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Canara Hsbc Money Back Advantage Plan
VS
Lic Premium Endowment
| PLAN DETAILS |
Canara Hsbc Money Back Advantage Plan |
Lic Premium Endowment |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | 71 year | Maximum Maturity Age - 75 years |
| Premium payment term | 10 year | Single Premium |
| Plan Entry Age | Minimum- 8 years, Maximum- 55 years | Minimum Age - 30 days Maximum Age - 65 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 | 10 to 25 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 0 year | 98.5% |
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:
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