C A N A R A H S B C L I F E I N S U R A N C E

GUARANTEED
iSELECT

FUTURE PLUS
A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Guaranteed benefits1 for your

unique needs - now that's a real plus
A smart plan for the digital generation. Presenting iSelect Guaranteed Future Plus, a versatile plan that
meets your exacting needs and gives you a host of benefits - all this at your fingertips!

Key Features:

Guaranteed Payor Premium 4 Plan Options

Life cover Returns1 Protection Cover2/ Available
Accidental Death Benefit

For more information: 1800-103-0003/1800-891-0003

Canara HSBC Life Insurance | Promises ka Partner

1
Provided all premiums are paid as and when due. 2Payor Premium Protection cover can be opted with Endowment Option and Regular Income Option.
Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.
 Canara HSBC Life Insurance Company Limited
Canara HSBC Life Insurance iSelect Guaranteed Future Plus
A Non-Linked Non-Par�cipa�ng Individual Savings Life Insurance Plan

Our life goals vary as per our life stage. Some of the goals such as marriage, parenthood, children’s educa�on, re�rement etc. may
be achieved through the help of steady income whereas some may need a lumpsum amount or a mix of both. In addi�on to the
same, it is impera�ve to ensure that your goals withstand against any uncertain�es that life brings.
Presen�ng Canara HSBC Life Insurance iSelect Guaranteed Future Plus, a plan that provides you with life insurance and guaranteed
benefits to secure your goals and providing peace of mind to you and your loved ones. It also provides op�onal benefits to secure
your loved ones’ future.

The plan ensures:

Life Cover Guaranteed Return of

100% Op�onal
for Financial Savings for Total
Guaranteed benefits to
security your dreams Premiums Paid
Benefits choose from
and stability and goals at maturity

Depending upon your income need, you can select your plan op�on from the following available op�ons under this product.

Endowment Regular Income

Op�on Op�on
This plan op�on will enable Create a regular stream of
to accumulate corpus for income post premium
goals like marriage, payment term to manage
re�rement, educa�on etc. by day-to-day expenses and also
giving guaranteed lumpsum get guaranteed lumpsum
benefit at the end of the benefit to fulfil your goals.
Policy term.

Long Term Income with Early Income

Return of Premium Op�on
Op�on
In today’s world, the liquidity
Get Guaranteed Income to of money and day-to-day
create a parallel income expenses are major
stream for longer term that problems. With this plan
helps in managing the day to op�on, you get Guaranteed
day expenses along with Income from the 2nd Policy
Return of Premiums year itself to ensure your
at Maturity. income competes with
your expenses.

The plan op�on chosen at Policy incep�on cannot be altered at a later date. The benefits will vary depending on the plan op�on and
premium chosen. This product will also be available for sale through online channel.
 Endowment Op�on
KEY HIGHLIGHTS
• Life Cover: Life insurance for financial security of your family.
• Guaranteed benefits: Guaranteed Maturity Benefit to help you plan and meet your planned milestones.
• Enhance your Maturity Benefit: Guaranteed Addi�ons accrue during the last five Policy years to enhance your Maturity Benefit.
• Enhance protec�on through op�onal benefits: Choose any one op�onal benefit, Payor Premium Protec�on Cover or Accidental
Death Benefit to secure your family’s future.
◦ Payor Premium Protec�on Cover: Addi�onal security for your family’s future even if you are not around.
◦ Accidental Death Benefit (ADB): Addi�onal layer of protec�on in case of Accidental Death.
• Flexible Premium Payment Term/ Policy Term: Flexibility to choose from different Premium Payment Terms/ Policy Terms basis
your life stage needs.
• Tax Benefits as per applicable laws as amended from �me to �me.

Endowment Op�on IN FOUR SIMPLE STEPS

You can customize the Policy to suit your financial goals and requirements in just 4 simple steps:
Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.
Step 2: Choose your Premium Payment Term (PPT)/ Policy Term (PT) and Premium Payment Mode basis your financial horizon.
Step 3: Choose Payor Premium Protec�on Cover1 or Accidental Death Benefit if required by you.
Step 4: The Guaranteed Addi�ons in this plan will be determined on the basis of your age and the op�ons chosen above and will be
payable at Maturity along with Guaranteed Sum Assured on Maturity.
Available under Endowment Op�on and Regular Income Op�on.
1

KEY BENEFITS OF Endowment Op�on

Death Benefit (subject to exclusions)

Where Payor Premium Where Payor Premium Protec�on Cover has been chosen Where Accidental Death
Protec�on Cover or Where Life Assured and Policyholder are the same: Benefit (ADB) has been
Accidental Death Benefit is chosen,
not chosen On death of the Life Assured, Sum Assured on Death will be
paid. Further, all the future premiums payable shall be On death of the Life
On death of the Life waived off and the Policy shall con�nue as in-force �ll the Assured, the following
Assured, the following end of the Policy Term with all the future benefits intact. benefit will be paid:
benefit will be paid: • Sum Assured on
Where Life Assured and Policyholder are different:
• Sum Assured on Death; PLUS
On death of the Life Assured, the following benefit will be
Death; PLUS • Accrued Guaranteed
paid:
• Accrued Guaranteed Addi�ons
• Sum Assured on Death; PLUS
Addi�ons subject to the minimum of
• Accrued Guaranteed Addi�ons
subject to the minimum of surrender value
surrender value subject to the minimum of surrender value In addi�on to the above
On payment of this benefit, On payment of this benefit, the Policy will terminate, and all benefit an amount equal
the Policy will terminate benefits and coverage cease to exist therea�er. to ADB Sum Assured is
and all further benefits and On death of the Policyholder during the Policy Term, also payable in case of
coverage cease to exist provided the Life Assured is alive, all the future premiums accidental death.
therea�er payable shall be waived off and the Policy shall con�nue as On payment of this
in-force �ll the end of the Policy Term with all the future benefit, the Policy will
benefits intact. terminate and all further
benefits and coverage
cease to exist therea�er.

