Canara Hsbc Money Back Advantage Plan
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Canara Hsbc Money Back Advantage Plan vs Retire Smart

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...

Retire Smart

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity and also protects your funds from market volatility. Along with the life insurance cover, multiple fund options such as equity Pension Fund, Bond Pensi...

PLAN DETAILS

Canara Hsbc Money Back Advantage Plan


Retire Smart

Premium Including GST
Key Features
(Key features of the plan)
  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term
  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid
Plan Uniqueness
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
Plan Maturity age 71 year Maximum Maturity Age - 80 years
Premium payment term 10 year 5/8/10/15 years
Plan Entry Age Minimum- 8 years, Maximum- 55 years Minimum Age - 30 years Maximum Age - 70 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, 15, 30 years
Claim Settlement Ratio (2023-24) Minimum Age - 0 year Minimum Age- 30 year

Know More About Plans

Overview

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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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.