You can customize the policy to suit your financial goals and requirements in just 2 simple steps:
|Step 1: Choose your Sum Assured
||Choose your Death Benefit Sum Assured adequately basis your life cover needs to ensure that your financial needs are met (Chosen Sum Assured has to be in multiples of Rs. 50,000).
|Step 2: Choose your premium payment term and Policy Term
||This plan offers flexible premium payment term and policy term options to suit your requirements.
|Note: The premium amount will be calculated basis your age at entry, sum assured, policy term, premium payment term, premium payment frequency and gender.
Mr. Raghu Das, aged 40, wants to take care of his family's financial needs in case he is no longer around to take care of them. Therefore, Mr. Das decides to opt for Canara HSBC Oriental Bank of Commerce Life Insurance POS Easy Bima Plan for a Sum Assured of Rs 3 Lacs.
Below scenario illustrates the benefits, which are payable under 3 different policy term options available under this plan. He can choose the option which is best aligned to his protection requirements.
|Premium Payment Term/ Policy Term
||Death Benefit(non Accidental)(Rs)
||Return of Premium on date of Maturity in case of Annual mode (Rs)
||Return of Premium on date of Maturity in case of Monthly Mode (Rs)
|5 Pay 10 Term
|10 Pay 15 Term
|10 Pay 20 Term
*Annual Premium mentioned above excludes Goods and Services Tax & applicable cess(es)/levy, if any.
*Monthly Premium mentioned above includes modal loading but excludes Goods and Services Tax & applicable cess(es)/levy, if any.