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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories
Canara HSBC was launched on 16th June 2008 and it’s a joint venture between Canara Bank (51%) and HSBC (28%) and Oriental Bank of Commerce (23%). It offers a combined experience of over 300 years in the financial business territory of our country. The business strategy followed by them testifies their understanding of the market especially when it comes to looking for a bank partner or scaling up their bancassurance channels.
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹1 Crore
Invest ₹10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual FundsTop performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
|
---|---|---|---|---|---|---|
![]() Equity II Fund
Fund Size: 3,029 Cr
|
3,029 Cr |
32.9 0.07% |
11.04% |
11.22% |
11.37% Highest Returns |
Get Details |
![]() Growth Plus Fund
Fund Size: 516 Cr
|
516 Cr |
29.19 0.05% |
11% |
10.83% |
11.18% Highest Returns |
Get Details |
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
---|
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
|
---|---|---|---|---|---|---|
![]() Balanced Plus Fund
Fund Size: 2,090 Cr
|
2,090 Cr |
26.93 0.04% |
9.47% |
8.69% |
9.59% Highest Returns |
Get Details |
Fund Details |
Fund Size |
NAV |
5 Year |
7 Year |
10 Year |
|
---|---|---|---|---|---|---|
![]() Debt Fund
Fund Size: 446 Cr
|
446 Cr |
33.25 0.04% |
7.77% |
6.27% |
8.1% Highest Returns |
Get Details |
![]() Liquid Fund
Fund Size: 419 Cr
|
419 Cr |
24.76 -0.01% |
3.32% |
3.82% |
5.1% Highest Returns |
Get Details |
Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories
Unit Linked Insurance Plans (ULIPs) are insurance plans combined with the features of a mutual fund. The premiums paid by the policyholder are held in a corpus which is then invested in stocks and shares of different companies operating in the capital market. The total market value of the corpus invested divided by the number of securities purchased give the Net Asset Value (NAV) which is the price of one unit of the fund. The premium paid is invested at the prevailing NAV which changes every moment with the market trend. ULIPs promise good returns linked to the market and also insurance coverage. The basic features of ULIP are as follows:
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Canara HSBC Life Insurance Company offers a range of unit linked plans for its customers to reap the benefits of market linked returns and at the same time enjoy life insurance protection. Let us take a detailed look at the different types of plans offered by the company and their features and benefits:
A unit linked insurance plan which covers the individual for the entire life till 99 years of age. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
7 years |
65 years |
Maturity Age |
- |
99 years |
Policy Term |
99 – age at entry |
|
Premium amount |
Rs.25, 000 |
No limit |
Sum Assured |
For ages below 45 years – 0.5*(70-entry age)*annual premium For ages above 45 years – 7 times the annual premium |
No limit |
Premium Payment Term |
10 years |
99 – age at entry |
Premium Paying Frequency |
Yearly |
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Canara HSBC OBS invest 4G Plan
It is a ULIP plan that comes with savings and protection benefits. The unique features such as Loyalty Addition, Wealth Booster and Mortality Return on Maturity make the policy an ideal option to secure the feature of your family. The key features of the policy are as follows:
Eligibility Details
Entry Age |
Minimum: 18 years Maximum: 50 years |
Policy Term |
5 to 30 years (Life Option) 10 to 39 years (Life option with PFB) |
Sum Insured |
10 times annualised premium (for age below 45 years) 10 times the annualised premium (for age 45 and above) |
Premium Payment Modes |
Annually, half-yearly, quarterly, monthly |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
A ULIP Plans providing the dual benefit of insurance protection and market linked growth. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
8 years |
70 years |
Maturity Age |
- |
80 years |
Policy Term |
10 years |
|
Premium amount |
Rs.50, 000 |
No limit |
Sum Assured |
10 or 7 times the annual premium |
No limit |
Premium Payment Term |
5 years |
|
Premium Paying Frequency |
Yearly |
A unit linked plan where premium is paid once at the commencement of the plan. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
7 years |
70 years |
Policy Term |
5 years |
40 years |
Premium amount |
Rs.3 lakhs |
No limit |
Sum Assured |
110% or 125% of the single premium |
|
Premium Payment Term |
Single |
A unit linked plan where premium is paid once at the commencement of the plan. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
7 years |
70 years |
Policy Term |
5 years |
25 years |
Premium amount |
Rs.1 lakh |
No limit |
Sum Assured |
125% of the single premium |
10 times the single premium |
Premium Payment Term |
Single |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
A unit linked plan which comes in two variants. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
8 years |
64 years |
Maturity Age |
Option 1 – 18 years Option 2 – 23 years |
Option 1 – 74 years Option 2 – 79 years |
Policy Term |
Option 1 – 10 years Option 2 – 15, 20 or 25 years |
|
Premium amount |
Option 1 – Rs.50, 000 Option 2 – Rs.25, 000 |
No limit |
Sum Assured |
Option 1 – 10 or 7 times the annual premium Option 2 – higher of 10/7 times the annual premium or 0.5*term*annual premium |
35 times the annual premium |
Premium Payment Term |
Option 1 – 5 years Option 2 – 10 to 25 years |
|
Premium Paying Frequency |
Yearly or monthly |
A unit linked insurance plan which covers the individual for the entire life till 99 years of age. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
7 years |
65 years |
Maturity Age |
- |
99 years |
Policy Term |
99 – age at entry |
|
Premium amount |
Rs.25, 000 |
No limit |
Sum Assured |
For ages below 45 years – 0.5*(70-entry age)*annual premium For ages above 45 years – 7 to 10 times the annual premium |
No limit |
Premium Payment Term |
10 years |
99 – age at entry |
Premium Paying Frequency |
Yearly or monthly |
A unit liked plan providing the dual benefit of insurance protection and market linked growth. The features and benefits of the plan are as follows:
Eligibility Details
 |
Minimum |
Maximum |
Entry Age |
18 years |
61 years |
Maturity Age |
28 years |
70 years |
Policy Term |
10, 15, 20 or 25 years |
|
Premium amount |
Rs.25, 000 |
No limit |
Sum Assured |
10 or 7 times the annual premium or 0.5*term*annual premium |
No limit |
Premium Payment Term |
10 years |
20 years |
Premium Paying Frequency |
Yearly or monthly |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Online
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Intermediaries
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
 To know about other life insurance plans check at Canara HSBC OBC Life InsuranceÂ
For the online payment mode, the policyholder can pay via;
Step1: Enter your Client ID and Date of Birth to login into e-portal
Step2: Choose the policy for which you want to pay
Step3: Select the payment option – Debit/Credit Card or Net Banking to pay
Step 4: Upon successful payment completion print/save the premium deposit receipt
Alteranatively, you can pay via cash/cheque at any of the nearest branch.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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