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Product Information
Other Plans Smart Monthly Income Plan (Traditional Plan)
Synopsis:
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Canara HSBC Oriental Bank of Commerce Life Insurance Smart Monthly Income Plan that will help you plan well as you move towards the golden years of life.

Highlights:

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  • Get tax free# Guaranteed Monthly Income for 15 years to realise your dreams.
  • Accumulate Lump Sum money through Annual and Final bonuses to create a pool of money for your loved ones.
  • Create a Legacy for your loved ones with Life Cover for 25 years.
  • Enhance your Lifestyle through Guaranteed Income and Bonuses.
  • Opt for loan flexibility to meet your contingent needs.
  • Enjoy convenient Premium Payment by adjusting premiums payable with income to be received in year 11-15
Eligibility:
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Parameter Description
Entry Age 18 - 55 years
Maturity Age 43 - 80 years
Policy Term (Fixed) 25 years
Premium Payment Term 15 years
Premium Mode & Modal Factors Annual and Monthly
Monthly mode will be available only with SI/ECS option. For Monthly mode, the Annual premium needs to be multiplied with a factor of 0.09 to arrive at the monthly premium payable.
Min. Monthly Income/ Min. Premium Min. Income is ` 2,000 per month (in multiples of ` 100 thereafter) Premium depends on the age, income and premium mode chosen.
Sum Assured 100 times the chosen monthly income
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