Canara HSBC INVEST4G

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
Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

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.

Canara HSBC Invest 4G Details:

Parameters  Details 
Policy Tenure For Single Pay Life Option: 5 years to 30 years; as per cover multiple and entry age For Limited & Regular Pay:
  • Life: 10 years to 30 years
  • Care: 10 years to 30 years
  • Century: 100 years- Entry Age
Premium Paying Term Life:  
  • Single
  • Limited: 5 years to the Policy Term less 1 year 
  • Regular- Same as the Policy Term
Care: 
  • Limited: 10 to the Policy Term less 1year
  • Regular: Same as the Policy Term
Century:
  • Limited: 10 to the Policy Term less 1 year
  • Regular: Same as the Policy Term
Premium Paying Mode Annual, Semi-Annual, Quarterly and Monthly, Single
Entry Age Life: Minimum 0/ Maximum 65 years Care: Minimum 18 years/ Maximum -50 years Century: Minimum 18 years/Maximum 65 years
Maturity Age Life: Minimum 18 years/ Maximum 80 years Care: Minimum 28 years/ Maximum 80 years Century: Up to 100 years
Grace Period Monthly: 15 days; Other Modes: 30 days
Sum Assured Based on PPT, Entry Age and Annualized premium
Liquidity  Partial Withdrawals available after 5 policy years.

Benefits of the Canara HSBC INVEST4G

Canara HSBC Invest 4G has a wide range of benefits to offer to its buyers. They are mentioned below:

  • Death benefit- The Death Benefit is given to the policyholder’s nominee in the event of the Insured’s death during the plan tenure, the policy being in force, i.e. Canara HSBC Invest policy status is active. This benefit depends upon the plan variant. It will be calculated based on the Sum Assured less withdrawal, the existing Fund Value of the Policy or as a fixed percentage of all the premiums paid.
  • Maturity Benefit- This will be based on the existing Fund Value and the cover option chosen. For Life, Care and Century options, the Maturity Benefit is paid as the Fund Value as on maturity and the policy ceases to act thereafter, depending upon the maturity date.
  • Fund Additions- The plan offers additions to the investor’s funds in the form of Loyalty Additions and Wealth Boosters. Loyalty additions are added every 5th Policy year, till the end of the premium payment term. Also, if all due premiums of the policy are taken care of, Wealth boosters are added as a percentage mentioned in the policy document.
  • Partial Withdrawals available- These are available as Milestone Withdrawal Option or MWO, and Systematic Withdrawal option or SWO. The policyholder can make partial withdrawals from the sixth policy year and they are free of charge.
  • Tax Benefits: Tax savings are available for the premiums paid under the policy or the benefits received under the prevailing Income Tax laws.

The tax benefit is subject to changes in tax laws

The Premium for Canara HSBC INVEST4G Plan

Canara HSBC Invest 4G Premium values for Single premium or Annualized Premium under all 3-plan options are as follows:

Life:

  • Single-Premium: Rs. 1 Lakh to NO LIMIT
  • Limited and Regular Premium: Rs. 24,000 to NO LIMIT

Care:

  • Limited and Regular Premium: Rs. 48,000 to NO LIMIT

Century:

  • Limited and Regular Premium: Rs. 48,000 to NO LIMIT

One can use Canara HSBC Invest 4G plan calculator to determine different values of premium under various plan covers.

Additional Riders for Canara HSBC INVEST4G

No riders are available.

Eligibility for Canara HSBC INVEST4G

Age of Entry for all the 3 plan covers is:

    • Life: From 0 years to 65 years
    • Care: From 18 years to 50 years
  • Century: From 18 years to 65 years

Age of Maturity for all 3 plan variants is:

  • Life: From 18 years to 80 years
  • Care: From 28 years to 80 years
  • Century: Up to the age of 100 years

What are the Documents Required to Buy this Policy?

Individuals, who are planning to buy Canara HSBC Invest Plan, need to submit these documents to the Insurer:

  • Identity proof - Passport,  Driver license, AADHAR card, or PAN Card
  • Address proof - Passport, Driving license, AADHAR card or voter’s card
  • Income proof, such as salary statements or ITRs

How to Buy this Plan Online?

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.

Exclusions of Canara HSBC INVEST4G

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.

FAQ's

*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
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
Best Long-Term Investment Plans in 2024

05 Jun 2024

In today's dynamic financial landscape, choosing the right
Read more
Lumpsum Investment

21 May 2024

Investments are broadly classified into two categories: the SIP
Read more
Government Bonds

09 May 2024

Government bonds are debt securities issued by a government to
Read more
Monthly Investment Plan

07 May 2024

Monthly Investment Plans are financial products where investors
Read more
SBI NRI Account

07 Feb 2024

The State Bank of India (SBI) NRI account is designed for
Read more
Best NRE Savings Accounts for NRIs in 2024
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
20 Best Investment Options in India in 2024
Investing in the best investment options in India helps to maximize your returns and fulfill your immediate and
Read more
Short Term Investments Options
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
How to Change Mobile Number in Post Office Account Online?
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL