|
|
|
|
|
|
|
Insurance Company
|
Canara HSBC OBC Life Insurance Company Ltd
|
|
Plan Name
|
Canara HSBC Life Stay Smart Plan
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Protection Plan
|
|
UIN No.
|
136L012V01
|
|
About Plan
|
Canara HSBC Oriental Bank of Commerce Life Stay Smart Plan is the solution that helps you take care of your multiple responsibilities. The plan offers an ideal balance between protection and investment for your changing needs through life's different stages.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
31 days
|
|
Maximum Entry Age
|
65years
|
|
Minimum Policy Term
|
Upto age 99 years
|
|
Minimum Maturity Age
|
99 years of age.
|
|
Minimum Premium
|
Rs25000 p.a
|
|
Premium Paying Term
|
10 to 99 age at entry
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
At matrity (at age 99), you will receive the entire Fund Value and the policy is terminated.
|
|
Death Benefits
|
In the unfortunate event of your death , your nominee will receive the higher of the Sum Assured and the Fund Value.
|
|
Survival Benefit
|
You have the option to surrender the policy, whereby the surrender value will be paid to you after deducting the applicable surrender charge and thereafter the policy will terminate.
|
|
Additional Benefits
|
Premiums paid under this Policy will be eligible for tax benefit under Section 80C and any benefit amount paid to you will be eligible for tax benefits under Section 10(10D), of the Income Tx Act, 1961, subject to the conditions of the respectiveSections.
|
|
Partial Withdrawal Benefit
|
Partial withdrawals are allowed from 4th policy year. Partial Withdrawal charge is as detailed in charges section. The minimum withdrawal amount is Rs. 10,000 and the maximum is such that the fund value pertaining to regular premium after withdrawal is more than 120% of the first year premium.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
Whole of Life Protection Life cover till age 99 years
|
|
Pick a Premium Payment Term to suit your earning capacity.
|
|
Loyalty Additions at periodic intervals to boost the value of your investment.
|
|
Choose from 5 funds - ranging from 0% to 100% equity exposure, to match your appetite towards investment risks and returns
|
|
Increase the value of your savings by contributing over andabove your regular premiums.
|
|
|
|
|
|
|
|
|
|
Balanced Fund II
|
|
Debt Fund
|
|
Equity Fund II
|
|
Growth Fund II
|
|
Liquid Fund
|
|
|
|
Particulars
|
Range
|
|
Debt Fund
|
|
Debt Securities
|
60% - 100%
|
|
Money market
|
0% - 40%
|
|
Equity Fund II
|
|
Equity
|
60% - 100%
|
|
Money Market
|
0% - 40%
|
|
Liquid Fund
|
|
Debt Securities
|
0% - 60%
|
|
Money market
|
40% - 100%
|
|
|
|
|
|
|
|
|
|
|
Balanced Fund II
|
21-May-13
|
12.269
|
|
Debt Fund
|
21-May-13
|
16.253
|
|
Equity Fund II
|
21-May-13
|
11.129
|
|
Growth Fund II
|
21-May-13
|
11.765
|
|
Liquid Fund
|
21-May-13
|
14.445
|
|
|
|
|
|
|
|
|
|
|
Balanced Fund II
|
|
Debt Fund
|
|
Equity Fund II
|
|
Growth Fund II
|
|
Liquid Fund
|
|
|
|
|
|
|
|
|
16-Jun-09
09:41
|
HSBC intends to raise stake in insurance JV
|
|
01-Jun-09
21:14
|
Benefit through bancassurance
|
|
25-May-09
09:49
|
Doubling size of distribution network : Canara HSBC Oriental Life Insurance
|
|
27-Apr-09
11:23
|
Canara HSBC Oriental Life Insurance Company looking to double the coverage of branches
|
|
29-Jan-09
16:51
|
Insurers to inform consumer on bouncing of cheque
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|