Canara HSBC Life Insurance

Moreover, the company has 28 centers across the country to provide necessary training and coaching support to the bank staff. Canara HSBC Life Insurance is first to launch 'Immediate Payouts on Death Claim' under which the deceased's family will receive the fund value immediately on registration of death claim under unit-linked policies.

The Economic Times has awarded the company with "ET Promising Brands of 2015.” This award distinguishes the company as a trusted brand and shows signs of its commitment on customer centricity. Other than that, the company won several prestigious awards including "Best Training Initiative for Insurance Sector", “Life Insurance Company of the Year 2013" and "Best Sales Development Programme" across industries in Asia.

Canara HSBC Life Insurance

iSelect Smart360 Term Plan offers comprehensive protection to you and your family in case of an unforeseen event. The various life insurance plans offered by the insurer promise optimum financial safety in case of your sudden demise. This way, the plans can protect the future of your child and provide a nest egg to secure your golden days. Enlisted below are various plans offered by the insurer:

Canara HSBC Life Insurance Term Plan

Following are the iSelect Smart360 Term Plan that provides protection to your family from financial uncertainties and helps in securing their future in case of your absence.

1. iSelect Star Term Plan

   iSelect Term Plan is available online and offers optimum protection such as Life Cover, Terminal Illness Cover, and coverage against death/disability. In case of an unfortunate event, it also ensures that your family gets an income regularly. As per the existing income tax laws, you can earn tax benefits for the premium paid towards the plan.

2. iNVESTSHIELD Plan

   This unit-linked investment-cum-insurance plan is an ideal way to create wealth to fulfill your future goals such a buying an asset or ensuring a bright future for your kids. This plan also offers a death benefit to the beneficiary in case of the demise of the insured. Maturity benefit is offered. You can take the fund value in installments as well. Loyalty additions are paid in the form of extra allocation of units to the unit-linked fund. Moreover, partial withdrawals are allowed from the 6th policy year.

Canara HSBC Life Insurance ULIP Plans:

These are unit-linked insurance plans help you save for your specific dreams. With these plans you have the flexibility to pay premiums for a shorter duration, choose your life cover and your money is invested in unit-linked funds of your choice to take care of your long term financial goals

1. Jeevan Nivesh Plan

   This saving-cum-protection plan gives lifelong protection to you and your family. It offers guaranteed savings via guaranteed payout of Sum Assured when the policy matures. Under the option Endowment with Whole Life Cover, it offers death benefit, flexibility to convert the guaranteed sum assured into an annual income for the next 15years with 5% compounded interest.

2. Money Back Advantage Plan

   Money Back Advantage Plan protects the financial future of your family by offering death coverage and milestone-based payouts via the guaranteed money back option. In case you survive till the end of the plan, it offers maturity benefits as well. Payout under the death benefit option is paid up to 16 years in case of an unforeseen event. When the policy matures, you will receive a guaranteed lump sum or 55% of the sum assured along with the accumulated bonus. For a high sum assured, you can enjoy a rebate on premiums.

3. Smart Junior Plan

   This plan helps you ensure a bright future for your child. With rising inflation, substantial financial planning is required so that their dreams come true even in your absence. This plan offers life coverage and the amount can be used for meeting the educational expenses of the child. Also, the multiple policy terms enable you to choose the policy term at your convenience. With a high sum assured, you can enjoy a rebate on premium.

4. POS - Easy Bima Plan

   An affordable traditional insurance plan that comes with double life coverage benefit. When the policy matures, the paid premium is returned. It also offers flexible premium payment options which enables you to select an option as per your needs. Moreover, under Section 80C and 10(10D), you can avail tax benefits as per the prevailing tax laws.

5. Smart Suraksha Plan

   This plan secures you and your family’s financial future by providing life coverage and accidental death /disability benefit. This plan comes at an affordable rate and offers a rebate on the premium for women. However, no maturity benefits are paid as it is a term insurance.

6. Smart Future Income Plan

   Grow your earnings 100 times the monthly income with this plan. This plan offers guaranteed monthly income for 15 years, lump sum amount as a bonus, life coverage for 25 years, can avail loan against this plan etc. as a maturity benefit, you can earn an added annual bonus, depending on the insurer. An annual bonus also can be availed under this policy.

7. Smart Monthly Income Plan

   This Canara HSBC life insurance plan comes with a guaranteed monthly income for the last 15 years of the policy, annual bonus, tax benefit, a rebate of premium in case the sum assured is equal to or more than Rs. 3,00,000,. On maturity, an added annual bonus, along with the final bonus¸ is offered.

8. Samridh Bhavishya

   This plan offers a guaranteed income for a lifetime. This annual payout is credited directly to your bank account. You can choose a policy term of 5/10/15/20 years. The joint and life survivor annuity option offers 100% annuity benefit to the second annuitant in case of the sudden demise of the first annuitant. It also offers a high purchase price benefit via an increase in the annuity rates. Also, you can avail of tax benefits for the premium paid.

