Bonus rates for Canara HSBC OBC Life Assured Nivesh Plan

The table below shows the Bonus rates declared for Canara HSBC OBC Life Assured Nivesh Plan from inception. You can use this to calculate the Canara HSBC OBC Life Assured Nivesh Plan Maturity Value. The vested simple reversionary bonus rates are percentage of Sum Assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:

Bonus Value = Sum Assured x Bonus Rate / 100 = 5,00,000 x Bonus Rate / 100

Simple Reversionary Bonus of Assured Nivesh Plan (15 year policy term) 

Year	Bonus Rate
2018-2019	2.7%
2017-2018	2.7%
2016-2017	2.7%
2015-2016	NA
2014-2015	NA
2013-2014	NA

Simple Reversionary Bonus of Assured Nivesh Plan (20 year policy term) 

Year	Bonus Rate
2018-2019	2.4%
2017-2018	2.4%
2016-2017	2.4%
2015-2016	NA
2014-2015	NA
2013-2014	NA

 

Maturity Value

So to get to the Maturity value of Canara HSBC OBC Life Assured Nivesh Plan, you have to add all of the following - Guaranteed Sum Assured + Accrued Bonuses + Terminal Bonus (if any).

Terminal Bonus

Terminal Bonus is declared by Canara HSBC OBC based on the surplus arising in our with profit funds.

Interim Bonus

An interim bonus for the part of the year in which Life Assured`s death occurs may also be payable.

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your Canara HSBC OBC Life Assured Nivesh Plan 

Please contact the Canara HSBC OBC Life's office for exact details of the bonus which has accrued in your plan.