Live worry-free Choose a secure & independent retired life

Transcription

1 In is policy, e investment risk in Investment portfolio is borne by e policyholder. Live worry-free Choose a secure & independent retired life Canara HSBC Oriental Bank of Commerce Life Insurance 5 SMART REASONS TO BUY Life Long Protection - Enjoy cover for whole life Unit Linked, Non-Participating Life Insurance Plan # Loyalty Additions - Get Loyalty Additions on staying invested for longer durations Auto Funds Rebalancing - Stay invested in desired funds rough Auto Rebalancing option irrespective of market movement Fund Options - Choice to invest and switch among 7 different fund options as per risk preference Tax Benefits* - Avail tax advantage on premiums paid and benefits received # Loyalty additions are made at e end of e 10 and 15 policy years provided all due premiums are received till at time.*tax benefits under e plan will be as per e prevailing Income Tax laws and are subject to amendments from time to tie. For tax related queries, contact your independent tax advisor. Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any oer facility from e bank. The Linked Insurance Products do not offer any liquidity during e first five years of e contract. The policy holder will not be able to surrender/widraw e monies invested in Linked Insurance Products completely or partially till e end of e fif year.

2 CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE SMART LIFELONG PLAN Life is all about e choices you make to fulfill your responsibilities. And wi every choice you make your biggest concern is wheer you have taken e right decision. Our Smart Lifelong plan has been designed to help you fulfill ese responsibilities so at rough life you can grow in e right direction by making e right choice. OUR SMART LIFELONG PLAN AT A GLANCE Long Term Protection: This plan provides life coverage till 99 years of Life Assured s age. You can customize e plan to suit your needs by taking advantage of a range of flexibilities: w w w w w Investment Funds: You can invest in up to seven fund options ranging from 0% to 100% equity exposure to match your appetite towards investment risks and returns. Auto Funds Rebalancing: You can maintain allocation of your investments in a specific proportion across funds, irrespective of market movements. Switching and Redirection: You have e option of switching and redirection between e fund options to take advantage of market movements or change in risk preference. Premium Payment Term: You can choose a premium paying term (10 years or more) to suit your earning capacity. Premium Paying Mode: You have e flexibility to choose annual or monly mode to pay premiums as per your requirement or to suit your income stream. You can also change your premium payment mode anytime during e policy term. Loyalty Additions: You can benefit from loyalty additions paid during e policy term by way of additional allocation of units to boost your investments. Liquidity: You can choose to take partial widrawals to help you meet unplanned contingencies. Tax benefits: You may be entitled for tax benefits under Section 80C and Section 10(10D), as per e Income Tax Act, Product Summary Particular Minimum Maximum 1 Entry age (Life Assured) 7 years 65 years 5 Premium Paying Modes Monly and Annual Policy Term Up till age 99 Premium Payment Term 10 years 99 (Age at entry) Premium Monly Mode*: `3000 p.m. No limit Annual Mode: `25000 p.a. 2 Sum Assured For ages below 45 years: 0.5 X T X Annualized Premium Where T=70-age at entry # For ages 45 years and above: You can choose Sum Assured between 7-10 times of Annualized Premium The Sum Assured limits mentioned above are subject to underwriting acceptance as per Board Approved Underwriting Policy of e Company. 6 *Please note at it is mandatory to pay first 3 mon s premium in advance if you have chosen monly mode of premium payment. # Annualized premium is e sum of total due premium(s) in a policy year during premium payment term.

