Download life style covers8/27/2023 Investors in the Scheme are not being offered any guaranteed / assured returns. Past performance of the investment funds do not indicate the future performance of the same.The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects and returns.The premium shall be adjusted on the due date even if it has been received in advance.The premium paid in Unit linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.Unit linked Insurance products are different from the traditional insurance products and are subject to the risk factors.Canara HSBC Life Insurance Company Limited is only the name of the insurance company and Canara HSBC Life Insurance Invest 4G is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.The investment risk in investment portfolio is borne by the policyholder.The policyholder will not be able to surrender/withdraw the monies invested in Unit linked Insurance Products completely or partially till the end of the fifth year. The Unit linked Insurance Products do not offer any liquidity during the first five years of the contract.Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc. The policy term and premium payment term considered is 10 years. The premium of ₹567 mentioned is exclusive of goods and service tax and is an example for a healthy 18 year old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The maturity benefit in form of a lumpsum benefit equal to Rs.33,19,055 is paid at the end of the 20th year, provided the policy is in-force and all due premiums have been paid. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future with iAchieve plan option, monthly premium Rs.10,000 (excluding taxes), premium payment term 10 years and policy term 20 years through online sales channel. Please consult your independent tax advisor for details.ĥ. Goods & Services Tax will be charged on the premium amount. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Tax benefits/savings are subject to provisions under section 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. 1.5 lacs under Income Tax Act, 1961 and tax benefit may vary from assessee to assessee. 46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an individual assessee on life insurance premium of Rs. 51,84,468 which includes Guaranteed Sum Assured on Maturity, accrued Guaranteed Yearly Additions and Guaranteed Loyalty Addition. 2,10,000, (excluding taxes) premium payment term 10 years and policy term 20 years. The Policy will terminate after payment of this benefit.Ģ.Guaranteed Benefits - Provided all premiums have been paid as and when due and the policy is in-force.ģ.The maturity benefit calculated for a 25 years old healthy male who has opted for Canara HSBC Life Insurance Guaranteed Savings Plan with Guaranteed Savings Option through insurer’s website, annual premium Rs. In case of death of the Life Assured during the Policy Term, Sum Assured on Death basis the Coverage option opted, less cumulative monthly income(s) already paid shall be payable. Under this plan option, a Monthly Survival Income shall be payable at the beginning of each month, starting from the Policy Anniversary coinciding with or following the Life Assured attaining age 60 years (last birthday) which shall continue till the end of the Policy Term or the death of the Life Assured whichever is earlier. The monthly survival benefit mentioned is an example of Life Assured opting for Sum Assured as 1Cr under Life Secure with Income plan option. Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd) hereinafter referred to as "Insurer" is used under license with Canara Bank and HSBC Group Management Services Limited.ġ.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |