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Mother teaching daughter riding bicycle; image used for HSBC India Invest 4G life insurance

Invest 4G

Invest 4G is a unit-linked individual life insurance savings plan that you can customize to fit your goals and changing requirements.

With flexible portfolio management options, this plan gives you control over your savings while providing you with a life insurance cover to protect your family in case of your unfortunate demise.

What does Invest 4G offer?

  • Flexibility of choosing to pay throughout the entire policy term, during limited years or only once

  • Mortality charges deducted during the policy term for regular and limited premium paying policies will be added to the fund value at maturity

  • Three cover options to suit to different life stages

  • Premium Funding Benefit under Care Option to ensure your targeted savings contributions are made even in your absence

  • Loyalty Additions and Wealth Boosters during the policy term as additional allocation of units to boost your investments

  • Systematic Withdrawal Option to create additional income stream during the policy term

  • Milestone Withdrawal Option for enhanced liquidity at regular milestones

  • Multiple Portfolio Management Options to optimize returns from the Policy as per your investment preference

  • A range of 8 unit-linked funds to choose from to match your risk preference

Plan UIN Number:

136L064V03
 

Ways to open:

Branch

Features and benefits

Entry age & maturity age

Cover option
Min. & max. entry age
Min. & max. maturity age
Care option
18 to 50 years
28 to 80 years
Century option
18 to 65 years
100 years*
Life option
0 to 65 years
18 to 80 years

Entry age & maturity age

Cover option
Care option
Min. & max. entry age
18 to 50 years
Min. & max. maturity age
28 to 80 years
Cover option
Century option
Min. & max. entry age
18 to 65 years
Min. & max. maturity age
100 years*
Cover option
Life option
Min. & max. entry age
0 to 65 years
Min. & max. maturity age
18 to 80 years

Your policy will auto terminate on the policy anniversary following your 100th birthday, and it will pay the fund value as available at that point of time.
 

Premium amount & premium payment modes

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

Minimum premium:

Premium payment mode
Minimum premium#
Annual
INR2,000,000/- per annum
Half-yearly
INR1,000,000 /- per half year
Quarterly
INR500,000/- every 3 months
Monthly
INR166,667 /- per month

Minimum premium:

Premium payment mode
Annual
Minimum premium#
INR2,000,000/- per annum
Premium payment mode
Half-yearly
Minimum premium#
INR1,000,000 /- per half year
Premium payment mode
Quarterly
Minimum premium#
INR500,000/- every 3 months
Premium payment mode
Monthly
Minimum premium#
INR166,667 /- per month

Maximum premium: no limit

The minimum premium amounts are different for HSBC India customers compared to what is stated in the product brochure

Premium payment terms

Option
Premium payment option
Premium payment term (PPT) in years
Policy terms (PT) in years
Life option
Limited pay
5 to (PT-1) years
10 to 30 years (inclusive)
Life option
Regular pay
Same as PT
10 to 30 years (inclusive)
Care option
Limited pay
10 to (PT-1) years
10 to 30 years (inclusive)
Care option
Regular Pay
Same as PT
10 to 30 years (inclusive)
Century option
Limited pay
10 to PT -1
100-Age at entry
Century option
Regular pay
Same as PT
100-Age at entry

Premium payment terms

Option
Life option
Premium payment option
Limited pay
Premium payment term (PPT) in years
5 to (PT-1) years
Policy terms (PT) in years
10 to 30 years (inclusive)
Option
Life option
Premium payment option
Regular pay
Premium payment term (PPT) in years
Same as PT
Policy terms (PT) in years
10 to 30 years (inclusive)
Option
Care option
Premium payment option
Limited pay
Premium payment term (PPT) in years
10 to (PT-1) years
Policy terms (PT) in years
10 to 30 years (inclusive)
Option
Care option
Premium payment option
Regular Pay
Premium payment term (PPT) in years
Same as PT
Policy terms (PT) in years
10 to 30 years (inclusive)
Option
Century option
Premium payment option
Limited pay
Premium payment term (PPT) in years
10 to PT -1
Policy terms (PT) in years
100-Age at entry
Option
Century option
Premium payment option
Regular pay
Premium payment term (PPT) in years
Same as PT
Policy terms (PT) in years
100-Age at entry

For single premium policies

Sum Assured (SA) Cover Multiple
Age at entry (in years)
Policy term (in years)
10 0 to 32
5 to 30 years
10 33 to 38
5 to 20 years
10 39 to 44
5 to 10 years
10
45 to 49
5 years
10
50 to 65
N/A
1.25 0-65
5 to 30 years

For single premium policies

Sum Assured (SA) Cover Multiple
10
Age at entry (in years)
0 to 32
Policy term (in years)
5 to 30 years
Sum Assured (SA) Cover Multiple
10
Age at entry (in years)
33 to 38
Policy term (in years)
5 to 20 years
Sum Assured (SA) Cover Multiple
10
Age at entry (in years)
39 to 44
Policy term (in years)
5 to 10 years
Sum Assured (SA) Cover Multiple
10
Age at entry (in years)
45 to 49
Policy term (in years)
5 years
Sum Assured (SA) Cover Multiple
10
Age at entry (in years)
50 to 65
Policy term (in years)
N/A
Sum Assured (SA) Cover Multiple
1.25
Age at entry (in years)
0-65
Policy term (in years)
5 to 30 years

Plan UIN number: 136N069V02

Note: single premium option is not available under care option and century option. The above policy terms for regular/limited/single premium policies are available subject to maximum maturity age allowed under the product as well as subject to maturity age being 18 years or more.

 

Death benefit

  • Life option and Century option: Higher of sum assured ( less applicable partial withdrawal/systematic withdrawal/milestone withdrawal) or fund value will be paid as on date of intimation of death claim and policy will terminate
  • Care option: on death of the life assured, lump sum is paid immediately and remaining future premiums are funded by the company as and when due and fund value is paid at maturity.

