Invest4G - ULIP Plan
In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN:136L064V02
You have dreams for yourself and your loved ones. You work hard & earn to accomplish these dreams and provide your loved ones a better future. In order to build a better life and realize your dreams, you always need to plan ahead. That's why you need a comprehensive solution that helps you achieve these dreams and can also be customized to match your needs while giving you peace of mind. Keeping this in mind, we have introduced our new plan "Canara HSBC Oriental Bank of Commerce Life Insurance Invest 4G" - A protection and savings oriented Unit Linked Insurance Plan which not only gives you choice to opt for protection suitable to you but also provides you opportunity to save for your dreams & life goals. Moreover, it adds back to your savings through Loyalty Additions & Wealth Boosters and also returns the Mortality Charges on policy maturity thereby maximizing your savings.
Three Plan options to choose from:
Invest 4G provides protection features through different benefit options to suit your needs. You can choose your benefit option as below and customize your plan
| Benefit Option | Protection against | |
| Death | Future Premium Funding after Death | |
| Life Option | Yes | -- |
| Life Option with PFB | Yes | Yes |
| Whole of Life Option | Yes | -- |
Product Parameters
Age Criteria
- Entry Age (Life Assured)
Life Option
Minimum
18 yearsMaximum
50 yearsLife Option with PFB
Minimum
18 yearsMaximum
50 yearsWhole of Life Option
Minimum
18 yearsMaximum
65 years - Max. Maturity Age
For Life Option:
Minimum
23 yearsMaximum
80 yearsFor Life Option with PFB:
Minimum
28 yearsMaximum
80 years
Policy Term
| Option | Premium Payment Option | Premium Payment Term (PPT) (in years) | Policy Term (PT) (in years) |
| Life Option | Limited Pay | 5,6,7,8,9,10,15,20,25 | 5 to 30 years (inclusive) |
| Regular Pay | Same as PT | 5 to 30 years (inclusive) | |
| Life Option with PFB | Limited Pay | 10,15,20,25 | 10 to 30 years (inclusive) |
| Regular Pay | Same as PT | 10 to 30 years (inclusive) | |
| Whole of Life Option | Limited Pay | 10,15,20,25,30 | 99-Age at entry |
| Regular Pay | Same as PT | 99-Age at entry |
Sum Assured
-
For ages below 45: 10 times the Annualized Premium or
0.5 * T * Annualised Premium#For ages 45 and above: 10 times the Annualized Premium or
0.25 * T * Annualised Premium#
Premium Payment Details
- Premium Amount & Premium Payment Modes
Mode Minimum Maximum Annual 50,000/- per annum No
LimitHalf Yearly 30,000/- semiannual Quarterly 15,000/- per quarter Monthly* 5,000/- per month
Our Invest 4G is a unit linked life insurance plan that offers multiple choices to invest your savings along with the benefit of a life insurance cover. With this plan you can create wealth for yourself to fulfill your dreams
- Choose between 7 different funds and 4 portfolio strategies to invest your money.
- Loyalty Additions & Wealth Boosters as additional allocation of units to boost your savings.
- Return of Mortality Charge on Maturity under Benefit Option 1 (Life Option).
- Flexibility of switching and redirection between the fund options to take advantage of market movements or change in risk preference
- Option for partial withdrawals to help you meet unplanned contingencies or meet changing needs of your family
In the unfortunate event of your demise while the Policy is in-force, your family will receive higher of:
- Sum Assured less applicable partial withdrawals, or
- Fund Value as on date of intimation of death claim
- 105% of all Premiums, paid up to the date of death.
This plan helps you remain at peace knowing that your family's immediate and future financial needs are taken care of even in case of your demise.
In the unfortunate event of your demise, higher of the following as lump sum will be paid immediately:
- Sum Assured or,
- 105% of all Premiums, paid up to the date of death. Plus
- All future Premiums are funded by the Company as and when due, and
- Fund Value is paid on maturity
On maturity, you will receive the Fund Value based on the prevailing NAVs. You also have the option to take Fund Value on maturity in periodic installments as per Settlement Option. (The details on Settlement Option is given below).
An amount equal to the total of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value at the maturity date, provided all due premiums have been received till the maturity date. This feature is only available under Benefit Option 1 (Life Option) and is not available under the other two Benefit Options.
This Plan gives you the flexibility to manage & control the savings in your own way. Here you can choose from a range of 7 Unit Linked Funds. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Debt Fund
- Liquid Fund
Alternatively, you may select one among following 4 different Portfolio Management Options to manage and build on wealth.
If you want to invest in equity oriented fund but worry about market volatility and risk associated with lump sum investment, then you can opt for STO which enables you to enter the equity market in a systematic manner. Through this option, your entire Premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis into any one of the Unit Linked Funds - Emerging Leaders Equity Fund or India Multi-Cap Equity Fund or Equity II Fund as chosen by you.
This option enables you to take advantage of the equity market by protecting your gains from the future equity market volatility. Through RPO, starting from the 2nd Policy Year onwards, your gains made from a equity fund basis your chosen 'Target Appreciation' are automatically transferred to a lower risk Debt Fund. This way, your gains are protected from further market volatility.