3 Illustrative Example Mr. Singh, age 40, chooses to pay annual premiums as shown below. He gets a Sum Assured of 15 times [(70-40) X 0.5] e annual premium and chooses a Premium Paying Term of 20 years. The table below shows fund values for multiple scenarios at age 99 assuming annual gross investment return of 4%## and 8%## wi 100% investment in Balanced Plus Fund. Annual Premium (`) Sum Assured (`) Fund Value (`) at age 99 assuming Gross Investment Return of 4%## 8%## 30,000 4,50,000 17,60,576 1,21,98,926 75,000 11,25,000 44,01,440 3,04,97,314 1,00,000 15,00,000 58,68,587 4,06,63,085 2,50,000 37,50,000 1,47,36,886 10,17,42,467 5,00,000 75,00,000 2,97,42,931 20,40,04,385 ##The assumed rates of return (4% p.a. or 8% p.a.) shown in e above illustrative example are not guaranteed and ey are not e upper or lower limits of what you might get back as e value of your policy depends on a number of factors including future investment performance. The Fund Values shown in e above illustrative example are after deduction of all charges including applicable Goods and Services Tax & applicable cess (es)/levy, if any, as applicable (@18.00%) Dea Benefit FEATURES AND BENEFITS OF OUR SMART LIFELONG PLAN In e unfortunate event of your dea, 15 a. Before e age of 60 years, e claimant will receive e higher of 16 I. Sum Assured less partial widrawals, if any, in e preceding two years, or II. III. Fund Value, or 105% of all premiums paid excluding Goods and Services Tax & applicable cess (es)/levy, if any b. At 60 years of age or above, e claimant will receive e higher of i. Sum Assured less partial widrawals, if any, after attaining 58 years of age, or i Fund Value, or 105% of all premiums paid excluding Goods and Services Tax & applicable cess (es)/levy, if any Dea benefit will be equivalent to e Proceeds of Discontinued Policy in case your policy monies are moved to Discontinued Policy Fund (DPF) (For more details on Discontinuance, please refer Section 7 of Key Terms and Conditions). Loyalty Additions Loyalty Additions will be paid in e form of extra allocation of units to your fund, provided at all due premiums till date have been paid. Loyalty Additions once added to e Fund Value are guaranteed. The Loyalty additions will be paid as follows: Policy Year Loyalty Addition st 1 Loyalty addition:- At e end of 10 policy year 1.25% of average Fund Value of last 36 monly policy anniversaries nd 2 Loyalty addition:- At e end of 15 policy year 1.25% of average Fund Value of last 36 monly policy anniversaries

4 On survival till e end of policy term (policy anniversary immediately after Life Assured s 99 birday), e Fund Value will be paid to you and your policy will be terminated. Investment Fund options You can choose from a range of 7 funds to cater to your investment needs. You can choose to allocate your premiums to any, all or a combination of e funds as per your risk preference. The investment and risk profile of each fund is described below: Fund Name Fund Philosophy Asset Allocation Risk Profile Emerging Leaders Fund To generate long term capital appreciation rough investments predominantly in mid cap stocks Debt Securities 60%-100% - 0%-40% High India Multi-Cap Fund To generate capital appreciation in e long term rough equity investments by investing in a diversified portfolio of Small Cap, Mid Cap and Large Cap companies Debt Securities 60%-100% - 0%-40% High II Fund To generate long-term capital appreciation from active management of a portfolio invested in diversified equities. Debt Securities 60%-100% - 0%-40% High Grow Plus Fund To achieve capital appreciation by investing predominantly in equities, wi limited investment in fixed income securities. Debt Securities 50%-90% 10%-50% 0%-40% Medium to High Balanced Plus Fund To generate capital appreciation and current income, rough a judicious mix of investments in equities and fixed income securities. Debt Securities 30%-70% 30%-70% 0%-40% Medium Debt Plus Fund To earn regular income by investing in high quality debt securities. Debt Securities - 60%-100% 0%-40% Low to Medium Liquid Fund To generate reasonable returns commensurate wi low risk and a high degree of liquidity. Debt Securities* - 0%-60%* Low 40%-100% * Debt Securities under Liquid Fund will comprise only of short-term securities. Available flexibilities under your investment fund options: 9 Auto Funds Rebalancing : If you wish to maintain allocation of your investments in a specific proportion across funds, irrespective of market movements, you can do so rough Auto Funds Rebalancing. Once opted, after every 3 mons, it automatically rebalances e allocation of your investments in various funds to e allocation proportions chosen by you. For example, if you wish to stay invested in e ratio of 50 : 25 : 25 in II Fund, Balanced Plus Fund and Debt Plus Fund; en at e end of every 3 mons starting from e date of commencement of Auto Funds Rebalancing, your total Fund Value shall be rebalanced as per e chosen ratio of 50 : 25 : 25 in II Fund, Balanced Plus Fund and Debt Plus Fund. nd Premium Redirection: You can opt to change e allocation proportion of your Premiums from 2 policy year onwards. However, redirection of Premiums shall be allowed only once a policy year, which shall be free of cost. In case is option is not availed, it cannot be carried forward to e next policy year. The revised allocation proportion will apply to your subsequent premiums. Switching: You can opt to switch your investments from one investment fund to anoer at any point of time. You can eier switch a percentage of your investments or an absolute amount. The minimum amount at you can switch is `10,000.

