Canara HSBC Life Insurance Wealth Edge

• Emerging Leaders Equity Fund
• India Multi-Cap Equity Fund
• Equity II Fund
• Growth Plus Fund
• Balanced Plus Fund
• Large Cap Advantage Fund
• Debt Fund
• Liquid Fund

• Systematic Transfer Option (STO)For those who want to invest in an equity-oriented fund but worry about market volatility and risks associated with a lump sum investment. Your entire premium will first be allocated to the Liquid Fund, then systematically transferred on a monthly basis to whichever unit-linked fund you choose: the Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund or Large Cap Advantage Fund.
• Return Protector Option (RPO)For those who want to leverage the equity market by protecting their gains from future equity market volatility. From your second policy year onwards, gains made from an equity fund based on your chosen 'target appreciation' will be automatically transferred to a lower-risk Debt Fund.
• Auto Funds Rebalancing (AFR)For those who wish to maintain allocation of their investments in specific proportions across different unit-linked funds, no matter how the markets move. Every 3 months, the allocation of your investments in various unit-linked funds will be automatically rebalanced to your chosen allocation proportions.
• Safety Switch Option (SSO)For those who want to safeguard their funds and avoid market movements as the policy nears maturity. Your funds can be moved systematically to a relatively low-risk Liquid Fund at the start of each policy year during your last 4 policy years.
• Loss Protector Strategy (LPO)For those who want to protect their investments from future equity market volatility in case of a market downturn. In the event of loss, your investments will be transferred from high-risk funds to low-risk funds based on your chosen 'target depreciation'.

The Wealth Edge plan offers regular loyalty additions in the form of extra units allocated to your chosen unit-linked funds, provided that you've paid all your premiums due.

These regular loyalty additions will be added to your chosen unit-linked funds at the end of each policy, starting from your sixth policy year until the end of your chosen policy term. Each loyalty addition will be 0.5% of the average fund value from the last 12 monthly policy anniversaries.

• This policy will cover you over your chosen policy term.
• Please pay your premiums regularly and punctually to enjoy your live covered benefits. If your premiums are discontinued at any time during the first 5 years of your premium payment term, your life cover will cease to exist. This does not apply to single premium policies.
• The lock-in period for this plan is 5 years. Please note that if you surrender the policy within the first 5 years, the surrender value will only be paid at the end of the 5 years.
• As this is a unit-linked insurance plan, the premiums you pay and the returns you get are subject to market performance, and therefore they're not guaranteed.
• This product has 3 different plan options. The premiums you pay will be invested in your chosen funds after allocation charges have been deducted. Please note that the charges will vary according to your plan option. For details on all applicable charges, please refer to the policy brochure.
• You must disclose all your health details as appropriate in the proposal form to receive the life cover benefits in this policy.
• Non-resident customers should consider the statutory and regulatory requirements of their respective jurisdictions, and ensure compliance, before buying 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 by facilitating the purchase of this product.
• This product is offered to existing HSBC India customers only.
• If you select 'Apply now' to purchase this product online, please note that the first premium payment for this product can only be made online with either an HSBC India credit or debit card.
• Please note that the materials on this page is for reference only and should not be construed as a contract of insurance and/or professional advice. Please refer to the policy brochure for the detailed terms and conditions before you make your purchase, and refer to the policy document once the policy has been issued.
• The purchase of insurance products is purely voluntary and is not linked to any other facility from the Hongkong and Shanghai Banking Corporation Limited, India, ('the Bank' or 'HSBC') or its affiliates.

• Systematic Withdrawal Option (SWO): A systematic partial withdrawals facility offered under this plan. A predetermined percentage of the fund value will be withdrawn and paid to the policyholder at their chosen frequency for the remainder of their policy term. The policyholder can choose SWO at the start of their policy or at any time during their policy term. The availability and operation of this option is subject to certain conditions.
• Milestone Withdrawal Option (MWO): This option gives the policyholder 20% of the available fund value as on the date of payment at the end of their tenth policy year and every fifth year thereafter, excluding the milestone that coincides with the policy maturity date. The availability and operation of this option is subject to certain conditions.
• Partial withdrawal: This product allows the policyholder to make partial withdrawals from their sixth policy year onwards, provided that they've paid all premiums due in their first 5 policy years or that the life assured has reached age 18, whichever is later.
• Return of mortality charge: This feature is available under all plan options. An amount equal to the total of all mortality charges deducted during the policy term will be added to the fund value at the maturity date, provided that all premiums due have been received as at the maturity date and subject to certain conditions.
• Change in premium payment term: You can change your premium payment term at any time to suit your evolving financial needs, after you've paid premiums for your first 5 policy years. The change in premium payment term is subject to the Canara HSBC Life's acceptance per its underwriting policy and the terms and conditions of this plan.
• Increase or decrease of sum assured: You can adjust your sum assured based on your protection needs from your sixth policy year onwards, subject to underwriting acceptance.
• Option to extend policy term: You can change your policy term at any time after you've paid premiums for your first 5 policy years. This change is subject to the Canara HSBC Life's acceptance per its underwriting policy and the terms and conditions of this plan.
• Settlement option: You can choose to receive your maturity benefit through this option in instalments at your chosen frequency, over a maximum period of 5 years. You can opt for a complete withdrawal of the fund value at any time during this period.
• Reduction in premiums: After you've paid premiums for the first 5 completed policy years, you'll have the option to decrease the premium payable under your policy. This decrease can be up to 50% of the annualised premium, subject to the minimum premium limits that apply to the plan option you chose. The reduction shall be subject to certain conditions.
• For more details on risk factors, terms and conditions, please read the policy brochure carefully before making your purchase.