Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks – Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) – and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world's largest banking and financial services groups – HSBC.
Canara HSBC pension plan offers you economic protection so that when your profits start to decrease regularly, you can nonetheless live with pride in your living requirements without compromising. Due to the growing inflation and high value of living, retirement planning has become the most vital. So, it is crucial to start saving early for a relaxed, stress-free retired life. For this Canara HSBC OBC pension plan, is important for you. Canara HSBC pension plan guarantees that you lead a satisfied life to your terms even after retirement. Pension Plans presented through Canara HSBC OBC provide options to pick your retirement age and manage your investments are managed to meet your retirement needs. Canara Retirement plans help you to do things what you continually have been doing even after Retirement. Canara HSBC OBC Pension Calculator helps you to calculate how a whole lot you want to develop your wealth to ensure peaceful post-retirement life with Canara HSBC pension plan.
Canara HSBC OBC life insurance is an Indian Insurance Company. Canara HSBC OBC founded in 2008. Canara HSBC OBC is a Joint venture between Canara bank, HSBC insurance Ltd and the Oriental bank of commerce. Canara HSBC OBC offers online term plans, retirement plans, child plans, family safety plans for individuals and own family.
Canara pension plan offer 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 which could enclose almost any Retirement need which you may have.
Death benefit: If the insured had died within the coverage duration, then the sum assured could be payable to their own family contributors or nominee selected by using the Insured.
Maturity benefit: Maturity advantage is applicable to this pension insurance plan
Tax benefit: You can get tax benefit on Canara pension plan for charges paid underneath section 80C and sec 10(10D) of Income Tax Act 1961 for the loss of life benefit acquired by the insured family members.
Guaranteed profits advantage: Assured monthly profits for 15 years
The following are the retirement plans offered by Canara HSBC:
Lump Sum advantage with bonuses
Excessive Sum Assured Rebate
Flexibility through Loans
Flexible premium payment
Canara HSBC pension plan offers great retirement insurance for the individuals, corporations, and couples. The Retirement plans provided by Canara HSBC Oriental Bank of commerce have attractive features and advantages.
The Canara HSBC Smart Immediate Income Plan comes with a death benefit in case of death of annuitant or last survivor, the purchase price (excluding taxes) shall be payable as Death Benefit. Also any outstanding annuity installments till date of death shall be payable along with Death Benefit.
It ensures a regular guaranteed income stream post retirement. It provides you annuity installments throughout your lifetime but does not provide death Benefit.
This plan comes with Life-Cover benefits when the sum assured is 100 times the chosen monthly income.
Canara HSBC Oriental Bank of Commerce Life Insurance Smart Future Income Plan that will help you plan well as you move towards the golden years of life with other benefits like Rebate and Loans.
This plan provides protection through payment of lump sum benefit on death with annual payouts aligned closely to your child’s educational milestones along with many benefits.
It is a savings- cum-protection plan that provides life insurance cover and savings in the ease of a single plan. Make a one time investment for a lifetime of regular returns.
This plan provides family protection through 16 years through payout of death benefit. The limited payment term is 10 years to suit your finances and one receives guaranteed lump sum payout equal to 55% of the sum assured.
You can use our insurance premium calculator or use the corporation's personal device.
You can visit their internet site, which includes a tool from the company, allowing you to at least get an estimation of what your fund cost should be.
You get 30 days from the due date to pay your premiums, at some point of which your plan's life insurance cover will maintain, post the date, you will not receive cover till premium amount is paid.