Canara HSBC OBC Life Insurance Platinum Plus Plan

In case the policyholder dies during the policy term the nominee will receive the following benefit:

1. Before the age of 60 years, he will get higher of
   1. Sum Assured less partial withdrawals, if any, in the preceding two years, or
   2. Fund Value, or
   3. 105% of all Premiums paid
   4.  
2. At 60 years of age or above, he will get higher of

1. 1. Sum Assured less partial withdrawals, if any, after attaining 58 years of age, or
   2. Fund Value, or
   3. 105% of all Premiums paid

• Fund Value based on the current (at that particular time) NAVs at maturity. Once Fund Value is paid, risk cover will cease and the policy will terminate.
• You also have the option to take fund value on regular installments as per settlement option

There are 5 different investment management options to manage your wealth under this plan and they are:

i) Self Managed Option (SMO):
This option provides you the luxury of managing and controlling your investment in your own way. You can choose from 7 different unit linked funds listed below to get good returns on your investments.

• Emerging Leaders Equity Fund
• India Multi-Cap Equity Fund
• Equity II Fund
• Growth Plus Fund
• Balanced Plus Fund
• Debt Fund
• Liquid Fund

ii)  Systematic Transfer Option (STO): This is for the investors who wants to invest in equities but they worry about market risks.Through this Option, Their entire Premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis into any one of the Unit Linked Funds. Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund as chosen by them.

iii)  Return Protector Option (RPO): This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd Policy Year onwards ,your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.

iv)  Auto Funds Rebalancing (AFR): If you wish to maintain allocation of your investments in a specific proportion across different Unit Linked Funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various Unit Linked Funds to the allocation proportions chosen by you.

v) Safety Switch Option (SSO): As your Policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four Policy Years.

This plan offers loyalty additions by giving you extra units to your unit linked funds provided all your due premiums have been paid. This extra unit will start adding up to your fund from sixth policy year onwards till the end of policy term.

This plan also provides wealth boosters by allocating extra units to your unit linked funds at specific intervals provided all the due premiums have been paid till date.

You may be entitled for tax benefits under Section 80C and Section 10(10D), as per the Income Tax Act, 1961

In hard time of your family or cash crunch, you can withdraw partial amount from your policy without surrendering it completely. This facility is available from 6th policy year provided all the premiums have been paid.