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Smart Goals Plan with its flexible features has been designed to help you plan your financial requirements so that you have the means to fund your goals, with no compromises.
CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE SMART GOALS PLAN
Your future is defined by your goals for yourself and your loved ones. You would like to ensure that nothing comes in the way of achieving these goals - buying the perfect house for your family or enrolling your child in a college abroad. Whatever be your goal, you would not want to compromise financially for any of these important milestones in your life.
Our Smart Goals Plan with its flexible features has been designed to help you plan your financial requirements so that you have the means to fund your goals, with no compromises.
OUR SMART GOALS PLAN AT A GLANCE
Life Cover: You can choose your Life Cover based on your protection needs. You have the option of increasing or decreasing your Sum Assured to match your requirements during the Policy Term.
You can customize the plan to suit your needs by taking advantage of a range of flexibilities:
1. Investment Funds: You can invest in up to seven fund options - ranging from 0% to 100% equity exposure, to match your appetite towards investment risks and returns.
2. Auto Funds Rebalancing: You can maintain allocation of your investments in a specific proportion across funds, irrespective of market movements.
3. Safety Switch Option: You have the option to switch your money to low risk fund as your policy nears maturity.
4. Switching and Redirection: You have the option of switching and redirection between the fund options to take advantage of market movements or change in risk preference.
5. Premium Payment Term: You can choose a Premium Paying Term (5, 10 years or more upto 25 years) to suit your earning capacity.
6. Premium Paying Mode: You have the flexibility to choose annual or monthly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during the policy term.
1. Loyalty Additions: You can benefit from loyalty additions paid during the policy term by way of additional allocation of units to boost your investments.
2. Liquidity: You can choose to take partial withdrawals to help you meet unplanned contingencies.
3. Tax benefits: You may be entitled for tax benefits under Section 80C and Section 10(10D), as per the Income Tax Act, 1961.
