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About Alpha Wealth
In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN 136L088V01
Canara HSBC Life Insurance Alpha Wealth, a Unit Linked Individual Savings Life Insurance Plan. This plan helps you achieve your ambitious life goals and provides an added shield of life insurance to protect you and your family in case of any unfortunate circumstances. Now you can fulfil your promises with the same ease with which you have conquered the numerous milestones, while securing the future for your loved ones.
Choose from our top plans
Depending upon your financial need, you can select your plan option (any ONE) from the following available options under this product.
Alpha Invest Plus
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits
Download Forms
- Benefits
- Other Benefits
- How it Works
- Age Criteria
- Policy Term And Premium Payment Term
- Sum Assured Multiple
- Premium Payment Multiple
Death Benefit
Higher of:
- Sum Assured less partial withdrawals/ withdrawals under MWO / withdrawals under SWO, if any, in the preceding two years, or
- Fund Value as on date of intimation of death claim, or
- 105% of all Premiums paid up to the date of death
Maturity Benefit
- Fund Value as on the date of maturity
Choice of Portfolio Management Strategies
1. Systematic Transfer Option (STO)
Reduces risks associated with lumpsum investing by investing in the equity market in a systematic manner. Entire Premium will be invested in the Liquid Fund and then systematically transferred on a monthly basis into an Equity Fund.
2. Return Protector Option (RPO)
Protects investment gains from future market volatility. Automatic transfer of investment gains from Equity Fund to Debt Fund.
3. Auto Funds Rebalancing (AFR)
Helps in maintaining investments in a specific proportion across different Unit Linked Funds, irrespective of market movements. After every 3 months, the investments are automatically rebalanced in in various Unit Linked Funds to the allocation proportions chosen by you.
4. Safety Switch Option (SSO)
The funds are systematically moved to a relatively low risk Liquid Fund in the last four policy years to avoid market movements and safeguard the funds near policy maturity
5. Loss Protector Strategy (LPO)
Protect investments in case of a market down turn. In case of a downturn in market investment is transferred from high risk to low risk funds, thus reducing the risk.
Choice of Funds
Choose from a range of 8 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Large Cap Advantage Fund
- Debt Fund
- Liquid Fund
Additions in the Fund
Loyalty Additions
Regular loyalty additions at the end of the each Policy Year, starting from the 6th Policy Year onwards till the end of chosen Policy Term equal to 0.5% of the average Fund Values of the last 12 monthly Policy anniversaries.
Wealth Boosters
| At the end of | Wealth Booster (as a percentage of the average Fund Value of the last 60 monthly Policy Anniversaries) |
|---|---|
| 10th Policy Year | 2.90% |
| 15th Policy Year and thereafter at the end of every 5 Policy Years | 1.50% |
Return of Mortality Charges
Total of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value at the maturity date.
Product Flexibilities
Change in Premium Payment Term
Flexibility to change your Premium Payment Term to align it with your changing financial situation.
Increase or Decrease of Sum Assured
Option to alter your Sum Assured based on your protection needs.
Option to increase Policy Term
Flexibility to change your Policy Term to align it with your changing horizon.
Settlement Option
Option to receive your maturity benefit through Settlement Option in installments as per the frequency chosen, over a maximum period of 5 years.
Option to reduce premium
You can choose to reduce your premium basis your financial needs.
Swati aged 40 years, is working in a corporate firm & is looking for a financial solution which will help her to create wealth for her daughter’s secure future. She opts for Canara HSBC Life Insurance Alpha Wealth – Alpha Invest Plus option and opts for limited premium payment mode with a Policy Term of 15 years and a Premium Payment Term of 5 years along with a life insurance cover of 10 times the Annualized Premium. She decides to pay an Annual Premium of Rs. 5 Lakhs. She chooses to invest 100% in Indiamulticap Equity Fund.
Maturity Benefit
Swati, with a disciplined contribution, at the end of 15 years is not only able to create a substantial corpus but also developed a habit for savings towards a strong financial future.
