Canara HSBC Life Insurance Wealth Edge Plan

Eligibility Criteria for the Canara HSBC Life Insurance Wealth Edge Plan

Features of the Canara HSBC Life Insurance Wealth Edge Plan

Canara HSBC Wealth Edge Plan offers three plan options: Invest Plus, Premium Plus, and Life Plus. Here are the key features of this plan:

• 11 Unit-Linked Funds: You can choose from 11 diverse funds across equity, balanced, debt, and liquid categories.
• Five Portfolio Management Strategies: Systematic Transfer Option, Return Protector Option, Auto Fund Rebalancing, Safety Switch Option, Life Stage Portfolio Strategy, let you manage risk and market volatility.
• Return of Mortality Charges: Mortality charges deducted during the policy term are added back at maturity.
• Systematic Withdrawal & Milestone Withdrawal: The Systematic Withdrawal Option and the Milestone Withdrawal Option allow structured access to accumulated fund value, subject to conditions.
• Life Cover + Wealth Creation: Financial protection throughout the policy term, with fund-based growth potential.

The Canara HSBC Life ULIP plans are designed to give you flexibility in how you invest and how long you stay invested.

Benefits of the Canara HSBC Life Insurance Wealth Edge Plan

This ULIP plan provides portfolio management strategies to help you manage market volatility while aiming for long-term wealth creation. Here are the other perks you need to know about before you invest:

1. Benefit of Maturity

   When the fund matures, you get the fund value based on the current NAV. It lets you keep your money until you're 100 years old, which can help you develop a long-term legacy corpus.

   At maturity, the value of your fund will be higher, since the mortality charges deducted throughout the insurance period are returned.

2. Death Benefit

   The plan option will determine the death benefit:

   • Invest Plus and Life Plus: The higher of the Sum Assured (after withdrawals) and 105% of the total premiums paid.
   • Premium Plus: Under the Premium Plus option, the insurer may waive future premiums, and the policy continues until maturity, subject to the policy terms.

   This ensures your family will still have money even if you're not there.

Latest ULIP NAVs

• Canara HSBC Life ULIP Funds
• Bandhan Life ULIP Funds
• Aviva Life ULIP Funds
• Bajaj Life ULIP Funds
• Bharti AXA Life ULIP Funds
• Aditya Birla Sun Life ULIP Funds
• Edelweiss Tokio Life ULIP Funds
• Future Generali India Life ULIP Funds
• HDFC Life ULIP Funds
• ICICI Prudential Life ULIP Funds
• Exide Life ULIP Funds
• Kotak Life ULIP Funds
• Axis Max Life ULIP Funds
• PNB MetLife ULIP Funds
• Reliance Nippon Life ULIP Funds
• SBI Life ULIP Funds
• Pramerica Life ULIP Funds
• IndiaFirst Life ULIP Funds
• Ageas Federal Life ULIP Funds
• Star Union Dai-ichi Life ULIP Funds
• Tata AIA Life ULIP Funds

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Canara HSBC Life Debt Fund	₹38.63	₹532 Cr	5.17%	6.95%	View More
Canara HSBC Life Liquid Fund	₹28.85	₹638 Cr	5.23%	4.61%	View More
Canara HSBC Life Equity II Fund	₹40.3	₹3138 Cr	8.81%	9.84%	View More
Canara HSBC Life Growth Plus Fund	₹36.34	₹441 Cr	9.03%	10.07%	View More
Canara HSBC Life Balanced Plus Fund	₹32.16	₹1558 Cr	7.08%	8.29%	View More
Canara HSBC Life India Multi-Cap Equity Fund	₹29.31	₹4919 Cr	10.93%	-	View More
Canara HSBC Life Emerging Leaders Equity Fund	₹34.04	₹2274 Cr	19.65%	-	View More
Canara HSBC Life Large Cap Advantage Fund	₹19.91	₹1169 Cr	8.69%	-	View More
Canara HSBC Life Midcap Momentum Growth Index Fund	₹10.7	₹123 Cr	-	-	View More
Canara HSBC Life India Manufacturing Fund	₹11.04	₹967 Cr	-	-	View More
Canara HSBC Life Multicap Momentum Quality Index Fund	₹11.23	₹71 Cr	-	-	View More
Canara HSBC Life Nifty Alpha 50 Index Fund	₹11.01	₹42 Cr	-	-	View More
Canara HSBC Life Pension Nifty Alpha 50 Index Fund	₹10.45	₹6 Cr	-	-	View More

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Riders for the Canara HSBC Life Insurance Wealth Edge Plan

Riders can be added if the person meets the underwriting requirements and follows the underwriting rules. Riders must be in line with the rest of the policy's term and premium payment period. There will be no overlap between the benefits of the rider and the benefits of the base plan.

Policy Details of the Canara HSBC Life Insurance Wealth Edge Plan

Here are the details of one of the best investment plans by Canara HSBC:

1. Grace Period

   • 30 days for the yearly, half-yearly, and quarterly modes.
   • The Monthly mode lasts for 15 days.

   During this time, life insurance is still in effect.

2. Revival

   The policy can be revived after the first unpaid premium, but you need to get underwriting approval and pay the premiums that are due.

3. Free Look Period

   You have 30 days from the date you receive the insurance copy to review the terms. If you don't agree, you can cancel and get a refund according to the policy.

4. Surrender

   The plan has a 5-year lock-in period.

   • During lock-in: Fund Value (after charges) moves to Discontinued Policy Fund and is payable after lock-in completion.
   • After lock-in: Fund Value is payable on surrender.

5. Fund Switching

   Unlimited switches are allowed in a policy year free of charge. Minimum switch amount is Rs. 10,000.

6. Loan

   There is no loan facility under this plan.

Exclusions Under the Canara HSBC Life Insurance Wealth Edge Plan

1. Suicide Exclusion

   If death occurs due to suicide within 12 months from commencement or revival, the nominee will receive the Fund Value available on the date of death intimation. The policy gets terminated after that.

2. Total Permanent Disability (TBD)

   Benefits in case of Total Permanent Disability (TBD) will be payable as per rider terms and conditions, subject to underwriting and policy provisions.