Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
Our representative will get back to you soon.
You can also directly contact us at

Canara HSBC OBC Assured Nivesh Plan

What is the Plan all About?

We try to work hard to achieve the financial objectives of life and ensure that our loved ones reap the benefit of the savings that we do systematically throughout our lifetime. Assured Nivesh Plan is a savings-cum protection plan that provides life insurance cover along with savings in a single plan. This plan offers limited pay options wherein you pay only for a short duration, but the benefits are for the longer term of the policy.


What are the Key Features?

  • Comprehensive life protection cum saving plan
  • Limited pay option to pay a premium
  • Guaranteed savings ensured
  • Increase in maturity value due to addition of bonuses
  • Rebate on choosing high sum assured
  • Avail Tax Benefit under IT Act

What are the Plan Benefits?

Death Benefit

    In case the Life Assured dies during the policy term, the company pays the Sum Assured on death to the nominee under this plan, which will be higher of: i) Sum Assured, ii) Guaranteed Sum Assured on Maturity, and iii) 105% of {the total premiums paid till the date of death. Under this plan, Sum Assured is defined as Annual Premium times Sum Assured Multiple. The plan also offers inbuilt Accidental Death Benefit which offers an additional benefit equal to the Sum Assured in case of an accidental death.

Maturity Benefit

    Maturity benefit is payable if the insured survives the policy term. Maturity value is the  Guaranteed Sum Assured on Maturity, which will be equal to 137.5% of the total premiums paid.


    Applicable bonus is paid by the company. The amount of future bonuses will be declared at the sole discretion of the Company. Simple reversionary and terminal bonus is payable. The bonus in this plan may vary from time to time.

Loan Benefit

    The minimum loan amount that a policyholder can avail  post having a surrender value in the policy  is Rs. 20,000 and the maximum should not exceed 80%of prevailing Surrender Value at that time.

Surrender Value

    The Guaranteed Surrender Values payable under this product are as follows: A * (Total Premiums Paid excluding extra premium, if any) + B * (Accrued Reversionary Bonuses, if any)

Tax Benefit

    Premiums paid, are eligible for the tax benefits as per Section 80C  and the death benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 55 Years
Age at Maturity 28 Years 75 Years
Policy Tenure 15 Years 20 Years
Premium Paying Term For Policy Term 15 Years - 7 Years Premium Paying Term For Policy Term 20 Years - 10 Years Premium Paying Term -
Premium Paying Mode Annually And Monthly -
Premium Amount Depend On The Entry Age Depend On The Sum Assured
Sum Assured Rs 3 Lac For Annual Mode Rs 5 Lacs For Monthly Mode No Upper Limit
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days/ 15 Days For Monthly Mode -
Plan Type Offline -

Is any Rider Available with this Plan?

No Riders are available under this plan.

How the Plan Works?

Let us understand the pla with the case of Mr. Gupta

Age: 35 years old

Family Structure: Married and has a three year old child.

Future Plan: Mr. Gupta is planning to build a financial amount after 15 years, through regular savings. to protect his family against unfortunate death.

Plan Bought: Assured Nivesh Plan.

Sum Assures: Rs  500,000 plus additional bonuses.

Premium Payment Term and Policy Term:  7-pay 15-year variant

Premium : Rs. 67,520 annually  (before applicable taxes)

Death benefit :  is sum assured of Rs 6,75,200. His family also gets the annual bonuses added till date of death (and any interim bonus for the part of the financial year in which death occurs) along with final bonus (if any).

Please note that the death benefit will be at least 105% of all premiums paid till date of death less extra premiums paid if any.

Maturity Benefit: Guaranteed Sum Assured on maturity which is equal to Rs 5,00,000 subject to all premiums being paid as and when due.

Bonus: Regular annual bonuses added to the policy will be payable either on death or maturity whichever is earlier. Further, Mr. Gupta may be eligible for final bonus, if any.