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Alpha Wealth Plan

The comprehensive insurance plan that helps you protect your wealth and your health

Keep your loved ones and your legacy protected

Level up your life insurance and savings with the Canara HSBC Life Insurance Alpha Wealth plan. We’ll help you design an insurance plan that helps you meet your goals, as well as protect you and your loved ones should the unexpected happen. 

Here's what you get with an Alpha Wealth Plan

Choose from 3 plans and 8 fund options

Set up your portfolio your with multiple performance management strategies to choose from depending on your risk tolerance, life stage, and goals.

Switch up your fund allocations

Get the flexibility to switch and redirect your funds when you need to so that you can make the most out of your investments, no matter the market conditions.

Enjoy rewards for your loyalty

Make the most of loyalty additions and additional allocations of units to enhance your investments – you'll also be able to enjoy recurring income from your accumulated funds, depending on your withdrawal options

Take care of your loved ones, even when you're not there

Our Premium Funding Benefit makes sure that your savings contributions are made, even when you're not there – this applies to our Premium plan only

Choose your plan

There are 3 types of Alpha Invest Plan for you to choose from.

Alpha Wealth Invest Plus

Limited pay, single payment, or regular pay options for premiums and policy terms up to 30 years (for single payment premium payment).

Alpha Wealth Premium Plus

Limited pay and regular pay options for premiums and policy terms up to 30 years (for regular pay premium payment).

Alpha Wealth Life Plus

Limited pay option for premiums and policy terms up to 100 years minus age at entry.

Key details about your Alpha Wealth Plan

Alpha Wealth Invest Plus

Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Age at entry Premium payment term (years) Policy term (years)
Limited pay
  • 0 to 55
  • 56 to 60
  • 61 to 65
  • 5, 7, 10, 15, 2, 25
  • 5 or 7, 10, 15
  • 7, 10, 15
  • 10 to 30
  • 10 to 20 or 10 to 15
  • 10 to 15
Single payment (10×)
  • 0 to 38
  • 39 to 44
  • 45 to 47
Single premium
  • 5 to 20
  • 5 to 10
  • 5
Single payment (1.25×)
0 to 70
Single premium
5 to 30
Regular pay 0 to 70 Same as payment term 10 to 30
Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Limited pay
Age at entry
  • 0 to 55
  • 56 to 60
  • 61 to 65
Premium payment term (years)
  • 5, 7, 10, 15, 2, 25
  • 5 or 7, 10, 15
  • 7, 10, 15
Policy term (years)
  • 10 to 30
  • 10 to 20 or 10 to 15
  • 10 to 15
Premium payment types Single payment (10×)
Age at entry
  • 0 to 38
  • 39 to 44
  • 45 to 47
Premium payment term (years) Single premium
Policy term (years)
  • 5 to 20
  • 5 to 10
  • 5
Premium payment types Single payment (1.25×)
Age at entry
0 to 70
Premium payment term (years) Single premium
Policy term (years)
5 to 30
Premium payment types Regular pay
Age at entry 0 to 70
Premium payment term (years) Same as payment term
Policy term (years) 10 to 30

Alpha Wealth Premium Plus

Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Age at entry Premium payment term (years) Policy term (years)
Limited pay 18 to 50
  • 10, 15, 20, or 25
  • 5 or 7
  • 10 to 30
  • 15 to 30
Regular pay
18 to 50 Same as payment term 10 to 30
Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Limited pay
Age at entry 18 to 50
Premium payment term (years)
  • 10, 15, 20, or 25
  • 5 or 7
Policy term (years)
  • 10 to 30
  • 15 to 30
Premium payment types Regular pay
Age at entry 18 to 50
Premium payment term (years) Same as payment term
Policy term (years) 10 to 30

Alpha Wealth Life Plus

Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Age at entry Premium payment terms (years) Policy term (years)
Limited pay 18 to 70 10, 15, 20, or 25 100 minus age at entry
Premium payment types, age at entry, premium payment terms, and policy terms.
Premium payment types Limited pay
Age at entry 18 to 70
Premium payment terms (years) 10, 15, 20, or 25
Policy term (years) 100 minus age at entry

Sum assured multiple

Find out what your sum assured multiple will be depending on your premium payment type.
Premium payment type Minimum Maximum
Regular pay or limited pay 7× annualised premium Determined by the maximum sum assured multiples
Single payment
1.25× single premium Determined by the maximum sum assured multiples
Find out what your sum assured multiple will be depending on your premium payment type.
Premium payment type Regular pay or limited pay
Minimum 7× annualised premium
Maximum Determined by the maximum sum assured multiples
Premium payment type Single payment
Minimum 1.25× single premium
Maximum Determined by the maximum sum assured multiples

Your annualised premium is the amount of premiums that are payable in a policy year. The maximum sum assured multiple depends on age, premium payment type, and policy term. For example, if you're 30, then the maximum multiple is 40 – subject to the relevant premium payment term and policy term combinations.

What you need to know

Are you eligible?

To apply for the Canara HSBC Life Insurance Alpha Wealth plan, you'll need to:

  • Meet the age requirements for entry and maturity for your designated plan
  • Meet the minimum premium amount depending on how often you choose to pay your premiums
 

Ready to get started?

If you're ready to apply for a Canara HSBC Life Insurance Alpha Wealth plan, you can apply online using our online form. We recommend using the latest version of Chrome or Safari to do so.

This product will not be offered to customers who are residents of Japan or the US, or customers who have Japanese or US nationality. Insurance is the subject matter of the solicitation. The insurance product is offered and underwritten by the insurer, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (IRDA Regn. No. 136), 139 P, Sector 44, Gurugram – 122003, Haryana, India. The Hongkong and Shanghai Banking Corporation Limited, India (IRDAI Regn. No. CA0016) (HSBC India) 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 and does not underwrite the risk or act as an insurer. The contract of insurance is between the insurer and the insured, and not between the bank and the insured. For more details on risk factors and terms and conditions, please read the sales brochure carefully before buying the product. You can find more information on our website. You can call us on 1800-103-0003 (MTNL) or 1800-180-0003 (BSNL). You can also send an SMS to 9779030003 to get a call back within 48 hours. You can email us at customerservice@canarahsbclife.in. Beware of fraudulent phone calls. IRDAI is not involved in activities like selling insurance policies, announcing bonuses, or investing in premiums. You should file a complaint with the police if you get a phone call like this. 

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