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Canara HSBC Young Term Plan is an online available pure protection term insurance plan that offers two plan options, allowing policyholders to select the protection level: Life Secure and Life Secure with Return of Premium (ROP). It provides financial security for the life insured in accordance with their financial requirements. The plan comes with various benefits, such as whole life cover, child care benefits, premium waiver, or special exit value. In this plan, you can stay protected against death, disease, or disability with additional built-in covers. With the Young Term Plan, you can even enhance your base cover up to 100% in 5 years from the policy inception, and the premium remains the same.
Canara HSBC Young Term Plan offers you a range of benefits including:
| PLAN DETAILS |
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Young Term Plan |
Group Suraksha Plan |
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
You can add the following riders to your Canara HSBC Young Term Plan:
Get an extra payout on top of base cover upon death due to an accident.
Upon accidental total & permanent disability to the policyholder, your future premiums will be waived, and the policy will continue till maturity.
If you are diagnosed with 40 pre-specified critical illnesses, your future premiums will be waived, and the policy will continue until maturity.
If you are diagnosed with any covered terminal illness, lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive.
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