Premium Quotation for Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan

(UIN: 136N045V01)

Dear Mr. Amit Gaurav,

Thank you for your interest in our Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan. Based on the details provided by you, and as reproduced below, the premium quotation customized to your requirements is appended.

Life Assured Details Spouse Details (if applicable) e-Application Number: 7000042346 Date of quote:04 May 2018
Name: Mr. Amit Gaurav Name: NA
Date of Birth: 12 Sep 1989 Date of Birth: NA Installment premium (Life Assured) (Rs.): 786.00
Gender: MALE Gender: NA Installment premium (Spouse Cover) (Rs.): NA
Age: 28 Years Age: NA Total Installment Premium (Rs.): 786.00
Category: Non-Tobacco User Sum Assured (Rs.): NA Goods and Services Tax & applicable cess (es)/levy, if any (Rs.): 141.00
Sum Assured (Rs.): 70,00,000.00 Amount payable (Rs.): 927.00
Coverage Option: Increasing Additional Accidental Death benefit NA Total Amount payable for the year (Rs.): 11,124.00
(Rs.):
Plan Option: Only Me Accidental Total & Permanent NA
Disability benefit (Rs.):
Benefit payout option lump sum
Life Assured Death Benefit (Rs.) 70,00,000.00
Benefit payout (lump sum)* (Rs.): 70,00,000.00
Benefit payout (50% in lump sum, NA
balance in equal monthly installment
over 120 months)* Lump sum (Rs.):
Monthly Income (Rs.): NA
Benefit payout (equal monthly NA
installment over 120 months)*
Monthly Income (Rs.):
Premium Payment Frequency: Monthly
Policy Term (yrs): 40 Years
Premium Paying Term (yrs): 40 Years
* This is applicable only for Level Cover option. For Increasing Cover option these amounts will increase as per terms and conditions of the Policy.
Disclosures:
1 Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan is an individual, non-linked, non-participating, regular premium payment term life insurance contract.
2 Tax Benefits under the plan will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.
3 The above illustration takes into account currently applicable Goods and Services Tax including applicable cess(es)/other levy, if any. However, the applicable taxes may change from time to time and premium payable will change accordingly.

Disclaimers :
1 Issuance of the policy and acceptance of the risk is completely at the discretion of the Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited ("Company") and this premium quotation would in no way be tantamount to acceptance of risk by the Company.
2 The above premium is for a healthy individual. Your application will be assessed as per board approved underwriting guidelines of the company. Basis underwriting, it may result in an extra premium to be paid, which shall be borne by you.
3 For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
4 The mentioned quote is valid till next birthday or 30 days from the quote generation date whichever is earlier.
5 For any further clarifications, please free to contact us at 1800-103-0003 or email us at customerservice@canarahsbclife.in or visit our website www.canarahsbclife.com.