Canara HSBC Smart Lifelong Plan

Handsome returns on investment coupled with a life insurance cover are chosen by many individuals who have a risk appetite. The Canara HSBC Smart Lifelong Plan delivers the twin benefits and lifelong protection, as the name suggests. The Canara HSBC Smart Lifelong Plan Policy is a Unit Linked Life Insurance product laced with flexibility in every step.

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  • 4.8++ Rated
  • 9.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.9 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
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*
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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
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rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

The policy is perfectly suited to achieve life goals and finance milestones while creating wealth in the long run. The best part is that the policy navigates the insured in the right direction and the right choice to create a healthy corpus. 

Canara HSBC Smart Lifelong Plan Details:

Parameters Description
Policy Tenure Up to 99 years of age
Premium Paying Term  Minimum: 10 years Maximum: 99 years minus the entry age
Premium Paying Mode Yearly  or Monthly
Entry Age  Minimum: 7 years Maximum: 65 years
Maturity Age  99 years
Grace Period 
  • 15 days for monthly mode of payment
  • 30 days for other modes of payment 
Sum Assured  The amount is determined in two bands for below 45 years at entry, age, and over 45 years, based on entry age, annualized premium & policy term. 
Liquidity The policy does not offer any loan facility.

Benefits of Canara HSBC Smart Lifelong Plan

The prerequisite for the benefit disbursal is that the Canara HSBC Smart Lifelong Plan Policy status should be active. 

  • Death Benefit: Upon the insured's death within the policy term, the nominee will receive the death sum asured or the fund value as on the intimation date. 
  • Maturity Benefit: On survival till the attainment of 99 years of age, the insured will receive the fund value, and the policy will terminate. 
  • Loyalty Addition: It is paid in the form of an extra allocation of units to the fund. It is guaranteed once added to the fund value. 
  • Investment Fund Options: The insured is free to choose from among the available seven options to satisfy investment needs. As per the insured's risk preference, the premium can be allocated to all, any, or a combination of instruments. 
  • Tax Benefit: According to the prevailing tax laws under the Income Tax Act, 1961, the premium paid and benefit received are entitled to the tax deduction. 

*Tax benefit is subject to changes in tax laws

The Premium for Canara HSBC Smart Lifelong Plan

The Canara HSBC Smart Lifelong Plan premium frequency is either annual or monthly. Those who opt for the Monthly frequency must remember that the initial three premiums are collected in advance. The indicative sample premium in the policy is:

Minimum:

  • Monthly Premium: Rs.3,000 every month
  • Annual Premium : Rs.25,000 p.a.

Maximum: No limit

*Standard T&C Apply

Additional Riders for Canara HSBC Smart Lifelong Plan

The Canara HSBC Smart Lifelong Plan Reviews offer a great scope to update knowledge about the plan's features and their significance. It is found that the policy does not offer any additional riders. 

Eligibility for Canara HSBC Smart Lifelong Plan

Entry Age:

  • Minimum: 7 years
  • Maximum: 65 years

Maturity Age: 99 years

What are the Documents Required to Buy this Policy?

The bare minimum copies of Official Valid Documents to buy   Canara HSBC Smart Lifelong Plan are listed below. However, it must be remembered that the insurer can call for any additional document if needed. 

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Details
  • Recent Photograph

How to Buy this Plan Online?

The online Canara HSBC Smart Lifelong Plan is not among the policies offered for purchase at the insurer portal. The applicant can request for meeting with an advisor to help arrive at an informed decision. The Canara HSBC Smart Lifelong Plan calculator also helps the applicant to visualize the policy contours matching financial status. Under the circumstances, the applicant must buy the plan at the nearest insurer's brick and mortar office. The points to be kept in mind specifically are the boundary conditions in the policy.

Exclusions of Canara HSBC Smart Lifelong Plan 

The Suicide Exclusion is applied in the case of suicidal death within the first twelve months of the policy's inception, or from the revival date. The insurer's nominee is entitled to the Fund Value available on the intimation of the death date. The applicable charges are recovered, and the policy is terminated. 

FAQ's

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Canara HSBC Smart Lifelong Plan Reviews & Ratings

4.6 / 5 (Based on 1227 Reviews)
(Showing Newest 10 reviews)
Neha
Hyderabad, February 17, 2025
Focus on Momentum
PNB MetLife NIFTY five hundred Momentum fifty Index Funds emphasis on momentum investing is a key differentiator.
Rohan
Delhi, February 15, 2025
Exciting New Offering
The PNB MetLife NIFTY five hundred Momentum fifty Index Fund seems like a smart way to participate in the markets momentum.
 Anika
Mumbai, February 15, 2025
Promising Start
The fund focuses on momentum investing within the NIFTY five hundred is intriguing. Looking forward to seeing how it performs
Sushil
Guwahati, January 27, 2025
Transparent Information
I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.
Manish
Ranchi, January 26, 2025
Easy Investment Process
Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.
Priyanka
Bhubaneswar, January 24, 2025
Trustworthy Option
Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.
Amit
Mumbai, January 18, 2025
Flexibility
Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.
Neha
Visakhapatnam, January 18, 2025
Easy KYC Process
The KYC verification was simple and fast which made my investment journey smooth.
Prashant
Udyapur, January 16, 2025
Good
I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.
Karan
Kota, January 16, 2025
Nice
I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.
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