If you wish to maintain allocation of your investments in a specific proportion across different Unit Linked Funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various Unit Linked Funds to the allocation proportions chosen by you.
As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund at the beginning of each of the last four Policy Years.
Your plan provides fund value related Loyalty Additions from the end of every 5th policy year starting from the commencement of the Policy i.e. 5th Policy Year, 10th Policy Year, 15th Policy year etc. provided all the due premiums are received till that time. The Loyalty Additions will be added in the same proportion as the value of total units held in the unit linked funds at the time of additions. The Loyalty Additions will be equal to 0.5% of the average Fund Value of last 60 monthly policy anniversaries.
In addition to the Loyalty Additions, your Plan offers Wealth Boosters based upon Premium Payment Term as per the table below, provided all due premiums have been received till the time of the additions. The Wealth Boosters will be paid as a percentage of average Fund Value of last 60 monthly policy anniversaries and will be added in the same proportion as the value of total units held in the unit linked funds at the time of additions.
| End of Policy Year | Premium Payment Term (in years) | ||||
| Between 10 - 14 |
Between 15 - 19 |
Between 20 - 24 |
Between 25 - 29 |
30 | |
| 10 | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% |
| 15 | NA | 1.5% | 1.5% | 1.5% | 1.5% |
| 20 | NA | NA | 2.0% | 2.0% | 2.0% |
| 25 | NA | NA | NA | 2.5% | 2.5% |
| 30 | NA | NA | NA | NA | 3.0% |
For Regular Premium policies under Benefit Option 3 (Whole Life Option), Wealth Boosters of 3% of average Fund Value of last 60 monthly policy anniversaries will continue to be paid in gap of every 5 years, post completion of first 30 Policy Years, provided all premiums are received till that time.
Other Benefits
Settlement Option: You can choose to receive your maturity benefit through Settlement Option in installments as per the frequency chosen by you, over a maximum period of 5 years. There will not be any life cover during this period and you may opt for complete withdrawal of Fund Value at any time during this period.
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80 C of income Tax Act, 1961. Please note that tax laws are subject to amendments from time to time.
Illustration 1: Rahul, aged 30, is planning to pay premiums annually on a regular basis in Invest 4G. He can utilize the various "Benefit Options" in order to fulfil his different needs.
Scenario 1:
Rahul opts for 'Life Option' under this plan with Premium Paying Term & Policy Term of 15 years to create an asset for his family.
Maturity Benefit:
The table below shows maturity values for multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in Equity II Fund.
| Annual Premium () | Sum Assured () | Total Premium Paid () | Total Maturity Benefit() (Fund Value) at the end of 15 years |
|
| 4%## | 8%## | |||
| 50,000 | 5,00,000 | 7,50,000 | 9,30,684 | 12,94,374 |
| 75,000 | 7,50,000 | 11,25,000 | 13,96,027 | 19,41,561 |
| 1,00,000 | 10,00,000 | 15,00,000 | 18,61,369 | 25,88,748 |
Scenario 2:
Rahul is married & have a 3 years old daughter. Rahul's need is to create a corpus for the future of his daughter. He is looking for a customized solution which ensures that in an event of death the family's immediate needs are met & in the meantime his dream for providing a corpus to his daughter is also met. Hence Rahul chooses 'Life Option with PFB' under this plan.
Maturity Benefit: The table below shows maturity values with multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in an Equity Fund II.
| Annualized Premium () | Sum Assured () | Total Premium Paid () | Total Maturity Benefit () (Fund Value) at the end of 15 years | |
| 4%## | 8%## | |||
| 50,000 | 5,00,000 | 7,50,000 | 9,07,350 | 12,64,765 |
| 75,000 | 7,50,000 | 11,25,000 | 13,61,025 | 18,97,148 |
| 1,00,000 | 10,00,000 | 15,00,000 | 18,14,700 | 25,29,531 |
Illustration 2: Mr. Singh, age 40, chooses Benefit Option 3 (Whole of Life Option) in our Invest 4G plan, to pay annual premiums for a period of 20 years as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] the annual premium.
Maturity Benefit:
The table below shows fund values for multiple scenarios at age 99 assuming annual gross investment return of 4% and 8% with 100% investment in Balanced Plus Fund.
| Annualized Premium () | Sum Assured () | Total Premium Paid () | Total Maturity Benefit() (Fund Value) at age 99. |
|
| 4%## | 8%## | |||
| 50,000 | 7,50,000 | 10,00,000 | 33,92,603 | 2,30,94,868 |
| 75,000 | 11,25,000 | 15,00,000 | 50,88,905 | 3,46,42,302 |
| 1,00,000 | 15,00,000 | 20,00,000 | 67,85,207 | 4,61,89,736 |
##The assumed rates of return (4% p.a. and 8% p.a.) shown in the above illustrative examples of different scenarios are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges including applicable Goods and Services Tax & applicable cess (es)/levy, if any, (@18%).
