Canara HSBC OBC POS- Easy Bima Plan (Offline)

• The hassle-free purchase method is simple, with minimum specifications and no medical tests.
• Double life coverlet double life cover in the state of accidental unfortunate demise.
• Return of the sum premiums Paid Total Premiums Paid (total of all the bonuses held, excluding any taxes and rider premiums) is the return on upon survival till the maturity date
• Premium payment term options to opt for flexible premium payment and policy term to suit your necessities.
• Tax benefits Avail tax privilege on the premium paid and benefit received U/S 80C and 10(10D), as per the Income Tax Act in 1961 as amended from time to time.

Death Benefit Payable (other than accidental death)

During this waiting period, that is 90 days from the date of initiation: Return of the Total Premiums Paid. After the finish date of a waiting period of 90 days from the date of introduction: 100% of Death Benefit Sum Assured. On payment of above Demise Benefit, the policy shall Eliminate, and no further services shall be payable.

Death Benefit Payable (accidental death)

Accidental Death Benefit Sum Assured in support of the Death Benefit Sum Assured. The waiting period of 90 days from the date of risk commencement is not applicable in case of accidental death.

On payment of the above Death services, the policy shall terminate, and no further benefits shall be payable.

Note: The Accidental Death Benefit Sum Assured is the same or equal to Death Benefit Sum Assured.

For more details on death and accidental benefits, refers to the terms and conditions under this plan.

Return of Premium on date of maturity

On survival till maturity, the return of the Total Premiums Paid shall be payable, provided the policy is in force.

Step 1: Choose your Sum Assured

Choose your Death Benefit Sum Ensured enough on the basis of your life cover needs to ensure that your monetary needs are met (Chosen Sum Assured ought to be in multiples of Rs. 50,000).

Step 2: Choose your premium payment term and Policy Term

This plan extends a flexible incentive payment term and policy term options to suit your requirements.

Note: The premium amount will be estimated footing of your age at entry, the sum assured, policy term, premium payment term, premium payment regularity, and gender.

Case study

Mr. Vikram Singh, aged 40, wants to take care of his family's financial needs in case he is no longer around to take care of them. Therefore, Mr. Das decides to opt for the Canara HSBC Oriental Bank of Commerce Life Insurance POS Easy Bima Plan for a Sum Assured of Rs 3 Lacs.

The below scenario illustrates the benefits, which are payable under three different policy term options available under this plan. He can choose the option which is best aligned to his protection requirements.

An insurer can avail Tax Benefits on the premium payment with current appropriate requirements of section 80C of income tax Act, 1961.