2007 was a turning point in the books of insurance. Why so? Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited came into the limelight with a strong intention insight- to capture a major share of the insurance market by delivering useful products to address the needs of the Indian people. Even at that time, Canara HSBC had the support of a superb team whose training was light years ahead of its competitors. Now in 2020, nothing much has changed. They still have a dominating team that works 24/7 to make its customers happy. Speaking of changes, the company has added new products in its lineup and they are worth discussing. The highlight of them is its ULIP Plans.
At the moment, they have 8 ULIP plans at their disposal. Every plan sounds different from the other but all of them serve the same purpose- build financial capital for its owner. Honestly, that is the only thing a person is looking for from a ULIP plan. To understand more details, have a look at the different types of ULIP plans offered by Canara HSBC.
Today, money dictates the rules of the world and it will happen in the future as well. To be a part of the rulemaking, you should have enough money stocked up for the future. This plan can assist you with that. A detailed and simple strategy for financial planning is its specialty. And you can change that as per your needs.
Benefits
Eligibility
Factors | Eligibility | |
Pay options | Limited/Regular | Single |
Minimum entry age | 0 years | 13 years |
Maximum entry age | 70 years | |
Minimum maturity age | 18 years | |
Maximum maturity age | 80 years | 75 years |
It is a unit-linked plan that makes sure that any of your long-term projects/goals are financially uninterrupted (if you are not around).
Benefits
Eligibility
Factors | Eligibility | ||
Policy term | 10 years | 15 years | 20 years |
Minimum entry age | 18 years | 28 years | |
Maximum entry age | 51 years | 49 years | |
Minimum maturity age | 18 years | 28 years | |
Maximum maturity age | 61 years | 66 years | 69 years |
It is tough to jump into investments. You need discipline and an effective plan to build up your finances. Fortunately, you don’t have to do it all alone. This plan can work beside you and design a brilliant strategy to stock up your investments.
Benefits
Eligibility
Factors | Eligibility | |
Policy term | 10 years | 5/20/25 years |
Minimum entry age | 8 years | |
Maximum entry age | 64 years | |
Minimum maturity age | 18 years | 23 years |
Maximum maturity age | 74 years | 79 years |
As a unit-linked plan, it is tasked with two major roles- wealth creation & life coverage. And the plan performs its roles with flying colors.
Benefits
Eligibility
Factors | Eligibility |
Minimum entry age | 7 years |
Maximum entry age | 65 years |
Premium payment frequency | Monthly/Annual |
Your expenses will keep on rising in the future. You need enough money to take care of them. This plan can look after it. With the potential to design a superb financial strategy, secure bhavishya plan will slowly (yet effectively) boost your investments.
Benefits
Eligibility
Factors | Eligibility |
Minimum entry age | 25 years |
Maximum entry age | 70 years |
Minimum vesting age | 40 years |
Maximum vesting age | 80 years |
Premium payment frequency | Monthly/Annual |
This plan gives your investments steady growth without facing any hurdles. Along with that, additional protection via life coverage makes things much better.
Benefits
Eligibility
Factors | Eligibility |
Policy term | 10 years |
Minimum entry age | 8 years |
Maximum entry age | 70 years |
As a responsible parent, you have to save up enough money to fulfill your child's dreams. For that, you should have a workable strategy in hand. This plan has its specialty in the same. Once the future smart plan is in your pocket, you won’t have to worry about your child’s finances.
Benefits
Eligibility
Factors | Eligibility |
Policy term | 10/15/20/25 years |
Minimum entry age | 18 years |
Maximum entry age | 60 years |
How amazing will it be if you can get lifelong coverage by paying a handful of premiums? Great, isn’t it? This plan can make this true. By investing in Grow Smart Cover, you can sit back, relax, and enjoy the financial security till your last day on planet Earth.
Benefits
Eligibility
Factors | Eligibility |
Policy term | Whole life |
Minimum entry age | 7 years |
Maximum entry age | 65 years |
There are two things that people should never mess with- their life & hard-earned money. If you agree with this statement, then choosing a poor ULIP provider will be beneath you. All your effort should go into hunting for a popular provider which can safeguard your investment and give stable returns as well. Right now, only one company can meet this benchmark- Canara HSBC.
With a customer-oriented workforce, reliable brand name and tax benefits, Canara HSBC holds promising intentions in its eyes to deliver the best results in the market.
Yes, you can cancel the policy. Just visit the nearest Canara HSBC branch, fill out the surrender form and submit the necessary documents. On acceptance, your money will be refunded in your bank account.
No. You will be given a grace period of 30 days to pay the premium.
The nominee has to visit the nearest branch with the insured’s death certificate and the policy document. S/he has to fill out & submit a claim form. Within 30 days, the claim will be accepted/rejected.
Last updated on 06-11-2020