Canara HSBC Easy Bachat
  • 2 Plan Options
  • Guaranteed Additions
  • Lower Premiums
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Customized Investment Plan for you.

Select Your Annual Income

15 Lacs+ P.A. 10-15 Lacs P.A. 7-10 Lacs P.A. 5-7 Lacs P.A. 3-5 Lacs P.A. Upto 3 Lacs P.A.

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Canara HSBC Easy Bachat

Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the protection level: Endowment option or Money-back option.

Endowment Option: In this variant, you'll get an assured life cover during the policy term and a lump sum on maturity.

Money-back Option: Under this option, you'll get assured life coverage during the policy term, a lump sum on maturity, and survival benefits during the premium payment term.

With the Canara Easy Bachat plan, you can grow your savings with yearly guaranteed additions added at the end of each policy year, only during the premium payment term. The plan offers the flexibility to choose a premium payment term for 5, 7, or 10 years (PPT) and enjoy life cover for 10, 15, or 20 years.

Key Features of Canara HSBC Life Insurance Easy Bachat Plan:

why-choose
  • The investment plan offers flexible premium payment terms that allow you to choose how long you want to pay: 5, 7, or 10 years.
  • Choice of two plan options allows you to select the protection level: Endowment option or Money-back option.
  • The plan offers the flexibility to choose a premium payment term for 5, 7, or 10 years (PPT) and enjoy life cover for 10, 15, or 20 years.
  • The plan offers guaranteed yearly additions at the end of the premium payment term to maximize savings.
  • In this plan, you'll get the dual protection benefits and long-term savings
  • With Easy Bachat Plan Canara HSBC, you can stay protected with life cover for the entire policy term.
  • Guaranteed Maturity Benefit is offered at the end of the policy term.

Eligibility Criteria for Canara HSBC Easy Bachat

Your Occupation

Entry age

Min- 18 years, Max- 55 years

Mukhyamantri Amrutam Yojana

Maturity age

65 years

Your Gender

Policy tenure

10, 15, 20 years

Maternity Benefit Rider

Premium payment term

5, 7, 10 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Quarterly, Half-Yearly or Annually

Maternity Benefit Rider

Sum assured

10 Lacs

Plan Options Under Canara HSBC Easy Bachat Plan

  1. Endowment Option

    In this variant, you'll get an assured life cover throughout the policy term and a lump sum guaranteed maturity benefit when your policy matures.

    Benefits Details
    Maturity Benefit Under the Endowment option, if you survive till the maturity date, you shall receive a maturity benefit with the following additions:
    • Guaranteed Sum Assured on Maturity
    • Guaranteed Yearly Additions
    Life Insurance Death Benefit If the policyholder passes away, unfortunately during the policy term, the death benefit amount payable to your nominee will be as follows:
    • Sum Assured on Death
    • Guaranteed Yearly Addition(s) up to the date of death
  2. Money-back Option

    Under this option, you'll get assured life coverage during the policy term, a lump sum on maturity, and survival benefits during the premium payment term.

    Benefits Details
    Survival Benefit Once you survive till the end of the premium payment term, the survival benefit amount payable to you will be as follows:
    • On Survival, 30% of the Sum Assured is Payable
    Maturity Benefit If you outlive the policy term and the policy is in force, the maturity benefit amount payable to you will be as follows:
    • Guaranteed Sum Assured on Maturity
    • Guaranteed Yearly Additions
    Life Insurance Death Benefit Upon the policyholder's untimely demise before the maturity date, the insurance cover amount will be as follows:
    • Sum Assured on Death
    • Guaranteed Yearly Addition(s) up to the date of death

Canara HSBC Investment Plans

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

  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term

Canara HSBC Money Back Advantage (Pros)

Canara HSBC Money Back Advantage
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity

Canara HSBC Money Back Advantage (Cons)

Canara HSBC Money Back Advantage
  • Suicidal death not covered
  • Aviation accidents not covered
  • Death related to intoxication not covered

Canara HSBC Money Back Advantage (Other Benefits)

Canara HSBC Money Back Advantage
  • Tax benefits as per Income Tax Act 1961
  • Death benefits
  • Maturity benefits

Canara HSBC Money Back Advantage (Eligibility Criteria)

Canara HSBC Money Back Advantage
  • Minimum entry age- 8 year
  • Maximum entry age- 55 years
  • Minimum sum assured- 1 Lakh
  • Maximum sum assured- No Limit
  • Maximum policy term- 16 years

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

  • Loyalty addition
  • Choice of 8 funds
  • Flexible PPT

Canara HSBC Titanium Plus (Pros)

Canara HSBC Titanium Plus
  • Wealth booster and loyalty addition
  • Flexible premium payment term
  • Multiple Portfolio Management Options

Canara HSBC Titanium Plus (Cons)

Canara HSBC Titanium Plus
  • Suicidal death not covered
  • Joint life cover not applicable
  • You cannot get policy loan

Canara HSBC Titanium Plus (Other Benefits)

Canara HSBC Titanium Plus
  • Switching of investment among different funds
  • Enhance protection through riders
  • Life covers up to the age of 80 years

Canara HSBC Titanium Plus (Eligibility Criteria)

Canara HSBC Titanium Plus
  • Minimum entry age- 0 year
  • Maximum entry age- 70 years
  • Maximum sum assured- 1.25 X Single Premium
  • Maximum policy term- 30 years

