Bonus rates for Canara HSBC OBC Life Smart Junior PlanThe table below shows the Bonus rates declared for Canara HSBC OBC Life Smart Junior Plan from inception. You can use this to calculate the Canara HSBC OBC Life Smart Junior 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
So to get to the Maturity value of Canara HSBC OBC Life Smart Junior Plan, you have to add all of the following - 20% of Sum Assured + Accrued Bonuses + Final Bonus (if any).
Final bonus is one time bonus which is payable at maturity. It is calculated as the percentage of sum assured.
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 Smart Junior Plan
Please contact the Canara HSBC OBC Life's office for exact details of the bonus which has accrued in your plan.
You can read know more about the plan and it’s working here - Canara HSBC OBC Life Smart Junior Plan Review.