Top of main content

Future Smart Plan

An individual linked life insurance cum savings plan that provides a long-term investment opportunity, to support you to build a bright future for your child.

Why choose a Future Smart Plan?

Canara HSBC Life Insurance Future Smart Plan is an individual linked life insurance cum savings plan that provides a long-term investment opportunity, to support you to build a bright future for your child. Its comprehensive insurance cover (Sum Assured on death and Premium Funding on death or disability) assists you in securing their financial future in case of any unfortunate event.


It can be customised with a choice of policy and premium payment term to link benefits of the plan with your child’s financial requirements.

  • Product Boundary

    Entry Age: Your age should be between 18 years and 60 years

  • Premium Options

    Premium Frequency: This plan offers only annual premium payment frequency.
    Annual Premium: The minimum annual premium is ₹25,000 (₹50,000 for policy term of 10 years). You will have to pay this premium throughout the premium payment term chosen by you.
    There are attractive discounts on premium allocation charge in case you choose to pay renewal premiums through Electronic Clearing Service (ECS)/Standing Instructions

  • Premium Funding Benefit

    This benefit ensures that the future of your child is not compromised, in case of your death or disability.
    The policy continues with all the future premiums funded by the company and your child receives the fund value at maturity, as planned by you

Plan Unique Identification Number


Ways to open:





Features & Benefits

Benefits & Flexibilities

Death Benefits: In case of death, the beneficiary (the child nominated to receive the benefits under the plan) will receive the Sum Assured and the policy will continue with all future premiums funded by the Company as and when due. This death benefit, under all circumstances, will not be less than 105% of all premiums paid by you up to the date of death. Also, at maturity, the fund value will be paid.

Maturity Benefits: Your policy will mature at the end of term. You will receive the fund value based on the prevailing Net Asset Values (NAVs) at maturity.

Auto Funds Rebalancing: This option helps you maintain your investments in your preferred proportion across funds irrespective of market moments.

Safety Switch Option: This option enables you to move your funds systematically to a relatively low risk liquid fund in the last 3 years.

Change In sum assured: You can increase or decrease you sum assured, depending on your changing needs from the 6th policy year, provided all due premiums are paid.

Investment Funds

You can choose to invest in 6 investment funds with equity exposure ranging from 0% to 100%, depending on your investment philosophy:

  • Equity II Fund
  • Growth plus Fund
  • Balanced plus Fund
  • Debt plus Fund
  • Liquid Fund
  • India Multi-Cap Equity Fund

Milestone Withdrawal

Keeping in mind the expenses for higher education of your child, you can opt for milestone withdrawals (applicable for policy term 15, 20 and 25 years) wherein you will receive 15% of fund value in each of the last 5 years. The remaining fund value will be given to you at maturity.

Key Things You Should Know

This is an individual linked life insurance cum savings plan with policy term options of 10/15/20 or 25 years and a premium payment term of minimum 10 years and maximum up to the policy term.

Please pay your premiums regularly and on time to enjoy life cover benefits. In case premiums are discontinued anytime during the premium payment term, your life cover will cease.

The lock in period of this plan is 5 years. Please note that if premium payment is discontinued within the first 5 years, the surrender value will move to the discontinuous policy fund and will be paid at the end of 5 years.

As this is a unit linked insurance plan, returns are subject to market performance and therefore not guaranteed.

You must disclose all your health details appropriately in the proposal form to avail life cover benefits in this policy. You should go through the entire document to have a complete understanding of the policy you are purchasing.

Purchase of insurance product is purely voluntary and is not linked to availment of any other facility from the bank.

Apply for a HSBC Future Smart Plan

Want to talk?

Contact us today to have your questions answered

You might be interested in


A whole life unit linked insurance plan that provides you the flexibility of choosing your investment and providing protection to your family for the rest of your life.


Group Asset Secure is a comprehensive loan protection plan that provides insurance cover to you if you have an HSBC Home Loan or a Loan Against Property.


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. 


A savings and protection oriented unit linked insurance plan, designed for customers like you.

Important Information

Terms & Conditions

Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.

The premium paid in Unit Linked life insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market.

Unit Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved.

Canara HSBC Life Insurance Company Limited (CHL) is only the name of the insurance company and Canara HSBC Life Insurance Future 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.

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.

Please know the associated risks and the applicable charges, from your sales representative or the intermediary or policy document issued by the insurance company.

The premium shall be adjusted on the due date even if it has been received in advance.

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

Insurance is the subject matter of the solicitation.

The Insurance product is offered and underwritten by the insurer Canara HSBC Life Insurance Company Limited (IRDA Regn. No. 136), 139 P, Sector 44, Gurugram – 122003, Haryana, India.

The Hongkong and Shanghai Banking Corporation Limited, India (Insurance Regulatory and Development Authority of India Regn. no. CA0016) whose registered office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Life Insurance Company Limited having its registered office at C31 & C32, First Floor, Connaught Circus, New Delhi-110001).

The contract of insurance is between the insurer and the insured and not between the bank and the insured.

The Hongkong and Shanghai Banking Corporation Limited, India does not underwrite the risk or act as an insurer.

Website: Call: 18001030003 / 18001800003. SMS: 9779030003. Email:


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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.

Here's an easy way to share your thoughts, stay informed and join the conversation. Follow us: