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Canara Hsbc Easy Bachat Plan
VS
Lic New Endowment
| PLAN DETAILS |
Canara Hsbc Easy Bachat Plan |
Lic New Endowment |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | 65 years | Maximum Maturity Age - 75 years |
| Premium payment term | 5, 7, 10 years | Same as policy term |
| Plan Entry Age | Min- 18 years, Max- 55 years | Minimum Age - 8 years Maximum Age - 55 years |
| Sum assured | 10 Lacs | Rs 1 lakh to No limit |
| Premium payment frequency | Monthly, Quarterly, Half-Yearly or Annually | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 10, 15, 20 years | Minimum term - 12 years Maximum term - 35 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 0 year | 98.5% |
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LIC Endowment Assurance Policy Explained | Best LIC Plan for Savings & Insurance |
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Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the protection level: Endowment option or Money-back option.
Endowment Option: In this variant, you'll get an assured life cover during the policy term and a lump sum on maturity.
Money-back Option: Under this option, you'll get assured life coverage during the policy term, a lump sum on maturity, and survival benefits during the premium payment term.
With the Canara Easy Bachat plan, you can grow your savings with yearly guaranteed additions added at the end of each policy year, only during the premium payment term. The plan offers the flexibility to choose a premium payment term for 5, 7, or 10 years (PPT) and enjoy life cover for 10, 15, or 20 years.
Key Features of Canara HSBC Life Insurance Easy Bachat Plan:
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