 

Maturity benefit

On maturity, you will receive the fund value based on the prevailing Net Asset Value (NAVs). You also have the option to take fund value on maturity in periodic installments as per settlement option. (See details on settlement option)

 

Range of unit-linked funds available in the plan

This plan gives you the flexibility to manage & control the savings in your own way. Here you can choose from a range of 8 unit-linked funds. You can choose to allocate your premiums to any, all or a combination of the unit-linked funds as per your risk preference.

 

Investment management options

You can choose one among following 4 different investment management options to manage and build on wealth in an optimal way:

  1. Systematic transfer option (STO): If you want to invest in equity oriented fund but are worried about market volatility and risk associated with lump sum investment, then you can opt for sto which enables you to enter the equity market in a systematic manner.Through this option, your entire premium will be first allocated to the liquid fund and then systematically transferred on a monthly basis into any one of the mentioned unit-linked funds - india multi-cap equity fund or equity ii fund or emerging leaders equity fund or large cap advantage fund as chosen by you.
  2. Return Protector Option (RPO): This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd policy year onwards ,your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.
  3. Auto Funds Rebalancing (AFR): If you wish to maintain allocation of your investments in a specific proportion across different unit-linked funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. After you've chosen it, after every 3 months, it automatically rebalances the allocation of your investments in various unit-linked funds to the allocation proportions chosen by you.
  4. Safety Switch Option (SSO): As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four policy years.

 

Loyalty additions

This plan offers fund value related loyalty additions from end of the 5th policy year and every 5th year till the end of the premium payment term provided all the due premiums are received till that time. The loyalty additions for each unit-linked fund will be equal to a percentage of the average fund value of last 60 monthly policy anniversaries for the respective unit-linked fund.

 

Wealth boosters

This plan also offers additional allocation of units which will be added to the unit-linked fund(s) at specific policy intervals provided all due premiums till date have been paid. These wealth boosters will be a percentage of the average fund value of last 60 monthly policy anniversaries.

 

Other benefits

  1. Systematic Withdrawal Option (SWO): This plan also offers a systematic partial withdrawals facility called SWO. Under this option, a pre-decided percentage of the fund value will be withdrawn and paid to the Policyholder at a chosen frequency for the remainder of the Policy Term. The Policyholder can choose for SWO option at inception or anytime during the Policy Term. The availability / operation of this option will be subject to certain conditions.
  2.  Milestone Withdrawal Option (MWO): In this option, at the end of the 10th Policy Year and every 5th year thereafter (excluding the milestone coinciding with the policy maturity date), 20% of the available fund value as on the date of payment will be given to the policyholder. The availability / operation of this option will be subject to certain conditions.
  3.  Partial withdrawal: This product allows the policyholder to make partial withdrawals from 6th policy year onwards provided all due Premiums for first 5 policy years have been paid or Life Assured attaining 18 years of age, whichever is later.
  4. Return of mortality charges: This feature is available under all three options. An amount equal to the total of all the mortality charges deducted during the policy term will be added to the fund value at the maturity date, provided all due premiums have been received till the maturity date, subject to certain conditions.
  5. Reduction in premium: After payment of premiums for the first five completed policy years, the policyholder will have an option to decrease the premium payable under the policy up to 50% of the annualised premium, subject to the minimum premium limits as applicable basis the cover option opted. Premium reduction shall be subject to certain conditions
  6. Settlement option: You can choose to receive your maturity benefit through settlement option in installments as per the frequency chosen by you, over a maximum period of 5 years. You may opt for complete withdrawal of fund value at any time during this period. The settlement option will be available only in cover options 1 and 2. However, request of settlement option cannot be made after the death of the life assured under cover option 'Care'.
  7. Tax benefits: Tax benefits under the policy will be as per the prevailing income tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Key things you should know

  • This policy will cover you for the policy term as chosen by you.

    Policy term – from 10 years to 30 years for limited/regular pay (subject to age at entry and exit) and from 5 years to 30 years for single pay (according to age)

    Premium payment term – from 5 year's up to the policy term selected for limited/regular pay and single premium for single pay
  • Please pay your premiums regularly and on time to enjoy life cover benefits. In case premiums are discontinued anytime during the first 5 years of premium payment term, your life cover will cease to exist. (not applicable for single premium policies).
  • The lock in period of this plan is 5 years. Please note that if you surrender the policy within first 5 years, the surrender value will only be paid at the end of 5 years.
  • As this is a unit linked insurance plan, the premiums paid by you and the returns are subject to market performance and therefore not guaranteed.
  • Premiums paid by you will be invested in your chosen funds and there will be no deduction of allocation charges. For details on all charges applicable, please refer to annexure 1 of this document.
  • 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.

Terms and conditions

This product would not be offered to customers having residence in Japan or nationality of Japan

  • 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), 2nd Floor, Orchid Business Park, Sector-48, Sohna Road, Gurugram-122018, Haryana, India.
  • HSBC (IRDAI registration no. CA0016) is a corporate agent of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (License no. 136) having its India corporate office at 52/60, MG Road, Fort, Mumbai – 400 001. HSBC does not act as an insurer or underwrite the risks and does not accept any responsibility for any decision made by Canara HSBC Oriental Bank of Commerce Life.
  • 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, terms and conditions please read the sales brochure carefully before concluding a sale:
    Website: www.canarahsbclife.com
    Call: 1800-103-0003/1800-180-0003 (MTNL / BSNL)
    E-mail: customerservice@canarahsbclife.in
    SMS your query to: 9779030003 to get a call back within 48 hours
  • Beware of spurious / fraud phone calls!

 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

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