Canara HSBC Invest 4G Plan: Features, Benefits & Premium | PolicyX
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Canara HSBC Invest 4G

Canara HSBC Invest 4G Plan provides dual benefits to policyholders: li ...Read More

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About Canara HSBC Invest 4G

A quick read on what this Canara HSBC Investment Plans term plan covers and why it might be a fit for you.

Canara HSBC Invest 4G Plan provides dual benefits to policyholders: life coverage for financial protection for their family, and maturity benefits.

This investment plan offers multiple portfolio management options: systematic transfer, return protector, auto funds rebalancing, and safety switch options.

This plan offers a range of benefits including:

  • Death benefit
  • Maturity benefit
  • Loyalty additions
  • Wealth boosters
  • Return of mortality charges
  • Partial withdrawal charges

Eligibility Criteria for Canara HSBC Invest 4G

Entry age
Entry age
Min- 18, Max- 65
Maturity age
Maturity age
80 years
Policy tenure
Policy tenure
5 to 30 years
Premium payment term
Premium payment term
5 years, 6 years, 7 years, 8 years, 9 years, 10 years, 15 years, 20 years, 25 years, 30 years
Premium payment frequency
Premium payment frequency
First three months' premium in advance
Sum assured
Sum assured
Life insurer’s age < 45 years- Higher of 10 Times AP 0.5*T*Annualised Premium

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Death benefit
  • Maturity benefit
  • Loyalty additions

Cons

  • Suicidal death is not covered
  • Air accidents not covered

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age: 18 years
Maximum entry age: 50 years
Minimum sum assured: Life insurer's age < 45 years - Higher of 10 Times AP 0.5*T*Annualised Premium
Maximum policy term: 30 years

How Does Canara HSBC Invest 4G Plan Work?

Let's understand how the Canara HSBC Invest 4G Plan works with a simple illustration.

  1. Life Option

    If you choose the Life option of Canara HSBC Invest 4G Plan:

    Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Basic sum assured Maturity benefits @4% Maturity benefits @8%
    30 years Rs 50,000
    Rs 75,000
    Rs 1,00,000    		 15 years 15 years Rs 6,00,000 Rs 5,00,000
    Rs 7,50,000
    Rs 10,00,000    		 Rs 7,72,778
    Rs 13,96,027
    Rs 18,61,369    		 Rs 12,94,394
    Rs 19,41,561
    Rs 25,88,748

  2. Life Option with PFB

    If you choose the Life option with PFB of Canara HSBC Invest 4G Plan:

    Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Basic sum assured Maturity benefits @4% Maturity benefits @8%
    30 years Rs 50,000
    Rs 75,000
    Rs 1,00,000    		 15 years 15 years Rs 6,00,000 Rs 5,00,000
    Rs 7,50,000
    Rs10,00,000    		 Rs 9,07,350
    Rs 13,61,025
    Rs 18,14,700    		 Rs 12,64,765
    Rs 18,97,148
    Rs 25,29,531

Benefits of Canara HSBC Invest 4G

There are several benefits of the Canara HSBC Life Insurance Invest 4G Plan. Let's understand these benefits in detail:

  • Death benefits:
    In case of the policyholder's unfortunate demise, death benefits are paid to their nominee as per the life cover option chosen from the three available options.
  • Maturity benefits:
    If the policyholder survives their policy tenure, maturity benefits are paid as per the applicable plan option chosen (Life option, Care option, Century option). You can also receive the maturity benefits as a structured payout if you have chosen either the Life option or the Care option.
  • Loyalty additions:
    This plan offers loyalty additions to policyholders for staying invested for a long time. These benefits are paid after every 5th policy year and increase the overall maturity benefits.
  • Wealth boosters:
    Wealth boosters are provided to policyholders under this plan from the 10th policy year after every 5th policy year (e.g., 10th, 15th, 20th). These boosters also increase payable maturity benefits.
  • Return of mortality charges:
    This plan returns the mortality charges paid by policyholders for their life cover at the end of the maturity period. This charge is added to the fund value on the maturity date.
  • Partial withdrawal:
    This plan allows policyholders to make a partial withdrawal from the 6th policy year without paying any charges. The minimum amount for partial withdrawal is Rs 5,000.

Features of Canara HSBC Invest 4G

Key features that make Canara HSBC Invest 4G stand out.

Settlement option

You can choose your maturity benefit through the settlement option, as per the frequencies you choose over 5 years. You can also make withdrawals at once.

Switching

Switching allows policyholders to change their investment patterns during the policy tenure by moving funds from one account to another. The minimum switching amount is Rs 5,000.

Premium redirection

This option allows policyholders to modify the future allocation of premiums into ULIPs, in different patterns from the one chosen before. The premium redirection is free and allowed once a year.

Look-in period

The Invest 4G plan offers a look-in period of 15 days for policyholders to review the terms and conditions. They can cancel their policy if not satisfied.

Grace period

This plan offers policyholders a grace period of 30 days for quarterly, half-yearly, and yearly premium payments, and 15 days for monthly payments.

Surrender value

You can surrender your policy once it acquires a surrender value. The surrender value is paid to the policyholder after deducting surrender charges.

Documents Required for Canara HSBC Invest 4G

Keep these documents handy when applying for Canara HSBC Invest 4G.

Photo ID Proof

Photo ID Proof (any one): Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (any one): Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Address Proof (any one): Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (any one): Bank statement, last three months' salary slips (if you are salaried).

Exclusions of Canara HSBC Invest 4G Plan

  • If the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. In such cases, either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, is paid.

Conclusion

Canara HSBC Invest 4G plan offers dual benefits: life insurance that covers your family financially even in your absence, and maturity benefits to grow your wealth. You also get loyalty additions and wealth boosters that increase your maturity benefits. This plan has minimal charges including Fund management charges, Surrender/Discontinuance charges, Mortality charges (returned on maturity), and Premium funding benefit charges. If you are still confused about whether this plan is right for you, contact us at PolicyX.com. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best suits your needs.

Life Insurance Articles

Canara HSBC Invest 4G Plan: FAQs

The 5 most-asked questions about Canara HSBC Invest 4G, answered.

Invest 4G is an investment cum life insurance plan by Canara HSBC that offers dual benefits of life insurance and maturity benefits.
You can buy Canara HSBC Invest 4G policy either from their official website or by visiting one of their nearest branch offices.
There are three plan options available with the HSBC Invest 4G Plan including a Life option, a Life option with PFB, and a Whole life option.
The loyalty additions are paid to the Invest 4G policyholder after every 5th policy year during the tenure.
Switching refers to the process of changing fund allocation proportion in your Canara HSBC Invest 4G plan.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Himanshu Kumar — Term & Life Insurance Reviewed by Anchita Bhattacharyya — Health, Term & Life Insurance
Last updated: 5 Feb 2025 · Originally published: 5 Feb 2025

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