Canara HSBC Investment Plans
With the Canara Easy Bachat plan, you can grow your savings with yearl ...Read More
A quick read on what this Canara HSBC Investment Plans term plan covers and why it might be a fit for you.
Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the protection level: Endowment option or Money-back option.
Endowment Option: In this variant, you'll get an assured life cover during the policy term and a lump sum on maturity.
Money-back Option: Under this option, you'll get assured life coverage during the policy term, a lump sum on maturity, and survival benefits during the premium payment term.
With the Canara Easy Bachat plan, you can grow your savings with yearly guaranteed additions added at the end of each policy year, only during the premium payment term. The plan offers the flexibility to choose a premium payment term for 5, 7, or 10 years (PPT) and enjoy life cover for 10, 15, or 20 years.
Key Features of Canara HSBC Life Insurance Easy Bachat Plan:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
In this variant, you'll get an assured life cover throughout the policy term and a lump sum guaranteed maturity benefit when your policy matures.
| Benefits | Details |
| Maturity Benefit | Under the Endowment option, if you survive till the maturity date, you shall receive a maturity benefit with the following additions:
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| Life Insurance Death Benefit | If the policyholder passes away during the policy term, the death benefit amount payable to your nominee will be as follows:
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Under this option, you'll get assured life coverage during the policy term, a lump sum on maturity, and survival benefits during the premium payment term.
| Benefits | Details |
| Survival Benefit | If you survive till the end of the premium payment term, the survival benefit amount payable to you will be as follows:
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| Maturity Benefit | If you outlive the policy term and the policy is in force, the maturity benefit amount payable to you will be as follows:
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| Life Insurance Death Benefit | Upon the policyholder's untimely demise before the maturity date, the death benefit amount payable to your nominee will be as follows:
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There are various benefits to buying the Canara HSBC Life Insurance Easy Bachat Policy. Let's understand them in detail:
Keep these documents handy when applying for Canara HSBC Easy Bachat.
Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Bank statement, last three months' salary slips (if salaried).
You can buy the Canara HSBC Easy Bachat Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
You can revive your lapsed policy within five years after the due date of the first unpaid premium.
Check out the revival Terms & Conditions:
With the Canara HSBC Easy Bachat plan, you can take out a loan after the policy obtains a surrender value. The minimum loan amount for a policy is Rs. 5,000, and the maximum loan amount will not exceed 80% of the acquired surrender value.
Here are the key features of the Canara HSBC Easy Bachat.
| What’s Good Here | What’s Missing |
| Choice of 2 Plan Options | Premium Offset |
| Guaranteed Yearly Additions | High Sum Assured Rebate |
| Survival Benefit | Auto cover continuance |
| Flexible Premium Payment Term | Additional Riders |
| Lower Premiums | Whole Life Cover |
Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers a choice of two plan variants, allowing you to customize your plan according to your goals and needs.
For more information related to this plan, you can visit PolicyX.com, or call us at 1800-420-0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
The 5 most-asked questions about Canara HSBC Easy Bachat, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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