Other Plans
Smart Monthly Income Plan (Traditional Plan)
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
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:
fjrigjwwe9r3SDPrivInsuProd: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:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
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 |