Canara HSBC Oriental Bank of Commerce Life Insurance offers a range of investment plans designed to cater to diverse financial goals. These plans aim to provide you with comprehensive coverage while maximizing potential returns through strategic investment opportunities.
Canara HSBC Investment Plans are a variety of financial products offered by Canara HSBC Life Insurance, a joint venture between Canara Bank, a leading public sector bank in India, and HSBC Holdings plc, a British multinational investment bank and financial services holding company. Canara HSBC investment plans are designed to help you achieve your financial goals, such as saving for retirement, a child's education, or a down payment on a home.
Market-linked: Investment fluctuates with the market (riskier, potentially higher returns).
Traditional: Offers guaranteed returns (lower risk, lower returns).
Canara HSBC offers the following type of investment options to cater to your different financial goals. Let us learn about them in the next sections.
Canara HSBC Market-Linked Plans | Entry Age | Maturity Age | Policy Term | Minimum Sum Assured |
Canara HSBC Promise4Growth | 0 – 65 years | 18 – 80 years | 10 – 30 years | 10 X Annualised Premium |
Canara HSBC Alpha Wealth | 0 – 70 years | 18 – 80 years | 10 – 30 years | 1.25 or 7 X Annualised Premium |
Canara HSBC Wealth Edge Plan | 0 – 70 years | 18 – 80 years | 10 – 30 years | 1.25 or 7 X Annualised Premium |
Canara HSBC Invest 4G | 0 – 65 years | 18 – 80 years | 5 – 30 years | 1.25 or 10 X Annualised Premium |
Canara HSBC Insure Smart Plan | 18 – 51 years | 28 – 70 years | 10/ 15/ 20/ 25 years | 7 or 10 X Annualised Premium |
Canara HSBC Smart Future Plan | 18 – 51 years | 28 – 70 years | 10/ 15/ 20/ 25 years | 7 or 10 X Annualised Premium |
Canara HSBC Smart Goals Plan | 8 – 70 years | 18 – 80 years | 10 years | 7 or 10 X Annualised Premium |
Canara HSBC Smart Lifelong Plan | 7 – 65 years | 99 years | Up to 99 years | 7 – 10 X Annualised Premium |
Canara HSBC Secure Bhavishya Plan | 25 – 70 years | 40 – 80 years | 80 years minus Entry Age | 105% of Premiums Paid |
Details of Canara HSBC Market-Linked Insurance Plans
Canara HSBC Promise4Growth is a flexible Unit Linked Insurance Plan (ULIP) that combines life insurance protection with the potential for customized investment growth, giving you control over your financial goals and security.
Provides comprehensive life cover for your family's financial security throughout the policy term.
Choose from 'Promise4Wealth', 'Promise4Care', or 'Promise4Life' based on your life stage and financial objectives.
Enjoy features like Return of Mortality Charges (RoMC) and Premium Funding Benefit to enhance your investment returns.
Access Loyalty Additions and Wealth Boosters to periodically increase your policy's benefits.
Customize your investment strategy with nine funds and flexible premium payment and policy term options, all available conveniently online.
Canara HSBC Life Insurance Alpha Wealth is a ULIP (Unit Linked Insurance Plan) designed to be your partner in achieving life goals. It offers investment growth potential alongside life cover, ensuring your financial security and protecting your loved ones, all in one plan.
Choose from 'Alpha Invest Plus', 'Alpha Premium Plus', or 'Alpha Life Plus' plans based on your life stage and financial goals.
Earn Loyalty Additions and Wealth Boosters that refund all mortality charges deducted during the policy term upon maturity.
Utilize Systematic Withdrawal Option (SWO) or Milestone Withdrawal Option (MWO) for systematic fund withdrawals to meet financial needs.
Optimize investments with strategies like Systematic Transfer Option (STO), Return Protector Option (RPO), Auto Funds Rebalancing Option (AFR), Safety Switch Option (SSO), and Loss Protector Strategy (LPS).
Customize premium payments and policy terms to adapt to changing financial circumstances, potentially gaining tax benefits under Section 80C and 10(10D) of the Income Tax Act.
Canara HSBC Life Insurance Wealth Edge is a ULIP (Unit Linked Insurance Plan) that prioritizes your goals. It combines life insurance protection with the potential for investment growth, helping you achieve your aspirations while safeguarding your family's future.
Ensure comprehensive Life Insurance Protection throughout the policy term for your family's security.
Choose from 'Invest Plus', 'Premium Plus', or 'Life Plus' plans tailored to different life stages.
