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Financial Planning - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Savings and Investment Plans from Canara HSBC Life Insurance

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Fixed Returns, Zero Risks & Worries

4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Types of Investment Plans for 5 Years

A five-year investment horizon, although not very long, gives you several amazing investment options. Some of these options also offer tax-saving benefits. Here’s a list of the most popular 5-year investment options in India:

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Best Saving and Investment Plan for 5 Years

You have a lot of options to choose from if your investment horizon is five years. You can choose low and moderate-risk investment plans. Some of the best investment options for five years are:

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Types of Investment Plans for 5 Years

Premium Protection Option of Promise4Growth Plus: So, ULIPs have an insurance component as well as an investment component. In case of the unfortunate demise of the policyholder, the nominee would receive the sum assured or else the policyholder would receive the fund value at the end of the policy term. ULIPs permit partial withdrawals at specific milestones or for a certain number of times in a term. Amounts paid towards premiums are deductible from taxable income, under section 80C, whereas all payouts are exempt from tax under section 10(10D) .

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High Risk Savings and Investment Plan

Unit Linked Insurance Plan (ULIP): A combination of investment and insurance. A part of your premium goes to insurance, and the balance is invested in the market. With most ULIP s, you have the option to choose whether you want your investment to go to equity, debt, bonds, or hybrid funds. As a survival benefit, you get the maturity amount depending on your Net Asset Value ( NAV ). If the policyholder passes away, the nominee receives the sum assured. New ULIP plans give you more flexibility in terms of investment options and are also cheaper.

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Types of Investment Plans for 5 Years

Mutual Funds: Mutual funds pool money from several sources and invest in equities. These funds are focused on specific industries or segments of companies and are managed by experienced fund managers. You can choose the type of fund depending on your risk appetite and targeted return.

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High Risk Savings and Investment Plan

Equity & Balanced Mutual Funds: A mutual fund is an investment plan in which your money or investment is managed by a professional called an Asset Management Company (AMC). There are different types of mutual funds depending on the fund type. The different instruments in which mutual funds invest include debt, equity, bonds, etc. Depending on your risk appetite, you can choose a mutual fund scheme. When you invest in a mutual fund, you are allocated NAV, and your investment grows as the price of NAV increases.

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Types of Investment Plans for 5 Years

National Savings Certificate (NSC): NSC is offered by the Post Office and is very similar to the tax-saving 5-year bank deposit. The rate of interest for an NSC is 6.8%, which is higher than the current rate of interest for bank deposits. The lock-in period is 5 years, and the amount invested is deductible from taxable income under section 80C. Interest is compounded annually, and this annual interest can also be deducted from taxable income. However, the interest amount receivable on maturity is taxable.

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Low Risk Savings and Investment Plan

National Savings Certificate (NSC): NSC is a government-backed fixed-income investment scheme available at post offices. It is suitable for investors looking for safe and guaranteed returns. The scheme comes with a tenure of 5 years and offers fixed interest rates that are compounded annually. The interest earned is reinvested automatically and qualifies for tax deduction under Section 80C up to ₹1.5 lakh, although the final maturity interest is taxable.

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Types of Investment Plans for 5 Years

Equity Linked Savings Scheme (ELSS): It is a type of equity mutual fund. Investment of up to Rs 1.5 lakhs in this fund qualifies for tax deduction under Section 80C . The fund has a lock-in period of 3 years. The maturity value from the fund will become taxable as long-term capital gain exceeds Rs 1 lakh.

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High Risk Savings and Investment Plan

Equity Linked Savings Scheme (ELSS): ELSS is a type of equity mutual fund that primarily invests in stocks and offers tax benefits under Section 80C of the Income Tax Act. These funds come with a mandatory lock-in period of three years, which is the shortest among tax-saving investment options. Since ELSS funds invest predominantly in equities, they carry higher risk but also have the potential to deliver higher returns over the long term.

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Types of Investment Plans for 5 Years

Unit Linked Insurance Plan (ULIP): ULIPs are life insurance plans with flexible and diversified investment options. ULIPs are phenomenal long-term investments because of equity allocation and tax-exempt status. Here are a few more unique features of ULIPs, including Promise4Growth Plus ULIP by Canara HSBC Life Insurance: 5-year lock-in period and minimum investment period You can invest for a period of up to 99 years of age Invest in a mix of equity and debt funds Manage your equity allocation with automated strategies Premium protection option for safeguarding important goals like a child’s higher education Systematic and milestone withdrawal options Bonus additions for long-term investors

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High Risk Savings and Investment Plan

Unit Linked Insurance Plan (ULIP): A combination of investment and insurance. A part of your premium goes to insurance, and the balance is invested in the market. With most ULIP s, you have the option to choose whether you want your investment to go to equity, debt, bonds, or hybrid funds. As a survival benefit, you get the maturity amount depending on your Net Asset Value ( NAV ). If the policyholder passes away, the nominee receives the sum assured. New ULIP plans give you more flexibility in terms of investment options and are also cheaper.