Note: Only one of the two op�onal benefits i.e. Payor Premium Protec�on Cover or Accidental Death Benefit can be chosen.
 Maturity Benefit
Guaranteed Sum Assured on Maturity which is equal to 100% of total premiums payable under the Policy, excluding rider premiums,
underwri�ng extra premiums and taxes; PLUS Accrued Guaranteed Addi�ons
On payment of this benefit, the Policy will terminate, and all benefits and coverage cease to exist therea�er.
The defini�ons below will help you understand the benefits of the plan be�er:
• Sum Assured on Death is the amount which is higher of:
a. Sum Assured which is equal to 11 �mes the Annualized Premium
b. 105% of Total Premiums Paid
• Annualized Premium shall be the premium amount payable in a year, excluding taxes, rider premiums, underwri�ng extra
premiums and loadings for modal premiums.
• Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premiums and taxes, if
collected explicitly.
• Guaranteed Addi�ons will accrue at the beginning of each Policy Year in the last five years of the Policy Term. These Guaranteed
Addi�ons will be calculated as a percentage of the cumula�ve Annualized Premium and will vary by Age of the Life Assured,
Premium Payment Term, Premium Band and Policy Term. Further, these vary basis whether Payor Premium Protec�on Cover or
Accidental Death Benefit has been chosen by you or not. In case Payor Premium Protec�on Cover has been chosen, and the Life
Assured and the Policyholder are different at the Policy incep�on, these also vary by the Age of the Policyholder and Life
Assured. For details on Guaranteed Addi�on factors, kindly refer the Company’s website.
• Accidental Death Benefit Sum Assured is equal to Sum Assured on Death at Policy incep�on, subject to a maximum of
₹ 2 crores.

CASE STUDY
Age 35 years, Policy Term 20 years, Premium Payment Term 10 years, Premium Payment Frequency Yearly and Op�onal benefit
not chosen.
Scenario 1: Maturity Benefit

Policy Term 20 Years

At the end of policy
Guaranteed Addi�ons equal Term, get:
Annual Premium of to `3,94,700 will accrue at Guaranteed Sum
the beginning of each Policy Assured on
`1,00,000 Paid for 10 years
Year in the last five years of Maturity `10,00,000+
the Policy Term Accrued Guaranteed
Addi�ons of
`19,73,500

Year 0 5 9 15 19 20

Total Give `10,00,000 Total Get `29,73,500

Scenario 2: Death Benefit

In case of unfortunate death during 4th Policy year:

Policy Term 20 Years

Annual Premium of In case of death during 4th Policy year, get: Sum
`1,00,000 paid for 4 years Assured on Death of `11,00,000

Year 0 3 4 20

Total Give `4,00,000 Total Get `11,00,000

 Regular Income Op�on
KEY HIGHLIGHTS
• Life Cover: Life insurance for financial security of your family.
• Guaranteed Benefits: Guaranteed Income along with Maturity Benefit for a financially secure future.
• Guaranteed Income payouts: Guaranteed Income payouts a�er Premium Payment Term, to take care of recurring expenses.
• Enhance protec�on through op�onal benefits: Choose any one op�onal benefit, Payor Premium Protec�on Cover or Accidental
Death Benefit to secure your family’s future.
o Payor Premium Protec�on Cover: Addi�onal security for your family’s future even if you are not around.
o Accidental Death Benefit (ADB): Addi�onal layer of protec�on in case of Accidental Death.
• Flexible Premium Payment Term/ Policy Term: Flexibility to choose from different Premium Payment Term/ Policy Term basis
your life stage needs.
• Tax Benefits as per applicable laws as amended from �me to �me.

Regular Income Op�on IN 4 SIMPLE STEPS

You can customize the Policy to suit your financial goals and requirements in just 4 simple steps:
Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.
Step 2: Choose your Premium Payment Term (PPT)/ Policy Term (PT), Premium Payment Mode/ Income Frequency basis your
financial horizon.
Step 3: Choose Payor Premium Protec�on Cover1 or Accidental Death Benefit, if required by you.
Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the op�ons chosen above and will be
payable every year post comple�on of Premium Payment Term (as explained below).
1
Available under Endowment Op�on and Regular Income Op�on.

KEY BENEFITS OF Regular Income Op�on

Death Benefit (subject to exclusions)

Where Payor Premium Where Payor Premium Protec�on Cover has been Where Accidental Death
Protec�on Cover or chosen Benefit (ADB) has been
Accidental Death Benefit is Where Life Assured and Policyholder are the same: chosen ,
not chosen On death of the Life Assured, Sum Assured on Death On death of the Life Assured,
will be paid. Further, all the future premiums payable the following benefit will be
On death of the Life
shall be waived off and the Policy shall con�nue as paid:
Assured, the following
in-force �ll the end of the Policy Term with all the • Sum Assured on
benefit will be paid:
future benefits intact. Death; PLUS
• Sum Assured on Where Life Assured and Policyholder are different: • Accrued Guaranteed
Death; PLUS Additions subject to the
On death of the Life Assured, the following benefit will
• Accrued Guaranteed be paid: minimum of
Addi�ons subject to surrender value
• Sum Assured on Death; PLUS
the minimum of In addition to the above
surrender value • Accrued Guaranteed Addi�ons
benefit an amount equal to
subject to the minimum of surrender value ADB Sum Assured is also
On payment of this benefit,
the Policy will terminate On payment of this benefit, the Policy will terminate, payable in case of accidental
and all benefits and coverage cease to exist therea�er. death.
and all further benefits and
coverage cease to On death of the Policyholder during the Policy Term, On payment of this benefit,
provided the Life Assured is alive, all the future the Policy will terminate and
exist therea�er
premiums payable shall be waived off and the Policy all further benefits and
shall con�nue as in-force �ll the end of the Policy Term coverage cease to exist
with all the future benefits intact. thereafter.

