POS - Easy Bima Plan

POS - Easy Bima Plan

About POS - Easy Bima Plan

Canara HSBC Oriental Bank of Commerce Life Insurance POS - Easy Bima Plan is a pure term life insurance plan with return of premium on date of maturity. It is specially designed to provide an affordable and hassle free protection, to take care of the needs of your loved ones.

Why Buy

1. Hassle free
The purchase process is simple with minimum requirements and no medical tests.
2. Double life cover
Get double life cover in case of accidental death.
3. Return of the total premiums Paid
Total Premiums Paid (total of all the premiums received, excluding any taxes and rider premiums) is return on upon survival till maturity
4. Premium payment term options
Choice of flexible premium payment and policy term to suit your requirements.
5. Tax benefits
Avail tax benefit on premium paid and benefit received under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time.

Benefits



Tax Benefits#
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961.

#Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor

How it works





Age Criteria



Premium Payment & Policy Term

5 pay with 10 years policy term

10 pay with 15 years policy term

10 pay with 20 years policy term

Sum Assured

Minimum Sum Assured : 50,000

Maximum Sum Assured: 15,00,000

Annual Premium



Premium Payment Mode and Modal Factors

Annual & Monthly mode

Annual premium needs to be multiplied with a factor of 0.10 to arrive at the monthly installment premium payable.