5 14 Increase/Decrease of Sum Assured You can choose to alter your Sum Assured based on your changing life stage needs, from e 6 policy year onwards. This flexibility is available to you once every policy year subject to a maximum of ree times during e Policy Term, if all due premiums have been paid as on date of request. There will be no change in your premium amount as a result of e Increase/Decrease in Sum Assured opted by you. 16 Partial Widrawal To take care of any unforeseen liquidity crunch, you can make partial widrawals (in multiples of `1000) from your policy wiout completely surrendering it. Partial widrawals are allowed from e 6 policy year. Partial widrawal charges are as detailed in e 'Charges Section. 7 Surrender/Discontinuance : Insurance plans are long-term by nature. Therefore you are expected to continue 4 paying regular premiums for e Premium Paying Term as chosen by you in order to achieve most out of your policy. In case you are unable to continue paying premiums on your policy en treatment of such policy shall be as per Section 7 of e Key Terms and Conditions. Revival of discontinued policy will be possible as per Section 8 of e Key Terms and Conditions. You can surrender your policy at anytime during e policy term. On surrender, e risk cover will expire, e policy will terminate and cannot be revived ereafter. The surrender value is e Fund Value net of surrender charges. If e policy is surrendered wiin e first 5 policy years, e surrender value (Fund Value less applicable surrender charges) will be transferred to e discontinued policy fund and will earn at least a minimum guaranteed interest rate of 4% or as decided by IRDAI from time to time. The proceeds of e discontinued policy will be paid to you only after completion of e 5 policy year. The investment and risk profile of discontinued policy fund will be as follows: Fund Name Fund Philosophy Asset Allocation Risk Profile UL Discontinued To generate reasonable returns on funds from discontinued policies determined in accordance wi e Regulations * Govt. Securities* * - 60%-100%* 0%-40%* Low ^ Only available in case of discontinuance/surrender of a policy during e first five policy years. * These are subject to revision as guided by IRDAI from time to time. If e policy is surrendered after completion of 5 policy years, e Fund Value will be paid immediately. Surrender/ Discontinuance charge will be applied as shown in e 'Charges' section. 21 Tax Benefit : You may be entitled for tax benefits under Section 80C and Section 10(10D), as per e Income Tax Act, WHAT ARE THE CHARGES UNDER MY SMART LIFELONG PLAN? Premium Allocation Charge will be deducted upfront and will be levied rough reduced premium allocation to e fund. Refer to e table given below: Policy Year Premium Allocation Charge Annual Mode Monly Mode st % 7.25% nd rd % 5.00% % 5.00% 11 Onwards Nil Nil

6 Policy Administration Charge will be 0.05% of e annualized premium chargeable on monly basis during e first five policy years. Thereafter it will increase by 20% every five years starting from e 6 policy year. However, is charge will not exceed `500 per mon in any case. This charge will be deducted at e beginning of each policy mon rough cancellation of units till e end of e policy term. Mortality Charge will be deducted at e beginning of each policy mon by cancellation of units. The amount of 11 e charge taken each mon depends on life assured s age and Sum at Risk. Sample standard mortality rates applicable (` per annum per ` 1,000 of Sum at Risk) in is plan are as follows: Age Male Female Fund Management Charge (FMC) of 1.35% p.a. will be charged on all funds except Liquid fund where e FMC will be 0.80% p.a. and Discontinued Policy Fund where e FMC will be 0.50% p.a. FMC for e Liquid Fund may be revised up to 1.35% p.a., subject to IRDAI approval. It will be deducted on daily basis from e Fund before 19 calculation of e NAV. Surrender/Discontinuance Charge is levied on e Fund Value on account of surrender/discontinuance of e policy. The surrender/discontinuance charges for is product are stated below. Policy is surrendered/ discontinued during e policy year and onwards Surrender/Discontinuance charges wi annualized premium up to `25,000/- Lower of 20% * (AP or FV) subject to maximum of `3,000/- Lower of 15% * (AP or FV) subject to maximum of 2,000/- Lower of 10% * (AP or FV) subject to maximum of `1,500/- Lower of 5% * (AP or FV) subject to maximum of `1,000/- Nil Surrender/Discontinuance charges wi annualized premium above `25,000/- Lower of 4% * (AP or FV) subject to maximum of `5,000/- Lower of 3% * (AP or FV) subject to maximum of `4,000/- Lower of 2% * (AP or FV) subject to maximum of `2,000/- Nil (AP Annualized Premium; FV Fund Value) Notwistanding e information provided in e table, ere will not be any surrender/discontinuance charges for a surrender/discontinuance request received by e Company after e 5 policy anniversary or policy is discontinued after at least five policy years. Switching Charge will be `250 per switch. However first 6 switches in a policy year are free of charge. This charge can be revised to maximum `500, wi prior approval of IRDAI. Any unutilized free switch cannot be carried forward to e next policy year. Partial Widrawal Charge will be `250 per widrawal. However, first 4 widrawals in policy year are free of charge. This charge can be revised to maximum `500, wi prior approval of IRDAI. Any unutilized free partial widrawal cannot be carried forward to e next policy year. Miscellaneous Charge will be recovered on account of medical expenses in case of increase in Sum Assured after policy issuance, subject to a maximum of `3,000. This charge can be revised to maximum `5,000 wi prior approval of IRDAI. All charges are exclusive of Goods and Services Tax & applicable cess (es)/levy, if any, as applicable and amended from time to time which will be borne by e policyholder. All ese charges mentioned above except Premium Allocation Charge and Fund Management Charge will be deducted rough cancellation of units. The Premium Allocation Charges, Policy Administration Charges, Fund Management Charges (except Liquid Fund) and Mortality Charges mentioned above are guaranteed during e term of e plan.

