The premium calculated above is based on the data provided by you.
This is an individual non-linked, non-participating fixed benefit health insurance plan.
The above premium is for a healthy individual. Your application will be assessed as per Board approved underwriting guidelines of the company. Basis underwriting, it may result in an extra premium to be paid, which shall be borne by you.
Issuance of the policy and acceptance of the risk is completely at the discretion of the Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited ("Company") and this premium quotation would in no way be tantamount to acceptance of risk by the Company.
If Monthly Income Option is opted for, there is an additional benefit of 1% of initial Sum Assured payable every month for 5 years (i.e. 60 months) following the date of diagnosis of a Major Heart / Cancer condition / Major Critical illness (as applicable). This monthly income payment is over and above the lump-sum payment made on diagnosis of the illness/ condition, and is continued to be paid to your Nominee for the total defined period of 5 years, even in case of your unfortunate death.
Premiums payable and benefits receivable under this plan are eligible for tax benefits as per the prevailing tax laws subject to amendments from time to time.
The above illustration/quotation takes into account currently applicable Goods and Services Tax & applicable cess (es)/other levy, if any. However, the applicable taxes may change from time to time and premium payable will change accordingly.
For more details on product features, risk factors & terms and conditions, please read sales brochure or sample policy contract carefully before concluding a sale.
The mentioned quote is valid till next birthday or 30 days from the quote generation date whichever is earlier.
For any further clarifications, please free to contact us at 1800-103-0003 or email us at email@example.com or visit our website www.canarahsbclife.com
Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.
The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurgaon-122018, Haryana (India)
Website address, toll free number, email etc
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits under this plan 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.
Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.