iSelect Smart 360 Term Plan Insurance

HSBC IN
Insurance
iSelect Smart 360 Term Plan

Canara HSBC Life Insurance Company Limited iSelect Smart 360 Term Plan is designed to protect you against life's uncertainties. It's a highly flexible term plan that you can match to your life stage and needs. It offers different options for coverage, premium payment and benefit payouts.

Why you'll want it?

iSelect Smart360 Term Plan offers multiple plan options like Life Secure, Life Secure with Income and Life Secure with Return of Premium. The plan also provides option of whole life coverage, covering spouse in the same policy, multiple premium payment options including short tenure like 5 or 10 years as well as option to pay during your working years i.e. till you reach the age of 60.

Key Things about the Plan:

Multiple options for coverage, premium payment and benefit payouts helps you build the right plan for your needs
Choice of cover for a limited period or for your entire lifetime
Option to enhance your cover through additional inbuilt coverages (additional riders) like Accidental Death Benefit, Child Care Benefit, Accidental Total and Permanent Disability Benefit, Critical Illness Benefit and Terminal Illness Benefit
Option to Block Your Premium at inception and increase cover up to 100% of Base Sum Assured in next 5 Years under Life Secure plan option
Option of adding Spouse in the same policy with a discount on the rates for the Spouse under Life Secure plan option
Multiple premium payment options, including regular payment, payment for a limited duration of 5/10/15/20/25 years or pay only during your working years i.e. till you are 60 years old
Multiple options to receive benefits as lump-sum, monthly income or part lump-sum part monthly income with the option to choose both level / increasing income
Increase your life cover with changing life stages and protection needs in the same plan by augmenting cover at key life milestones
Discounts on premiums for higher sums assured, special discounts on premiums for female customers
Loyalty discount for the existing customers of the Company

Plan UIN number:

136N080V01

Ways to open:

Online, Branch

How it works

A. Customise your plan to suit your insurance requirements
Step	Details
Select one of the Plan options	Life Secure Life Secure with Income Life Secure with Return of Premium
Select one of the Coverage Options	Level Increasing
Select any of the Optional In-Built Covers (Additional riders), if required:	Accidental Death Benefit (ADB) Accidental Total & Permanent Disability Benefit (ATPD) -Premium Protection Accidental Total & Permanent Disability Benefit (ATPD) – Premium Protection Plus Critical Illness (CI) – Premium Protection Critical Illness (CI) – Premium Protection Plus Terminal Illness (TI) Benefit Child Care Benefit (CCB) Block Your Premium (BYP) Benefit Note: ATPD-PP/ATPD-PPP and CI-PP/CI-PPP cannot be opted together. Further TI benefit will not available under Life Secure with Income option and CCB & BYP will be available under Life Secure Plan option only.
Option to cover Spouse, if needed	Applicable under Life Secure Plan option and can be opted at Policy inception only
Carefully select any one of the Benefit Payout Options. Once selected, this cannot be changed post policy issuance	Lumpsum Monthly Income Part Lumpsum & Part Monthly Income For Part Lumpsum and Part Monthly Income, choose the proportion 25% / 75%, 50% / 50% or 75% / 25%. Within Monthly Income, choose level / increasing (at 5% p.a. or at 10% p.a.) Monthly Income and choose to receive it in equal monthly installments over 60 months. Where Policy Term opted is beyond 80 years of age, only Lump sum Death Benefit Payout option is available. Similarly, Sum Assured paid under different Optional In-built Covers, as opted, will only be paid as a Lump sum only.

