The sum which the insurer promises to pay in the case of the unfortunate event is the sum assured or the benefit quantum.
The Company is a Common Adventure between Canara Bank (Canarahsbclife), HSBC Insurance (Asia Pacific) Holding Ltd and Oriental Bank of Commerce (OBC). In this adventure, Canara Bank owns 51 equity while HSBC Insurance Canarahsbclife and OBC enjoy 26 and 23 equity singly. Launched on 16 June 2008, the Company has exclusive access to around 60 million guests and apan-India network of around 7000 branches of the three shareholder banks.
Canarahsbclife Also, the company has 28 centers across the country to give necessary training and guiding support to the bank staff. Canara HSBC Oriental Bank of Commerce Life Insurance (Canarahsbclife) is first to launch'Immediate Payouts on Death Claim'under which the departed's family will admit the fund value directly on registration of death claim under unit- linked programs.
Canarahsbclife The Economic Times has awarded the company with"ET Promising Brands of 2015.” This award distinguishes the company as a trusted brand and shows signs of its commitment on customer centricity. Other than that, the company won several prestigious awards including"Stylish Training Initiative for Insurance Sector", “ Life Insurance Company of the Year 2013"and" Swish Deals Development Programme"across industriousness in Asia.
Canara HSBC OBC Life Insurance Plans (Canarahsbclife)
Canara HSBC OBC Life Insurance offers comprehensive protection to you and your family in case of an unlooked-for event. The various plans offered by the insurer pledge optimum financial safety in case of your unlooked-for demise. This way, the plans can cover the future of your child and give a nest egg to secure your golden days. Enlisted below are various plans offered by the insurer
Canara HSBC OBC Life Insurance-Rearmost News (Canarahsbclife)
Canara HSBC OBC Life Insurance Company is supporting the Earth Hour-Cyclothon in alliance with WWF India
(Canarahsbclife)
Canara HSBC OBC Life Insurance has continued its association to organize the Earth Hour – Cyclothon with WWF-India for 8 consecutive times. The event will be held on 19th of March, 2016.
The event organized by the company includes a Cyclothon with a distance of 21 kms and a walkathon with a distance of 7 kms. Both the exertion of the event will simultaneously take place. The event is anticipated to start at 700 am in the morning.
The venue for the event is WWF-India, 172-B, Lodhi Estate, New Delhi and the Flag off time is 700 am on the 19th of March, 2016, Saturday.
Canara HSBC OBC Life Insurance Company Asset Shrinks Canarahsbclife
Canara HSBC OBC Life Insurance check shows that Indians prefer traditional life insurance over ULIPs Canarahsbclife
Canara HSBC OBC Life Insurance check shows that Indians prefer traditional life insurance over ULIPs Canarahsbclife
Canara HSBC OBC Life targeting 35 Growth in New Business in the Current Financial Canarahsbclife
Canara HSBC OBC Life Insurance Term Plans Canarahsbclife
The cheapest yet most vital of life insurance is a product that protects your family from financial misgivings and helps you secure their future, once you are gone.
Plan Name Entry Age Maturity Age Policy Term Sum Assured
iSelect Star Term Plan 18-65 times 28-80 times 5-62 times ( subject to the plan option chosen)Rs. & above
. iNVESTSHIELD Plan 18-50 times 28-65 times 10-15 times ( subject to ultraexpensive payment term) Single 10- times the single decoration
Regular/ Limited 10 times of Annualized Premium
1. iSelect Star Term Plan Canarahsbclife
iSelect Term Plan is available online and offers optimum protection analogous as Life Cover, Terminal Illness Cover, and content against death/ disability. In case of an unfortunate event, it also ensures that your family gets an income regularly. As per the living income duty laws, you can earn duty benefits for the decoration paid towards the plan.
2. iNVESTSHIELD Plan Canarahsbclife
This unit- linked investment-cum-insurance plan is an ideal way to produce wealth to fulfill your future pretensions such a buying an asset or icing a bright future for your youths. This plan also offers a death benefit to the heir in case of the demise of the assured. Maturity benefit is offered. You can take the fund value in installations as well. Fidelity additions are paid in the form of spare allocation of units to the unit- linked fund. Also, partial recessions are allowed from the 6th policy time.
Canara HSBC OBC Life Insurance ULIP Plans Canarahsbclife
These are unit- linked insurance plans help you save for your specific dreams. With these plans you have the strictness to pay decorations for a shorter duration, choose your life cover and your capitalist is invested in unit- linked finances of your choice to take care of your long term financial pretensions
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1. Jeevan Nivesh Plan Canarahsbclife
This saving-cum- protection plan gives lifelong protection to you and your family. It offers guaranteed savings via guaranteed payout of Sum Assured when the policy matures. Under the option Endowment with Whole Life Cover, it offers death benefit, strictness to convert the guaranteed sum assured into an periodic income for the coming 15 times with 5 compounded interest.
2. Plutocrat Back Advantage Plan Canarahsbclife
Capitalist Back Advantage Plan protects the financial future of your family by offering death content and corner- predicated payouts via the guaranteed capitalist reverse option. In case you survive till the end of the plan, it offers maturity benefits as well. Payout under the death benefit option is paid up to 16 times in case of an unlooked-for event. When the policy matures, you will admit a guaranteed lump sum or 55 of the sum assured along with the accumulated perquisite. For a high sum assured, you can enjoy a rebate on decorations.
