Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan :


• Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan (UIN: 136N045V02) is a pure protection plan that provides life insurance and terminal illness cover along with cover against accidental death/ disability, and the option to secure an income for your family even in your absence.
• It has the option to cover your spouse along with yourself in a single policy.
• The death benefit shall be paid as lumpsum or as lumpsum with monthly income.
•The monthly income shall be opted for a fixed term or till the end of the policy term.

Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan Eligibility Conditions :


Minimum

Maximum

Sum Assured (in Rs.) 25,00,000 -
Policy Term 5 40
Premium Paying Term Equal to Policy Term
Entry Age of Policyholder 18 70 for Life Assured
50 for Spouse
Maximum Age at Maturity 80
Payment modes Yearly and Monthly


Benefits of Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan :


Maturity Return – This being a term plan, no benefits are payable on maturity.
Death Benefit - In case of the unfortunate death the sum assured will be payable.
Income Tax Benefit – You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of Income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.
Loan on Policy - Not available.
Housing Loan Surity - Not available.