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Canara Hsbc Money Back Advantage Plan vs Lic New Endowment

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Canara Hsbc Money Back Advantage Plan vs Lic New Endowment

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...

Lic New Endowment

LIC New Endowment Plan-one of the best policy by LIC India. The LIC New Endowment plan (Plan No: 914) is a must-avail plan considering the many benefits it offers to the customer. It is a non-linked life insurance policy that offers guaranteed returns and bonuses. The policy offers a great bandwidth...

PLAN DETAILS

Canara Hsbc Money Back Advantage Plan


Lic New Endowment

Premium Including GST
Key Features
(Key features of the plan)
  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
  • Death Benefits
  • Maturity Benefits
  • Survival Benefits
Plan Maturity age 71 year Maximum Maturity Age - 75 years
Premium payment term 10 year Same as policy term
Plan Entry Age Minimum- 8 years, Maximum- 55 years Minimum Age - 8 years Maximum Age - 55 years
Sum assured Minimum- 1 Lac, Maximum- No Limit Rs 1 lakh to 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 Minimum term - 12 years Maximum term - 35 years
Claim Settlement Ratio (2024-25) Minimum Age - 0 year 98.5%
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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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