3. Smart Junior Plan Canarahsbclife
This plan helps you ensure a bright future for your child. With rising inflation, substantial financial planning is demanded so that their dreams come true indeed in your absence. This plan offers life content and the amount can be used for meeting the educational charges of the child. Also, the multiple policy terms enable you to choose the policy term at your convenience. With a high sum assured, you can enjoy a rebate on decoration.
4. POS-Easy Bima Plan Canarahsbclife
An affordable traditional insurance plan that comes with double life content benefit. When the policy matures, the paid decoration is returned. It also offers flexible decoration payment options which enables you to handpick an option as per your conditions. Also, under Section 80C and 10 (10D), you can avail duty benefits as per the prevailing duty laws.
5. Smart Suraksha Plan Canarahsbclife
This plan secures you and your family’s financial future by furnishing life content and accidental death/ disability benefit. This plan comes at an affordable rate and offers a rebate on the decoration for women. Still, no maturity benefits are paid as it's a term insurance.
6. Smart Future Income Plan Canarahsbclife
Grow your earnings 100 times the monthly income with this plan. This plan offers guaranteed monthly income for 15 times, lump sum amount as a perquisite, life content for 25 times, can avail loan against this planetc. as a maturity benefit, you can earn an added periodic perquisite, depending on the insurer. An periodic perquisite also can be served under this policy.
7. Smart Monthly Income Plan Canarahsbclife
This Canara HSBC OBC life insurance plan comes with a guaranteed monthly income for the last 15 times of the policy, periodic perquisite, duty benefit, a rebate of decoration in case the sum assured is equal to or furtherthanRs.,. On maturity, an added periodic perquisite, along with the final perquisite ¸ is offered.
8. Samridh Bhavishya Canarahsbclife
This plan offers a guaranteed income for a continuance. This periodic payout is credited directly to your bank account. You can choose a policy term of5/10/15/ 20 times. The joint and life survivor annuity option offers 100 annuity benefit to the alternate annuitant in case of the unlooked-for demise of the first annuitant. It also offers a high purchase price benefit via an increase in the annuity rates. Also, you can avail of duty benefits for the decoration paid.
9. Smart Immediate Income Plan Canarahsbclife
Still, you can go with this plan, If you ’re planning your pullout. It offers a continuance annuity benefit with a 100 return of decoration in case of death of the assured. The common- life and last survivor benefits offer 100 annuity to the alternate annuitant if the first annuitant dies. It also offers flexible annuity installment options, analogous as monthly, daily, partial-yearly, and annually.
Canara HSBC OBC Life Insurance Child PlansCanarahsbclife
Canara HSBC plan provides you a long- term investment occasion to make a bright future for your child and a comprehensive child insurance cover to cover in case of an eventuality.
1. Future Smart Plan Canarahsbclife
This plan gives a long- term occasion to secure the future of your child. It comes with a comprehensive cover so that the future of your child remains innocent in case of an unlooked-for event. Partial retirement up bluffs. is allowed in case of an emergency. You can switch to a low- trouble liquid fund as well. The Auto Fund Rebalancing under this plan enables you to maintain your investments as per your preference.
Canara HSBC OBC Investment & Traditional Plans Canarahsbclife
Canara HSBC OBC Investment & Traditional Plans are low- threat investment plans with guaranteed benefits.
Titanium Plus Plan Canarahsbclife
It's a unit- linked protection plan that offers unmatched strictness and full control over your investment. It offers flexible decoration payment modes with death content for the chosen policy term. The multiple portfolio operation options help you optimize the returns so earned. It also offers dedication additions and a wealth supporter installation by offering fresh units. There is a strictness of switching between the offered fund options as per your conditions. The partial retirement option helps you get around unlooked-for contingencies that bear fresh finances.
Smart Future Plan Canarahsbclife
This unit- linked plan offers long- term investment options to fulfil your various family needs like buying an asset or to secure the future of your child. It offers long- term capital appreciation, switching of the fund to one fund to another over to a limit ofRs. Partial retirement is possible in case of an emergency from the 6th policy time. Safety switch option allows you to avoid request movement and guard your finances.
Smart Goals Plan Canarahsbclife
This unit- linked insurance plan helps in planning your financial conditions by offering long- term capital appreciation, life content, partial retirement benefit, etc. You can choose from various ultraexpensive payment terms as per your preference. Also, you can increase or drop your sum assured as per the changes in your life. When the policy is about to develop, you can choose a safety switch option to avoid any trouble.
Smart Lifelong Plan Canarahsbclife
This Canara HSBC OBC life insurance plan comes with lifelong content up to the age of 99 times. The flexible decoration payment term enables you to choose and pay the decoration according to your capacities and conditions. Other benefits include an increase or drop of the sum assured, partial retirement of the fund, switching, and redirection between the finances, etc. When the policy matures, the fund value will be paid to you.
Secure Bhavishya Plan Canarahsbclife
The plan offers a guaranteed maturity benefit of 101 of the decoration paid. Predicated on your pullout conditions, you can conclude for an unlimited top-up option as well. Also, you can choose the maximum maturity age and decoration payment modes at your convenience. To boost the fund value, a dedication addition perquisite is offered every 5 times, from the 10th policy term.
Smart One Pay Canarahsbclife
The comes with multiple benefits analogous as machine fund rebalancing, safety switch option, dedication additions, partial retirement, fund switching, etc. This plan is a single decoration plan and provides life content in return. You can enjoy unlimited switching installations from one fund to another.