Canara HSBC is one of the topmost life insurance companies. It is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance Holdings Limited. The company has served more than 115 million customers and around 10000 branches in all over India. Canara HSBC Life Insurance launched in 2008.
The company has received many awards and accolades during its journey which reflects the company's strength. It caters to different life insurance needs starting from protection to retirement plans. The company has a team of experts to come out with innovative solutions.
|Business Line||Life Insurance|
Canara HSBC Life Insurance Company is offering a wide range of pension plans that you can buy online easily. Such pleas are designed in a way to cater to the different needs of customers. Below is the list of Canara HSBC Pension Plans.
Smart Future Income Plan is a pension plan by Canara HSBC that helps you in planning for the golden years of your life. The plan offers guaranteed monthly income to meet your lifestyle and retirement needs. The plan comes out with several additional bonuses.
|Entry Age||18 years-55 Years|
|Maturity Age||43 years to 80 years|
|Policy Term||15 years|
|Sum Assured||100 times the chosen Monthly Income|
|Premium Payment Term||10 Years|
Smart Monthly Income Plan is again a Canara HSBC Pension plan which is designed to provide the much needed assistance during your retirement days. It is a non-linked participating insurance plan that comes out with a life cover for 25 years. The plan will assist you in securing your golden years financially
|Entry Age||18-55 years|
|Policy Term||25 years|
|Premium Payment Term||15 years|
|Sum assured||100 times the chosen Monthly Income|
|Maturity Age||43-80 years|
Canara HSBC Samridh Bhavishya plan make sure that you receive a regular guaranteed income stream post-retirement. It offers lifetime annuity installments and ensures that you are enjoying your post-retirement days as you want it to be.
|Entry Age||30 Years- No Limit|
|Purchase Price||Minimum 200000|
Smart Immediate Income Plan provides a regular guaranteed income stream post-retirement. It also comes out with an annuity installment option throughout your lifetime. It makes sure that you enjoy your post-retirement life happily.
|Entry Age||Minimum -30 years |
Maximum- No Limit
|Purchase Price||Minimum 200000|
|Annuity Installment Frequency mode||Annual, Semi-Annual, Quarterly or monthly|
Canara pension plan offers policies with a large variety of benefits for you and your family. Canara OBC life insurance offers numerous Retirement insurance for individuals, families, and so forth. Canara HSBC pension plan offers customized policies that could enclose almost any Retirement need which you may have.
Canara HSBC OBC Pension Plans Advantages
The following are the retirement plans offered by Canara HSBC:
Canara HSBC pension plan offers great retirement insurance for individuals, corporations, and couples. The Retirement plans provided by Canara HSBC Oriental Bank of Commerce have attractive features and advantages.
For the same, you can use an online pension premium calculator that might ask you for basic details and will give an estimate about the payable premium.
Yes, by Investing in Pension plan you will be liable to avail tax benefits under Section 80C of the Income Tax Act. You must check the same in your plan.
The pension plan does carry several additional riders to enhance the benefits of the pension plan. Some of the top riders are
Earlier withdrawals are allowed but it varies from insurer to insurer and plans to plan so it is vital to check your plan for the same.
If you want to change your premium payment frequency you must directly contact your pension plan provider as they might have their own rules and regulations.
Yes, these days companies are offering this option to make your payment digitally from the comfort of your home or any other place.
Last updated on 06-11-2020