Note: Only one of the two op�onal benefits i.e. Payor Premium Protec�on Cover or Accidental Death Benefit can be chosen.
 Survival Benefit
Guaranteed Income during Income Period in arrears as per the Income Frequency chosen. The Income Period starts immediately
a�er the end of the Premium Payment Term �ll the end of the Policy Term.

Maturity Benefit
Accrued Guaranteed Addi�ons and the Policy will terminate and all further benefits and coverage cease to exist therea�er.
The defini�ons below will help you understand the benefits of the plan be�er:
• Sum Assured on Death is the amount which is higher of:
a. Sum Assured which is equal to 11 �mes the Annualized Premium
b. 105% of Total Premiums Paid
• Annualized Premium shall be the Premium amount payable in a year, excluding taxes, rider premiums, underwri�ng extra
premiums and loadings for modal premiums.
• Guaranteed Income will be calculated by mul�plying the Annualized Premium with the Guaranteed Income Percentage and
Income Frequency factors. The Guaranteed Income Percentages vary by , Age of the Life Assured, Premium Payment Term,
Premium Band and Policy Term. Further, these vary basis whether Payor Premium Protec�on Cover/ Accidental Death Benefit
has been chosen by you or not. In case Payor Premium Protec�on Cover has been opted and the Life Assured and Policyholder
are different at the Policy incep�on, these also vary by Age of the Policyholder and Life Assured. For details on Guaranteed
Income Percentage, kindly refer the Company’s website.
• Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if
collected explicitly.
• Guaranteed Addi�ons will accrue at the beginning of each Policy Year in the last five years of the Policy Term, provided all due
premiums have been paid. These Guaranteed Addi�ons will be calculated as a percentage of a cumula�ve Annualized Premium
paid �ll date and vary by Premium Payment Term. For details on Guaranteed Addi�on factors, kindly refer the Company’s
website.
• Income Period is the period during which the Guaranteed Income is payable under the Plan as per the Income Frequency
chosen. The Income Period starts immediately a�er the end of the Premium Payment.
• Accidental Death Benefit Sum Assured is equal to Sum Assured on Death at Policy incep�on, subject to a maximum of ₹ 2 crore.

CASE STUDY
Case Study: Age 35 years, Policy Term 20 years, Income Period 10 years Premium Payment Term 10 years and Premium Payment
Frequency Yearly, Income Payout Frequency Annual and Op�onal benefit not chosen.
Scenario 1: Maturity Benefit

Policy Term 20 Years

At the end of policy
Term, get:
Annual Premium of At the end of each plicy year, post Guaranteed Income
comple�on of Premium Payment Term you of `1,79,650+
`1,00,000 Paid for 10 years
will get Guaranteed income of `1,79,650 Accrued Guaranteed
Addi�ons of
`1,50,000

Year 0 5 9 11 15 19 20

Guaranteed Addi�ons equal to

`30,000 will accrue at the begining of
each Policy Year in the last five years
of the Policy Term

Total Give `10,00,000 Total Get `19,46,500

Scenario 2: Death Benefit
In case of unfortunate death during 4th Policy year:

Policy Term 20 Years

Annual Premium of In case of death during 4th Policy year, get: Sum
`1,00,000 paid for 4 years Assured on Death of `11,00,000

Year 0 3 4 20

Total Give `4,00,000 Total Get `11,00,000

Early Income Op�on

KEY HIGHLIGHTS
• Life Insurance Cover: Life insurance for financial security of your family.
• Early Income: Get Guaranteed Income from 2nd Policy year to take care of recurring expenses.
• Accidental Death Benefit (ADB): Addi�onal layer of protec�on in case of Accidental Death.
• Flexible Premium Payment Term: Flexibility to choose from different Premium Payment Terms basis your life stage needs.
• Income period: You can choose Income Period basis your financial needs.
• Tax Benefits as per applicable laws as amended from �me to �me.

Early Income Op�on IN 4 SIMPLE STEPS

You can customize the Policy to suit your financial goals and requirements in just 4 simple steps:
Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.
Step 2: Choose your Premium Payment Term (PPT)/ Income Period/ Premium Payment Mode/ Income Frequency basis your
financial horizon.
Step 3: Choose Accidental Death Benefit, if required by you.
Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the op�ons chosen above and will be
payable during income period as defined below.

On death of the Life Assured, Sum Assured on Death, will be paid, subject to the minimum
of surrender value and the Policy will terminate and all further benefits and coverage cease
Death Benefit (subject to exist therea�er.
to suicide exclusion) If Accidental Death Benefit (ADB) has been chosen,
On death of the Life Assured due to accident, an addi�onal amount equal to ADB Sum
Assured will be paid and the Policy will terminate and all further benefits and coverage
cease to exist therea�er.

Guaranteed Income in arrears as per the Income Frequency chosen from 2nd Policy
Survival Benefit year �ll the end of Income Period.