7 SMART STEPS TO REALISE YOUR DREAMS Choose e premium payment mode, premium amount and e number of years of payment. Choose your Sum Assured under is plan. Choose from seven fund options depending upon your risk preference. Your investible premium will be invested in debt and equity markets rough e fund options chosen by you. You can pay your premiums rough cheque, demand draft, ECS, direct debit or standing instruction to your bank account. If you have chosen monly mode of premium payment en it is mandatory to pay rough standing instruction/ecs. Complete e proposal form and submit it wi e initial premium and required documents. Once your proposal is accepted as per our underwriting requirements, e policy will be issued and sent to you. You will be required to pay premiums every year/every mon for e Premium Payment Term as chosen by you. You can avail e flexibilities provided in e plan, after issuance of your policy to ensure at policy continues to meet your needs. ABOUT US Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a company formed jointly by ree leading financial organizations - Canara Bank and Oriental Bank of Commerce, which are two of India's largest nationalized banks in terms of aggregate business, along wi HSBC Insurance (Asia Pacific) Holdings Limited. The shareholding pattern of e Joint Venture is Canara Bank: 51%, HSBC Insurance (Asia Pacific) Holdings Limited: 26% and Oriental Bank of Commerce: 23%. Our aim is to provide you wi a transparent range of Life Insurance products backed by excellent customer service and ereby, making your life simpler. KEY TERMS and CONDITIONS 1. The definition of age used is age last birday. Please note at for a minor life, risk commences from e date of commencement of policy. 2. These Sum Assured limits and age boundary conditions mentioned in Product Summary table are only applicable for policies issued wi standard mortality rates. 3. The policyholder (proposer) and e life assured can be different individuals in is plan. However, under is plan all benefits (dea and survival) are linked to e life of e life assured and ere is no benefit payable on e dea of e policyholder. In case e policyholder dies prior to e life assured en e responsibility for premium payment will lie wi e life assured or e guardian of e life assured (in case e life assured is a minor). Furer, if premiums are not paid due to dea of e policyholder, en e policy may be discontinued on e expiry of e notice period as described in e discontinuance section (7). 4. Grace period: You have a period of 30 days for annual mode of premium payment and 15 days for monly mode of premium payment from e due date to pay your premiums, during which your Life Insurance Cover will continue. 5. You may change your Premium Payment Mode anytime during e policy term by submitting a written request provided your annualized premium is equal to or more an minimum annualized premium applicable for proposed mode of premium payment. 6. Collection of advance premium shall be allowed wiin e same financial year for e premium due in at financial year. However, where e premium due in a financial year is being collected in previous financial year, e premium may be collected for a maximum period of ree mons in advance of e due date of e premium. The premium so collected in advance shall only be adjusted on e due date of e premium. Such advance premium, if any, paid by e Policyholder shall not carry any interest.