Optimize investments with multiple strategy options:
Systematic Transfer Option (STO) for systematic equity investments,
Return Protector Option (RPO) to safeguard returns,
Auto Funds Rebalancing Option (AFR) for maintaining fund allocation,
Safety Switch Option (SSO) for automated asset allocation,
Loss Protector Strategy (LPS) to minimize losses during market downturns.
Earn Loyalty Additions and Wealth Boosters by staying invested longer.
Enjoy flexibility with premium payment options and potential tax benefits under Section 80C and 10(10D) based on premiums paid and benefits received.
Canara HSBC Invest 4G is a flexible, non-participating ULIP offering customized investment and insurance options. It allows you to manage your savings and insurance needs.
Choose from 'Life Option', 'Care Option', or 'Century Option' for tailored life insurance coverage at different life stages.
Maximize savings with low charges and have Return of Mortality Charges (RoMC) added back to the Fund Value at maturity.
Ensure savings contributions continue even in your absence with the Premium Funding Benefit.
Earn Loyalty Additions every 5th policy year starting from the 5th year and Wealth Boosters starting from the 10th year.
Select from 8 diverse funds, utilize multiple portfolio management options, and access funds with Systematic and Milestone Withdrawal Options while enjoying flexible premium payment options.
Canara HSBC Insure Smart Plan is a Unit Linked Insurance Plan (ULIP) offered by Canara HSBC Life Insurance. It combines life insurance coverage with investment potential, allowing you to grow your wealth while being protected.
At policy maturity, you receive the Fund Value plus Loyalty Additions.
If you pass away, your nominee receives the higher of the Fund Value or the Sum Assured minus any partial withdrawals.
Loyalty Additions are provided starting from the fifteenth policy year.
You can choose from five Unit Linked Funds based on their risk preference.
Tax benefits apply to premiums paid and the Death Benefit under sections 80(C) and 10 (10D) of the Income Tax Act.
Canara HSBC's Smart Future Plan safeguards your family's finances. In case of your death or disability, it provides a lump sum payout, waives future premiums (optional), and delivers the accumulated investment value at maturity, ensuring the financial security of your loved ones.
Customize your Sum Assured and invest in up to seven fund options with 0% to 100% equity exposure to match your risk preferences.
Use Auto Funds Rebalancing to maintain specific investment allocations and the Safety Switch Option for low-risk funds as maturity nears.
Switch and redirect between funds to adjust to market changes or risk preferences.
Choose flexible policy terms (10/15/20/25 years) and premium payment terms, with the option to pay annually or monthly.
Enjoy liquidity through partial withdrawals and potential tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
Canara HSBC Smart Goals Plan offers flexible features to help you achieve your financial goals. It allows you to customize your savings plan to fit your needs and ensure you have the resources to reach your aspirations.
Customize your Life Cover by adjusting the Sum Assured during the policy term.
Invest in up to seven funds with 0% to 100% equity exposure; use Auto Funds Rebalancing and Safety Switch Option.
Switch and redirect between fund options based on market changes or risk preferences.
Choose a Premium Payment Term (5 to 25 years) and flexible premium modes (annual or monthly).
Benefit from loyalty additions, partial withdrawals for liquidity, and tax benefits under Sections 80C and 10(10D).
Canara HSBC's Smart Lifelong Plan is a unit-linked insurance plan which is designed to be your lifelong partner. It helps you fulfill financial responsibilities and grow towards your aspirations.
Receive life coverage until age 99 with this plan.
Customize your policy with:
Choice of up to seven funds with varying equity exposure.
Auto Funds Rebalancing to maintain investment proportions.
Flexibility to switch between funds based on market changes or risk preferences.
Choose a premium paying term of 10 years or more.
Select annual or monthly premium payments, with the option to change during the policy term.
Benefit from loyalty additions that boost your investments.
Access liquidity through partial withdrawals for unexpected needs.
Gain potential tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
The Canara HSBC Secure Bhavishya Plan is a retirement plan offered by Canara HSBC Life Insurance. It is a Unit Linked Insurance Plan (ULIP), which means it combines insurance coverage with investment potential.
Guaranteed Maturity (Vesting) Benefit of 101% of premiums paid (including top-up premiums), contingent upon full premium payment.
Unlimited top-up options available to suit your retirement needs.
Customize vesting age and premium payment term according to your preferences.
Flexibility to opt for Annual or Monthly premium payment modes.
Loyalty Additions enhance your fund value every 5 years, beginning from the 10th policy year.
