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Finance your future today, to make sure you enjoy life tomorrow. Our retirement solutions have been created to ensure that you lead your life tension free.
CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE SECURE BHAVISHYA PLAN
In today's active working life, you do your best for your loved ones but at the same time you also need to plan for your own future. Investing in a pension plan is a wise decision, in order to build-up a retirement corpus that can be used to provide a steady post retirement income. Presenting Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan, a product that provides the benefit of equity participation to potentially enhance your retirement corpus, and at the same time offers 'capital protection' to your retirement corpus.
KEY FEATURES OF THE PLAN
1. Guaranteed Vesting Benefit of 101% of premiums paid (including top-up premiums, if any), provided all due premiums are paid
2. Unlimited top-ups can be paid depending upon your retirement needs
3. Option to choose Vesting age and premium payment term as per your requirements
4. Flexibility to choose Annual or Monthly premium payment modes
5. Loyalty Additions to boost your fund value after every 5 years, starting from 10th policy year
6. Partial Withdrawals to provide you flexibility in case of financial emergency
HOW DOES YOUR SECURE BHAVISHYA PLAN WORK?
Step 1: Choose your Vesting age (retirement age)
1. Choose any Vesting age between 40 to 80 years, subject to minimum policy term of 10 years and maximum policy term of 35 years (for Regular/Limited pay) or 30 years (for single pay)
2. If the policy is sourced under QROPS (Qualifying Recognized Overseas Pension Scheme), the Age of the Life Assured on the Vesting date should be between 55 (Fifty Five) years and 75 (Seventy Five) as per the prevailing Her Majesty Revenue & Customs (HMRC) requirements
Step 2: Choose your premium payment term
1. Choose any premium payment term from 5 years up to the Vesting age
2. You can also choose single premium option in this plan
3. For policy sourced under QROPS, only Single pay option is available
Step 3: Choose the premium payment mode and amount
1. Choose the premium payment mode as Annual or Monthly, depending upon your needs
2. Choose the premium amount you want to invest for the chosen premium payment term
3. For policy sourced under QROPS, only Single pay option is available
