Canara HSBC OBC Life Jeevan Nivesh Plan

Lifelong protection up till the age of 100

Guaranteed maturity benefit equal to 100% sum assured

Option to receive maturity sum assured as annual payouts for 15 years with 5% increase every year.

Choice of flexible policy terms and premium payment terms

Better value for higher premiums - High-sum assured rebate to ensure that you get extra benefits for making a higher premium commitment.

Tax benefits on premium paid and benefit received under Section 80C and Section 10(10D), as per the Income Tax Act, 1961

Sum Assured on Death is the amount which is higher of :-

• 10 times the Annualised Premium
•  Guaranteed Sum Assured on Maturity
•  Absolute amount assured to be paid on death

Absolute amount assured to be paid on death is equal to Sum Assured

Guaranteed Sum Assured on Maturity is equal to Sum Assured

Paid-up Sum Assured on Death is defined as Sum Assured on Death multiplied by {Number of Premiums paid divided by Total number of Premiums payable during the Policy Term}

Paid-up Sum Assured on Maturity is defined as Guaranteed Sum Assured on Maturity multiplied by {Number of Premiums paid divided by Total number of Premiums payable during the Policy Term}

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961