8 7. Discontinuance: Date of discontinuance of e policy: The date on which insurer receives e intimation from e insured or policyholder about discontinuance of e policy or surrender of e policy or on e expiry of e notice period, whichever is earlier. Minimum Guaranteed Interest Rate: This means e rate applicable to e Discontinued Policy Fund as declared by e Auority from time to time. The current minimum guaranteed rate of interest applicable to e Discontinued Policy Fund shall be 4 percent per annum. Proceeds of e discontinued policy: This means e Discontinued Policy Fund Value on e date e policy has discontinued, after addition of interest computed at e minimum guaranteed interest rate. The excess income earned in e Discontinued Policy Fund over and above e minimum guaranteed interest rate shall also be apportioned to e Discontinued Policy Fund Value in arriving at e proceeds of e discontinued policies and shall not be made available to e shareholders. If e due installment of premium has not been paid by e premium due date, a grace period of 30 days for annual mode of premium payment and 15 days for monly mode of premium payment would be given to you. In case e premium due is not received wiin e grace period, e Company shall send a notice wiin a period of 15 days from e date of expiry of grace period to you to exercise e following options wiin a period of 30 days of receipt of e notice, hereby referred to as e notice period: A. Discontinuance of premium during e lock-in period: In is case you shall exercise one of e following options: i. Revive e Policy immediately Revival of policy wiin a period of two years from e date of discontinuance of e policy. i Complete widrawal from e policy wiout any risk cover. Till you exercise your option or up to e expiry of notice period, whichever is earlier e policy is deemed to be in force wi risk cover. On e date of discontinuance of e policy, e Fund Value less applicable discontinuance charge shall be transferred to e Discontinued Policy Fund and Life Cover ceases. If you exercise option A (iii) wiin e notice period, e policy will be treated as surrendered and e surrender provisions as elaborated earlier in Surrender/Discontinuance section will be applicable. If you do not exercise any of e options wiin e notice period of irty days, treatment of such policy shall be in accordance wi A (iii) above. A1. If you exercise option A (ii) and your policy completes two years of revival period at e end of e lock-in period: Provided at where e policy is not revived, e proceeds of e discontinued policy shall be refunded at e end of e lock-in period. A2. If you exercise option A (ii) and your policy does not complete two years of revival period at e end of e lock-in period: The Company shall send you a notice 45 days before e end of e lock-in period to exercise one of e below options wiin a period of irty days of receipt of such notice: i. Revive e policy immediately Revive e policy wiin e two year revival period (from e date of discontinuance of e policy) i Payout e proceeds at e end of e lock-in-period iv. Payout e proceeds at e end of e revival period If you do not exercise any of e options wiin e notice period of irty days, e treatment of such policy shall be, by default, in accordance wi A 2(iii) above. If you exercise option A2 (ii) en e Fund Value shall continue to remain in e Discontinued Policy Fund till e policy is revived or up to e end of e revival period whichever is earlier. If e policy is not revived wiin e revival period, e proceeds of e discontinued policy shall be paid out to you at e expiry of revival period.

9 B. Discontinuance of premium after e lock-in period: In is case you shall exercise one of following options: i. Revive e policy immediately Revival of policy wiin a period of two years from e date of discontinuance of e premium. i Complete widrawal from e policy wiout any risk cover. iv. Convert e policy into paid-up policy, wi e paid-up Sum Assured i.e. Sum Assured multiplied by total number of premiums paid divided by e original number of premiums payable. The Sum Assured applicable for a paid up policy shall be e paid-up Sum Assured.. Till you exercise your option or up to e expiry of notice period, whichever is earlier e policy is deemed to be in-force wi risk cover. If you exercise option B (iii) wiin e notice period, e policy will be treated as surrendered and e surrender provisions as elaborated earlier in Surrender/Discontinuance section will be applicable. If you do not exercise any of e options wiin e notice period of irty days, e treatment of such policy shall be, by default, in accordance wi B (iii) above. If you exercise option B (ii) and e policy is not revived, and no surrender request has been received, e Fund Value of e policy, as applicable, shall be refunded at e end of e revival period or at e end of Policy Term, whichever is earlier. The policy is deemed to be in force wi risk cover until e expiry of revival period or end of Policy Term whichever is earlier. 8. Revival: The revival period means a period of 2 consecutive years during which period e policy can be revived by you. The policy shall be revived subject to e conditions mentioned below: A policy can be revived any time during e policy term wiin e revival period of 2 years. Revival shall be subject to underwriting as per Company's board approved underwriting guidelines. The revival of e policy will be effective only after Company's approval is communicated. Revival of a discontinued policy during e lock-in period: If you choose to revive e discontinued policy, e policy can be revived by restoring e risk cover along wi e investments made in e segregated funds as chosen by you, out of e discontinued policy fund, less e applicable charges. At e time of revival, e Company shall: collect all due and unpaid premiums wiout charging any interest or fee. levy policy administration charge and premium allocation charge as applicable during e discontinuance period. No oer charges shall be levied. add back to e fund, e discontinuance charges deducted at e time of discontinuance of e policy. reinstate all e benefits as per e terms and conditions of e policy subject to underwriting. Revival of a discontinued policy or being made paid-up after e lock-in period: If you choose to revive e discontinued policy or wish to revive e paid-up policy, e Company shall: collect all due and unpaid premiums wiout charging any interest or fee. levy premium allocation charge as applicable during e discontinuance period. No oer charges shall be levied. reinstate e original Sum Assured for a paid-up policy subject to underwriting. reinstate all e benefits as per e terms and conditions of e policy subject to underwriting.

