Planning for one's future during your life's active phase gives the ultimate joy and contentment in building a healthy retirement corpus. In the investment plans under the pension category, the Canara HSBC Secure Bhavishya Plan offers to be a wise option to provide a steady post-retirement income to meet any healthcare or personal expenses. This plan allows you to plan to choose your retirement age and build funds with this in mind.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|Policy Tenure||Minimum: 10 years Maximum: 80 years less entry age For Regular & Limited Pay, maximum policy term: 35 years For Single pay, maximum policy term: 30 years|
|Premium Paying Term||
|Premium Paying Mode||Annual and monthly modes available|
|Entry Age||25 -70 years|
|Maturity Age||40 -80 years|
|Grace Period||30 days for annual mode and 15 days for monthly mode|
|Sum Assured||Guaranteed maturity benefits based on the policy term and market movements.|
|Liquidity||Partial withdrawals allowed after 6th year of the policy.|
Canara HSBC Secure Bhavishya Plan has the following set of core benefits:
This is applicable wherein the higher of the fund value or up to 105% of all the regular plus top-up premiums paid until death is applicable.
A guaranteed maturity benefit is applicable subject to payments of all due premiums and remains pegged at 101% of the total premiums paid.
You get the flexibility to pay any number of additional top-ups depending on your ever-changing retirement needs.
The Canara HSBC Secure Bhavishya Policy will boost your fund value every five years, after the 10th policy year, by including loyalty additions.
Based on your risk profile, you can choose from different available funds. While Pension Growth funds are high in risk and returns, pension debt funds are a safer choice. Also, there is a Pension Balanced fund if you want moderate returns and willing to take some risks.
The premiums paid for the Canara HSBC Secure Bhavishya Policy qualify for certain tax benefits under the Income Tax Act.
* Tax benefit is subject to changes in tax laws
The premium payable under this plan can be broadly categorized into three groups:
Canara HSBC Secure Bhavishya Plan premium offers flexibility and ease while planning to build your retirement corpus.
Entry Age: 25 to 70 years
To buy Canara HSBC Secure Bhavishya Plan, the below documents are required:
The option for online Canara HSBC Secure Bhavishya Plan is currently not available. It can be purchased offline by following the below-mentioned steps:
Suicide Exclusion – If the insured person dies by suicide within 12 months of the policy start date or policy revival date, the nominee or the claimant is eligible for fund value as available on the date of intimation of death. Any previously recovered charges before the insured’s death will also be returned to the claimant.
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