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Product Information
Protection Plans Smart Suraksha Plane
Synopsis:
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Canara HSBC Oriental Bank of Commerce Life Insurance Smart Suraksha Plan is a pure protection plan that provides life insurance cover along with the option to cover against accidental death/ disability. In an unpredictable life, our loved ones usually depend on us for their happiness and security; and we should do our best to ensure that their future is secure even in our absence.

Benefits:

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  • Death Benefit (as per plan option):
    1. Life Cover: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee.
    2. Accident Plus: In case of the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured.
    3. Disability Plus: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. In case the life insured suffers from accidental total and permanent disability, the sum assured under the policy will be paid to the life assured and the policy will terminate.
  • Maturity Benefits
    1. This being a term plan, no benefits are payable on maturity.
  • Other Benefits Rebates:
    1. On High Sum Assured: Sum Assured of Rs. 1 crore and above is eligible for a discount For women: For policies purchased by women, the premium would be set back by 3 years

Highlights:

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  • Get Life Insurance Cover at a low cost.Option to cover accidental death or/and total and permanent disability.
  • Reward for healthy lifestyle - lower premium rates for non-consumers of tobacco.
  • Rebate for higher sums assured.Rebate for women.
  • Tax benefits on premium payments