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29,85,556 is paid at the end of the 20th year. The maturity benefit in form of a lumpsum benefit equal to Rs.
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10,000 (excluding taxes), premium payment term 10 years and policy term 20 years through online sales channel. The maturity benefit is calculated for a 25 years old healthy male life who has opted for Canara HSBC Life Insurance iSelect Guaranteed Future with iAchieve plan option, monthly premium Rs. Please consult your independent tax advisor for details.ĥ. Goods & Services Tax will be charged on the premium amount. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Tax benefits/savings are subject to provisions under section 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. 1.5 lacs under Income Tax Act, 1961 and tax benefit may vary from assessee to assessee. 46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an individual assessee on life insurance premium of Rs. 51,84,468 which includes Guaranteed Sum Assured on Maturity, accrued Guaranteed Yearly Additions and Guaranteed Loyalty Addition. 2,10,000, (excluding taxes) premium payment term 10 years and policy term 20 years. Refer Sales Brochure for further details on Block Your Premium benefit.Ģ.Conditions Apply - Payable at end of the Policy Term, Provided all premiums are paid as and when due.ģ.The maturity benefit calculated for a 25 years old healthy male who has opted for Canara HSBC Life Insurance Guaranteed Savings Plan with Guaranteed Savings Option through insurer’s website, annual premium Rs. Under Block Your Premium benefit, the premium rate of the base death benefit will get blocked for a period of 5 years during which Life Assured/Spouse can request for increase in benefit amount up to 100% of the Sum assured chosen at policy inception.
#HSBC CHEQUEBOOK LICENSE#
Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd) hereinafter referred to as "Insurer" is used under license with Canara Bank and HSBC Group Management Services Limited.ġ.Block Your Premium (BYP) is an optional in-built cover and can be opted with only Life Secure plan option. Put in a request for auto debit on your credit card Pay premium directly from the website of 33 banks
#HSBC CHEQUEBOOK CODE#
Pay by scanning the bar code from your banking app on our website / customer portal post selecting UPI option. The banking application should be compatible with Bharat QR code. Scan the Bharat QR Code to pay directly from your banking app. Choose your Credit Card (Visa/ Master) (Available with the banks we have tie-ups with) Select your preferred wallet to pay the premium (Paytm,ITZ card, OLA money, JIO money, Oxigen wallet, Airtel money payment wallet etc.)Ĭonvert the premium into EMIs on our website/ customer portal.
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Credit Card (Visa/ Master/ Diner Club International/ American Express/ Rupay), Debit Card (Visa/ Master/ Maestro/ RuPay) / Debit Card+ PIN (Available with the banks we have tie-ups with)Īvailable with the banks we have tie-ups with