A. Customise your plan to suit your insurance requirements
Step	Select one of the Plan options
Details	Life Secure Life Secure with Income Life Secure with Return of Premium

Step	Select one of the Coverage Options
Details	Level Increasing

Step	Select any of the Optional In-Built Covers (Additional riders), if required:
Details	Accidental Death Benefit (ADB) Accidental Total & Permanent Disability Benefit (ATPD) -Premium Protection Accidental Total & Permanent Disability Benefit (ATPD) – Premium Protection Plus Critical Illness (CI) – Premium Protection Critical Illness (CI) – Premium Protection Plus Terminal Illness (TI) Benefit Child Care Benefit (CCB) Block Your Premium (BYP) Benefit Note: ATPD-PP/ATPD-PPP and CI-PP/CI-PPP cannot be opted together. Further TI benefit will not available under Life Secure with Income option and CCB & BYP will be available under Life Secure Plan option only.

Step	Option to cover Spouse, if needed
Details	Applicable under Life Secure Plan option and can be opted at Policy inception only

Step	Carefully select any one of the Benefit Payout Options. Once selected, this cannot be changed post policy issuance
Details	Lumpsum Monthly Income Part Lumpsum & Part Monthly Income For Part Lumpsum and Part Monthly Income, choose the proportion 25% / 75%, 50% / 50% or 75% / 25%. Within Monthly Income, choose level / increasing (at 5% p.a. or at 10% p.a.) Monthly Income and choose to receive it in equal monthly installments over 60 months. Where Policy Term opted is beyond 80 years of age, only Lump sum Death Benefit Payout option is available. Similarly, Sum Assured paid under different Optional In-built Covers, as opted, will only be paid as a Lump sum only.

B. Once you have tailored the plan based on your needs,

Choose your Sum Assured, Policy Term, Premium Payment Term and Premium Payment Mode
Provide your details like age, gender, health status, lifestyle habits, tobacco/alcohol consumption behaviour and occupation
Generate your premium quote and share remaining relevant personal information regarding occupation, lifestyle and health; and details of your nominee, if applicable
Proceed to pay your premium online using HSBC Credit or Debit Card

Benefits

Death Benefit

In case of death of Life Insured/Spouse, as applicable, the Sum Assured on Death is payable provided the policy is in-force at the time of the event. Policy terminates upon payment of the benefit.

Two Coverage Options Details
Level	Increasing
Your coverage amount will remain same throughout the Policy Term. However, if you are paying regular premium, you have the option to increase your Sum Assured thrice during your Policy Term without any underwriting on occurrence of any of the below listed Life Events, subject to the terms & conditions of the policy: On marriage: 50% of the SA under the plan Birth/Legal Adoption of a child: 25% of the SA under the plan House purchase: 25% of the SA under the plan	Your insurance cover will increase by 10% p.a. (simple interest) every policy year, up to an overall increase in the Sum Assured to 100% of the original Sum Assured.

Two Coverage Options Details
Level	Your coverage amount will remain same throughout the Policy Term. However, if you are paying regular premium, you have the option to increase your Sum Assured thrice during your Policy Term without any underwriting on occurrence of any of the below listed Life Events, subject to the terms & conditions of the policy: On marriage: 50% of the SA under the plan Birth/Legal Adoption of a child: 25% of the SA under the plan House purchase: 25% of the SA under the plan
Increasing	Your insurance cover will increase by 10% p.a. (simple interest) every policy year, up to an overall increase in the Sum Assured to 100% of the original Sum Assured.

Eight Optional In-Built Covers (Additional riders) - 1-4
Accidental Death Benefit (ADB)	Accidental Total & Permanent Disability (ATPD) - Premium Protection	Accidental Total & Permanent Disability (ATPD) - Premium Protection Plus	Child Care Benefit (CCB)
This is an additional benefit. In case of death due to accident, apart from the amount payable on death, an additional ADB Sum Assured will also be paid.	In the unfortunate event of Accidental Total and Permanent Disability, all the future premiums payable will be waived for the respective life and the policy will continue with the other coverages that you have opted for.	This is an additional benefit. On occurrence of Accidental Total and Permanent Disability, the ATPD Sum Assured will be paid, all future premiums payable will be waived off for the respective life and the policy will continue with the other coverages that you have opted for.	This is an additional benefit which allows you to safeguard your child's future. Apart from the amount payable on death, additional CCB Sum Assured will be paid when death of Life Assured occurs when his/her child is aged between 0 to 21 Years. The CCB Sum Assured can be utilised to take care of all the milestones that you have planned for your child.

