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Canara HSBC Life Smart Stage Money Back Plan

What is the Plan all About?

Smart Stage Money Back Plan is a traditional savings oriented money-back with-profit plan that helps you take care of your life’s key milestones such as children’s education/marriage, buying a home, planning post-retirement life, etc. This plan provides guaranteed money backs and maturity benefit along with life cover.


What are the Key Features?

  • 15% of sum assured for each 3 guaranteed money back payouts
  • Guaranteed Maturity Benefit as 55% of sum assured
  • Enhance lump sum maturity amount through bonuses
  • Life cover available for the entire policy term
  • Limited premium payment period of 11 years
  • Rebate on opting high sum assured
  • Avail tax benefits under previling income tax laws

What are the Plan Benefits?

Death Benefit

    In the event of death of the life assured during the term of the policy, Death Benefit Sum Assured plus added annual bonus plus final bonus. Death Benefit Sum Assured is higher of 10 times the Annualized Premium or Sum Assured.

    The total death benefit is subject to the minimum of 105% of the total premiums paid, till the date of death. The death benefit payable is irrespective of the money back benefit paid.

Maturity Benefit

    On survival of the life assured till maturity of the policy, 55% of Sum Assured plus Accumulated Annual Bonuses along with Final Bonus is payable.

Money Back Benefit

    Guaranteed money back payouts of 15% of sum assured each is payable at the end of 4th, 8th & 12th policy year.


    Bonuses are added in this plan and these are declared at the end of every financial year, depending on the company’s experience in the with-profit fund. When added to the policy, bonuses become guaranteed and to be paid on the earlier occurrence of death or maturity. Annual Bonus is added every year and it is a percentage of Sum Assured. This bonus is payable on maturity or death, whichever occurs earlier. Final Bonus is a percentage of Sum Assured.

Loan Benefit

    No loan benefit is available under this plan.

Surrender Value

    This policy acquires a Guaranteed Surrender Value after paying at least three full policy years’ premium.

Tax Benefit

    You can avail tax benefits as applicable under the Income Tax Act, subject to prevailing tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 8 Years 55 Years
Age at Maturity - 70 Years
Policy Tenure 15 Years -
Premium Paying Term 11 Years -
Premium Paying Mode Annually & Monthly -
Premium Amount Depends On Minimum Entry Age And Minimum Sum Assured No Limit
Sum Assured Rs 1 Lac No Limit (subject To Underwriting)
Freelook Period 15 Days From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Offline -

Is any Rider Available with this Plan?

No riders can be opted under this plan.

How the Plan Works?

Raman at 35 years, wants to buy Smart Stage Money Back Plan to get regular money backs along with life protection. He opts the plan with the policy term of 15 years and sum assured of Rs 5,00,000.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Guaranteed money back payouts of Rs 75,000 (as 15% of sum assured) each is payable at the end of 4th, 8th & 12th policy year. He also receives Rs 2,75,000 plus Accumulated Annual Bonuses along with Final Bonus.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Rs 5 Lacs plus added annual bonus plus final bonus is payable to the nominee.

Benefit Illustration:

Smart Stage Money Back Plan