Page 47 - Insurance Times October 2020

PRODUCT

Canara HSBC OBC Life Insurance launches

Invest 4G plan with multiple saving

options, protection cover

C anara HSBC Oriental Bank of Commerce Life Maturity Benefits

Insurance has launched a new Unit Linked
On maturity, You will receive the Fund Value based on the
insurance plan (Ulip) titled 'Invest 4G'. It is an
prevailing NAVs.You also have the option to take Fund Value
individual life insurance savings plan which can be
customized as per the goals and changing requirements of on maturity in periodic installments as per Settlement
Option.
the individual.
Fund Options
This Unit Linked Individual Life Insurance cum Savings Plan
provides a combination of Portfolio Management Options This Plan gives you the flexibility to manage & control the
and flexibilities which gives choice to opt for protection savings in your own way. Here you can choose from a range
suiting the demand for every individual as well as provide of 8 Unit Linked Funds. You can choose to allocate your
an opportunity to save for future goals. Premiums to any, all or a combination of the Unit Linked
Funds as per your risk preference.
New "Invest4G" offers three options to the individuals: Life Emerging Leaders Equity Fund
Option, Care Option and Century Option. Life option ensures India Multi-Cap Equity Fund
financial protection to a family in case of the customer's Equity II Fund
unfortunate demise. Care Option provides life coverage
along with Premium Funding Benefit and Century Option is Growth Plus Fund
a whole life option available for the policyholder till the age Balanced Plus Fund
of 100 years.
Large Cap Advantage Fund
Death Benefits Debt Fund

1. Life Option and Century Option Liquid Fund
Higher of Sum Assured ( less applicable Partial Withdrawal/ Alternatively, one may select one among the following 4
Systematic Withdrawal/ Milestone Withdrawal) or Fund different Portfolio Management Options to manage and
Value will be paid as on date of intimation of death claim build on wealth.
and policy will terminate.
1. Systematic Transfer Option (STO)
2. Care Option If you want to invest in equity-oriented fund but worry about
On the death of the Life Assured, a lump sum is paid market volatility and risk associated with lump sum
immediately and remaining future premiums are funded by investment, then you can opt for STO which enables you to
the Company as & when due and Fund Value is paid at enter the equity market in a systematic manner.
maturity.

The Insurance Times, October 2020