The defini�ons below will help you understand the benefits of the plan be�er:
• Sum Assured on Death is the amount which is higher of:
a. Sum Assured which is equal to 11 �mes the Annualized Premium
b. 105% of Total Premiums Paid
• Annualized Premium shall be the Premium amount payable in a year, excluding taxes, rider premiums, underwri�ng extra
premiums and loadings for modal premiums.
• Guaranteed Income will be calculated by mul�plying the Annualized Premium with the Guaranteed Income Percentages and
Income Frequency factors. The Guaranteed Income Percentages vary by Plan Op�on, Age of the Life Assured, Premium Payment
Term, Premium Band, Income Period and Consolida�on period. Further, these vary basis whether Accidental Death Benefit has
been chosen by you or not. For details on Guaranteed Income Percentages, kindly refer the Company’s website.
• Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premiums and taxes, if
collected explicitly.
• Consolida�on Period is the period, in years, commencing from the date of commencement of the Policy to the date of
commencement of Income Period.
• Income Period is the period during which the Guaranteed Income is payable as per the Income Frequency chosen. The Income
Period starts immediately a�er the end of the Consolida�on Period.
• Accidental Death Benefit Sum Assured is equal to Sum Assured on Death at Policy incep�on, subject to a maximum of ₹ 2 crore.

CASE STUDY
Case Study: Age 35 years, Policy Term 20 years, Income Period 19 years, Premium Payment Term 10 years and Premium Payment
Frequency Yearly, Income Payout Frequency Annual and Accidental Death Benefit is not chosen.
Scenario 1: Maturity Benefit

Policy Term 20 Years

Annual Premium of `1,00,000 Paid for 10 years

At the end of each Policy year, Guaranteed Income of ₹65,500 is payable from
the 2nd Policy year �ll the end of the Policy Term

Year 0 5 9 20

Total Give `10,00,000 Total Get `12,44,500

Scenario 2: Death Benefit

In case of unfortunate death during 4th Policy year:

Policy Term 20 Years

Annual Premium of
In case of death during 4th
`1,00,000 paid for 4 years
Policy year, get:
Sum Assured on Death of
At the end of policy year, `11,00,000
Guaranteed income of `65,500 is
payable from the 2nd policy year

Year 0 3 4 20

Total Give `4,00,000 Total Get `12,31,000

 Long Term Income with Return of Premium (ROP) Op�on
KEY HIGHLIGHTS
• Life Cover: Life insurance for financial security of your family.
• Guaranteed Income: Get Guaranteed Income a�er consolida�on period to take care of day to days expenses.
• Return of Premium: 100% of Total Premiums Paid will be paid at Policy Maturity.
• Consolida�on Period: Flexibility to choose income commencement period basis your need.
• Accidental Death Benefit (ADB): Addi�onal layer of protec�on in case of Accidental Death.
• Flexibility Premium Payment Term: Flexibility to choose from different Premium Payment Terms basis your life stage needs.
• Income period: You can choose Income Period basis your financial needs.
• Tax Benefits as per applicable laws as amended from �me to �me.

Long Term Income with Return of Premium Op�on IN 4 SIMPLE STEPS

You can customize the Policy to suit your financial goals and requirements in just 4 simple steps:
Step 1: Choose how much you want to save to contribute towards your goal. This is your premium.
Step 2: Choose your Premium Payment Term (PPT)/ Income period/ Consolida�on period/ Premium Payment Mode/ Income
Frequency basis your financial horizon.
Step 3: Choose Accidental Death Benefit, if required by you.
Step 4: The Guaranteed Income in this plan will be determined on the basis of your age and the op�ons chosen above and will be
payable during Income period as defined below.

On death of the Life Assured, Sum Assured on Death will be paid subject to the minimum of surrender
Death Benefit (subject value and the Policy will terminate and all further benefits and coverage cease to exist therea�er.
to suicide exclusion)
If Accidental Death Benefit (ADB) has been chosen,
On death of the Life Assured due to accident, an addi�onal amount equal to ADB Sum Assured will be
paid and the Policy will terminate and all further benefits and coverage cease to exist therea�er.

Guaranteed Income in arrears as per the Income Frequency chosen post commencement of the
Survival Benefit Income Period �ll the end of the Policy Term

Guaranteed Sum Assured on maturity which will be equal to 100% of the total premiums paid
Maturity Benefit
and the Policy will terminate, all further benefits and coverage cease to exist therea�er.

The defini�ons below will help you understand the benefits of the plan be�er:
• Sum Assured on Death is the amount which is higher of:
a. Sum Assured which is equal to 11 �mes the Annualized Premium
b. 105% of Total Premiums Paid
• Sum Assured is equal to 11 �mes the Annualized Premium
• Annualized Premium shall be the Premium amount payable in a year, excluding taxes, rider premiums, underwri�ng extra
premiums and loadings for modal premiums.
• Guaranteed Income will be calculated by mul�plying the Annualized Premium with the Guaranteed Income Percentages and
Income Frequency factors. The Guaranteed Income Percentages vary by Plan Op�on, Age of the Life Assured, Premium Payment
Term, Premium Band, Income Period and Consolida�on period. Further, these vary basis whether Accidental Death Benefit has
been chosen by the Policyholder or not. For details on Guaranteed Income Percentages, kindly refer the Company’s website
• Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premiums and taxes, if
collected explicitly.
• Consolida�on Period is the period, in years, commencing from the date of commencement of the Policy to the date of
commencement of Income Period.
• Income Period is the period during which the Guaranteed Income is payable as per the Income Frequency chosen. The Income
Period starts immediately a�er the end of the Consolida�on Period.
• Accidental Death Benefit Sum Assured is equal to Sum Assured on Death at Policy incep�on, subject to a maximum of ₹ 2 crore.
 CASE STUDY

Case Study: Age 35 years, Policy Term 42 years, Income Period 30 years, Consolida�on Period 12 years, Premium Payment Term 10
years and Premium Payment Frequency Yearly, Income Payout Frequency Annual and Accidental Death Benefit is not chosen.
Scenario 1: Maturity Benefit

