Invest in Canara HSBC OBC Life Insurance Bhavishya Plan for a Secured Future

Finance your future today by making prudent investments in order to enjoy your life tomorrow. Financial independence is the most sought after, especially in your golden years to live a comfortable and worry free lifestyle.

 

The Canara HSBC OBC life insurance is one such investment that safeguards your life and helps you plan for your retirement the way you want it. The Canara HSBC OBC life insurance Secure Bhavishya plan is a great pension plan that helps you build a retirement corpus fund to provide you with a steady income during your retirement.

 

Overview of Canara HSBC OBC Life Insurance – Secure Bhavishya

 

Entry Age	Minimum of 25 years and Maximum of 70 years
Vesting Age – The age at which policy holder can begin to receive the policy benefits	Minimum – 40 years Maximum – 80 years
Premium Payment Mode	Regular pay, Annual and monthly modes also available
Policy Term	Vesting Age – Entry Age, Minimum of 10 years and maximum of 30 years for single pay and 35 years for Regular pay

 

The Canara HSBC OBC Life Insurance Secure Bhavishya plan is an investment fund that provides exposure to equities to enable greater returns and at the same time offers capital protection to mitigate the risk factor.

 

How does the Secure Bhavishya Plan Work?

 

1. Choose your Vesting Age – The probable age that you will retire and need a regular flow of income should be the vesting age of the plan. Choose a vesting age from 40 years to 80 years.

 

2. Select you premium payment term – You can choose your term from 5 years up to the vesting age

 

3. Choose the premium and payment mode – Depending upon your requirements, you can opt for annual or monthly premium payments. Select the premium amount that you can afford to pay for the chosen policy term

 

Key Features of the Canara HSBC OBC Life Insurance Secure Bhavishya plan

 

• Guaranteed returns of 101% of the total premiums paid including top-up amounts, provided if all are paid in time
• You have the option to top-up and invest any excess amount you have on hand at anytime
• Flexibility to choose the vesting age and the policy term as per your needs and preferences
• Premium payment modes can be selected according to you
• You can also select loyalty additions to boost your fund value after every 5 years, starting from the 10^th policy term

 

Investment Allocation and Strategy of Canara HSBC OBC Life Insurance Secure Bhavishya

 

As per the investment strategy outline below, the investment will transition between these schemes in order to maximize your returns

 

Fund Type	Description	Equity Allocation	Debt Securities	Money market and others	Risk Profile
Pension Growth Fund	Achieves captial aprreciation with judicious mix in equities and debt market	10% - 60%	20%-100%	0%-80%	Medium to High
Pension Balanced Fund	Achieves fine balance between capital protection and returns	0%-30%	20%-100%	0%-80%	Medium
Pension Debt Fund	Achieve capital protection and generation of income through fixed income securities	0%	20%-100%	0%-80%	Low

 

Due to this strategy, your investments will flow though several assets, in turn protecting it from volatile market fluctuations. You have the flexibility to switch your funds from Pension balanced fund scheme to debt fund only in the last 5 years of your Canara HSBC OBC life insurance policy term.

 

Advantages of Canara HSBC OBC life insurance Secure Bhavishya

 

• Assured returns of 101% of the premium that you have paid will protect your capital
• The investment makes use of a great asset allocation strategy, allowing for the assets to flow from riskier securities to less riskier securities. This gives you a great optimization of returns in the long run
• Flexible plan that lets you choose the policy term and vesting age along with the option of annual or monthly premium payments
• You can also load a top up of any excess amount you have with you onto the retirement investment and increase your savings

 

All in all the Canara HSBC OBC life insurance Secure Bhavishya plan is a great retirement investment avenue that will help you lead a peaceful retired life. Live the lifestyle you want and enjoy your golden years without any worries.