Canara HSBC Saral Jeevan Bima Term Plan

Benefits Of Canara HSBC Saral Jeevan Bima Term Plan

Given below are the benefits available under the Canara HSBC Saral Jeevan Bima Term Plan:

1. Death benefit

   Upon the unfortunate demise of the life insured during the policy term, the Canara HSBC Saral Jeevan bima term plan offers the death benefit highest among the following:

   For Regular or Limited Premiums

   • 10 times of Annualized premium
   • 105% of Total Premiums paid as of the date of death
   • The absolute amount assured to be paid on death

   For Single pay premium

   • 125% of Single Premium
   • The absolute amount assured to be paid on death

2. Accidental Death Cover during waiting period

   The plan covers accidental deaths from the first day of policy commencement. Which means that during the initial waiting period of 45 days, if you pass away due to an accident your nominee will receive a death benefit in lump sum.

3. Tax benefit

   Canara HSBC Saral Jeevan Bima offers a tax rebate of up to 1.5 lac, under the section 80C of Income Tax Act 1961 for the premium paid under the same financial year.

Premium Illustration of Canara HSBC Saral Jeevan Bima Term Plan

Below is the premium illustration of the Canara HSBC Saral Jeevan Bima Term plan for a 30-year-old, non-smoker for a policy term of 10 years with a sum assured of 5 lacs.

Wanna know more about the Canara HSBC Saral Jeevan Bima Term Plan?

If you have doubts or queries regarding the Canara HSBC Saral Jeevan Bima Term Plan or need assistance, you can contact us at the following details. A certified financial advisor from policyx.com will get in touch with you.

Toll-free no: 1800-4200-269

Office address: 1st Floor, Landmark Tower, Plot no-2, South City-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

Canara HSBC Saral Jeevan Bima Term Plan: Other Provisions