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

  • 2 Plan Options
  • Guaranteed Additions
  • Lower Premiums

Canara HSBC Easy Bachat (Pros)

Canara HSBC Easy Bachat
  • Survival benefit
  • Maturity benefit
  • Life insurance death benefit

Canara HSBC Easy Bachat (Cons)

Canara HSBC Easy Bachat
  • Suicides not covered
  • Death due to aviation accident
  • Death due to any adventurous sports

Canara HSBC Easy Bachat (Other Benefits)

Canara HSBC Easy Bachat
  • Surrender value
  • Endowment options
  • Money back options

Canara HSBC Easy Bachat (Eligibility Criteria)

Canara HSBC Easy Bachat
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 20
  • 000
  • Maximum sum assured- Rs 10
  • 00
  • 000
  • Maximum policy term- 20 years

Canara HSBC Invest 4G Plan provides dual benefits to policyholders: life coverage to give financial protection for their family, and maturity benefits...

Unique Features

  • Loyalty additions
  • Wealth boosters
  • Minimal associated charges

Canara HSBC Invest 4G (Pros)

Canara HSBC Invest 4G
  • Death benefit
  • Maturity benefit
  • Loyalty additions

Canara HSBC Invest 4G (Cons)

Canara HSBC Invest 4G
  • Suicidal death is not covered
  • Air accidents not covered

Canara HSBC Invest 4G (Other Benefits)

Canara HSBC Invest 4G
  • Wealth boosters
  • Return of morality charges
  • Partial withdrawal charges

Canara HSBC Invest 4G (Eligibility Criteria)

Canara HSBC Invest 4G
  • Minimum entry age- 18 year
  • Maximum entry age- 50 years
  • Minimum sum assured- Life insurer’s age < 45 years- Higher of 10 Times AP 0.5*T*Annualised Premium
  • Maximum policy term- 30 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of Canara HSBC Life Insurance Easy Bachat Policy

There are various benefits to buying the Canara HSBC Life Insurance Easy Bachat Policy. Let’s understand each of them in detail:

  • Death benefits:Upon the insured person's untimely death during the policy term, the sum assured on death payable is higher than 11 times the Annualized Premium, or 105% of Total Premiums Paid as on date of death, or Guaranteed Sum Assured on Maturity, or the Absolute amount assured to be paid on death.
  • Maturity Benefit:The guaranteed maturity amount may vary based on your chosen plan option at policy inception. The maturity benefit amount payable to you will be as follows, For the Endowment option: 100% of the Sum Assured and For The back option: 70% of the Sum Assured.
  • Guaranteed Yearly Additions (GYAs):With the Canara Easy Bachat plan, you can grow your savings with yearly guaranteed additions added at the end of each policy year, only during the premium payment term. However, the yearly guaranteed addition will equal 20% of the annualized premium. The accumulated guaranteed addition will be paid out at maturity or death of Life Insured, whichever is earlier.
  • Surrender Value:If you feel there's no need to continue the policy, you can surrender it and receive the surrender value. Under this plan, policy surrender is allowed after a premium payment of two full years’ premium. On policy surrender, you will get higher of Guaranteed Surrender Value (GSV) or special Surrender Value (SSV)

Canara HSBC Life Insurance Easy Bachat Plan - Policy Details

  1. Policy Revival

    You can revive your lapsed policy within five years after the due date of the first unpaid premium.

    Check out the revival Terms & Conditions-

    • A written application from you for revival.
    • You must pay your premium and interest rate to restore your policy to its total value.
  2. Policy Loan

    With the Canara HSBC Easy Bachat plan, you can take out a loan after the policy obtains the surrender value. However, the minimum loan amount for a policy is Rs.5,000, and the maximum loan amount will not exceed 80% of the acquired surrender value.

Documents Required to Buy Canara HSBC Easy Bachat Plan

Here is the list of documents required to buy the Canara HSBC Easy Bachat Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Canara HSBC Easy Bachat?

You can buy the Canara HSBC Easy Bachat official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Canara HSBC Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'Canara HSBC Easy Bachat Plan'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the Canara HSBC Easy Bachat Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of Canara HSBC Easy Bachat Plan

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Plan At a Glance

What’s Good Here What’s Missing
Choice of 2 Plan Options Premium Offset
Guaranteed Yearly Additions High Sum Assured Rebate
Survival Benefit Auto cover continuance
Flexible-Premium Payment Term Additional Riders
Lower Premiums Whole Life Cover

In a nutshell

Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers a choice of two plan variants, allowing you to customize your plan according to your goals and needs.

For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.

Canara HSBC Easy Bachat Plan: FAQs

1. What are the plan options in the Canara Easy Bachat plan?

Choice of two plan options allows you to select the protection level: Endowment option or Money-back option.

2. What is the minimum or maximum sum assured in the Canara HSBC Easy Bachat plan?

The minimum or maximum sum assured in the Canara Easy Bachat plan is ₹20,148 to ₹10 lacs.

3. How long does the life cover last after premium payment in the Canara Easy Bachat plan?

If you pay premiums for 5, 7, or 10 years (PPT), your life insurance coverage extends for 10, 15, or 20 years.

4. Can I revive the Canara Easy Bachat policy after 2 years of unpaid premiums?

Yes, once you pay your premiums and interest, your policies will be revived to their total value.

5. When will I receive the accrued yearly guaranteed addition?

The accumulated guaranteed addition will be paid out at maturity or death of Life Insured, whichever is earlier.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Written By: Sahil Singh Kathait

A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.