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
For Whole Life Coverage1 under Plan Option Life – 99 years
For ADB / ATPD – 75 years
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.
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.
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.
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.
#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!
Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd
IRDAI Registration no: 136
©2021 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.