiums paid up to the date of death.
The Policy shall terminate after the payment of any of the above benefits.
Maturity Benefit
In case Life Assured survives till the end of policy term, Fund Value as on the date of maturity is payable and the Policy will terminate upon payment of such benefit.
Choice of Portfolio Management Strategies
1. Systematic Transfer Option (STO)
Reduces risks associated with lumpsum investing by investing in the equity market in a systematic manner. Entire Premium will be invested in the Liquid Fund and then systematically transferred on a monthly basis into an Equity Fund.
2. Return Protector Option (RPO)
Protects investment gains from future market volatility. Automatic transfer of investment gains from Equity Fund to Debt Fund.
3. Auto Funds Rebalancing (AFR)
Helps in maintaining investments in a specific proportion across different Unit Linked Funds, irrespective of market movements. After every 3 months, the investments are automatically rebalanced in in various Unit Linked Funds to the allocation proportions chosen by you.
4. Safety Switch Option (SSO)
The funds are systematically moved to a relatively low risk Liquid Fund in the last four policy years to avoid market movements and safeguard the funds near policy maturity.
5. Loss Protector Strategy (LPO)
Protect investments in case of a market down turn. In case of a downturn in market investment is transferred from high risk to low risk funds, thus reducing the risk.
Choose from a range of 13 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Large Cap Advantage Fund
- Debt Fund
- Liquid Fund
- Midcap Momentum Growth Index Fund
- India Manufacturing Fund
- Multicap Momentum Quality Index Fund
- Nifty Alpha 50 Index Fund
- NextGen Consumption Fund
Additions to the Fund
Loyalty additions
2X of Premium Allocation Charge deducted are returned at Maturity provided all due premiums have been received till the maturity date,
- The amount payable under the Return of Premium Allocation Charge feature shall exclude Taxes and applicable cess (es), if any, that have been deducted with respect to Premium Allocation Charges.
- The amount of Return of Premium Allocation Charge will be added in the same proportion as the value of total units held in the unit linked funds. Unit Price as on the date of Return of Premium Allocation will be used for the unitization.
Maturity Booster
In addition to the Loyalty Additions, this plan offers Maturity Boosters at policy maturity as per the table below which will be added to the fund as a percentage of Average Fund Value of last 60 monthly policy anniversaries, provided all the due premiums are received till that time.
| Policy Term (In Years) | Maturity Booster |
|---|---|
| 20 | 6.50% |
| 21-30 | 10.00% |
| 31-40 | 15.00% |
| 41 & Above | 20.00% |
Return of Mortality Charges
Starting from the 15th policy year (i.e. 169th month), at the beginning of each policy month till the end of policy term or 30th Policy year, whichever is earlier , double (2X) of mortality charges deducted from the policy in the 168th month prior to the policy month, will be added back to fund value, provided all due premiums have been received till that time.
Return of Premium Allocation Charges
2X of Premium Allocation Charge deducted are returned at Maturity provided all due premiums have been received till the maturity date,
- The amount payable under the Return of Premium Allocation Charge feature shall exclude Goods and Service Tax and applicable cess (es), if any, that have been deducted with respect to Premium Allocation Charges.
- The amount of Return of Premium Allocation Charge will be added in the same proportion as the value of total units held in the unit linked funds. Unit Price as on the date of Return of Premium Allocation will be used for the unitization.
Product Flexibilities
1. Settlement Option
Option to receive your maturity benefit through Settlement Option in installments as per the frequency chosen, over a maximum period of 5 years.
2. Premium Redirection
This facility allows the Policyholder to modify the allocation of future premiums into the unit linked funds in a different investment pattern from the option exercised previously by the Policyholder.
3. Switching
Switching allows the Policyholder to change the investment pattern during the Policy Term/Settlement Period by moving amounts invested in one fund to other fund(s) that are offered under this product.
4. Partial Withdrawals
This product allows the Policyholder to make partial withdrawals from 6th policy year onwards free of charge provided all due Premiums for first 5 policy years have been paid.
Four Simple Steps to Safeguard Your Family’s Financial Future:
Step 1: Choose the Plan option and Premium Amount that you want to save under this plan.
Step 2: Choose for how long you would like to pay the premiums (premium payment term), at what frequency (annual, semi-annual, quarterly, monthly and single pay) and for how long you would like to stay invested under the plan (applicable for SecureInvest Choice option).
Step 3: Choose Sum Assured Multiple basis your age at entry and Policy Term.
Step 4: Choose from a range of 13 (thirteen) different Unit Linked Funds with different risk appetites. Further, you may select one of the 5 Portfolio Management Options to manage your wealth in an optimal way.
Age Criteria
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age at Entry | 18 Years | 60 Years |
| Age at Maturity | Option 1: 38 Years Option 2: 85 Years | Option 1: 80 Years Option 2: 85 Years |
Policy Term and Premium Payment Term
| Plan Option | Premium Payment Term | Policy Term |
|---|---|---|
Option 1 SecureInvest Choice | Limited Pay: 10/12/15 years Regular Pay: Same as Policy Term Single Pay | 20-40 years |
Option 2 SecureInvest Forever | Limited Pay: 10/12/15 years Regular Pay: Same as Policy Term Single Pay | 85 – age at entry |
Premium Payment Details
| Premium Payment Mode | Minimum Premium | Max Premium |
|---|---|---|
Single | ₹50,000 | No Limit |
Annual | ₹50,000 | No Limit |
| Half Yearly | ₹25,000 | No Limit |
| Quarterly | ₹12,500 | No Limit |
| Monthly | ₹4,200 | No Limit |
Premium will be in multiple of ₹100
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