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Canara HSBC OBC Life Smart Suraksha Plan
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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.
Key Features of Canara HSBC OBC Life Smart Suraksha Plan
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 of Canara HSBC OBC Life Smart Suraksha Plan
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 Benefits: You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961
Eligibility Conditions and Other Restrictions in Canara HSBC OBC Life Smart Suraksha Plan
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