Death Benefit: In case of Swati’s unfortunate death in the 10th policy year, the death benefit payable is:
Age Criteria
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age at entry | 0 years | 70 years |
| Maturity Age | 18 years | 80 years |
For Single Pay
| SA Cover Multiple | Age at entry (in years) | PT (in years) |
|---|---|---|
| 0 to 38 | 5 to 20 | |
| 10 X | 39 to 44 | 5 to 10 |
| 45 to 47 | 5 | |
| 1.25 X | 0 to 70 | 5 to 30 |
For Limited Pay
| Age at Entry (in years) | PPT (in years) | PT (in years) |
|---|---|---|
| 0 – 55 | 5/7/10/15/20/25 | 10 to 30 |
| 7/10/15 | 10 to 20 | |
| 56 – 60 | 5 | 10 to 15 |
| 61– 65 | 7/10/15 | 10 to 15 |
For Regular Pay
| Age at Entry (in years) | PPT (in years) | PT (in years) |
|---|---|---|
| 0 – 70 | Same as PT | 10 to 30 |
Minimum
For Single Premium- 1.25 times Single Premium basis Age at Entry
For Regular/ Limited Premium- 7 times Annualized Premium
Maximum
| Age at Entry (in years) | Limited Pay | Regular Pay | Single Pay | ||
|---|---|---|---|---|---|
| PT <=20 years | PT > 20 years | ||||
| 0-30 | 40 | 40 | 40 | 10 | |
| 31-40 | 25 | 20 | 40 | 10 | |
| 41-45 | 20 | 15 | 30 | 10 | |
| 46-47 | 15 | 10 | 20 | 10 | |
| 47+ | 10 | 10 | 10 | 1.25 |
Premium Payment Details
| Premium Payment Mode | Minimum (Rs.) | Maximum (Rs.) |
|---|---|---|
| Annual | 1,50,000 per year | |
| Semi-Annual | 100,000 per half year | |
| Quarterly | 50,000 per quarter | No Limit |
| Single Premium | 1,50,000 |
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits
Alpha Premium Plus
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits
Download Forms
- Benefits
- Other Benefits
- How it Works
- Age Criteria
- Policy Term and Premium Payment Term
- Sum Assured Multiple
- Premium Payment Multiple
Death Benefit
Higher of:
1. Sum Assured, or
2. 105% of total premiums paid up to the date of death.
The future premiums are waived, future premiums are funded by the Company and the Fund Value is payable at maturity.
Maturity Benefit
Fund Value as on the date of maturity.
Choice of Portfolio Management Strategies
1. Systematic Transfer Option (STO)
Reduces risks associated with lumpsum investing by investing in the equity market in a systematic manner. Entire Premium will be invested in the Liquid Fund and then systematically transferred on a monthly basis into an Equity Fund.
2. Return Protector Option (RPO)
Protects investment gains from future market volatility. Automatic transfer of investment gains from Equity Fund to Debt Fund.
3. Auto Funds Rebalancing (AFR)
Helps in maintaining investments in a specific proportion across different Unit Linked Funds, irrespective of market movements. After every 3 months, the investments are automatically rebalanced in in various Unit Linked Funds to the allocation proportions chosen by you.
4. Safety Switch Option (SSO)
The funds are systematically moved to a relatively low risk Liquid Fund in the last four policy years to avoid market movements and safeguard the funds near policy maturity.
5. Loss Protector Strategy (LPO)
Protect investments in case of a market down turn. In case of a downturn in market investment is transferred from high risk to low risk funds, thus reducing the risk.
Choice of Funds
Choose from a range of 8 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Large Cap Advantage Fund
- Debt Fund
- Liquid Fund
Additions in the Fund
Loyalty Additions
Regular loyalty additions at the end of the each Policy Year, starting from the 6th Policy Year onwards till the end of chosen Policy Term equal to 0.5% of the average Fund Values of the last 12 monthly Policy anniversaries.
Wealth Boosters
| At the end of | Wealth Booster (as a percentage of the average Fund Value of the last 60 monthly Policy Anniversaries) |
|---|---|
| 10th Policy Year | 2.90% |
| 15th Policy Year and thereafter at the end of every 5 Policy Years | 1.50% |
Return of Mortality Charges
Total of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value at the maturity date.
