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Insure Smart Plan

Investments

Insure 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 Insure Smart Plan is a unit linked endowment insurance plan that helps you generate wealth by investing in a mix of debt and equity along with providing life cover. The product gives you the freedom to invest in the 5 investment funds. A unit linked insurance plan, it helps you save for your specific dreams with the flexibility of paying premiums for 5 years and getting life cover for 10 years.

 

Product Boundary

Entry Age: - You should be between age 8 and 70 years.

 

Premium Options

Premium Frequency: This plan offers only annual premium payment frequency.
Annual Premium: The minimum annual premium is Rs. 50,000. You will have to pay this premium throughout the premium payment term of 5 years.
There are attractive discounts on premium allocation charge in case you choose to pay renewal premiums through ECS/ Standing Instructions.

 

Investment Funds

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

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

 

Loyalty Addition

You will get a loyalty addition of 1% of your total fund value at maturity.

 

Product Benefits

Death Benefit: In case of unfortunate death of the life assured, the nominee (the person nominated to receive the benefits under the plan)/ legal heir will receive the higher of the fund value and the sum assured.
Maturity Benefit: Your policy will mature at the end of 10 years. You will receive the fund value based on the prevailing NAVs at maturity. Moreover, loyalty additions will also be payable.

 

Flexibilities

Partial Withdrawal: You can easily withdraw money from your fund in case of financial emergency through Partial Withdrawal, from the 6th policy year.
Fund Switching & Premium Redirection: You can actively manage your investments by switching from one fund to another and through redirection of premiums.
Change in sum assured: You can increase or decrease your sum assured, depending on your changing needs, from the 6th policy year, provided all due premiums are paid.

 

For more details on product features, charges, risk factors, terms and conditions, please read sales brochure carefully before concluding a sale

Insurance is the subject matter of solicitation

The Hongkong and Shanghai Banking Corporation Limited, India (License Number: 961387) whose India Corporate office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited. The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer.

The insurance products are offered and underwritten by Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Regn.No.136), Unitech Trade Centre, Sushant Lok, Phase-1, 2nd Floor, Sector-43, Gurgaon-122009, Haryana, India.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is only the name of the insurance company and Canara HSBC Oriental Bank of Commerce Life Insurance Insure Smart Plan is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract its future prospects or returns. The various funds offered and fund management options under this contract are the names of the funds and options and do not in any way indicate the quality of these plans, their future prospects and returns

The various funds offered and fund management options under this contract are the names of the funds and options and do not in any way indicate the quality of these plans, their future prospects and returns

Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured results

In case you are interested in availing of the policy, please read the details of our Wealth Management offering under the “Wealth Management” section of our website