Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • Life Cover

    10 times of Annual Premium
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Canara HSBC OBC Invest 4G Plan 

Canara Invest 4G is a Unit-linked non-participating life insurance policy that helps you forget your financial woes. The policy comes with a dual benefit of protection and savings which provides life insurance protection as well as the opportunity to save for fulfilling your life goals. The loyalty addition, wealth booster and mortality return on maturity are some of the unique features that make the policy an ideal choice. Let’s have a detailed look at it:

Key Features of Canara HSBC OBC Invest 4G Plan

Canara HSBC OBC Invest 4G plan is a ULIP plan that comes with savings and protection benefit. By choosing this plan, you can create wealth for the future to fulfil your long-term life goals. The key features of this policy include:

  • The plan offers 7 different funds and 4 portfolio strategies to invest your money
  • There are Loyalty Additions and Wealth Boosters as an additional benefit to increase your savings
  • Return of mortality benefit on the maturity of the plan
  • It offers the flexibility of redirecting and switching the fund options to take advantage of market movement or reduce the risk
  • Partial withdrawals are available to help you meet the unexpected expenses arising out of an unforeseen event or the meet the changing needs of the family
  • You have an option to receive the benefit on maturity through Settlement Option (SO) in instalments
  • You can switch your investment from one investment fund to another any time
  • Premium redirection is available through which you can change the allocation proportion of future premiums into one or more ULIP funds.

Benefits Offered under Invest 4G Plan

The policy offered its benefits under three plans to choose from:

Benefit Option

Protection against


Death/Accidental Demise

Future Premium Funding option after Death

Life Option



Life Option with PFB



Whole of Life Option




The sum assured can avail the following benefits by choosing any of the above plan options:

Death Benefits

Life option & Whole of Life Option

In case of the unfortunate demise of the policyholder, the family receives the policy benefits which is higher of:

  • Sum assured
  • Fund value or
  • 105% of all the paid premiums

Life option with Premium Funding Benefit

The policy keeps the insured stress-free and helps in keeping the financial future of the family, in his absence. In case of an unfortunate event, the needs of the family will be taken care of, by paying up to a lump sum amount immediately

Sum Assured or,

105% of total paid premiums till death


The insurer will fund all the future premiums as and when due. The fund value will be paid on the maturity

 All future Premiums are funded by the Company as and when due, and Fund Value is paid on maturity

Maturity Benefits

 The fund value can be received at the time of maturity as per the prevailing NAVs. You can also take the fund value on maturity in periodic instalments depending on the settlement option.

Return of Mortality Charge

Under this benefit, an amount equal to the mortality charges that are deducted during the policy tenure will be offered and added to the fund value on maturity. The only condition is that all due premiums are paid till the maturity. This feature is available only benefit option 1 that is Life Option, and not available to the remaining two Benefit Options.

Loyalty Additions

On every 5th year, you’re eligible to avail fund value related o Loyalty Additions. So, if we consider the policy tenure, the Loyalty Addition to be earned at 5th policy year, 10th policy year, 15th policy year etc., provided all the premiums are paid till the time. The average Loyalty Addition to be paid is 0.5% of the average Fund Value of the previous 60 monthly policy anniversaries. The LA will be added in the equal portion as the value of total units in the ULIP fund.

Wealth Boosters

Apart from the Loyalty Addition, Invest 4G Policy also offers Wealth Boosters. These are based on premium payment term, provided all due premiums are received till date. This benefit is paid as a percentage of the average fund value of last 60 monthly policy anniversaries. WB will be added as the same value of total unit held in the ULIP fund at the time of additions.

Partial Withdrawal

To meet the unfortunate liquidity crunch, you can withdraw the policy partially, without entirely surrendering your policy. Partial withdrawal is allowed from 6th policy year onwards, where a maximum of Rs. 5,000 can be withdrawn. This benefit is not allowed during the Settlement Period.

Additional Benefits

Settlement Option is an additional benefit, apart from the above where you can choose to receive the maturity benefit through Settlement Option in instalments. It can be availed as per the frequency chosen by you, over a maximum period of 5 years. However, no life cover is offered during this period. You may opt for complete fund value at any time of the policy tenure.

Tax Benefits

The annual premiums paid towards the policy are entitled to tax benefit as per the Section 80C of Income Tax Act, 1961. The benefits can be earned as per the prevailing tax laws.

Canara HSBC OBC Invest 4G Plan 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)


Canara HSBC OBC Invest 4G Plan Premium Payment Details

The policy comes with below premium amount and payment modes:

  • Annual: Rs. 50,000 annually with the upper limit
  • Half Yearly: Rs. 30,000 semi-annually with no upper limit
  • Quarterly: Rs. 15,000 per quarter with no upper limit
  • Monthly: Rs. 5,000 per month with no upper limit

7 Fund Options and Portfolio Management Options Available

This plan gives you the option to choose from 7 different funds to invest and 4 portfolio management options to build wealth. Here you go:

Fund Options

Portfolio Management Option



Equity Fund

Systematic Transfer Option (STO)

India Multi-

Cap Equity Fund

Return Protector Option (RPO)

Equity II Fund

Auto Funds Rebalancing (AFR)

Growth Plus Fund

Safety Switch Option (SSO)

Balanced Plus Fund

Debt Fund

Liquid Fund

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