iSelect Star Term Plan

Why Invest in iSelect Star Term Plan?

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited iSelect Star Term Plan is the shield against all uncertainties of life. A highly flexible term plan that can be aligned to your life stage and needs by offering different options for not only coverage, but also for premium payment and benefit payouts.

Features

  • Insurance cover at a price that will not pinch your pockets
  • Various options of coverage, premium payment and benefit payouts aligning the plan to your needs
  • Option to cover for a limited period or for your entire lifetime
  • Option to augment cover through additional inbuilt coverages like Accidental Death Benefit, Child Support Benefit, Accidental Total and Permanent Disability Benefit
  • Option of adding Spouse in same policy with a discount on the rates for the Spouse
  • Multiple premium payment options
  • Multiple options to receive benefits as lump-sum, monthly income or part lump-sum part monthly income
  • Increase your life cover with changing life stages and protection needs
  • Discount on premiums for higher Sums Assured and for female lives
  • Loyalty discount for the existing customers
  • Tax benefits#

Eligibility Criteria

Age

Parameters
Minimum
Maximum
Age at Entry

18 years

65 years

For PPT Upto Age 60 years (Under Plan Option Life)1 – 55 years

For PPT Upto Age 60 years (Under other Plan Options)1 – 50 years

For Single Premium Option – 45 years

For Non-Working Spouse – 50 years

Age at Maturity

28 years

80 years

For Whole Life Coverage1 under Plan Option Life – 99 years

For ADB / ATPD – 75 years

Benefits

Plan Option Life

Under this Plan Option, in case of death or on diagnosis of Terminal Illness, whichever happens earlier, the Sum Assured on Death is payable. Policy terminates upon payment of the benefit.

Both the Life Assured and the Spouse can be covered for the term of the contract, subject to terms and conditions of the policy.

Plan Option Life with Return of Premium

Under this Plan Option, on occurrence of death or on diagnosis of Terminal Illness, whichever happens earlier, during the Policy Term, Sum Assured on Death is payable. If you outlive the Policy Term, we will return the Total Premiums Paid by you at maturity. Policy terminates upon payment of these benefits.

Plan Option Life Plus

Under this Plan Option, we will pay Sum Assured on Death on occurrence of death or on diagnosis of Terminal Illness, whichever happens earlier. Policy terminates upon payment of the benefit.

In case of survival till maturity, the Total Premiums Paid will be refunded to you on the date of maturity. Further, policy will continue post maturity till you attain 99 years of age which is the Extended Cover Period.

During this period, Sum Assured will be paid on occurrence of death or on diagnosis of Terminal Illness, whichever happens earlier. On attaining age 99 years, the Sum Assured will be paid to you. Policy terminates upon payment of these benefits.

Disclaimer

UIN: 136N073V02

1This Option is not available if you have opted for Spouse coverage.

Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer.

The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer.

Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.

Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.

The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram - 122003, Haryana, India

The premium mentioned is for standard lives. Premium rates for tobacco users will vary. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode.

For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.

Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/1800-180-0003 (BSNL/MTNL)
SMS: 9779030003
Missed Call: 0124-6156600
Email: customerservice@canarahsbclife.in

#Tax benefits under the plan will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.

Medical charges will be deducted in case of non-issuance of the policy.

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd
IRDAI Registration no: 136

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©2021 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.

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