Canara HSBC Money Back Plan Review
Canara HSBC Money Back Plan is the a traditional insurance policy from Canara HSBC OBC. This Money Back policy is an Endowment Saving Plan offered by Canara HSBC OBC Life Insurance Co Ltd. Smart Stage Money Back Plan is designed to give something in return to the policyholder. Under Canara HSBC Smart Stage Money Back Plan the insurer will provide monetary benefits after a certain period of the policy being in effect. The money comes back to the Life Insured after a regular interval of time as Survival Benefit. Canara HSBC OBC Money Back Plan provides the financial support for your family if the policyholder meet an unexpected event. The Money Back policy offered by Canara HSBC has a Limited payment term of 11 years with Annual and Monthly option. The Life Assured can pay Canara HSBC Money Back Plan premium by using Canara HSBC Insurance online payment. The Policyholder can calculate premium by using Canara HSBC Premium Calculator.
Why we choose Canara HSBC OBC Money Back Policy?
During your life, there are several needs and events for which you need to plan and be financially ready. These milestones may relate to your Money Back’s education or your family protection or purchasing a new home or your aspirational needs such as vacation. The best way to take care of these needs is the plan for them in advance. Canara HSBC Smart Stage Money Back Plan provides financial protection to your family by offering life cover and the helps you be prepared for the life’s important milestones by guaranteed money backs.
Reasons to Buy Canara HSBC Oriental Bank of Commerce Money Back Plan
- Life Insurance Cover for 15 years.
- Guaranteed Money Back payouts of 15% of Sum Assured in the 4th, 8th and 12th policy years.
- In the 15th policy, year insured will receive, a lump-sum of Annual Bonus and Final Bonus.
- Limited payment term of 11 years.
Canara HSBC Smart Stage Money Back Plan Details
Canara HSBC Smart Stage Money Back Plan is a traditional savings oriented life insurance money-back with-profit plan. Whether it your Children’s education or your family Protection even in your absence, Canara HSBC Money Back plan helps you by providing Guaranteed Money Back payouts at regular intervals and lump-sum maturity benefit.
Canara HSBC Money Back Plan Benefits
- Life Cover Benefit
- The Minimum Sum assured on Smart Stage Money Back Plan is Rs. 1,00,000.
Death Benefit
- Death Benefit = Death Benefit Sum Assured + Added annual bonus + final bonus(if any).
- In case Insured meet an unfortunate event during the policy term, Canara HSBC OBC will pay the highest of the chosen Sum Assured.
- Death Sum Assured is Ten times the annualized premium.
- The Death Benefit shall be payable on the death of the life assured irrespective of the Monthly Back Benefit paid till date of death.
Survival Benefits
- Guaranteed Money Back payouts at the end of the 4th, 8th and 12th policy year.
- The Guaranteed Money Back is 15 % of the Total Sum Assured.
Maturity Benefit
- If Life assured survival till maturity, Insured would get 55% of Sum Assured at the end of the Policy Term.
Tax Benefit
- The Life Assured can avail tax benefits under Section 80C & Section 10 (10D) of Income Tax Act, 1961. For more Information refer www.taxqueries.in
Canara HSBC OBC Smart Stage Money Back Plan Key Features
- High Sum Assured Rebate on Premium.
- Annual and final Bonus received as lump-sum in the 15 policy year.
- Option to choose Limited payment term of 11 years with Annual and Monthly.
- 15 years Life Insurance Cover.
- Three Guaranteed Money Back payouts of 15% of Sum Assured in the 4th, 8th, and 12th policy year.
- Tax-Free Guaranteed Money Back payouts and maturity amounts.
Canara HSBC Money Back Policy Eligibility Criteria
The buyers who are willing to buy Canara HSBC Smart Stage Money Back Plan should know the eligibility criteria. These details are very useful to know the entry age, coverage term, Monthly Income and other features of Canara HSBC Money Back Plan. The following table provides brief details regarding the Canara HSBC OBC Life Insurance Money Back Plan.
Canara HSBC Smart Stage Money Back Plan at a Glance
| Entry Age Of Money Back Plan |
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| Maximum Maturity Age |
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| Policy Term |
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| Premium Payment Term |
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| Premium Payment Mode |
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| Sum Assured |
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For more details regarding Canara HSBC Money Back Plan, Refer the Canara HSBC Smart Stage Money Back Policy Brochure, Term & Conditions Document and Premium Rates available below.
Canara HSBC Money Back Policy Related Documents
Download Canara HSBC Money Back Plan Policy Brochure, Canara HSBC OBC Money Back Policy Premium Rates and Canara HSBC Oriental Bank of Commerce Money Back Policy Terms& Conditions.
Canara HSBC Money Back Policy Brochure
Canara HSBC OBC Money Back Policy Contract
Canara HSBC Money Back Policy Related Posts
Here, we are providing the related posts of the Canara HSBC Money Back Plan. Click the below links, if you want to know the details about the Canara HSBC OBC Money Back Insurance Login, Canara Life Money Back Online Payment, Canara Life Money Back Policy Status and Canara HSBC Life Money Back policy forms& Documents, and Canara HSBC OBC Life Insurance Recruitment.
Canara HSBC OBC Money Back Plans Online Payment
Canara HSBC Money Back Plan Forms and Documents
Canara HSBC Life Money Back Plans Premium Calculator
Canara HSBC Money Back Plans Login Portal
Canara HSBC Money Back Plan Policy Status