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About Wealth Edge
In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN 136L085V02
Canara HSBC Life Insurance Wealth Edge, a Unit Linked Individual Savings Life Insurance Plan, designed as per your needs. This plan recognizes the importance of your life goals and helps you fulfil them along with the added shield of life insurance to protect you and your family against any uncertainties in the future. It empowers you to deliver the promises you have made to your near and dear 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.
Invest Plus
Why Buy
- Build your wealth over the years by investing a premium regularly in investment funds of your choice.
- Multiple Plan Options to choose from: ‘Invest Plus’, ‘Premium Plus’ or ‘Life Plus’.
- Recurring income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO).
- Return of Mortality Charges, Loyalty Addition and Wealth Boosters to enhance your fund value.
- Flexibility with the option 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 9 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
- Midcap Momentum Growth Index 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.
Ritika, aged 40 years is a wealthy businesswoman and is looking for a financial solution which will help her expand her business. She opts for Canara HSBC Life Insurance Wealth Edge -Invest Plus option and opts for limited premium payment mode with a Policy Term of 20 years and a Premium Payment Term of 10 years along with a life insurance cover of 10 times the Annualized Premium. She decides to pay an Annual Premium of Rs. 5 Lakhs and opts for Systematic Transfer Option (STO) investment strategy.
Maturity Benefit
Ritika, with a disciplined contribution, at the end of 20 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 Ritika’s unfortunate death in the 15th 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) |
|---|---|---|
| 1.1 X | 50 to 70 | 5 to 30 |
| 1.25 X | Less than 50 | 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 |
56 – 60 | 7/10/15 | 10 to 20 |
| 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
Age at Entry (in years)- less than 50: For Limited Pay / Regular Pay - 7 times the Annualized Premium
For Single Pay – 1.25 times the Single Premium
Age at Entry (in years) - 50 – 70: For Limited Pay / Regular Pay - 5 times the Annualized Premium
For Single Pay – 1.10 times the Single 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 | 1,25,000 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 |
PREMIUM PLUS
Why Buy
- Build your wealth over the years by investing a premium regularly in investment funds of your choice.
- Multiple Plan Options to choose from: ‘Invest Plus’, ‘Premium Plus’ or ‘Life Plus’.
- Recurring income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO).
- Return of Mortality Charges, Loyalty Addition and Wealth Boosters to enhance your fund value.
- Flexibility with the option 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 9 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
- Midcap Momentum Growth Index 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.
Kumar, aged 40, is working as a manager in an MNC and is the sole earning member of the family. He is a proud father and wants to provide the best education to his 5 year old daughter, Kanika. Kumar wants to create a fund for his daughter’s safe and secure future which will take care of her education and marriage even if he is not around tomorrow. Kumar chooses Canara HSBC Life Insurance Wealth Edge-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.
Maturity Benefit: The table below shows maturity values with multiple scenarios assuming annual gross investment return of 4% and 8% with 100% investment in an Equity II Fund.
Death Benefit: In case of Kumar’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
Age at Entry (in years)- less than 50 : 7 times the Annualized Premium
Age at Entry (in years) - 50 : 5 times the 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 | 1,25,000 per year | |
| Semi-Annual | 75,000 per half year | |
| Quarterly | 43,750 per quarter | No Limit |
| Monthly | 16,667 per month |
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 |
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 |
LIFE PLUS
Why Buy
- Build your wealth over the years by investing a premium regularly in investment funds of your choice.
- Multiple Plan Options to choose from: ‘Invest Plus’, ‘Premium Plus’ or ‘Life Plus’.
- Recurring income with Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO).
- Return of Mortality Charges, Loyalty Addition and Wealth Boosters to enhance your fund value.
- Flexibility with the option 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 9 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
- Midcap Momentum Growth Index 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.
Mishra, 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 Wealth Edge-Life Plus. He opts for limited premium payment mode with 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. 5 Lakhs and opts for India Multi Cap Equity Fund.
Maturity Benefit: The table below shows fund values for multiple scenarios at age 100 years assuming annual gross investment return of 4% and 8% with 100% investment in Large Cap Advantage Fund.
Death Benefit: In case of Mishra’s unfortunate death in the 20th policy year, the death benefit, based on the assumed annual gross investment returns, are as per the table below.
Age Criteria
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Age at entry | 18 years | 70 years |
| Maturity Age | Up till age 100 years |
| For Limited Pay | ||
|---|---|---|
| Age at Entry (in years) | PPT (in years) | PT (in years) |
| 18 – 70 | 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
Age at Entry (in years)- less than 50 : 7 times the Annualized Premium
Age at Entry (in years) - 50 to 70 : 5 times the 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 | 1,25,000 per year | No Limit |
| Semi-Annual | 75,000 per half year | |
| Quarterly | 43,750 per quarter | |
| Monthly | 16,667 per month |
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 |