Product Flexibilities
Change in Premium Payment Term
Flexibility to change your Premium Payment Term to align it with your changing financial situation.
Increase or Decrease of Sum Assured
Option to alter your Sum Assured based on your protection needs.
Option to increase Policy Term
Flexibility to change your Policy Term to align it with your changing horizon.
Settlement Option
Option to receive your maturity benefit through Settlement Option in installments as per the frequency chosen, over a maximum period of 5 years.
Option to reduce premium
You can choose to reduce your premium basis your financial needs.
Ajay aged 45, is a successful business & wants to expand his business. Therefore, looking for a solution where he can create wealth & fulfil his dreams.. He chooses Canara HSBC Life Insurance Alpha Wealth– Alpha Premium Plus and opts for limited premium payment mode with a Policy Term of 15 years and a premium payment term of 10 years along with a life insurance cover of 10 times the Annualized Premium. He decides to pay an Annual Premium of Rs. 10 Lakhs and opts for Safety Switch Option (SSO) investment strategy. He chooses to invest 100% in Indiamulticap Equity Fund.
Maturity Benefit:
Death Benefit: In case of Ajay’s unfortunate death at the end of 5th policy year.
Age Criteria
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age at entry | 18 years | 50 years |
| Maturity Age | 28 years | 80 years |
| For Limited Pay | ||
|---|---|---|
| Age at Entry (in years) | PPT (in years) | PT (in years) |
| 18 – 50 | 10 /15 / 20 / 25 | 15 to 30 |
| 5 / 7 | 10 to 15 |
| For Regular Pay | ||
|---|---|---|
| Age at Entry (in years) | PPT (in years) | PT (in years) |
| 18 – 50 | Same as PT | 10 to 30 |
Minimum
7 times Annualized Premium
Maximum
| Age at Entry (in years) | Limited Pay | Regular Pay | |
|---|---|---|---|
| PT <=20 years | PT > 20 years | ||
| 0-30 | 40 | 40 | 40 |
| 31-40 | 25 | 20 | 40 |
| 41-45 | 20 | 15 | 30 |
| 46-47 | 15 | 10 | 20 |
| 47+ | 10 | 10 | 10 |
Premium Payment Details
| Premium Payment Mode | Minimum (Rs.) | Maximum (Rs.) |
|---|---|---|
| Annual | 1,50,000 per year | |
| Semi-Annual | 100,000 per half year | No Limit |
| Quarterly | 50,000 per quarter |
Premium Payment Details
| Premium Payment Mode | Minimum (Rs.) | Maximum (Rs.) |
|---|---|---|
| Annual | 1,25,000 per year | |
| Semi-Annual | 75,000 per half year | |
| Quarterly | 43,750 per quarter | No Limit |
| Monthly | 16,667 per month | |
| Single Premium | 1,25,000 |
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits
Alpha Life Plus
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits
Download Forms
- Benefits
- Other Benefits
- How it Works
- Age Criteria
- Policy Term and Premium Payment Term
- Sum Assured Multiple
- Premium Payment Multiple
Death Benefit
Higher of:
1. Sum Assured less partial withdrawals/ withdrawals under MWO / withdrawals under SWO, if any, in the preceding two years, or
2. Fund Value as on date of intimation of death claim, or
3. 105% of all Premiums paid up to the date of death
Maturity Benefit
Fund Value as on the date of maturity.
Choice of Portfolio Management Strategies
1. Systematic Transfer Option (STO)
Reduces risks associated with lumpsum investing by investing in the equity market in a systematic manner. Entire Premium will be invested in the Liquid Fund and then systematically transferred on a monthly basis into an Equity Fund.
2. Return Protector Option (RPO)
Protects investment gains from future market volatility. Automatic transfer of investment gains from Equity Fund to Debt Fund.
3. Auto Funds Rebalancing (AFR)
Helps in maintaining investments in a specific proportion across different Unit Linked Funds, irrespective of market movements. After every 3 months, the investments are automatically rebalanced in in various Unit Linked Funds to the allocation proportions chosen by you.
