Get Specialist Advice Now!
Thank you for showing interest in us (Name of the Customer)
We will contact you shortly!
Contact us
To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN: 136L032V05
Our Smart Lifelong Plan is a unit linked life insurance plan with the objective of wealth creation along with providing whole life coverage - uptill 99 years of age. This plan has been designed to help you fulfill various life stage needs/ responsibilities so that throughout life you can grow in the right direction by making the right choice.
Life is all about the choices you make to fulfill your responsibilities. And with every choice you make your biggest concern is whether you have taken the right decision.The plan offers:
In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:
On survival till end of policy term, the Fund Value will be paid to you.
You have the flexibility to choose annual or monthly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during the policy term.
Loyalty Additions will be paid in the form of extra allocation of units to your fund, provided that all due premiums till date have been paid. The Loyalty additions will be paid as follows:
1st Loyalty addition: At the end of 10th policy year
1.25% of average Fund Value of last 36 monthly policy anniversaries
2nd Loyalty addition: At the end of 15th policy year
1.25% of average Fund Value of last 36 monthly policy anniversaries
You can choose to invest in 7 investment funds with equity exposure ranging from 0% to100%, depending on your investment philosophy:
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961.
#Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisorMr. Singh, age 40, chooses to pay annual premiums as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] the annual premium and chooses a Premium Paying Term of 20 years. The table below shows fund values for multiple scenarios at age 99 assuming annual gross investment return of 4%* and 8%* with 100% investment in Balanced Plus Fund.
4%*
8%*
30,000
4,50,000
17,60,576
1,21,98,926
75,000
11,25,000
44,01,440
3,04,97,314
1,00,000
15,00,000
58,68,587
4,06,63,085
2,50,000
37,50,000
1,47,36,886
10,17,42,467
5,00,000
75,00,000
2,97,42,931
20,40,04,385
*The assumed rates of return (4% p.a. or 8% p.a.) shown in the above illustrative examples of different scenarios are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges (including Goods and Services Tax & Applicable cess (es)/levy, if any @18%)
7 years
65 years
0.5 X T X Annualized Premium# Where T=70-age at entry
You can choose Sum Assured between 7-10 times of Annualized Premium
Premium
Monthly Mode*: 3,000 p.m.
Annual Mode: 25,000 p.a.
No Limit
Premium Payment Term
10 years
99 - (Age at entry)
In this policy, the investment risk in Investment Portfolio is borne by the policyholder.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.