Secure Smart Plan

Canara HSBC Oriental Bank Of Commerce Life Insurance Secure Smart Plan is a non participating endowment plan, with Sum Assured along with accrued Sum Assured Additions available to you at Maturity or to your nominee in case of an adverse circumstance of your Death. With this plan your need for a secure investment option with Life cover of your choice can be met. With every premium paid by you for the limited premium payment term of 10 years your benefits will be enhanced with Sum Assured Additions as a percentage of your Sum Assured, thus helping you to meet your life's increasing financial needs.

Product Boundary

Entry Age : Your age should be 18 years and 60 years.
Premium Payment Term : You have to pay premiums for a fixed period of 10 years.
Policy Term : The Policy has a fixed term of 15 years.

Premium Options

Premium Option: You can pay your premiums yearly, half yearly or quarterly, as per your connivance. Half yearly and quarterly payment frequencies are available only through ECS/Standing instructions.

The minimum annualized premium is Rs 10,000.

Sum Assured Additions

Your policy benefits are enhanced with Sum Assured Addition with every premium payment.

The Sum Assured Additions will be benchmarked on a periodical basis to 5 years constant Government of India Security yield published by CRISIL.

Rebates

You enjoy attractive rebates on:-

1. Female Lives: Females will be eligible for lower premium rates as applicable for corresponding 3-year younger males.
2. High Sum Assured: Premium rebate of up to Rs 9.00 per '000 Sum assured.
3. Payment Frequency: 5% and 2% rebate on premium rates for yearly and half yearly frequency respectively.

Guaranteed Maturity Benefit

On maturity the sum assured along with allotted Sum assured Additions during the term will be paid to you.

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