A savings plus life insurance plan provides a protection benefit for an individual to save for the future. Moreover, a program that offers a lump-sum payment after the insured's death and builds a portfolio for the long run is crucial. The Canara HSBC Invest 4G is a plan that gives a secure life cover combined with flexible investment options in 8 unit-linked funds. This feature helps one to build funds to protect the family's future. The purpose of this plan is to introduce financial protection and planning for the members of your family, especially the children. The plan has three cover options designed to suit different life stages, like childcare, education, and marriage.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
10-30 years, based on cover option and plan
For century option: 100-Entry Age
Premium Paying Term
For Life Option- Single Pay; Limited Pay: 5 to PT-1 years; Regular Pay: Same as PT
For Care Option- Limited Pay: 10 to PT-1 years; Regular Pay: Same as PT
For Century Option- Limited Pay: 10 to PT - 1 year; Regular Pay: Same as PT
*PT is Policy Tenure
Premium Paying Mode
Single, Monthly, Quarterly, Semi-Annual, Annual
0 to 65 years based on plan variant and cover option
18-100 years based on plan variant
30 days (15 days for monthly)
Life Option- Single Pay: 1.25 or 10 times Single Premium; Limited Pay /Regular Pay: 10 times Annualized Premium
Care Option- Limited Pay /Regular Pay: 10 times Annualized Premium
Century Option- Limited Pay /Regular Pay: 10 times Annualized Premium
Systematic Withdrawal/ Milestone Withdrawal options during the policy term
Partial withdrawal allowed after 6th policy year
Canara HSBC Invest 4G Plan has the following core benefits to offer:
One can get the Fund Value on the maturity of their Canara HSBC Invest 4G Policy.
One can choose any one of these eight funds as per their risk preference:
Alternatively, you get to select among the four options for wealth-creation and portfolio management:
Tax benefits under the policy are subject to amendments in prevailing tax laws.*
*Tax benefit is subject to changes in tax laws.
The Canara HSBC Invest4G premium amounts for the different cover options are:
Annual Premium: 24,000
*Standard T&C Apply
Annual Premium- 48,000
Maximum Premium: No Limit
Moreover, people can utilize the Canara HSBC Invest4G calculator to get an estimate about the premium sum.
The Canara HSBC Invest4G policy does not come with any riders. However, there are options to manage your portfolio with Premium Funding Benefit, Systematic and Milestone withdrawals, and multiple portfolio management options.
To buy Canara HSBC Invest4G, prospectors require:
A common myth of insurance buying is that it is a long process requiring a ton of paperwork. Fortunately, you can buy Canara HSBC Investing4G online. Here's the method to purchase it:
Step 1: Visit the insurer’s website.
Step 2: Enter your name, email ID, and mobile number.
Step 4: Click "Contact Me," and a call back will get arranged for you at the earliest.
You can also approach Policy bazaar and provide your details for purchase assistance.
Canara HSBC Invest 4G reviews are predominantly favourable. Moreover, it is a comprehensive plan giving both savings and opportunities for wealth creation. There is exclusion: the suicide exclusion, which states that the Policyholder is entitled to the Fund Value if death due to suicide occurs within 12 months of commencement. The policy terminates after that.
If any of the above payments have gotten paid off, then the policy will get terminated.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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