Policy Term 20 Years

At the end
Consolida�on Period Income Period of Policy Term, get:
Guaranteed
Income of
Annual Premium of At the end of each Policy year, you will
`1,33,210+
`1,00,000 Paid for 10 years get Guaranteed Income of `1,33,210
Guaranteed Sum
Assured on Maturity
₹10,00,000

Year 0 5 9 13 14 15 41 42

Total Give `10,00,000 Total Get `49,96,300

Scenario 2: Death Benefit

In case of unfortunate death during 4th Policy year:

Policy Term 20 Years

Consolida�on Period

In case of death during 4th

Annual Premium of Policy year, get: Sum Assured on
`1,00,000 paid for 4 years Death of `11,00,000

Year 0 3 4 42

Total Give `4,00,000 Total Get `11,00,000

 iSelect Guaranteed Future Plus at a Glance

Parameters Minimum Maximum

Entry Age as on Last Birthday

0 years* 65 years^

Maturity Age as on Last Birthday^ 18 years 99 years#

Endowment Op�on
Premium Payment Term Policy Term
5 10, 15
7 12, 14
10 15, 20
12 20

Regular Income Op�on

Premium Payment Term Income Period Policy Term
5 10, 15
Policy Term minus
7 12, 14
Premium Payment Term
10 15, 20, 30, 40
Premium Payment Term/ 12 20
Policy Term(in years)
Early Income Op�on
Premium Consolida�on Income Period Policy Term
Payment Term Period
Consolida�on
7, 10 1 19/ 29/ 39 Period + Income
Period

Long Term Income with ROP Op�on

Premium Consolida�on Income Period Policy Term

Payment Term Period
Premium Payment
Term + 1, Consolida�on
Premium Payment Period
5, 7, 10 15, 20, 30, 40
Term + 2, + Income
Premium Payment Period
Term + 5

Annual - 20,000
Half-Yearly - 10,200 No limit (Subject to Board Approved
Premium (in ₹)
Quarterly - 5,200 Underwri�ng Policy of the Company)

Monthly - 1,800

No limit (Subject to Board Approved

Sum Assured (in ₹) 2,20,000
Underwri�ng Policy of the Company)
 Annual, Half-Yearly, Quarterly & Monthly modes are available

Mode Modal Factors

Annual 1.00
Premium Payment Mode
Half-Yearly 0.51
and Modal Factors
Quarterly 0.26
Monthly 0.09
Chosen at the Policy incep�on and cannot be changed later

Monthly, Annual

Income Frequency Income Frequency Factor

Income Frequency Annual 100% / 1
and Frequency Factors
Monthly 96% / 12

Chosen at the Policy incep�on and cannot be changed later

#
Maximum Maturity Age is 75 years if Accidental Death Benefit or Payor PPC is chosen, ^Where Payor PPC has been chosen, Maximum
Maturity /Entry Age criteria is applicable for both the Life Assured as well as the Policyholder. In all other cases, the above criteria is
applicable for the Life Assured. *Where Accidental Death Benefit has been chosen the minimum entry age is 18 years. *The minimum
entry age for a Policyholder is 18 years (age last birthday) irrespec�ve he opts for Payor PPC or not.

OTHER BENEFITS UNDER THE PLAN

Op�onal Benefits
1. Payor Premium Protec�on Cover
With this benefit, all future premiums will be waived off in the event of the death of the Payor (i.e., the Policyholder) any�me
during the Policy term provided the Policy is in-force. In case where Policyholder and Life Assured are the same, Sum Assured on
Death will be payable immediately, and all future premiums payable shall be waived off. This benefit can be opted with Endow-
ment Op�on and Regular Income Op�on.

2. Accidental Death Benefit

In event of the death of the Life Assured due to an accident, an addi�onal amount equal to the ADB sum assured will be
payable. The ADB sum assured will be the same as the Sum Assured at incep�on, subject to a maximum of ₹ 2 crores. This
benefit can be opted with all plan op�ons.
Note: If the Accident occurs before the end of Policy Term, but death caused by such Accident occurs a�er the end of the Policy
Term and within 180 days of the Accident, ADB Sum Assured / Paid-up ADB Sum Assured, as applicable for inforce/paid-up
insurance coverage, will be payable in respect of the life on whom the con�ngent event has occurred; however no Death Bene-
fit will be payable in this scenario.
Only one of the two op�onal benefits, Payor Premium Protec�on Cover or Accidental Death Benefit can be chosen.
Loan Facility
• To meet any con�ngent need, you may avail the loan facility in this plan.
• Loan facility is available in this product for an in-force Policy a�er the Policy acquires a Surrender Value.
• Loan facility is not available:
o Under Paid-Up policies
o Where benefit under Payor Premium Protec�on Cover has become payable
• The Policyholder can avail a loan for an amount of up to 80% of the Surrender Value subject to a minimum loan amount of
₹ 20,000.
• The Company reserves the right to review the interest rate for Policy Loans on 31st December every year and the changes shall
be applicable from 1st April of the following year. The prevailing rate of interest on loan for FY 24-25 is 8.50% per annum
compounded yearly on Policy anniversary and chargeable from the date of loan disbursement.
• The Policy will be assigned to the Company to the extent of outstanding loan amount and all benefits - Surrender, Death,
Maturity and Survival will be paid a�er deduc�ng the outstanding Policy loan and interest. Only the balance amount, if any, shall
be payable
• If at any �me during the term of the Policy, the sum of loan outstanding and unpaid interest on loan outstanding exceeds the
prevailing Surrender Value at that �me and the Policyholder fails to pay the loan outstanding amount and unpaid interest
amount a�er being given in�ma�on of 3 months (or the �meline as applicable as per Company Policy at that point in �me) and
reasonable opportunity to con�nue the Policy, the Policy will be foreclosed and all rights and benefits under the Policy will cease
in case of a policy that is not premium paying nor fully Paid-up.