Eight Optional In-Built Covers (Additional riders) - 1-4
Accidental Death Benefit (ADB)	This is an additional benefit. In case of death due to accident, apart from the amount payable on death, an additional ADB Sum Assured will also be paid.
Accidental Total & Permanent Disability (ATPD) - Premium Protection	In the unfortunate event of Accidental Total and Permanent Disability, all the future premiums payable will be waived for the respective life and the policy will continue with the other coverages that you have opted for.
Accidental Total & Permanent Disability (ATPD) - Premium Protection Plus	This is an additional benefit. On occurrence of Accidental Total and Permanent Disability, the ATPD Sum Assured will be paid, all future premiums payable will be waived off for the respective life and the policy will continue with the other coverages that you have opted for.
Child Care Benefit (CCB)	This is an additional benefit which allows you to safeguard your child's future. Apart from the amount payable on death, additional CCB Sum Assured will be paid when death of Life Assured occurs when his/her child is aged between 0 to 21 Years. The CCB Sum Assured can be utilised to take care of all the milestones that you have planned for your child.

Eight Optional In-Built Covers (Additional riders) - 5-8
Critical Illness (CI) – Premium Protection	Critical Illness (CI) – Premium Protection Plus	Terminal Illness (TI) Benefit	Block Your Premium
In the unfortunate event of occurrence of covered Critical Illness, all the future premiums payable will be waived for the respective life and the policy will continue with the other coverages that you have opted for.	This is an additional benefit. On occurrence of covered Critical Illness, the CI Sum Assured will be paid, all future premiums payable will be waived off for the respective life and the policy will continue with the other coverages that you have opted for.	This is an accelerated benefit. In case of diagnosis of Terminal Illness, lump sum TI benefit shall be paid immediately and policy will continue for remaining SA, if any.	With this benefit, Life Assured/Spouse has the option to block their premium rate of base Death Benefit at policy inception for a period of 5 Years during which amount payable on death (BYP Sum Assured) can be increased up to 25%/50%/75%/100% of the Sum Assured, as chosen at policy inception for respective live(s), without any additional underwriting and irrespective of the attained age.

Eight Optional In-Built Covers (Additional riders) - 5-8
Critical Illness (CI) – Premium Protection	In the unfortunate event of occurrence of covered Critical Illness, all the future premiums payable will be waived for the respective life and the policy will continue with the other coverages that you have opted for.
Critical Illness (CI) – Premium Protection Plus	This is an additional benefit. On occurrence of covered Critical Illness, the CI Sum Assured will be paid, all future premiums payable will be waived off for the respective life and the policy will continue with the other coverages that you have opted for.
Terminal Illness (TI) Benefit	This is an accelerated benefit. In case of diagnosis of Terminal Illness, lump sum TI benefit shall be paid immediately and policy will continue for remaining SA, if any.
Block Your Premium	With this benefit, Life Assured/Spouse has the option to block their premium rate of base Death Benefit at policy inception for a period of 5 Years during which amount payable on death (BYP Sum Assured) can be increased up to 25%/50%/75%/100% of the Sum Assured, as chosen at policy inception for respective live(s), without any additional underwriting and irrespective of the attained age.

