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Smart Suraksha plan

Smart Suraksha plan provides life insurance cover along with the option to cover against accidental death/ disability

Why choose a Smart Suraksha plan?

The plan is meant for individuals who are likely to be the primary breadwinners of their family and would like to financially secure their dependents in case of an unfortunate event.
  • Product Boundary - Your entry age should be between 18 years to 65 years.
  • Maximum age at Maturity : 75 years
  • Policy Term : 5 years/ 10 years/ 15 years/ 20 years/ 25 years/ 30 years or coverage up to Age 60

Plan UIN Number:

  • 136N039V03

Ways to open:

Branch

Premium Payment Term and Mode

Premium Payment Term and Mode

Premium Payment Term

Regular premium payment  (Same as Policy Term)

Premium Mode

Yearly/monthly

Annual Premium

Minimum premium will depend on minimum entry age and minimum sum assured.

Maximum premium: No limit

Sum Assured

₹20,00,000 & above (subject to underwriting)

Maximum Sum Assured in Life Cover option – No Limit

Maximum Sum Assured under Accident Plus: ₹3 Crs

Maximum Sum Assured under Disability Plus: ₹1 Cr

Premium Payment Term and Mode

Premium Payment Term

Premium Mode

Regular premium payment  (Same as Policy Term)

Yearly/monthly

Premium Payment Term

Annual Premium

Regular premium payment  (Same as Policy Term)

Minimum premium will depend on minimum entry age and minimum sum assured.

Maximum premium: No limit

Premium Payment Term

Sum Assured

Regular premium payment  (Same as Policy Term)

₹20,00,000 & above (subject to underwriting)

Maximum Sum Assured in Life Cover option – No Limit

Maximum Sum Assured under Accident Plus: ₹3 Crs

Maximum Sum Assured under Disability Plus: ₹1 Cr

Key Things You Should Know

This is a Non-Linked, Non-Participating pure Term Insurance Plan wherein premiums (plus taxes as applicable) have to be paid regularly throughout the policy term for continuation of the policy.

The plan does not have any maturity benefit

For the Life Cover option, in case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee.

For Life cover option along with Accident Plus option, in the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured.

For Life cover option along with Disability Plus option, in case the life insured suffers from accidental total and permanent disability, the sum assured under this policy will be paid to the life assured and the policy will terminate; in the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured; in case of a non-accidental death of the Life Insured, only the sum assured will be paid to the nominee.

The plan option chosen at inception cannot be changed post policy issuance

After the expiry of free-look period, there is no option to surrender the plan. The plan does not pay any surrender value during the entire term.

If cancelled during the free-look period, the premium paid will be returned after deducting the proportionate risk premium for period of life cover and other expenses incurred if any.

The product offers a flexibility to choose Annual or Monthly premium payment modes

Purchase of insurance product is purely voluntary and is not linked to availment of any other facility from the bank
    You should go through the entire document to have a complete understanding of the policy you are purchasing

Apply for a Smart Suraksha plan

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Contact us today to have your questions answered

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Important Information

Terms & Conditions

Insurance is the subject matter of solicitation

The Insurance products are offered and underwritten by Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (IRDA Regn. No. 136) Unitech Trade Centre, 2nd Floor, C-Block, Sushant Lok, Phase I, Sector-43, Gurgaon, Haryana - 122 009

The Hongkong and Shanghai Banking Corporation Limited, India (HSBC/Bank) (IRDAI Regn. no. CA0016) whose registered 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 having its registered office at C31 and C32, First Floor, Connaught Circus, New Delhi - 110 001

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

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. SMS: 9779030003.

Missed Call: 0124-6156600. E-mail: customerservice@canarahsbclife.in

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDA clarifies to public that:

IRDA or its officials do not involve in activities like sale of any kind of Insurance or financial products nor invest premiums

IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of the phone call and number

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