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Insurance Company
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Canara HSBC OBC Life Insurance Company Ltd
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Plan Name
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Canara HSBC Life Pure Term Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Term Plan
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UIN No.
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136N006V01
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About Plan
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The plan is designed for people who want to avail of the benefitsof life insurance at low cost. It is a low premium, pure risk coverageplan which takes care of your financial commitments towards your familyor dependants, should anything unfortunate happen to you.
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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64 Years
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Maximum Maturity Age
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74 Years
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Minimum Policy Term
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5 Years
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Maximum Policy Term
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30 Years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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No survival benefits are payable under this plan.
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Death Benefits
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In case of the unfortunate death of the Life Assured during the Policy Term, the benefit payable to the nominee is the Sum Assured under the Policy.
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Loan against policy
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No facility for loan provisions under this plan.
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Surrender Benefit
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No surrender Benefit available under this plan.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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This plan helps you in protecting your family from financial uncertainties and help you secure their future.
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Economical life cover û Sum Assured at affordable cost, across a wide range of coverage ages & Sum Assured
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Wide range of Policy Terms to meet your needs accurately - choose a term from 5 to 30 years or choose coverage till age 60 years
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The plan provides you Regular and Single Premium Paying options
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Rebate on premium rates for female lives
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16-Jun-09
09:41
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HSBC intends to raise stake in insurance JV
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01-Jun-09
21:14
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Benefit through bancassurance
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25-May-09
09:49
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Doubling size of distribution network : Canara HSBC Oriental Life Insurance
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27-Apr-09
11:23
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Canara HSBC Oriental Life Insurance Company looking to double the coverage of branches
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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