About the Plan Details
Parameters	Minimum	Maximum
Age at Entry	18 years	65 years, subject to applicable conditions as specified in the Product Brochure
Age at Maturity	28 years	99 years (80 Years for Non-Working Spouse) 75 years if ADB/ TI/ ATPD-PP/ATPD-PPP Optional In-Built Cover are opted If CI-PP/CI-PPP Optional In-Built Cover is opted, maximum maturity of the base plan can be 99 years while the maximum maturity of CI cover will be 70 years in case of Life Secure Plan and Life Secure with Income Option whereas for Life Secure with Return Of Premium option,the max maturity age shall be 70 years both for base & CI benefit.
Policy Term (subject to Maximum Maturity Age)	Life Secure 5^* years Life Secure with Income: 65 minus age at entry Life Secure with Return of Premium: 10 Years	Life Secure: 81 Years (99 minus age at entry) Life Secure with Income: 81 Years (99 minus age at Entry) Life Secure with Return of Premium: 81 Years (99 minus age at Entry)
Sum Assured	Life Secure: INR25 Lakhs Life Secure with Income/Life Secure with Return of Premium: INR15 Lakhs Critical Illness Sum Assured: INR5 Lakhs	No Limit (Subject to Board Approved Underwriting Policy) For Non-working Spouse: Rs.50 Lakhs Optional In-built Covers (subject to underwriting) ADB/Terminal Illness Sum Assured: Rs. 2 Crore ATPD Sum Assured: Rs 1 Crore Critical Illness Sum Assured: Rs. 50 Lakhs capped at 50% of Base Sum Assured

About the Plan Details
Parameters	Age at Entry
Minimum	18 years
Maximum	65 years, subject to applicable conditions as specified in the Product Brochure

Parameters	Age at Maturity
Minimum	28 years
Maximum	99 years (80 Years for Non-Working Spouse) 75 years if ADB/ TI/ ATPD-PP/ATPD-PPP Optional In-Built Cover are opted If CI-PP/CI-PPP Optional In-Built Cover is opted, maximum maturity of the base plan can be 99 years while the maximum maturity of CI cover will be 70 years in case of Life Secure Plan and Life Secure with Income Option whereas for Life Secure with Return Of Premium option,the max maturity age shall be 70 years both for base & CI benefit.

Parameters	Policy Term (subject to Maximum Maturity Age)
Minimum	Life Secure 5^* years Life Secure with Income: 65 minus age at entry Life Secure with Return of Premium: 10 Years
Maximum	Life Secure: 81 Years (99 minus age at entry) Life Secure with Income: 81 Years (99 minus age at Entry) Life Secure with Return of Premium: 81 Years (99 minus age at Entry)

Parameters	Sum Assured
Minimum	Life Secure: INR25 Lakhs Life Secure with Income/Life Secure with Return of Premium: INR15 Lakhs Critical Illness Sum Assured: INR5 Lakhs
Maximum	No Limit (Subject to Board Approved Underwriting Policy) For Non-working Spouse: Rs.50 Lakhs Optional In-built Covers (subject to underwriting) ADB/Terminal Illness Sum Assured: Rs. 2 Crore ATPD Sum Assured: Rs 1 Crore Critical Illness Sum Assured: Rs. 50 Lakhs capped at 50% of Base Sum Assured

About payment
Premium Payment Term (PPT)	Life Secure Regular Pay Limited Pay options of 5/10/15/20/25/Up to age 60 years Life Secure with Income/Life Secure with Return of Premium: Regular Pay Limited Pay options of 10/15/20/25/Up to age 60 years
Premium Payment Mode	Yearly / Half- yearly / Quarterly / Monthly

About payment
Premium Payment Term (PPT)	Premium Payment Mode
Life Secure Regular Pay Limited Pay options of 5/10/15/20/25/Up to age 60 years Life Secure with Income/Life Secure with Return of Premium: Regular Pay Limited Pay options of 10/15/20/25/Up to age 60 years	Yearly / Half- yearly / Quarterly / Monthly

The policyholder may change the premium payment mode anytime during the PPT subject to application of modal factor. There is no fee on such alteration.
Mode	Modal Factors
Annual	1.00
Half-Yearly	0.51
Quarterly	0.26
Monthly	0.09

The policyholder may change the premium payment mode anytime during the PPT subject to application of modal factor. There is no fee on such alteration.
Mode	Annual
Modal Factors	1.00

Mode	Half-Yearly
Modal Factors	0.51

Mode	Quarterly
Modal Factors	0.26

Mode	Monthly
Modal Factors	0.09

Premium

Varies and depends on the Age, Gender, Tobacco usage, chosen Plan Option, Coverage Option, Sum Assured, Policy Term, Premium Payment Term, Premium Payment Mode, Optional In-built Cover(s) available under the plan and Underwriting.

