Page 48 - Insurance Times October 2020

Through this option, your entire premium will be first will be added to the Unit Linked Fund(s) at specific policy
allocated to the Liquid Fund and then systematically intervals provided all due premiums till date have been paid.
transferred on a monthly basis into any one of the Unit These wealth boosters will be a percentage of the average
Linked Funds - India Multi-Cap Equity Fund or Equity II Fund fund value of last 60 monthly policy anniversaries.
or Emerging Leaders Equity Fund as chosen by you.
Some of the key features of the plan:
2. Return Protector Option (RPO) Return on Mortality Charge: An amount equal to the
This option enables you to take advantage of the equity total of all the Mortality Charges deducted during the Policy
market by protecting your gains from the future equity Term (excluding charges due to extra mortality risk) will be
market volatility. Through RPO, starting from the 2nd policy added to the Fund Value at the maturity date.
year onwards, your gains made from an equity fund basis
your chosen 'Target Appreciation' are automatically
transferred to a lower risk Debt Fund. This way, your gains Flexibility of Single Pay: Single Premium Payment
are protected from further market volatility. Option added. Includes both 10x cover multiple and 1.25x
cover multiple.
3. Auto Funds Rebalancing (AFR)
If you wish to maintain the allocation of your investments Systematic withdrawal Option: A pre-decided
in a specific proportion across different Unit Linked Funds, percentage ranging from 1% to 12% of the Fund Value will
irrespective of market movements, you can do so through be paid to the Policyholder at a chosen frequency for the
Auto Funds Rebalancing. Once opted, after every 3 months, remainder of the Policy Term. PPT has to be greater than
it automatically rebalances the allocation of your or equal to 10 years.
investments in various Unit Linked Funds to the allocation
proportions chosen by you. Milestone Withdrawal Option: For enhanced liquidity
at regular milestones.
4. Safety Switch Option (SSO):
As your policy nears maturity, you may want to avoid market Premium Reduction: After payment of premiums for the
movements and safeguard your funds. The Safety Switch first five Policy Years, option to decrease the premium up
Option enables you to move your funds systematically to a to 50% of the original Annualized Premium.
relatively low-risk Liquid Fund at the beginning of each of
the last four policy years. Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of
Commerce Life Insurance Company Limited says, "Canara
Loyalty Additions HSBC Oriental Bank of Commerce Life Insurance has always
been on the forefront in innovating new policies with benefits
This plan offers fund value related Loyalty Additions from that are best in the given segment and suit the needs of
the end of 5th policy year and every 5th year till the end of customers.
the Premium Payment Term provided all the due premiums
are received till that time. The Loyalty Additions for each The new Invest 4G plan is a product suited for new-age
Unit Linked Fund will be equal to a percentage of the digital buyers and has been overhauled to provide life
average fund value of last 60 monthly policy anniversaries insurance as well as multiple saving options fulfilling the
for the respective Unit Linked Fund. financial needs of individuals. We are confident that this
product, which comes with 3 options namely Life Option,
Wealth Boosters Care Option and Century Option, will cater to the new needs

This plan also offers the additional allocation of units which and life goals of our customers.

The Insurance Times, October 2020