Alpha Wealth Plan

This amount doesn't include goods and service taxes, cesses or levies. Single premium payment is only available for Alpha Invest Plus.

• Cheque
• Direct debit to your HSBC account
• Demand draft

There's no maximum limit on how much you can pay (subject to underwriting).

• Sum assured (minus partial withdrawals, withdrawals under the milestone withdrawal option, withdrawals under the systematic withdrawal option, if any, in the last 2 years)
• Fund value on the day of the death claim
• 105% of all premiums paid up until the date of death

The policy will terminate upon payment of the death benefit.

The maturity benefit will be the fund value on the day of the death claim. The policyholder or nominee can take the fund value on maturity in periodic installments as per the chosen settlement option.

• Systematic Transfer Option (STO): If you want to invest in equity oriented fund but worry about market volatility and risk associated with lump sum investment, then you can opt for STO to enter the equity market in a systematic manner
• Return Protector Option (RPO): This option enables you to take advantage of the equity market by protecting your gains from future equity market volatility
• Auto Funds Rebalancing (AFR): If you wish to maintain allocation of their investments in a specific proportion across funds, regardless of how the market moves
• Safety Switch Option (SSO): When your policy is getting close to maturity, you might want to avoid market movement and protect your wealth by moving your funds systematically to a relatively low-risk liquid fund in the last 4 policy years
• Loss Protector Strategy (LPS): Minimise losses if the market takes a downturn by transferring units from high-risk funds to low-risk funds
• Switching between Funds: Switch part of or all of your investments from one fund or allocate assets to another fund without any cost, subject to terms and conditions
• Premium Redirection: Change your premium allocation when you pay your premiums

Your plan offers regular loyalty additions in the form of extra allocation of units to your unit linked funds, provided that all your premiums have been paid on time. These regular loyalty additions will be added to the relevant funds at the end of the each policy year, starting from year 6 until the end of your policy term. Each loyalty addition will be 0.5% of the average fund value at your last 12 month policy anniversary.

Your plan also offers wealth boosters from the end of the 10th policy year. This will be added to the fund, provided that all your premiums have been paid on time. Wealth boosters will be a percentage of the average fund value of last 60 monthly policy anniversaries.

• At the end of the 10th policy year – 2.90% wealth booster
• At the end of the 15th policy year, and then every 5 years afterwards – 1.50% wealth booster

Or, if you prefer, you can call us on 1800-103-0003, 1800-180-0003, or 1800-891-0003.

You can also SMS your query to 7039004411 to get a call back within 48 hours.

You can also email us at customerservice@canarahsbclife.in.