Future Smart Plan

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Canara HSBC Oriental Bank Of Commerce Life Insurance company?s Future Smart Plan is a unit linked endowment insurance plan that provides you long -term investment opportunity to build a bright future for your child. Its comprehensive insurance cover (Sum Assured on death and Premium Funding on death or disability) assists you in securing their financial future in case of any unfortunate event. It can be customised with choice of policy and premium payment term to link benefits of the plan with your child?s financial requirement e.g. higher education needs or when they are ready for marriage. With optional features like Auto Funds Rebalancing and Safety Switch Option you can systematically manage your funds without compromising on the security that you want to provide your child.

Product Boundary

Entry Age : Your age should be 18 years and 60 years
Premium Payment Term : You can choose a payment term of 10 years or more (up to term policy).
Policy Term : You can choose the policy term of 10, 15, 20 or 25 years.

Premium Options

Premium Frequency: This plan offers only annual premium payment frequency.
Annual Premium: The minimum annual premium is Rs. 25,000 (Rs. 50,000 for policy term of 10 years). You will have to pay this premium throughout the premium payment term chosen by you.

There are attractive discounts on premium allocation charge in case you choose to pay renewal premiums through ECS / Standing Instructions.

Premium Funding Benefit
This benefit ensures that the future of your child is not compromised, in case of your death or disability. The policy continues with all the future premiums funded by the company and your child receives the fund value at maturity, as planned by you.

Investment Funds
You can choose to invest in 5 investment funds with equity exposure ranging from 0% to 100%, depending on your investment philosophy:

• Equity II fund
• Growth plus Fund
• Balanced plus Fund
• Debt plus Fund
• Liquid Fund

Milestone Withdrawal
Keeping in mind the expenses for higher education of your child, you can opt for milestone withdrawals (Applicable for policy term 15, 20 and 25 years) wherein you will receive 15% of fund value in each of the last 5 years. The remaining fund value will be given to you at maturity.

Flexibilities

Auto Funds Rebalancing: This option helps you maintain your investments in your preferred proportion across funds irrespective of market moments.

Safety Switch Option: This option enables you to lock your giants by moving your funds systematically to a relatively low risk liquid fund in the last 3 years.

Change In sum assured: You can increase or decrease you sum assured, depending on your changing needs from the 6th policy year, provided all due premiums are paid.

For more details on risk factors, terms & conditions, please read sales brochure carefully before concluding a sale.
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