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Canara HSBC Oriental Bank of Commerce Life Insurance launches iSelect Smart360 Term Plan – Check details

The plan offers pliability to choose from three available plan options depending on personal needs.

term insurance, Life Insurance, Return of Premium Term Plan, life cover, Critical Illnesses
The term insurance plan offers optional inbuilt features such as Block Premium Benefit, coverage against listed 40 Critical Illnesses and many more.

Term Life Insurance: Canara HSBC Oriental Bank of Commerce Life Insurance has come up with a new term insurance iSelect Smart360 Term Plan offering comprehensive protection. It is a flexible term plan that is suitable for all life stages & requirements of a buyer.

The plan offers pliability to choose from three available plan options depending on personal needs: Life Secure offering life cover, Life Secure with Income offering survival income benefit in addition to life cover and Life Secure with Return of Premium that offers return of premium on outliving policy term in addition to life cover.

The newly launched insurance plan by the Company offers optional inbuilt features such as Block Premium Benefit, coverage against listed 40 Critical Illnesses, options to augment cover by opting Accidental Death/Disability and Terminal Illness benefit, Child Care Benefit, Early Exit Benefit etc. With its comprehensive attributes, iSelect Smart360 Term plan provides a 360 degree protection for individuals and their loved ones.

Key Features

Life cover till 99 years of age
Option to get return of total premiums paid in case of no claim
No future premiums if diagnosed with covered Critical Illness or occurrence of Accidental Total & Permanent Disability, if opted
Additional Lump sum payment in case of Critical Illness, Accidental Total & Permanent Disability or Accidental Death, if opted
Child Care Benefit option to offer additional Sum Assured till child attains 21 Years of age
Option to Block Your Premium at inception and increase cover up to 100% of Base Sum Assured in next 5 Years
Option to augment cover with accelerated Terminal Illness Benefit
Option to avail Steady Income Benefit on attainment of age 60 Years

Commenting on the launch of the iSelect Smart360 Term Plan – Mr. Anuj Mathur, MD and CEO, Canara HSBC Oriental Bank of Commerce Life Insurance says, “Whenever we are designing a new product for the market, our first thought is always to figure out ways to preserve the financial wellbeing of the buyers. Our customers place a lot of trust in us and we truly feel and acknowledge that expectation of the customers. The same can be seen in our latest offering ‘iSelect Smart360 Term Plan’. It is a flexible, feature rich product designed to provide convenience and financial protection to insurance seekers and help them evaluate their ongoing coverage requirements with the change of time and life milestones. Such benchmarking of product is very important in today’s time when customers are in constant quest of convenient and simplistic insurance products.”

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