Canara HSBC OBC Child Plan - 4G

life insurance
Protect your loved ones against death, disability and Illness
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Canara HSBC OBC Invest 4G Plan is a unit-linked savings plan which helps you meet your child’s educational milestones with financial certainty. The plan is available in 3 variants to match varying investment objectives. It offers a choice of 8 fund options and 4 different portfolio strategy options to invest your hard-earned money as per your investment style and risk profile.

The plan helps you appreciate your wealth by way of loyalty additions and wealth boosters. The plan takes care of your liquidity requirements with its Milestone Withdrawal Option, Systematic Withdrawal Option, and Partial Withdrawal facility. The plan also allows you to switch among the fund options unlimited number of times during a policy year.

Best Features of Canara HSBC OBC Invest 4G Plan

The Canara HSBC OBC Invest 4 Plan comes with the following key features - 

  1. Plan Variants - The plan is available in 3 plan variants namely Life Option, Care Option, and Century Option.
  2. Loyalty Additions - The plan provides loyalty additions equivalent to up to 0.50% of the average fund value of the last monthly policy anniversaries. The loyalty additions are paid every 5th year of the policy till the end of the premium payment term.
  3. Wealth Boosters - The plan also provides wealth boosters equivalent to up to 5.50% of the average fund value of the last monthly policy anniversaries. The wealth booster is paid on every 5th policy anniversary either from the 10th policy year or 15th policy year till the completion of 30 years, depending on the premium payment term and funds opted by you.
  4. Fund Options - The plan offers you a choice of 8 funds including equity-oriented funds, debt-oriented funds, as well as balanced funds to match your risk appetite.
  5. Fund Management Options - You can invest in the funds under the plan using any of the 4 available fund management options namely Systematic Transfer Option, Return Protector Option, Auto Funds Rebalancing Option, and Safety Switch Option.
  6. Fund Switches - You can switch among the funds any number of times in a policy year without any extra charge.
  7. Change in Premium Payment Mode - The plan also allows you to change the premium payment mode anytime during the policy year giving a written request at least 60 days before the policy anniversary. The change can be made without any extra cost.

Benefits of Canara HSBC OBC Invest 4G

The Canara HSBC OBC Invest 4G offers the following benefits to its investors - 

            A. Death Benefit

In case of an unfortunate death of the life assured before the completion of the policy term, a death benefit is paid in accordance with the plan variant chosen.

            1. Life Option and Century Option

The highest of the following is paid to the nominee as the death benefit -

  • Sum Assured less withdrawals (if any) made in the preceding 2 years
  • Fund value as on date of intimation of death claim
  • 105% of total premiums paid till the date of death

The policy terminates after the payment of the above benefit.

            2. Care Option

The higher of the following is paid to the nominee as the death benefit -

  • Sum assured
  • 105% of total premiums paid till the date of death

In addition to the above, the nominee will receive a Premium Funding Benefit under which all due future premiums will be paid by the Canara HSBC OBC Life Insurance till the end of the premium payment term and the plan will continue with payable benefits till maturity.

            B. Maturity Benefit

The maturity benefit is payable basis the plan variant opted by you at the time of policy inception.

            1. Life Option 

In case of survival of the life assured till the plan maturity, the fund value as on the date of maturity is payable as the maturity benefit. The policy stands terminated after the payment of the maturity benefit.

            2. Care Option

The fund value as the date of plan maturity is paid as the maturity benefit after which the policy gets terminated.

            3. Century Option

A maturity benefit equivalent to the fund value is paid on the policy anniversary on which the life assured attains the age of 100 years. The policy terminates after the payment of the maturity benefit.

Canara HSBC OBC Invest 4G Fund Options

The Canara HSBC OBC Invest 4G offers a choice of the following 8 funds to match your risk appetite and investment style - 


 

Fund Name

Asset Allocation


 

Risk Profile

Equity

Debt Securities

Money Market & Other Instruments

Large Cap Advantage Fund

90%-100%

-

0%-10%

High

Emerging Leaders Equity Fund

60%-100%

-

0%-40%

High

India Multi-Cap Equity Fund

60%-100%

-

0%-40%

High

Equity II Fund

60%-100%

-

0%-40%

High

Growth Plus Fund

50%-90%

10%-50%

0%-40%

Medium to High

Balanced Plus Fund

30%-70%

30%-70%

0%-40%

Medium

Debt Fund

-

60%-100%

0%-40%

Low to Medium

Liquid Fund

-

0%-60%

40%-100%

Low

Canara HSBC OBC Life Insurance offers the following 4 Fund Management Options to its investors - 

  1. Systematic Transfer Option
  2. Return Protector Option
  3. Auto Funds Rebalancing
  4. Safety Switch Option

Canara HSBC OBC Invest 4G Eligibility

The Canara HSBC OBC Invest 4G comes with the following eligibility conditions - 

Eligibility Criteria For Canara HSBC OBC Invest 4G

Eligibility Condition

Life Option

Care Option

Century Option

Minimum Age At Entry

0 years

18 years

Maximum Age At Entry

65 years

50 years

65 years

Minimum Age At Maturity

18 years

28 years


 

Up till 100 years

Maximum Age At Maturity

80 years

Policy Term (PT)

For Single Pay - 


 

Cover Multiple

Entry Age

Policy Term

10

0-32 years

5-30 years

10

33-38 years

5-20 years

10

39-44 years

5-10 years

10

45-49 years

5 years

10

50-65 years

N/A

1.25

0-65 years

5-30 years


 

Limited & Regular Pay - 10-30 years

Limited & Regular Pay - 10-30 years


 

Limited & Regular Pay - 100 minus entry age


 

Premium Payment Term (PPT)

Limited Pay - 5 to PT - 1 year

Regular Pay - Same as PT

Limited Pay - 10 to PT - 1 year

Regular Pay - Same as PT

Sum Assured

Single Pay - 1.25 or 10 times Single Premium as per entry age

Limited / Regular Pay - 10* Annualised Premium

Limited / Regular Pay - 10* Annualised Premium


 

Annualised Premium

Single Pay - INR 1 Lakh - No limit

Limited / Regular Pay - INR 24,000 - No limit

Limited / Regular Pay - INR 48,000 - No limit


 

Premium Payment Mode

Single, Yearly, Half-yearly, Quarterly, Monthly

Canara HSBC OBC Invest 4G Review

Canara HSBC OBC Invest 4G is a unit-linked savings plan which helps you secure your child’s future with a market-linked investment copus. The plan helps you grow your wealth further by providing loyalty additions and wealth boosters at different time intervals. Under this plan, you get a choice of 8 fund options to invest your hard-earned money as per your preference. The plan also provides varying investment strategies to help you keep your investment safeguard against market volatility.

It is an ideal plan for individuals who are looking for a unit-linked investment solution to secure the future of their child along with enjoying a life cover.

Canara HSBC OBC Invest 4G FAQs
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