10 9. Auto Funds Rebalancing (AFR): You can choose is option at commencement of policy or anytime later during e policy term. Any exercise of opting in or opting out after policy issuance will be considered a switch, and prescribed charges will be applicable. AFR will cease to exist in case a switch/redirection is exercised. In case you want to continue wi AFR, you will be required to submit a fresh request to opt in e feature again. If you opt for partial widrawal, AFR will apply on e balance funds after widrawal. 10. Risk commencement date under is plan will be e date of underwriting acceptance subject to realization of premium. The date of commencement of policy is e same as e risk commencement date under is plan. 11. The Sum at Risk (SAR) on a given date for computing mortality charges is calculated as follows: SAR for Life Assured from e age of 7 years to less an 60 years: Higher of: Sum Assured less Partial Widrawals in e preceding 2 years less Fund Value as on at date or 105% of premiums paid less Fund Value or i Zero. SAR for Life Assured for e age of 60 years and above: Higher of: i. Sum Assured less Partial Widrawals post attaining age of 58 less Fund Value as on at date or 105% of premiums paid less Fund Value or i Zero 12. Suicide exclusion: In case of dea due to suicide wiin 12 mons from e date of commencement of e policy or date of revival of e policy, e claimant shall be entitled to Fund Value as available on e date of dea. Also any charges recovered subsequent to e date of dea shall be paid back to claimant along wi e Fund Value as on e date of dea. 13. During e lock-in period of 5 years, if dea happens after e policy has been surrendered, e Proceeds of e Discontinued Policy Fund as on e date of intimation of dea shall be payable. 14. Request for any alteration in Sum Assured should be given at least 60 days prior to policy anniversary and will be effective only from e policy anniversary following e date on which you have made your request. Option to increase e Sum Assured is not available for minors or persons above 50 years of age. Increase/ decrease in sum assured is subject to underwriting acceptance and minimum and maximum Sum Assured limits stipulated under is plan. 15. The term claimant in is Sales Literature means e Policyholder, however for e purposes of payment of dea benefit Claimant means e following person(s) : (i) Where e Policyholder and Life Assured are different, Claimant shall be e Policyholder, (ii) Where policyholder and Life Assured are same, Claimant shall be e Nominee(s), (iii) Where Policyholder and Life Assured are same and ere is no Nominee(s), en Claimant shall be e Policyholder s legal heir or legal representative or e holder of a succession certificate. 16. The minimum partial widrawal amount is `10,000 and e maximum is such at e Fund Value after widrawal does not fall below 120% of e annualized premium. The cap on maximum partial widrawal has been kept wi e view to avoid ose partial widrawals which would result in immediate termination of e policy. If e Life Insured is a minor, partial widrawals will be allowed from e first policy anniversary post e minor attaining 18 years of age. 17. Auto termination: At any time during e policy term after e completion of first 5 policy years provided at first 5 policy years premium have been paid, if Fund Value is insufficient to deduct monly charges due to cancellation of units, or becomes equal to zero, en is policy shall terminate automatically. The remaining Fund Value (if any) as on e date of such termination shall be payable to you. 18. First premium will be allocated at e NAV of e date of commencement of e policy. In case of premium received by outstation cheques, e NAV of e realization date or due date, whichever is later, will be allocated.

