Guaranteed Savings Plan

Step 1: Choose your plan option depending on your financial need/goals

Step 2: Choose how much you want to save. This is your premium

Step 3: Choose your Policy Term, Premium Payment Term and premium payment mode
 

The Sum Assured in this plan will be determined basis your age and the options chosen above.

If your Annualized Premium is eligible for High Premium Booster, the Sum Assured will be enhanced by the High Premium Booster %.

No limit

(Subject to Board Approved Underwriting Policy of the Company)

Above minimum installment premiums are exclusive of Goods and Services Tax & applicable cess(es) / levy, if any.

Would depend upon the Premium, Age, Policy Term / Premium Payment Term and other plan related options chosen.

Premium can be paid in yearly, half-yearly, quarterly, monthly and single modes.

Availability of Policy Term will be subject to maturity age being within 18 years to 75 years (both inclusive).

1. Canara HSBC Life Insurance Guaranteed Savings Plan is an individual non-linked non-par life insurance savings cum protection plan
2. It provides life cover for the entire term while you pay premium only for a limited period
3. Kindly pay your premiums regularly and on time to enjoy life cover. In case premiums are discontinued anytime before the premiums have been paid in full for at least the first two consecutive policy years the policy will lapse and the insurance cover and policy benefits will cease. In case premiums are discontinued anytime after the premiums have been paid in full for at least the first two consecutive policy years , your Life Cover and your policy benefits will reduce proportionately
4. Maturity Benefit is payable on maturity, provided all due premiums have been paid
5. You must disclose all your health details appropriately in the proposal form to avail life cover benefits in this policy.
6. Better Value for Higher Premium – High Premium Booster that provides marginally better benefits for making a higher premium commitment
7. Tax Benefits as per the Income Tax Act, 1961 as amended from time to time, may be available. For tax related queries, contact your independent tax advisor
8. There is a risk of capital loss if policy is surrendered before completion of full policy term
9. Guaranteed benefits may not yield positive inflation adjusted returns in case the inflation rate is higher than expected
10. Non-resident customers should take into consideration the statutory and regulatory requirements of their respective jurisdictions and shall ensure compliance with the same before buying this product. By facilitating purchase of this product, HSBC India makes no representation that the product is suitable for any particular customer or is appropriate in accordance with any applicable local laws, rules or regulations
11. This product is offered to existing HSBC India customers only
12. If you are purchasing this product online by clicking on 'Apply now', please note that the first premium payment for this product can only be made online through either HSBC India Credit or Debit Card
13. Purchase of insurance product is purely voluntary and is not linked to availing of any other facility from the bank
14. You should go through the entire document to have a complete understanding of the policy you are purchasing

1. This product would not be offered to customers having residence in Japan/US or nationality of Japan/US.
2. Insurance is the subject matter of the solicitation.
3. The Insurance product is offered and underwritten by the insurer Canara HSBC Life Insurance Company Limited (IRDA Regn. No. 136) having its head office at 139 P, Sector 44, Gurugram – 122003, Haryana, India.
4. The Hongkong and Shanghai Banking Corporation Limited, India (IRDAI Regn. No. CA0016) (HSBC India/bank) whose India corporate office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Life Insurance Company Limited and does not underwrite the risk or act as an insurer.
5. The contract of insurance is between the insurer and the insured and not between the bank and the insured.
6. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale:
7. Website: canarahsbclife.com
8. Call: 1800-103-0003/1800-180-0003/1800-891-0003
9. E-mail: customerservice@canarahsbclife.in
10. SMS your query to 9779030003 to get a call back within 48 hours