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 period
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.
Entry Age: - You should be between age 8 and 70 years.
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.
You can choose to invest in 5 investment funds with equity exposure ranging from 0% to 100%, depending on your investment objectives:
You will get a loyalty addition of 1% of your total fund value at maturity.
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.
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.
UIN No :- 136L019V03
Code :- WEBNJHSBCINSV1JUL13 ENG
In case you are interested in availing of a policy, please read the details of our Wealth Management offering under the "Wealth Management" section of our website