TAX BENEFIT
You may be en�tled for tax benefits in accordance with the provision of Income Tax Act, 1961 as amended from �me to �me. Please
consult your independent tax advisor for tax related queries.

POLICY REVIVAL
You can make a request for revival of your Policy if your Policy is in lapse or paid-up status.
• You can revive your Policy within the revival period i.e. 5 years from the due date of the first unpaid premium
• The revival of the Policy will be as per the Board Approved Underwri�ng Policy of the Company.
• All past due premiums need to be paid by You along with applicable interest* The interest applicable on revival shall be calculated
on simple interest basis, as defined by the Company from �me to �me (from the respec�ve premium due dates �ll the
revival date).
• If a lapsed Policy is not revived within the revival period, the Policy will terminate on expiry of the revival period.
• On revival of the Policy, the Policy with all the benefits as applicable would be reinstated.
*The basis for determining the interest rate is the average of the daily rates of 10-Year G-Sec rate over the last five calendar years
ending 31st December every year rounded to the nearest 50 bps plus a margin of 200 bps where 1 bps is equal to 0.01%. Any change in
the basis of this interest rate will be subject to the prior approval of the Authority. The Company undertakes the review of the interest
rates for revivals on 31st December every year with any changes resul�ng from the review being effec�ve from the 1st of April of the
following year. The applicable interest rate for the financial year 2024-25 is 8.50% per annum.

IN CASE OF NON-PAYMENT OF THE PREMIUM

The plan is intended to meet your financial goals. Therefore, we strongly advise you that you should con�nue with the Policy �ll the
end of the Policy Term to realize the full benefits. The plan offers Policy loan that can be availed (as per terms and condi�ons) to
manage any liquidity needs.
• If the premiums have not been paid in full for the first Policy year, before the end of the Grace Period your Policy will lapse at
the end of the Grace Period and the insurance cover will cease immediately, and no benefits will be paid when the Policy is in
lapsed status.
• If the premiums have been paid in full for the first year but not subsequently within the Grace Period, your Policy will move to
paid-up status and the Policy will con�nue with reduced benefits.

PAID-UP POLICY
• If the premiums have been paid in full for at least the first full Policy year and no future premiums are paid, the Policy will move
to paid-up status. On your Policy becoming paid-up, the proceeds under the plan will be reduced as given below:

For Endowment Op�on and Regular Income Op�on

On death of Life Assured following shall be paid:
Paid-up Sum Assured on Death; PLUS
Accrued Guaranteed Addi�ons
Reduced Death Benefit On payment of this benefit, the Policy will terminate and no further benefit will be payable,
irrespec�ve whether Payor Premium Protec�on Cover has been chosen or not
For Early Income Op�on and Long Term Income with ROP Op�on
On death of Life Assured Paid-up Sum Assured on Death shall be paid and the Policy will
terminate and no further benefit will be payable
 Reduced Survival Benefit
(Applicable under Regular
Income Op�on, Early During the Income Period, Paid-up Guaranteed Income will be payable
Income Op�on and
Long Term Income
with ROP Op�on)

For Endowment Op�on Paid-up Guaranteed Sum Assured on Maturity; PLUS Accrued Guaranteed
Addi�ons will be payable
Reduced Maturity For Regular Income Op�on Accrued Guaranteed Addi�ons will be paid
Benefit
For Long Term Income with ROP Op�on Paid-up Guaranteed Sum Assured on Maturity will be paid
On payment of the above benefits, the Policy will terminate and no further benefit will be payable.

Guaranteed For paid-up policies Guaranteed addi�ons will be equal to 50% of the Guaranteed addi�ons
Addi�ons applicable in in-force policies.

Reduced ADB ADB Sum Assured will be reduced to Paid-up ADB Sum Assured
Sum Assured

The formula below will help you understand the Paid-up proceeds be�er:

(Number of premiums paid)

Paid-up Guaranteed Sum Assured on Maturity = Guaranteed Sum Assured on Maturity ×
(Total number of premiums payable
during the Policy Term)

(Number of premiums paid)

Paid-up Sum Assured on Death = Sum Assured on Death ×
(Total number of premiums payable
during the Policy Term)

(Number of premiums paid)

Paid-up Guaranteed Income = Guaranteed Income x
(Total number of premiums payable
during the Policy Term)

(Number of premiums paid)

Paid-up ADB Sum Assured = ADB Sum Assured x
(Total number of premiums payable
during the Policy Term)

POLICY SURRENDER

This plan intends to meet your financial goals. Therefore, we strongly advise you that you should con�nue with the Policy �ll the end
of the Policy Term to realize the full benefits.
The Policy shall acquire a surrender value if the premiums have been paid in full for at least first full policy year.
• The Surrender Value payable is higher of:
◦ Guaranteed Surrender Value (GSV) - GSV varies basis the plan op�on chosen by the Policyholder: Policy shall acquire a GSV
a�er payment of at least first 2 consecu�ve policy years’ premiums in full.
 Plan Op�on Surrender Value

The GSV is determined based on a defined percentage of Total Premiums Paid plus
Endowment Op�on
a defined percentage of accrued Guaranteed Addi�ons

The GSV is determined based on a defined percentage of Total Premiums Paid plus a
Regular Income Op�on
defined percentage of accrued Guaranteed Addi�ons less Survival Benefits already paid

Early Income Op�on and Long The GSV is determined based on a defined percentage of Total Premiums Paid less
Term with ROP Op�on Survival Benefits already paid

◦ Special Surrender Value (SSV) - SSV will be determined by the Company and may vary from �me to �me, with appropriate
approval. The Special Surrender Value (SSV) shall become payable a�er comple�on of first policy year provided one full
policy years' Premium has been received.
The Policy cannot be surrendered if Payor Premium Protec�on Benefit has been availed i.e. post death of the Life Assured or the
Policyholder.
For the details on GSV factors, please refer to the sample Policy contract of this plan available on the Company's website.

