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Canara Hsbc Money Back Advantage Plan vs Edelweiss Tokio Premier Guaranteed Income

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Canara Hsbc Money Back Advantage Plan vs Edelweiss Tokio Premier Guaranteed Income

Canara Hsbc Money Back Advantage Plan

Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving and protection in the same plan. This investment plan provides three Guaranteed Money Back at the end of the 5th, 9th, and 13th policy year. It also off...

Edelweiss Tokio Premier Guaranteed Income

Edelweiss Tokio Life Premier Guaranteed Income is an endowment plan. It offers life coverage along with the guaranteed return of premium. Along with maturity benefit, this plan also provides regular income payout for 15 years right after the completion of the premium-paying term. The Premier Guarant...

PLAN DETAILS

Canara Hsbc Money Back Advantage Plan


Edelweiss Tokio Premier Guaranteed Income

Premium Including GST
Key Features
(Key features of the plan)
  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term
  • Pay premiums for 15 years
  • 200% benefit at maturity
  • Enhanced protection riders.
Plan Uniqueness
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
  • Pay premiums for 15 years
  • 200% benefit at maturity
  • Enhanced protection riders
Plan Maturity age 71 year Maximum Maturity Age - 65 years
Premium payment term 10 year 15 years
Plan Entry Age Minimum- 8 years, Maximum- 55 years Minimum Age - 3 year Maximum Age - 50 years
Sum assured Minimum- 1 Lac, Maximum- No Limit No limit
Premium payment frequency Quarterly, Half yearly, Annually Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 16 years 15 years
Claim Settlement Ratio (2023-24) Minimum Age - 0 year Minimum Age - 91 day

Know More About Plans

Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving and protection in the same plan. This investment plan provides three Guaranteed Money Back at the end of the 5th, 9th, and 13th policy year. It also offers a rebate on premiums for a higher sum assured.

This plan offers complete coverage for up to 75 years, along with the policy term of 16 years.

Canara HSBC Money Back Advantage plan offers some exclusive features such as:

why-choose
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
  • Tax Benefits as per Income Tax Act 1961

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