9. Smart Immediate Income Plan

   If you’re planning your retirement, you can go with this plan. It offers a lifetime annuity benefit with a 100% return of premium in case of death of the insured. The joint-life and last survivor benefits offer 100% annuity to the second annuitant if the first annuitant dies. It also offers flexible annuity installment options, such as monthly, quarterly, half-yearly, and annually.

Canara HSBC Life Insurance Child Plans:

Canara HSBC plan provides you a long-term investment opportunity to build a bright future for your child and a comprehensive child insurance cover to protect in case of an eventuality.

1. Future Smart Plan

   This plan gives a long-term opportunity to secure the future of your child. It comes with a comprehensive cover so that the future of your child remains unaffected in case of an unforeseen event. Partial withdrawal up to Rs. 10,000 is allowed in case of an emergency. You can switch to a low-risk liquid fund as well. The Auto Fund Rebalancing under this plan enables you to maintain your investments as per your preference.

Canara HSBC Life Insurance Investment & Traditional Plans:

These are low-risk investment plans with guaranteed benefits.

1. Titanium Plus Plan

   It is a unit-linked protection plan that offers unmatched flexibility and full control over your investment. It offers flexible premium payment modes with death coverage for the chosen policy tenure. The multiple portfolio management options help you optimize the returns so earned. It also offers loyalty additions and a wealth booster facility by offering additional units. There is a flexibility of switching between the offered fund options as per your requirements. The partial withdrawal option helps you get around sudden contingencies that require additional finances.

2. Smart Future Plan

   This unit-linked plan offers long-term investment options to fulfil your various family needs like buying an asset or to secure the future of your child. It offers long-term capital appreciation, switching of the fund to one fund to another up to a limit of Rs. 10,000. Partial withdrawal is possible in case of an emergency from the 6th policy year. Safety switch option allows you to avoid market movement and safeguard your funds.

3. Smart Goals Plan

   This unit-linked insurance plan helps in planning your financial requirements by offering long-term capital appreciation, life coverage, partial withdrawal benefit, etc. You can choose from various premium payment terms as per your preference. Moreover, you can increase or decrease your sum assured as per the changes in your lifestyle. When the policy is about to mature, you can choose a safety switch option to avoid any risk.

4. Smart Lifelong Plan

   This Canara HSBC life insurance plan comes with lifelong coverage up to the age of 99 years. The flexible premium payment term enables you to choose and pay the premium according to your abilities and requirements. Other benefits include an increase or decrease of the sum assured, partial withdrawal of the fund, switching, and redirection between the funds, etc. When the policy matures, the fund value will be paid to you.

5. Secure Bhavishya Plan

   The plan offers a guaranteed maturity benefit of 101% of the premium paid. Based on your retirement needs, you can opt for an unlimited top-up option as well. Also, you can choose the maximum maturity age and premium payment modes at your convenience. To boost the fund value, a loyalty addition bonus is offered every 5 years, from the 10th policy tenure.

6. Smart One Pay

   The comes with multiple benefits such as auto fund rebalancing, safety switch option, loyalty additions, partial withdrawal, fund switching, etc. This plan is a single premium plan and provides life coverage in return. You can enjoy unlimited switching facilities from one fund to another.

7. Insure Smart Plan

   With 6 available fund options under this plan, capital appreciation can be generated. You can avail of a discount on the premium if the premium is paid through ECS/standing instructions. Moreover, partial withdrawal is allowed up to a limit of Rs. 10,000. You can also switch some of your investments from one fund to another. From the 6th policy year, the sum assured can be increased or decreased depending on your insurance needs.

8. Shubh Labh Plan

   Through this unit-linked insurance plan, you can multiply your capital by investing in Small-Cap, Mid-Cap, and Large-Cap companies. This plan offers flexibility to pay the premium only once. You can switch some of your investments from one fund to another multiple times free of cost. Other benefits include partial withdrawal of funds, auto fund rebalancing, increasing or decreasing the sum assured, etc.

9. Grow Smart Plan

   This plan secures your retirement days. It offers insurance coverage for whole your life. The flexible premium paying term makes it easy to continue with. You can enjoy the flexibility of choosing your life cover as per your needs. You can withdraw a portion of your investment after 5 years if required. Moreover, you can actively manage your hard-earned money by switching from one fund to another.

   Compare all Canara HSBC life insurance plans from other life insurance companies in India to get the insurance plan that suits your financial requirements.

Distribution Network of Canara HSBC Life Insurance:

Canara HSBC Life has a strong distribution network of over 4100 branches all over India. The Company operates on a bancassurance model and has access to around 60 million customers and a network of 5300 bank branches.

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