4. Safety Switch Option (SSO)
The funds are systematically moved to a relatively low risk Liquid Fund in the last four policy years to avoid market movements and safeguard the funds near policy maturity.
5. Loss Protector Strategy (LPO)
Protect investments in case of a market down turn. In case of a downturn in market investment is transferred from high risk to low risk funds, thus reducing the risk.
Choice of Funds
Choose from a range of 8 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Large Cap Advantage Fund
- Debt Fund
- Liquid Fund
Additions in the Fund
Loyalty Additions
Regular loyalty additions at the end of the each Policy Year, starting from the 6th Policy Year onwards till the end of chosen Policy Term equal to 0.5% of the average Fund Values of the last 12 monthly Policy anniversaries.
Wealth Boosters
| At the end of | Wealth Booster (as a percentage of the average Fund Value of the last 60 monthly Policy Anniversaries) |
|---|---|
| 10th Policy Year | 2.90% |
| 15th Policy Year and thereafter at the end of every 5 Policy Years | 1.50% |
Return of Mortality Charges
Total of all the Mortality Charges deducted during the Policy Term will be added to the Fund Value at the maturity date.
Product Flexibilities
Change in Premium Payment Term
Flexibility to change your Premium Payment Term to align it with your changing financial situation.
Increase or Decrease of Sum Assured
Option to alter your Sum Assured based on your protection needs.
Option to increase Policy Term
Flexibility to change your Policy Term to align it with your changing horizon.
Settlement Option
Option to receive your maturity benefit through Settlement Option in installments as per the frequency chosen, over a maximum period of 5 years.
Option to reduce premium
You can choose to reduce your premium basis your financial needs.
Ravi aged 35 years, plans to lead a long and healthy life. He wants to leave a financial legacy for the next generations of his family. He opts for Canara HSBC Life Insurance Alpha Wealth – Alpha Life Plus. He opts for limited premium payment mode with a Premium Payment Term of 10 years & policy term till the age of 99 years along with a life insurance cover of 10 times the Annualize Premium. He decides to pay an Annual Premium of Rs. 10 Lakhs and opts for India Multi Cap Equity Fund.
Maturity Benefit:
Death Benefit: In case of Ravi’s unfortunate death in the 20th policy year, the death benefit payable is:
Age Criteria
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age at entry | 18 years | 70 years |
| Maturity Age | 100 years |
| For Limited Pay | ||
|---|---|---|
| Age at Entry (in years) | PPT (in years) | PT (in years) |
| 18 – 50 | 10 /15 / 20 / 25 | 100 – Age at entry |
| For Regular Pay | ||
|---|---|---|
| Age at Entry (in years) | PPT (in years) | PT (in years) |
| 18 – 70 | Same as PT | 100 – Age at entry |
Minimum
7 times Annualized Premium
Maximum
| Age at Entry (in years) | Limited Pay | Regular Pay | |
|---|---|---|---|
| 0-30 | 40 | 40 | |
| 31-40 | 25 | 40 | |
| 41-45 | 20 | 30 | |
| 46-47 | 15 | 20 | |
| 47+ | 10 | 10 |
Premium Payment Details
| Premium Payment Mode | Minimum (Rs.) | Maximum (Rs.) |
|---|---|---|
| Annual | 1,50,000 per year | |
| Semi-Annual | 100,000 per half year | No Limit |
| Quarterly | 50,000 per quarter |
Premium Payment Details
| Premium Payment Mode | Minimum (Rs.) | Maximum (Rs.) |
|---|---|---|
| Annual | 1,25,000 per year | |
| Semi-Annual | 75,000 per half year | |
| Quarterly | 43,750 per quarter | No Limit |
| Monthly | 16,667 per month | |
| Single Premium | 1,25,000 |
Why Buy
- Create wealth by investing a premium regularly in your preferred investment funds to increase your wealth over time.
- 3 plan options to choose from: ‘Alpha Invest Plus’, ‘Alpha Premium Plus’ or ‘Alpha Life Plus’
- Regular income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO)
- Enhance your returns with Return of Mortality Charges, Loyalty Addition and Wealth Boosters
- Flexibility to alter your premiums, premium payment term, policy term and sum assured
- Avail Tax Benefits