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.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
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.
|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|
|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.|
The prerequisite for the benefit disbursal is that the Canara HSBC Smart Lifelong Plan Policy status should be active.
*Tax benefit is subject to changes in tax laws
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:
Maximum: No limit
*Standard T&C Apply
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.
Maturity Age: 99 years
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.
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.
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.
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