Canara HSBC Smart Future Income is designed to provide financial planning through a systematic savings pattern. Guaranteed monthly income, lump-sum benefit, guaranteed protection, loan availability, and tax benefit are the main features of this plan. Guaranteed monthly income is for 15 years, and the income received is tax-free. *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
Buy Canara HSBC Smart Future Income for convenient limited premium payment terms. The plan is designed to maintain a respectable and stress-free lifestyle during retirement years. The plan comes with a death benefit, income benefit, and maturity benefit. Bonuses such as annual bonuses and final bonuses are added to the sum assured amount periodically.
*Terms and Conditions apply
|Policy Tenure||25 years|
|Premium Paying Term||10 years|
|Premium Paying Mode||Canara HSBC Smart Future Income can be on an annual or monthly basis. Premium mode can be changed. To arrive at the monthly premium payable, the annual premium is multiplied with a factor of 0.09.|
|Entry Age||Minimum age at entry is 18 years Maximum age at entry is 55 years|
|Maturity Age||Max age at maturity is 80 years|
|Grace Period||30 days from the date of unpaid premium. For monthly and PSP mode, it is 15 days. If premiums are not paid within the grace period, the policy lapses.|
|Sum Assured||Minimum sum assured is 100 multiplied by the chosen monthly income.|
|Liquidity||Every year annual bonus (simple reversionary bonus) is added to the policy, provided Canara HSBC Smart Future Income policy status is in-force. The policy can also receive a final bonus (terminal bonus). Accrued bonuses are paid along with the sum assured at policy maturity or as the death benefit.|
Online Canara HSBC Smart Future Income has the following benefits:
* Tax benefit is subject to changes in tax laws
The online Canara HSBC Smart Future Income has 10 years premium payment term. *
Minimum monthly income should be Rs. 5000 per month to avail premium-paying status. Premium depends on factors such as monthly income, entry age, and premium mode chosen. Use the Canara HSBC Smart Future Income calculator to compute the premium.
*Standard T&C Apply
There are no additional riders available in Canara HSBC Smart Future Income policy and the individual may consult the policy brochure available online for more information.
Minimum age at entry for Canara HSBC Smart Future Income policy is 18 years and maximum age for entry is 80 years. Max age at maturity is 43 to 80 years.
To buy Canara HSBC Smart Future Income, the individual needs:
The individual can purchase the policy online by:
Under Canara HSBC Smart Future Income plan there is suicide exclusion where the policyholder or nominee will receive cover in case of suicide attempt that has occurred within a year of the policy.
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