Canara HSBC OBC Life Smart Suraksha Plan
Canara HSBC Oriental Bank of Commerce Life Insurance Smart Suraksha Plan is a pure protection plan that provides life insurance cover along with the option to cover against accidental death/ disability.
Death Benefit
Tax Benefits
Maturity Benefits
Compare this plan with other Term Plans
Key Features
Get Life Insurance Cover at a low cost.
Option to cover accidental death or/and total and permanent disability.
Reward for healthy lifestyle - lower premium rates for non-consumers of tobacco.
Rebate for higher sums assured.
Rebate for women.
Tax benefits on premium payments.
Benefits
Death Benefit
- Life Cover: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee.
- Accident Plus: In case of the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured.
- Disability Plus: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. In case the life insured suffers from accidental total and permanent disability, the sum assured under the policy will be paid to the life assured and the policy will terminate.
Maturity Benefits
This being a term plan, no benefits are payable on maturity.
Tax Benefit
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961
Eligibility
| Minimum | Maximum | |
| Entry Age | 18 years | 65 years |
| Maximum Maturity Age | 75 years | |
| Policy Term | 5,10,15,20,25,30 years or coverage up to Age 60 | |
| Premium Payment Term | Same as policy term | |
| Sum Assured | Rs. 20,00,000 | Maximum Sum Assured in Life Cover option - No Limit Maximum Sum Assured under Accident Plus: Rs. 3 Cr Maximum Sum Assured under Disability Plus: Rs. 1Cr |
| Premium Payment Mode | Annual & Monthly | |