Canara HSBC Traditional Plans | Entry Age | Maturity Age | Policy Term | Minimum Sum Assured |
Canara HSBC Guaranteed Future Plus | 0 – 65 years | 18 – 99 years | 10/ 12/ 14/ 15/ 20 years | ₹2.2 lakhs |
Canara HSBC iSelect Guaranteed Future | 0 – 65 years | 18 – 80 years | 10/ 12/ 14/ 15/ 20 years | ₹2.2 lakhs |
Canara HSBC Guaranteed Savings Plan | 0 – 60 years | 18 – 75 years | 10/ 12/ 15/ 20 years | ₹76,500 |
Canara HSBC Guaranteed Assured Income | 0 – 60 years | 18 – 99 years | 10 – 15 years | 7 or 11 X Annualised Premium |
Canara HSBC Flexi Edge | 0 – 60 years | 18 – 75 years | 12 – 40 years | 105% of Premiums Paid OR 11 X Annualised Premium |
Canara HSBC Income4Life Plan | 3 – 60 years | 18 – 75 years | 6 – 10 years | 105% of Premiums Paid OR 11 X Annualised Premium |
Canara HSBC Jeevan Nivesh Plan | 18 – 55 years | Up to 80 years | 15/ 20/ 25/ 30 years | ₹3 lakhs |
Canara HSBC Money Back Advantage Plan | 8 – 55 years | Up to 71 years | 16 years | ₹1 lakhs |
Canara HSBC Guaranteed Income Advantage Plan | 3 – 60 years | 18 – 75 years | 12/ 15 years | Depends on Entry age, Policy term, Minimum Annualised Premium, and Premium Payment Term |
Canara HSBC Smart Junior Plan | 18 – 50 years | Up to 70 years | 12 – 25 years | ₹3 lakhs |
Canara HSBC Smart Guaranteed Pension Plan | 30 – 80 years | Deferment: PPT + 3/ 5 years | Whole life | 105% of Premiums Paid |
Details of Canara HSBC Traditional Savings Plans
Canara HSBC's iSelect Guaranteed Future Plus is a savings plan with guaranteed benefits. It combines life insurance with guaranteed maturity payouts to achieve your financial goals and provide peace of mind, with optional benefits for extra protection.
Ensure financial security and stability with comprehensive life cover.
Enjoy 100% guaranteed benefits for savings toward your dreams and goals.
Get the assurance of Return of Total Premiums Paid at maturity.
Choose from optional benefits to enhance your coverage as needed.
Canara HSBC's iSelect Guaranteed Future is a life insurance plan that helps protect your family with a payout if something happens to you and also save for your goals by guaranteeing you'll get money at the end. This plan gives you peace of mind, knowing your family is secure and you are on track to reach your dreams.
Guaranteed Maturity Benefit: Secure your financial dreams and goals with a guaranteed benefit at maturity.
Boost Your Maturity Benefit: Ensure your family's future security even if you are unable to pay premiums in the future.
Flexible Premium Payment: Choose to pay premiums over 5, 7, or 10 years, aligned with your financial goals.
Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
Canara HSBC Guaranteed Savings Plan is your financial safety net. It guarantees you money at maturity if you keep paying your premiums, and provides life insurance for your family. This investment plan is great for guaranteed savings and peace of mind.
Receive Guaranteed Sum Assured at Maturity along with Guaranteed Additions upon full premium payment.
Benefit from High Premium Boosters to enhance benefits with higher premium commitments.
Choose flexible premium payment terms and multiple policy durations.
Opt for Premium Protection to waive future premiums in case of death, while maintaining policy benefits.
Double Sum Assured on Accidental Death provides enhanced protection.
Canara HSBC's Guaranteed Assured Income plan safeguards your family with life insurance coverage in case of your passing and also functions as a long-term savings option. You will receive a guaranteed income stream after a chosen period, and even have the flexibility to get your paid premiums back at the end.
Ensure financial protection for your family with guaranteed policy benefits from the start.
Receive Assured Income after the Premium Payment Term & Deferment Period to cover recurring expenses.
Choose flexible income payment frequencies—annual, semi-annual, quarterly, or monthly.
Benefit from additional Loyalty Income alongside the Assured Income stream.
Optionally increase Assured Income annually by 5% with the Step Up Income benefit.
Canara HSBC Flexi Edge (Flexi Savings) is a flexible life insurance plan that adapts to your changing needs. This plan allows you to save for your goals, big or small, while ensuring your family's financial security. It offers bonuses and guaranteed extras to grow your savings over time.