KEY TERMS AND CONDITIONS

1. The defini�on of Age used is ‘Age as on last birthday’.
2. Accident means sudden, unforeseen and involuntary event caused by external, violent and visible means which occurs a�er the
risk commencement date of the Policy and before the termina�on of the Policy.
3. Accidental Death means death of the insured which results directly and solely from an Accident and independently of any other
causes AND which occurs within 180 days of the date of the Accident.
4. For monthly mode policies, the Company may accept three months’ premium in advance at Policy incep�on. Collec�on of advance
premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium
due in one financial year is being collected in advance in earlier financial year, the Company may collect the same for a maximum
period of three months’ in advance of the due date of the premium. The premium so collected in advance shall only be adjusted
on the due date of the premium.
5. The risk under this Policy will commence on the date the Company underwrites the risk, subject to realiza�on of full premium.
6. Goods and Services Tax & applicable cess (es)/levy, if any will be charged over and above the premium as per applicable laws as
amended from �me to �me.
7. Suicide exclusion: If In case of death due to suicide within 12 months from the date of commencement of risk under the Policy or
date of revival of the Policy, the benefits payable under this Policy shall be:
◦ In case of death due to suicide within 12 months from the date of commencement of risk under the Policy and the Policy is in
force, higher of 80% of the Total Premiums Paid �ll the date of death or the surrender value available as on date of death.
◦ In case of death due to suicide within 12 months from the revival date of the Policy, higher of 80% of the Total Premiums
Paid �ll the date of death or the surrender value as available on the date of death.
There are no exclusions other than suicide clause (as men�oned above) for Death Benefit. On payment of benefit under
suicide clause, the Policy will terminate irrespec�ve of whether Payor PPC benefit has been chosen or not.
8. Free look period: If the Policyholder does not agree with the terms and condi�ons of the Policy or otherwise & has not made any
claim they shall have the op�on to request for cancella�on of the Policy by returning the Policy Document (if issued physically upon
request) along with a wri�en request sta�ng the reasons for non-acceptance to the Company within the free-look period of 30
days from the date of receipt of the Policy Document, whether received electronically or otherwise (whichever is earlier). The
refund of the premium will be paid subject to deduc�on of the propor�onate risk premium for the period of cover, stamp duty
charges and expenses incurred on medicals (if any). This facility can be availed only on receipt of the first Policy Document and not
on receipt of subsequent Policy Document issued by the Company on your request as men�oned in the Policy document.
9. Minor Life: Where the Policy has been issued on the life of a minor, the Life Assured (i.e. the minor in this case) and the
Policyholder will be different at the date of commencement of the Policy. The risk cover of the Life Assured shall start immediately
from the date of commencement of the Policy. The Policy shall automa�cally vest on the Life Assured immediately on date of
comple�on of 18 years of age and the Life Assured would be the holder of the Policy from such date, subject to assignment, if any,
and all benefits therea�er shall be linked to the life of the Life Assured. Till such �me that the Life Assured and the Policyholder are
different, and Payor Premium Protec�on Cover has not been chosen, all benefits (death and survival) are linked to the life of the
Life Assured and there is no con�ngency on the life of the Policyholder. In the event of death of the Life Assured in minority, all the
proceeds under the Policy would go to the Policyholder and the Policy will terminate. If the Policyholder dies while the Life Assured
 is s�ll a minor, then the legal guardian of the minor or the legal heir of the Policyholder can become the Policyholder and con�nue
to pay the premium to keep the Policy alive. Till such �me that the Life Assured and the Policyholder are different and Payor
Premium Protec�on Cover has been chosen, all the benefits under the Policy shall be linked to the life of the Life Assured, except
for the benefits linked to the death of the Payor.
10. Grace Period: You are required to pay premium on or before the premium payment due date. However, You are provided with a
Grace Period of 30 days for annual, half yearly and quarterly modes and 15 days for monthly mode from Premium due date to pay
due premium. The Policy and applicable benefits will remain in force during grace period and in case of an admissible claim, the
benefits will be payable post deduc�on of due unpaid premium. Where unpaid Premium during the Grace period shall be the
instalment premium that has already become receivable and is unpaid.
11. Nomina�on and Assignment:
• Nomina�on should be in accordance with provisions of Sec�on 39 of the Insurance Act, 1938, as amended from �me to �me.
• Assignment should be in accordance with provisions of Sec�on 38 of the Insurance Act, 1938, as amended from �me to �me.