Note:

The Sum Assured for Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness, Terminal Illness, Child Care Benefit under Optional In-built Covers can be chosen independently from the Sum Assured opted under the base Plan Option at inception but cannot be more than the same.
For Block Your Premium option, the Policy Term of the base Death Benefit should be more than or equal to 10 years.

Key things you should know

Under regular premium payment of Life Secure Plan option there will be no surrender value payable
Your policy will lapse if you do not pay due premium within the grace period under Life Secure Plan option whereas if you do not pay due premium within the grace period after payment of first 2 year’s premium under Life Secure with Income and Life Secure with Return of Premium option, your policy will acquire paid-up status
If you have a 'protection' need, you can click below on 'Apply now' and you will be redirected to the website of Canara HSBC Life Insurance Company Limited (CHL) (Insurer)
Non-resident customers should take into consideration the statutory and regulatory requirements of their respective jurisdictions and shall ensure compliance with the same before buying this product. By facilitating purchase of this product, HSBC India makes no representation that the product is suitable for any particular customer or is appropriate in accordance with any applicable local laws, rules or regulations
You should go through the sales brochure to have a complete understanding of the Policy you are purchasing. You must disclose all details (including health details) correctly in the online proposal form
Since this product is offered to existing HSBC India customers only, the first premium payment for this product can only be made online through either HSBC India Credit or Debit Card
Acceptance of the application will be subject to underwriting as per Insurer's board approved underwriting policy
Purchase of insurance product is purely voluntary and is not linked to availing of any other facility from the Bank
Tax Benefits as per the Income Tax Act, 1961 as amended from time to time, may be available. For tax related queries, contact your independent tax advisor

Apply for iSelect Smart 360 Term Plan

Apply now . Go to Canara HSBC life insurance portal This link will open in a new window

Before applying, please go through the sales brochure to have a complete understanding of the Policy you are purchasing.

Important information

Terms and conditions

This product would not be offered to customers having residence in Japan or nationality of Japan
(For US Person only)
1. There are restrictions on making requests to revival of policies, if the request is made while you are in the USA
2. There are restrictions if any policy servicing requests (which impacts the premium or requires change in policy terms and conditions) is made while you are in the USA
3. Neither HSBC India nor Canara HSBC Life Insurance Company will be able to send renewal notices or communications on restricted policy servicing activities to your US address or by email when you are in the USA
Insurance is the subject matter of the solicitation
The Insurance product is offered and underwritten by the insurer Canara HSBC Life Insurance Company Limited (IRDA Regn. No. 136), 139 P, Sector 44, Gurugram – 122003, Haryana, India.
The Hongkong and Shanghai Banking Corporation Limited, India (IRDAI Regn. No. CA0016) (HSBC India / the Bank) whose India corporate office is at 52/60, M. G. Road, Fort, Mumbai 400 001, is the Corporate Agent of Canara HSBC Life Insurance Company Limited and does not underwrite the risk or act as an insurer
The contract of insurance is between the insurer and the insured and not between HSBC India and the insured
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale
You may also reach out to the insurer, Canara HSBC Life Insurance Company Limited at the contact details given below:

Website: www.canarahsbclife.com. This link will open in a new window.

Call: 1800-103-0003/1800-180-0003/1800-891-0003

E-mail: customerservice@canarahsbclife.in

SMS your query to: 9779030003 to get a call back within 48 hours

Beware of spurious / fraud phone calls!

IRDAI is not involved in activities like selling Insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint

iSelect Smart360 Term Plan

Why you'll want it?

Plan UIN number:

Ways to open:

How it works

Benefits

Death Benefit

Two Coverage Options

Eight Optional In-Built Covers (Additional riders)

About the Plan

Key things you should know

Apply for iSelect Smart 360 Term Plan

Important information

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