A carefree and financially unchallenging post-retirement life becomes a priority as age advances. With a majority of savings and investments spent on achieving life goals like marriage, child education, asset purchases and loan payoffs, building a post-retirement corpus takes a backseat. Canara HSBC Invest 4G is a Unit Linked Individual Life Insurance cum savings plan that is designed to provide life cover plus building up wealth as an investment product.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
During the lifetime of the insured, the plan helps to build up his corpus through its efficient portfolio management mechanism, thus compiling crucial life savings for the post-retirement period. It also provides a life cover to the insured’s family in the event of his demise. The plan thus comes with dual benefits to suit different needs. It is available in 3 plan variants: Life, Care and Century.
|For Single Pay Life Option: 5 years to 30 years; as per cover multiple and entry age For Limited & Regular Pay:
|Premium Paying Term
|Premium Paying Mode
|Annual, Semi-Annual, Quarterly and Monthly, Single
|Life: Minimum 0/ Maximum 65 years Care: Minimum 18 years/ Maximum -50 years Century: Minimum 18 years/Maximum 65 years
|Life: Minimum 18 years/ Maximum 80 years Care: Minimum 28 years/ Maximum 80 years Century: Up to 100 years
|Monthly: 15 days; Other Modes: 30 days
|Based on PPT, Entry Age and Annualized premium
|Partial Withdrawals available after 5 policy years.
Canara HSBC Invest 4G has a wide range of benefits to offer to its buyers. They are mentioned below:
The tax benefit is subject to changes in tax laws
Canara HSBC Invest 4G Premium values for Single premium or Annualized Premium under all 3-plan options are as follows:
One can use Canara HSBC Invest 4G plan calculator to determine different values of premium under various plan covers.
No riders are available.
Age of Entry for all the 3 plan covers is:
Age of Maturity for all 3 plan variants is:
Individuals, who are planning to buy Canara HSBC Invest Plan, need to submit these documents to the Insurer:
Online Canara HSBC Invest Plan is not available directly. Applicants need to go online on the CANARA HSBC website and fill up and submit a personal detail form with their financial and insurance requirements. A financial advisor from Canara HSBC will contact them and guide through the plan purchase process.
Canara HSBC Invest Plan reviews have spoken about suicide exclusion in the policy document. Herein, in the event the insured person commits suicide within one year of the policy commencement or the policy revival, his nominee will become entitled to receive the then prevailing Fund Value less extra charges as on the date of intimation of the death. The policy will terminate post the payout.
*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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