Category Archives: Insurance

Dream Smart Plan Child Plan – Canara HSBC Oriental Bank of Commerce

Your future is defined by your dreams for yourself and your loved ones. You would like to ensure that nothing comes in the way of achieving these dreams – buying the perfect house for your family or enrolling your child in a college abroad. And in order to fulfill this you are in the search of the best life insurance policy that fits all your requirements.

The Dream Smart plan, a unit linked insurance plan (ULIP) helps save for your specific dreams. With this plan you have the flexibility to pay premiums for a limited duration while you get life cover for 20 years. Your money is invested in unit linked funds of your choice to take care of your long term financial goals.

Product Boundary

  • Entry Age: Your age should be 7 years and 60 years.
  • Premium Payment Term: You can choose a payment term between 10 and 20 years, depending on your financial planning requirement.
  • Policy Term: While you can pay premium for a limited duration, you are covered for a period of 20 years.

Premium Options
This plan offers only annual premium payment frequency. The minimum annual premium is Rs 25,000. You will have to pay this premium throughout the premium payment term chosen by you.

Loyalty additions
1% of your fund value will be added by way of additional allocation of units at the end of the 15th policy year to boost your investments.

Investment Funds
You can choose to invest in 5 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:

Equity II Fund | Growth Plus Fund | Balanced Plus Fund | Debt Plus Fund | Liquid Fund

Partial Withdrawal
You can easily withdraw money from your fund in case of financial emergency through partial withdrawals, after 5 years.


  • You can actively manage your investments by switching your money from one fund to another and through redirection of premiums.
  • You can choose from a range of life cover as per your protection needs. Also you have the flexibility to increase or reduce your Sum Assured, depending upon your changing needs.

#Tax benefits under the policy 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. To avail tax benefits, Sum Assured should be minimum
of 10* Annual Premium. UIN: 136L015V02