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Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Life Insurance - 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.
Life Insurance - 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.
Types of Life Insurance Policy
Money-back Insurance Policy - Money back policy provides a periodic return along with the benefit of life insurance cover . It gives you money during the term of insurance. A percentage of the sum assured is given back to the policyholder at regular intervals during the policy term. The remaining portion is payable at the end of the term of the policy. In case the policyholder dies before the end of the term, the nominee is paid the assured total regardless of the premium payments received by the policyholder.
Different Types of Life Insurance Plans in India
Money Back Policy: Money back policy is a type of life insurance policy that gives money-back at regular intervals. A percentage of the Sum Assured is paid back at intervals during the policy tenure. These life insurance plans offer Survival Benefits, which are paid out during the plan tenure and at maturity. If the policyholder passes away when the policy is in force, the entire Sum Assured is paid to the beneficiaries irrespective of the Survival Benefits already paid.
Types of Life Insurance Policy
Unit Linked Investment Plans - ULIP ( Unit Linked Investment Plans ) offer flexibility in investment in addition to life insurance. It is one of the most flexible life insurance policies available in the market. A percentage of premium is used to provide insurance, while the rest is invested in the capital markets. The policyholder is free to choose from a variety of funds investing in equities, debts, market funds, etc.
Different Types of Life Insurance Plans in India
Unit Linked Insurance Plans: ULIPs are investment plus insurance plans so that you can enjoy best of both the worlds. This is a type of life insurance policy that offers life cover along with investment opportunities. Most of the ULIPs have a lock-in period of 5 years, hence, it can be considered as a long-term investment plan. It function as per market dynamics and you should understand your risk appetite before buying a ULIP.
Types of Life Insurance Policy
Whole Life Insurance- The whole life insurance policy, on the other hand, offers full coverage till 100 years of age, it does not expire. A whole life insurance policy has a death benefit and a cash value. It is what you can consider a tax-deferred savings account, an investment included in a policy. They contain a cash value that accumulates interest at a predetermined fixed rate. Every month a certain amount from your premium goes into the cash value of the policy with a guaranteed rate of return. This cash value can be withdrawn or loaned. This component of whole life insurance also makes it more complex than term life insurance due to the taxes, interest, surrender fees, and other stipulations.
Different Types of Life Insurance Plans in India
Whole Life Insurance Plan: As the name suggests, it is a policy that covers you till you turn 99. That means you can be protected till you are 99 years of age. Whole life insurance plans have a death benefit along with cash value. The life insurance policy’s cash value will grow over time and can be withdrawn by the policyholder when it accumulates enough value. Or, it can also be withdrawn if the policyholder opts for a loan on the life insurance policy.