Canara HSBC Investment Plans
- Explore Canara HSBC Plans
- Benefits Offered
- Buying Process
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was founded in 2008 and is headquartered in Gurugram, Haryana. The company is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank merged with OBC (23%). The company has a well-organized distribution network across the country in Tier 1, 2, and 3 markets (including the rural areas).
Canara HSBC Investment Plans are designed to offer you life coverage along with maturity benefits to ensure wealth creation. There are various different investment plans offered by Canara HSBC and you can choose the one that best fits your requirements and risk appetite.
Canara HSBC Investment Plans ensures to look after your investment needs by offering:
Financial Security
Wealth Creation
Goal Planning
Tax Benefits
Minimum Age - 0 year
100 years
Minimum term - 6 years Maximum term - 30 years
5 to 30 years
Yearly, half-yearly
Rs 25,000 to No limit
To cater to the dynamic insurance needs of an individual and their family, Canara HSBC comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| Canara HSBC Money Back Advantage | Minimum- 8 years Maximum- 55 years | 16 years | Minimum- 1 Lac, Maximum- No Limit |
|
| Canara HSBC Titanium Plus | Minimum 0 years Maximum 70 years | Minimum 0 years, Maximum 30 years | Minimum 1.25 X Single Premium, Maximum 1.25 X Single Premium |
|
| Canara HSBC Easy Bachat | Min- 18 years Max- 55 years | 10, 15, 20 years | 10 Lacs |
|
| Canara HSBC Invest 4G | Min- 18 Max- 65 | 5 to 30 years | Life insurer’s age < 45 years- Higher of 10 Times AP 0.5*T*Annualised Premium |
|
Here is a quick overview of the Canara HSBC Plans listed in the above table.
Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving and protection in the same plan.
There are multiple benefits of Canara HSBC Life Investment Plans. Read below to understand the plethora of advantages provided by the insurer.
Canara HSBC Investment Plans help you accumulate a lump sum amount to fulfill your future financial goals.
Canara HSBC Investment Plans offer financial safety to your loved ones in case something unfortunate happens to you.
Canara HSBC Investment Plans helps to accomplish your future goals such as child education, retirement planning, etc.
Canara HSBC Investment Plans offer you to choose additional rider options as per your requirements by paying an additional amount.
Tax Benefits can be availed for premium payments of Canara HSBC Investment plans under the Income Tax Act 1961.
| Name of the Rider | Benefits |
| Canara HSBC Critical Illness Rider | In case you are diagnosed with critical illness such as heart attack, cancer or kidney failure a lump sum amount is offered. |
| Canara HSBC Accidental Death Rider | If the policyholder dies due to an accident, the nominee will receives the applicable rider benefits |
| Canara HSBC Waiver of Premium Rider | Future premiums are waived off in case you suffer death or disability due to an accident. |
| Canara HSBC Accelerated Death Benefit Rider | Rider benefits are paid in case you are diagnosed with any of the critical illness mentioned in the brochure. |
Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving an...
Unique Features
Canara HSBC Titanium Plus is an individual-linked life insurance savings plan. It offers the dual benefit of insurance and investment. Rather than a n...
Unique Features
Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the prot...
Unique Features
Canara HSBC Invest 4G Plan provides dual benefits to policyholders: life coverage to give financial protection for their family, and maturity benefits...
Unique Features
Here is the list of documents required to buy Canara HSBC Investment Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Canara HSBC Investment Plans allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Canara HSBC Life Insurance Company.
Click on ‘Investment plans’ on the navigation bar and select the plan you want to buy.
Click on the ‘buy now’ button and fill in the required details.
Tap on 'next' and select a plan as per your requirements.
Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.
If you have any more queries regarding Canara HSBC Investment Plans ,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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