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Young Term Plan
502-/ per month
VS
Mera Term Plan Plus
545-/ per month
| PLAN DETAILS |
Young Term Plan |
Mera Term Plan Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 99 years | Maximum Maturity Age - 99 years |
| Plan Sum Assured | Basic Sum Assured: Rs. 25 Lakhs to no limit | Basic Sum Assured: ₹25L to no limit. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 45 years | Minimum Age - 18 years Maximum Age - 60 years |
| Plan Payment modes | Yearly, half-yearly, quarterly & monthly | Annual, Semi-Annual, and Monthly |
| Plan Policy loan | The policy loan is not available under Young Term Plan. | The policy loan is not available under PNB Metlife Mera Term Plan Plus. |
| Plan Sample Premium | Rs 502-/ per month | Rs 545-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 10 years Maximum term - 81 years | Minimum term - 10 years Maximum term - 99 years |
| Claim Settlement Ratio (2023-24) | 99.31 | 99.2 |
|
Canara HSBC Term Insurance Plans PNB Metlife Mera Term Plan Plus |
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* 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.
Canara HSBC Young Term Plan is an online available pure protection term insurance plan. It 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 to the life insured as per 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:
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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