iSelect Guaranteed Future Canara HSBC OBC Life Insurance

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The iSelect Guaranteed Future is a guaranteed savings plan available with life cover along with the feature of Payor Premium add-on coverage. This is a non-linked, non-participating Individual savings life insurance plan which ensures that your family members do not have to compromise on their dreams and aspirations even if you are not around to take care of them.

Highlights of iSelect Guaranteed Future by Canara HSBC OBC Life

check-star Claim settlement Ratio - 99.23%
check-star Tax Benefits - Available as per prevailing tax laws
check-star Critical Illness Coverage - No
check-star Accidental death benefit - Available
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Pros & Cons iSelect Guaranteed Future Canara HSBC OBC Life Insurance

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The iSelect Guaranteed Future life insurance policy is a savings plus protection plan that allows the insured to select from the various plan options as per their income
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The plans variants are namely; iAchieve and Flexi iAchieve, iAssure and Flexi iAssure, and Easy iAchieve
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This guaranteed return plan is best for the financial security of your family as it allows assured savings for your family to fulfil their dreams and goals
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The Policyholder under this plan can avail loan facility against the amount deposited
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The iSelect Guaranteed Future plan also offers tax benefits under the Income Tax Act of 1961
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The death benefit offered under the iSelect Guaranteed Future plan is subject to suicide exclusion.
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Hence, if the death of the policyholder takes place due to suicide within the first 12 months of the policy purchase, the nominee will receive 80% of premiums paid till the time of death.
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Also, the same will apply in case of policy revival date. So, if the insured commits suicide within one year of policy revival, the death benefit received by the nominee would be 80% of total premiums paid till death
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However, if the respective surrender value till death is higher than the 80% of total premiums paid, the nominee of the policyholder would receive surrender value under the plan
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Canara HSBC OBC Life
Insurance Company

Canara HSBC OBC Life Insurance Company is an amalgam of Canara Bank, Punjab National Bank, and HSBC Insurance (Asia-Pacific) Holdings Limited. Each of these three companies holds a stake of 51%, 23%, and 26% respectively. While Canara Bank and Punjab National Bank are both domestic financial institutions, HSBC Insurance provides its global touch and expertise making the company a strong contender in the life insurance segment.

Canara HSBC OBC Life Insurance Company was established in the year 2008 and ever since then the company has been offering different types of life insurance solutions to its customers. Whether you want to invest in a term plan or opt for ULIPs for market-linked returns, Canara HSBC OBC Life offers these and other plans for your coverage needs.

Founded in
2008
Number of Policies
6+ Lakh
Turnover (GWP)
Rs. 6,150 crore
JV Partners
Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited and Punjab National Bank (PNB)

Claims Experience

Claims Experience Rating 4.7
check-star % of claims settled in less than 30 days
Reflects on the speed of settling valid claims
97.62%
check-star Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
99.23%
check-star Partner Bank Branches
10,000+

Benefits iSelect Guaranteed Future Canara HSBC OBC Life Insurance

Key Benefits
Tax benefit
Available as per prevailing tax laws.
Plan options Benefits:
Plan options
Life assured, tenures and premiums
Guaranteed maturity option
At the end of the policy term.
Life Benefit:
Life cover
Throughout the policy term
Payor premium protection cover
Premiums are waived off

Sahi Advice,
Sahi Insurance

If you have any questions on how to choose the best insurance plan, you can connect with our IRDAI certified insurance advisors.

1800 267 67 67 from 10 AM to 7 PM
[email protected]
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There are 3 plan options available with this product namely: ~ Life Protect Option ~ Life & CI Rebalance Option ~ Income Plus Option
There are 36 critical illnesses covered under this plan.
No, plan option that is chosen once while buying the policy cannot be changed throughout the term of the policy.
Single, annual, half-yearly, quarterly and monthly frequencies are available under this plan for paying premium.

Disclaimer

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.