11 19. Net Asset Value (NAV) calculation: NAV shall be calculated on all Business Days in accordance wi e IRDAI's guidelines in force from time to time. As per e present guidelines in force, NAV is computed as follows: {(Market value of investment held by e fund + value of current assets) - (value of current liabilities and provisions, if any)} / Number of units existing on Valuation Date (before creation/redemption of units) 20. Transaction requests (including renewal premiums, switches, partial widrawals etc) received before e cut-off time of 3.00pm will be allocated e same business day's NAV and e ones received after e cut-off time of 3:00 pm will be allocated next business day's NAV. The cut-off time will be as per IRDAI guidelines from time to time. 21. Tax Benefits under e policy will be as per e prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor. 22. There is no provision of loan on e policy. 23. Assignment and Nomination are permitted under is policy as per Section 38 and Section 39 respectively of e Insurance Act, 1938 as amended from time to time. 24. Free look period: The policyholder has e right to cancel e policy wiin 15 days from e date of receipt of e policy document, in case he/she does not agree wi e terms and conditions of e policy. If e policyholder cancels e policy during free look period, e Company will refund e Fund Value on e date of cancellation plus e un-allocated premium (if any) plus any charge deducted by cancellation of units, after deducting proportionate risk charges for e period of insurance cover and expenses incurred on medicals and stamp duty. 25. Section 41 of e Insurance Act, 1938 as amended from time to time: (1) No person shall allow or offer to allow, eier directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of e whole or part of e commission payable or any rebate of e premium shown on e policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance wi e published prospectuses or tables of e insurer: Provided at acceptance by an insurance agent of commission in connection wi a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium wiin e meaning of is sub-section if at e time of such acceptance e insurance agent satisfies e prescribed conditions establishing at he is a bona fide insurance agent employed by e insurer. (2) Any person making default in complying wi e provisions of is section shall be liable for a penalty which may extend to ten lakh rupees. 26. Section 45 of e Insurance Act, 1938 as amended from time to time will be applicable. For full text of e provisions of is Section, please contact e Insurance Company or refer to e policy contract of is product on our website

12 DISCLOSURES AND RISK FACTORS: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is only e name of e insurance company and Canara HSBC Oriental Bank of Commerce Life Insurance Smart Lifelong Plan is only e name of e linked insurance contract and does not in any way indicate e quality of e contract, its future prospects or returns. The various funds offered under is contract are e names of e funds and do not in any way indicate e quality of ese plans, eir future prospects and returns. The SFIN (Segregated Fund Index Number) for: Emerging Leaders Fund is ULIF02020/12/17EMLEDEQFND136, India Multi-Cap Fund is ULIF01816/08/16IMCAPEQFND136, II Fund is ULIF00607/01/10 EQUTYIIFND136, Grow Plus Fund is ULIF00913/09/10GROWTPLFND136, Balanced Plus Fund is ULIF01013/09/10BLNCDPLFND136, Debt Plus Fund is ULIF01115/09/10DEBTPLFUND136, Liquid Fund is ULIF00514/07/08LIQUIDFUND136 and Discontinued Policy Fund is ULIFO 1319/09/11POLDISCFND136. Please know e associated risks and e applicable charges, from your insurance agent or e intermediary or policy document issued by e insurance company. Linked Insurance products are different from e traditional insurance products and are subject to e risk factors. The premium paid in Linked Insurance policies are subject to investment risks associated wi capital markets and e NAVs of e units may go up or down based on e performance of fund and factors influencing e capital market and e insured is responsible for his/her decisions. Past performance of e investment funds do not indicate e future performance of e same. Investors in e Scheme are not being offered any guaranteed/assured returns. The policyholder can know e value of policy wise units as per e FORM D02 rough a secured login on e Canara HSBC Oriental Bank of Commerce Life Insurance Company's website - Canara HSBC Oriental Bank of Commerce Life Insurance Smart Lifelong Plan is a Non-participating Unit Linked Plan.

13 Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (IRDAI Regn. No. 136) Registered Office: Unit No. 208, 2nd Floor, Kanchenjunga Building, 18 Barakhamba Road, New Delhi , India Corporate Office: 2nd Floor, Orchid Business Park, Sector-48, Sohna Road, Gurugram , Haryana, India Corporate Identity No.: U66010DL2007PLC Website: Call: / (BSNL/MTNL), Missed Call: SMS: customerservice@canarahsbclife.in BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public at: IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along wi details of phone call, number. Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license wi Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce. UIN: 136L032V04 BRONJSLLPCHOFEB18 ENG