Monthly Income Advantage Plan
vs
Canara Hsbc Money Back Advantage Plan

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Monthly Income Advantage Plan vs Canara Hsbc Money Back Advantage Plan

Monthly Income Advantage Plan

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, ...

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...

PLAN DETAILS

Monthly Income Advantage Plan


Canara Hsbc Money Back Advantage Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term
Plan Uniqueness
  • Guaranteed monthly income
  • Longer coverage
  • Waiver of premiums
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
Plan Maturity age Maximum Maturity Age - 90 years 71 year
Premium payment term 6,8,10,12,15 years 10 year
Plan Entry Age Minimum Age - 18 years Maximum Age - 55 years Minimum- 8 years, Maximum- 55 years
Sum assured No limit Minimum- 1 Lac, Maximum- No Limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Quarterly, Half yearly, Annually
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 16 years Maximum term - 45 years 16 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 0 year

Know More About Plans

Overview

Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, critical illness, and disability rider to enhance overall coverage. You can avail of a sum assured ranging from Rs 54,000 to no upper limit. This plan has 15 plan variants and you can choose the one that best suits your needs.

Axis Max Monthly Income Advantage Plan offers you a range of benefits including:

why-choose
  • Guaranteed monthly income

  • Waiver of future premiums

  • Flexible policy tenure
  • Reduced paid-up value

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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.