Accidental Death Benefit exclusions

There are no exclusions other than Suicide clause for Death Benefit
Accidental Death Benefit (ADB) exclusions: Accidental Death arising directly or indirectly from any of the following are
specifically excluded:
• The Life Assured taking part in any hazardous sport or pas�mes (including hun�ng, mountaineering, racing, steeple chasing,
bungee jumping, etc., any underwater or subterranean opera�on or ac�vity and racing of any kind other than on foot.
• The Life Assured flying in any kind of aircra�, other than as a bonafide passenger (whether fare-paying or not) on an aircra� of a
licensed airline.
• Self-inflicted injury, suicide or a�empted suicide.
• Under the influence or abuse of drugs, alcohol, narco�cs or psychotropic substance not prescribed by a registered medical
prac��oner#.
• Service in any military, air force, naval or paramilitary organiza�on.
• War, civil commo�on, invasion, terrorism, hos�li�es (whether war be declared or not).
• The Life Assured taking part in any strike, industrial dispute and riot.
• The Life Assured taking part in any criminal or illegal ac�vity with criminal intent or commi�ng any breach of law including
involvement in any fight or affray.
• Exposure to Nuclear reac�on, Biological, radia�on or nuclear or chemical contamina�on.
• If the Life Assured has disclosed at the proposal stage that he/she is physically handicapped or suffering from mental infirmity,
then Accidental Death benefit will not be offered.
#
Medical Prac��oner means a person who holds a valid registra�on from the Medical Council of any State of India or Medical Council
of India or Council for Indian Medicine or for Homeopathy set up by the Government of India or a State Government and is thereby
en�tled to prac�ce medicine within its jurisdic�on; and is ac�ng within the scope and jurisdic�on of his/her license; but excluding a
Medical Prac��oner who is:
• Life Assured himself/ herself or an agent of the Life Assured or
• Insurance Agent, business partner(s) or employer/ employee of the Life Assured or
• A member of the Life Assured's immediate family.
Sec�on 41 of the Insurance Act, 1938 (as amended from �me to �me):
1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
con�nue an insurance in respect of any kind of risk rela�ng to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the Policy, nor shall any person taking out or renewing or con�nuing
a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the
insurer.
2. Any person making default in complying with the provisions of this sec�on shall be liable for a penalty that may extend to ten
lakh rupees.
Sec�on 45 of the Insurance Act, 1938 (as amended from �me to �me):
Fraud and Misstatement would be dealt with in accordance with provisions of Sec�on 45 of the Insurance Act, 1938, as amended from
�me to �[Link] provisions of this Sec�on, please refer to the Policy contract of this product on our website [Link].
 PROCEDURE FOR GRIEVANCE REDRESSAL
Grievance Redressal Process
In case of any concern you may have, kindly visit any of our branches or call our resolu�on center. You
can also write an email to us or reach us through the online form on our website. We will respond to you
within two weeks from the date of our receiving your complaint.

Complaint Redressal Unit

Canara HSBC Life Insurance Company, 139P, sector 44, Gurugram - 122003, Haryana, India
Toll Free- 1800-103-0003/1800-891-0003 Email: cru@[Link]
In case you do not receive a response from us or not sa�sfied with the same you may write to our Grievance Redressal Officer at

Grievance Redressal Officer

Canara HSBC Life Insurance Company, 139P, sector 44, Gurugram - 122003, Haryana, India
Toll Free- 1800-103-0003/1800-891-0003 Email: gro@[Link]
To locate our branch please visit h�ps://[Link]/contact-us/locate-a-branch.

In case the complaint is not a�ended to within two weeks of registra�on of the complaint or the resolu�on provided by the
Insurer/GRO is not sa�sfactory, the client may complain to Bima Bharosa by visi�ng: h�ps://[Link]

In case you are s�ll not sa�sfied with the decision/resolu�on provided by the Company, you may approach the Insurance
Ombudsman of your respec�ve State for redressal of your grievance. For more details kindly refer to our website
[Link] or the GBIC website at h�ps://[Link]/Ombudsman for the list of Ombudsman.

Kindly note that you may approach the Insurance ombudsman, if you do not receive response from us within 30 days from the date
of filing the complaint or if your complaint is rejected or if you are not sa�sfied with our response.

About us:
Canara HSBC Life Insurance Company Limited is a company formed jointly by three financial organiza�ons - Canara Bank, Punjab
Na�onal Bank and HSBC Insurance (Asia Pacific) Holdings Limited. The shareholding pa�ern of the Joint Venture is – Canara Bank: 51%,
HSBC Insurance (Asia Pacific) Holdings Limited: 26% and Punjab Na�onal Bank: 23%.
Our aim is to provide you with a range of life insurance products backed by customer service and thereby, making your life simpler.
Canara HSBC Life Insurance iSelect Guaranteed Future Plus is a Non-Linked Non-Par�cipa�ng Individual Savings Life Insurance Plan.
Trade Logo of Canara HSBC Life Insurance (formerly known as Canara HSBC- Oriental Bank of Commerce Life Insurance Company
Limited) hereina�er referred to as “Insurer” is used under license with Canara Bank and HSBC Group Management Services Limited.
This product brochure gives only the salient features of the plan and it is indica�ve of terms and condi�ons. This brochure should be
read in conjunc�on with the benefit illustra�on and the terms & condi�ons for this plan as provided in sample Policy contract available
on our website.
 Canara HSBC Life Insurance Company Limited
(IRDAI Regn. No. 136)
(formerly known as Canara HSBC Oriental Bank of
Commerce Life Insurance Company Ltd)
Registered Office: 8th Floor, Unit No. 808 - 814, Ambadeep Building,
Plot No.14, Kasturba Gandhi Marg, New Delhi - 110001, India
Head Office: 139 P, Sector 44, Gurugram-122003, Haryana, India
Corporate Iden�ty No.: U66010DL2007PLC248825
Website: [Link]
Call: 1800-103-0003/1800-891-0003
SMS: 7039004411. Missed Call: 8071262709
Email: customerservice@[Link]

“BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in ac�vi�es like selling insurance policies, announcing bonus or investment of
premiums. Public receiving such phone calls are requested to lodge a police complaint ”

Trade Logo of Canara HSBC Life Insurance Company Limited is used under license with Canara Bank, HSBC Group Management Services
Limited. This product brochure gives only the salient features of the plan and it is indica�ve of terms and condi�ons. This brochure should be
read in conjunc�on with the Terms & Condi�ons for this plan as provided in sample policy contract available on our website.

UIN: 136N098V02 BRONJISGFPCHOSEP24 ENG