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  #1  
July 27th, 2016, 04:41 PM
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Canara HSBC Oriental Bank Of Commerce Life Stay Smart Plan

I have heard a lot about the Canara HSBC Oriental Bank Of Commerce Life Stay Smart Plan and want details about this plan. Will you provide all details related to Canara HSBC Oriental Bank Of Commerce Life Stay Smart Plan along with list of benefits I will get from this plan?
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  #2  
July 27th, 2016, 04:59 PM
Super Moderator
 
Join Date: Mar 2012
Re: Canara HSBC Oriental Bank Of Commerce Life Stay Smart Plan

Canara HSBC Oriental Bank of Commerce Life Stay Smart Plan is the solution that helps you take care of your multiple responsibilities.

The plan offers an ideal balance between protection and investment for your changing needs through life's different stages.

Basic Details:

Minimum Entry Age 31 days
Maximum Entry Age 65years
Minimum Policy Term Upto age 99 years
Minimum Maturity Age 99 years of age.
Minimum Premium Rs25000 p.a
Premium Paying Term 10 to 99 age at entry

Benefits of this plan:

Maturity Benefits
At matrity (at age 99), you will receive the entire Fund Value and the policy is terminated.

Death Benefits
In the unfortunate event of your death , your nominee will receive the higher of the Sum Assured and the Fund Value.

Survival Benefit
You have the option to surrender the policy, whereby the surrender value will be paid to you after deducting the applicable surrender charge and thereafter the policy will terminate.

Tax Benefits:

Section Description
SEC 80 C Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
SEC 10 (10)D Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.

Contact:


Head Office
Canara HSBC OBC Life Insurance Company Ltd,
2nd Floor, Orchid Business Park, Sector - 48, Sohna Road,
Gurgaon - 122018, Haryana,
India.
Call Center
1800-103-0003/1800-180-0003 (MTNL/BSNL) Monday to Friday - 8:00 AM to 8:00 PM Saturday - 9:00 AM to 6:00 PM
SMS
97790-30003


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