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Canara HSBC Investment

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Canara HSBC Investment
Highlights
Claim Settlement Ratio98.57%
Customer Care10:00 am to 9:00 pm
In-House Claim SettlementAvailable
PresenceAcross Country
RenewabilityLifelong
Special BenefitsAvailable

About Canara HSBC Investment

Investments will ensure a financially stable future for you and your loved ones. You can invest in Canara HSBC investment plans to earn profitable returns. Canara HSBC Life is one of the best life insurance companies in India. Read on to find out the top investment plans offered by Canara HSBC Life Insurance Company.

What Is an Investment Plan?

Investment plans are a tool that assists people in financially securing the future of themselves and their loved ones. These plans are also referred to as classic plans since they guarantee returns to the policyholders. You must take some things into consideration when selecting the best investment option. Affordability, risk tolerance, and long-term financial objectives are some of these variables.

Benefits of Canara HSBC Investment Plans

Investment plans from Canara HSBC Life Insurance are reputable choices in the Indian market. Long-term investors should put money into these schemes if they wish to generate higher profits. Additional benefits of investing in Canara HSBC Life Investment Plans include the following:

  • Family Security: By making sound investments now, you will be able to generate profitable returns later on. Additionally, if you invest in Canara HSBC investment plans, your family will be financially secure even if you are not there.
  • Achieve Financial Goals: We frequently fantasize about buying the home or car of our dreams. Is it not? You can complete all of them by purchasing investment plans from Canara HSBC Life. You can pay a premium and receive a lump sum payment at maturity.
  • Flexibility: Canara HSBC Life Insurance gives policyholders the freedom to choose the tenure of their coverage and a premium payment frequency. Policyholders have the option of paying a premium on a monthly, quarterly, semi-annual, or annual basis, depending on their current financial situation and future financial needs.
  • Wealth Creation: Canara HSBC investment plans let policyholders increase their financial security. Your choice of investment option and level of risk tolerance will affect your return on investment. Your investment will return to you more profitably if you have a larger capacity for taking risks.

Best Canara HSBC Investment Plans 2023

Following is a list of the best Canara HSBC investment plans:

Investment Plan

Entry Age

Maturity Age

Policy Tenure

Smart Monthly Income Plan

18- 55 years

43- 80 years

25 years

Smart Stage Money Back Plan

8- 55 years

N/A- 70 years

15 years

Smart Vriddhi Plan

18- 50 years

N/A- 60 years

10 years

Smart Future Income Plan

18- 55 years

43- 80 years

25 years

Money Back Advantage Plan

8- 55 years

71 years

16 years

Let’s discuss each Canara HSBC Investment Plan in detail:

Smart Monthly Income Plan

It is a traditional insurance policy that guarantees monthly payments for a predetermined amount of time. The key features of this plan are as follows:

  • Under the Limited Pay option of premium payment, premiums for the plan are payable for a short period of time.
  • While coverage lasts for 25 years, premiums are due for 15 years.
  • The plan declares bonuses for the plans.
  • Guaranteed monthly income begins to accrue in the eleventh year and lasts for 15 years. The policyholder may use this revenue to offset future premiums.
  • The reversionary bonuses and any final bonuses are paid when the plan matures.

Smart Stage Money Back Plan

It is a traditional money-back plan that guarantees consistent payouts at set times. The following are the plan's features and advantages:

  • Under the Limited Pay option of premium payment, premiums for an investment policy are only due for a short time.
  • The plan includes bonus accruals that share in the insurer's earnings.
  • In the fourth, eighth, and twelfth policy years, guaranteed survival payments are given at 15% of the Sum Assured.
  • At maturity, 55% of the Sum Assured will be payable, which also includes any Final Bonus and any reversionary bonuses.
  • Premium payments are exempt under Section 80C, while claims received are exempt under Section 10(10D).

Smart Vriddhi Plan

It is a traditional savings and life insurance plan. The key features and benefits of this plan are as follows:

  • Under the Limited Pay option of premium payment, premiums are only paid for a certain time period.
  • At maturity, the maturity benefit equals 137.5% of the total premiums paid.
  • If the insured passes away while the plan is in effect, the death benefit payable will be the greater of the Sum Assured, which is calculated by multiplying the yearly premium by the Sum Assured multiple, the maturity Sum Assured, or 105% of premiums paid up until death.
  • There is a built-in accidental benefit rider that provides a higher sum assured in the event of unavoidable death.
  • There are no required medical exams for the plan.

Smart Future Income Plan

It is a savings plan that offers assured incomes. The following are the plan's features and advantages:

  • Under the Limited Pay option of premium payment, the plan's premiums are only payable for a specific period of time.
  • Through receiving bonuses, Canara HSBC investment plans policyholders' shares in the company's profits.
  • Over the past 15 years, guaranteed monthly salaries have increased.
  • The reversionary bonuses and any final bonuses are payable upon maturity.

Money Back Advantage Plan

It is an individual, non-linked savings and protection life insurance plan. This investment plan provides a guaranteed payout, including earned bonuses, to the policyholders at maturity.

  • Limited premium payment term of 10 years.
  • Guaranteed money-back payouts are paid at the end of the 5th, 9th, and 13th policy years.
  • 55% of the sum assured, including the simple reversionary bonus and terminal bonus, is paid in a lump sum at maturity.
  • Get rebates on high-sum assured investment plans.
  • Avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Process To Buy Canara HSBC Investment Plans

The policyholders can purchase Canara HSBC investment plans online from the comfort of their homes. All you need is a stable internet connection and a smartphone to buy the plans online. Here’s a step-by-step guide to buying investment schemes offered by Canara HSBC Life Insurance.

Documents Required To Buy Canara HSBC Investment Plans

  • Address proof
  • Income proof
  • Age proof
  • Identity proof
  • Any other specific document asked by an insurance company

Steps You Need To Follow To Buy Canara HSBC Investment Plans

  • Visit the official website of Canara HSBC Life Insurance.
  • Hit the “Investment Plans” tab.
  • Provide all the necessary information, such as name, gender, age, and others.
  • Select the investment plan as per your individual financial needs.
  • Submit all the necessary documents.
  • Pay a premium online.
  • Canara HSBC policy document will be shared with your registered email address.

About Canara HSBC Insurance Company

The key highlights of Canara HSBC Life Insurance are highlighted in the table below:

Parameters

Details

Established in

2008

Headquarters of the company

Gurgaon

Official website

www.canarahsbclife.com

Helpline number

1800 258 5899

Helpline email-id

customerservice@canarahsbclife.in

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