Designed as an ideal savings instrument to meet targeted savings milestones.
Guarantees 125% of the Guaranteed Sum Assured upon maturity.
Offers convenience with multiple options to tailor the policy according to different life stages.
Includes bonuses, if applicable, to increase policy benefits.
Provides the option to select premium protection for added security.
Canara HSBC Guaranteed Income4Life is a unique life insurance plan that combines guaranteed benefits with regular income. It caters to both your short-term and long-term financial goals. This highly customizable plan offers flexibility to fit your life stages, allowing you to secure your loved ones' future, plan for your child's education, or even achieve early retirement.
This plan guarantees payouts upon maturity or in case of death, ensuring financial security.
Choose a flexible income stream to meet short or long-term financial needs.
Customize the plan with options for income period, payment frequency, and joint-life coverage.
Flexible premium payment options include lump sum, limited payments, or ongoing throughout the policy term.
Benefits are guaranteed by the insurer, not tied to market performance.
The Canara HSBC Jeevan Nivesh Plan is a savings-cum-protection life insurance policy, which combines life insurance coverage with a savings component. It aims to provide financial security for your loved ones in case of your death and a lump sum payout at maturity for your future goals.
Guaranteed lump-sum payout of Sum Assured at maturity ensures financial security.
Lifelong life insurance coverage available with the Endowment with Whole Life Cover option.
Option to convert Guaranteed Sum Assured into annual payouts over 15 years with a 5% compounded increase (Endowment option).
Flexible Policy Term options to suit diverse financial goals.
Choose from flexible Premium Payment Terms aligned with your savings timeline.
Canara HSBC Life Insurance offers Jeevan Nivesh for guaranteed benefits and optional lifelong coverage, while Money Back Advantage prioritizes regular payouts for life goals and a lump sum at maturity - ideal for those seeking both protection and milestone funding.
Provides 16 years of family protection with a death benefit payout upon the insured's demise.
Offers a convenient 10-year limited payment term to suit financial preferences.
Guarantees three Money Back payouts of 15% of the Sum Assured at the end of the 5th, 9th, and 13th policy years if the insured survives.
Guarantees a lump sum payout at maturity equivalent to 55% of the Sum Assured, plus accrued bonuses.
Provides premium rebates for opting for a higher Sum Assured and qualifies for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
Canara HSBC Guaranteed Income Advantage Plan offers regular payouts after the premium period and life insurance coverage, providing a safety net and predictable income stream for your future.
Provides life cover for the entire policy term with premium payments required only for a limited period.
Guarantees Annual Income payments after the premium payment term until maturity, contingent upon all premiums being paid.
Ensures a Guaranteed Maturity Benefit, provided all premiums are paid, ensuring financial security at policy maturity.
Offers a High Premium Booster to increase benefits for those making higher premium commitments.
Qualifies for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961, subject to applicable amendments.
Canara HSBC Smart Junior Plan is a child education insurance plan designed to secure your child's future educational needs. It combines guaranteed payouts during their educational years with potential bonuses and a final maturity benefit, all while providing life insurance protection for you.
Provides triple protection: lump sum life insurance payout on death, waived premiums, and guaranteed annual payouts for child's education.
Guarantees annual payouts aligned with your child's educational milestones.
Accumulates education funds steadily with regular Annual bonuses and potential Final bonus at maturity.
Rewards higher premium commitments with a high sum assured rebate.
Eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961, subject to amendments.
The Canara HSBC Smart Guaranteed Pension Plan is an annuity plan offered by Canara HSBC Life Insurance. It is designed to provide you with a guaranteed income stream after retirement.
Secure guaranteed lifelong income with a locked-in annuity rate.
Choose from multiple annuity options tailored to your needs.
Flexible Premium Payment Term options available.
Receive annuity payouts annually, half-yearly, quarterly, or monthly.
Option to defer annuity payments with terms matching your Premium Payment Term.
Visit the Policybazaar website or mobile app and click on the Investment section.
Select the option “Investment Plans with High Return” and fill in the required basic information.
Navigate to the Canara HSBC investment plans section.
Choose the plan that fits your financial goals and preferences.
Fill out the application form with your personal and financial details.
Submit the form and follow any additional instructions from Policybazaar or Canara HSBC for verification and processing.
Canara HSBC Oriental Bank of Commerce Life Insurance offers a range of investment plans tailored to meet diverse financial goals. With a commitment to customer satisfaction and financial security, these plans provide a reliable avenue for wealth creation and protection, ensuring peace of mind for investors.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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