Canara Hsbc Investment Plans vs Acko Life Insurance Company

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Canara Hsbc Investment Plans vs Acko Life Insurance Company

COMPANY DETAILS Edit Canara HSBC Investment Plans

Canara Hsbc Investment Plans

Edit Acko Life Insurance Company

Acko Life Insurance Company

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

000 to No limit

Annual Premiums Collected (2024-25)

36.52 crores
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age - 0 year%

Claim ratio

99.38%%
Solvency Ratio

Solvency Ratio

100 years

Solvency Ratio

2.36
Branches

Branches

Yearly, half-yearly

Branches

-
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Policy Term

Policy Term

5 to 30 years

Policy Term

5 to 40 years

Overview

Canara HSBC Investment Plans: Overview

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was founded in 2008 and is headquartered in Gurugram, Haryana. The company is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank merged with OBC (23%). The company has a well-organized distribution network across the country in Tier 1, 2, and 3 markets, including rural areas.

Canara HSBC Investment Plans are designed to offer life coverage along with maturity benefits to ensure wealth creation. Various investment plans are offered by Canara HSBC, and you can choose the one that best fits your requirements and risk appetite.

Canara HSBC Investment Plans ensure to look after your investment needs by offering:

  • Financial Security
  • Wealth Creation
  • Goal Planning
  • Tax Benefits

Riders

Riders You Can Avail With Acko Life Insurance Plans

You can avail the following riders with your Acko Life Insurance plans:

Name of the Rider Benefits
Acko Accidental Death Benefit Rider Offers an additional sum assured if the policyholder dies due to an accident.
Acko Life Accidental Total Permanent Disability Benefit Rider Provides the sum assured if the policyholder becomes partially or totally disabled due to an accident.
Acko Life Critical Illness Benefit Rider Pays the rider benefit if the policyholder is diagnosed with any critical illness mentioned in the policy brochure.

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Canara HSBC Investment Plans

Canara HSBC Investment Plans are financial products that help you build wealth over a period by investing regular premiums.

Investment Plan Plans

Investment Plan

Canara HSBC Money Back Advantage Plan is an individual non-linked life insurance cum saving plan. It offers comprehensive benefits of saving and prote...

Unique Features

  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term

Canara HSBC Money Back Advantage (Pros)

Canara HSBC Money Back Advantage
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity

Canara HSBC Money Back Advantage (Cons)

Canara HSBC Money Back Advantage
  • Suicidal death not covered
  • Aviation accidents not covered
  • Death related to intoxication not covered

Canara HSBC Money Back Advantage (Other Benefits)

Canara HSBC Money Back Advantage
  • Tax benefits as per Income Tax Act 1961
  • Death benefits
  • Maturity benefits

Canara HSBC Money Back Advantage (Eligibility Criteria)

Canara HSBC Money Back Advantage
  • Minimum entry age: 8 years
  • Maximum entry age: 55 years
  • Minimum sum assured: 1 Lakh
  • Maximum sum assured: No Limit
  • Maximum policy term: 16 years

Investment Plan

Canara HSBC Titanium Plus is an individual-linked life insurance savings plan. It offers the dual benefit of insurance and investment. Unlike a normal...

Unique Features

  • Loyalty addition
  • Choice of 8 funds
  • Flexible Premium Payment Term

Canara HSBC Titanium Plus (Pros)

Canara HSBC Titanium Plus
  • Wealth booster and loyalty addition
  • Flexible premium payment term
  • Multiple Portfolio Management Options

Canara HSBC Titanium Plus (Cons)

Canara HSBC Titanium Plus
  • Suicidal death not covered
  • Joint life cover not applicable
  • You cannot get policy loan

Canara HSBC Titanium Plus (Other Benefits)

Canara HSBC Titanium Plus
  • Switching of investment between different funds
  • Enhanced protection through riders
  • Life cover up to the age of 80 years

Canara HSBC Titanium Plus (Eligibility Criteria)

Canara HSBC Titanium Plus
  • Minimum entry age - 0 years
  • Maximum entry age - 70 years
  • Maximum sum assured - 1.25 X Single Premium
  • Maximum policy term - 30 years

Investment Plan

Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the prot...

Unique Features

  • 2 Plan Options
  • Guaranteed Additions
  • Lower Premiums

Canara HSBC Easy Bachat (Pros)

Canara HSBC Easy Bachat
  • Survival benefit
  • Maturity benefit
  • Life insurance death benefit

Canara HSBC Easy Bachat (Cons)

Canara HSBC Easy Bachat
  • Suicides not covered
  • Death due to aviation accident
  • Death due to any adventurous sports

Canara HSBC Easy Bachat (Other Benefits)

Canara HSBC Easy Bachat
  • Surrender value
  • Endowment options
  • Money back options

Canara HSBC Easy Bachat (Eligibility Criteria)

Canara HSBC Easy Bachat
  • Minimum entry age: 18 years
  • Maximum entry age: 55 years
  • Minimum sum assured: Rs 20
  • 000
  • Maximum sum assured: Rs 10
  • 00
  • 000
  • Maximum policy term: 20 years

Investment Plan

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

Unique Features

  • Loyalty additions
  • Wealth boosters
  • Minimal associated charges

Canara HSBC Invest 4G (Pros)

Canara HSBC Invest 4G
  • Death benefit
  • Maturity benefit
  • Loyalty additions

Canara HSBC Invest 4G (Cons)

Canara HSBC Invest 4G
  • Suicidal death is not covered
  • Air accidents not covered

Canara HSBC Invest 4G (Other Benefits)

Canara HSBC Invest 4G
  • Wealth boosters
  • Return of mortality charges
  • Partial withdrawal charges

Canara HSBC Invest 4G (Eligibility Criteria)

Canara HSBC Invest 4G
  • 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
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.