Canara HSBC OBC Life Insurance Surrender Form PDF

Canara HSBC Life Insurance Surrender Form PDF | Canara HSBC OBC Life Insurance Surrender Form | Canara Bank HSBC Life Insurance Surrender Form | Surrender Form of Canara HSBC Oriental Bank of Commerce Life Insurance | Canara HSBC Life Insurance Policy Surrender Form PDF

Canara HSBC OBC Life Insurance Insure Plan is a Unit Linked Insurance Plan which combines the benefits of high returns along with life insurance protection under the same umbrella. Thus, the plan enables an individual to build wealth for future requirements and also avail insurance coverage.

In this article, we’ll provide you Canara HSBC OBC Life Insurance Surrender Form PDF in English Format, available to download from the official website at www.canarahsbclife.com or download using the direct link below.

Here You Download Canara HSBC OBC Life Insurance Surrender Form PDF

  • Category:  Banking & Finance
  • Format: PDF
  • Size: 0.10 MB
  • Pages: 2
  • Source: www.canarahsbclife.com
  • Language: English

[xyz-ihs snippet=”Canara-HSBC-OBC-Life-Insurance-Surrender-Form-PDF”]


This PDF Alternate Link: Download

Also read | SBI Education Loan Form PDF

Canara HSBC Oriental Bank of Commerce Life Insurance Plan

This is a Unit Linked Plan where premiums are payable only for a fixed limited period while the plan continues till the fixed term. The plan has five funds to choose from according to the policyholder’s investment strategy. Loyalty Additions payable on maturity increase the Fund Value.

We will tell you in this article How do I surrender my Canara HSBC OBC Life Insurance policy? and How to Download Oriental Insurance Policy Duplicate Copy.

Benefits and Features of Canara HSBC Oriental Bank of Commerce Life Insurance

  • Maturity Benefit
  • Death Benefit
  • Loyalty Additions
  • Bonus
  • Loan
  • Tax benefit

How do I surrender my Canara HSBC OBC Life Insurance policy?

If the policyholder wants to surrender his/her life insurance policy or make a partial withdrawal from the policy fund, the following procedures need to be followed:

Surrender Policy 

Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest Canara HSBC OBC Life Insurance branch, along with the following documents:

  • Original policy documents
  • Canceled cheque with the policyholder’s name on it
  • In case the canceled cheque does not have a pre-printed name, account number, or a new account is mentioned on the cheque, then the passbook copy/bank statement having the pre-printed name and the account number is required
  • ID proof (PAN Card, Aadhaar Card, Passport, Driving License, Voters ID)
  • Policy surrender or cancellation form
  • Latest contact details
  • NRE bank statement reflecting any premiums paid from the NRE account

Partial Withdrawal

Reason(s) for the partial withdrawal and the pay-out form needs to be submitted at the nearest Canara HSBC OBC Life Insurance branch, along with the following documents:

  • Original policy documents
  • Copy of CI or YPD submitted for the withdrawal request (carry original documents for verification in the branch)
  • Canceled cheque of the insured’s name
  • In case the canceled cheque does not have a pre-printed name and account number or a new account is mentioned on the cheque, then passbook copy/bank statement having the pre-printed name and the account number is required
  • ID proof (PAN Card, Aadhaar Card, Passport, Driving License, Voters ID)
  • Pay-out form
  • Latest contact details
  • NRE bank statement reflecting any premiums paid from the NRE account

Within the first 5 policy years

The policy has a 5 year lock-in period. If the policy is surrendered within the first 5 years, the funds in the Fund Value would be transferred to the Discontinued Policy Fund net of the applicable charges where it would earn a minimum interest of 4% per annum. The money would remain in the Discontinuance Policy Fund till the completion of 5 years and the Fund Management charges would be deducted as and when applicable. If the policyholder dies during this period, the Fund Value as on the date of death would be paid. Otherwise, after the completion of the lock-in period of 5 years, the available Fund Value would be paid

After 5 years

If the plan is surrendered any time after the completion of 5 years, the available Fund Value would be paid.

Revival

Revival is allowed within 2 years from the date of the first unpaid premium. The policyholder would be required to pay the outstanding premium and any interest charged by the insurer to revive his policy.

Contact Details

The following options can be used to connect with Canara HSBC OBC Life Insurance:

Call: 1800-103-0003/1800-180-0003 (in India) / 0124-4315200 (outside India)

Email ID[email protected] (in India) / [email protected] (outside India)

SMS: CALLBACK to 09779030003

Mailing Address:  Head Office
Canara HSBC OBC Life Insurance Company Ltd,
2nd Floor, Orchid Business Park, Sector – 48, Sohna Road,
Gurugram – 122018, Haryana,
India

Registered Office
Unit No.208, 2nd Floor,
Kanchenjunga Building,
18 Barakhamba Road,
New Delhi – 110001, India

Customer also has the option to visit the nearest Canara HSBC OBC Life Insurance branch.

Alternate link for Canara HSBC OBC Life Insurance Surrender Form PDF

You can also visit the official / source website to download the PDF from following links: https://www.canarahsbclife.com/content/dam/choice/group-service-requests-forms/pdf/english/formal-group/Partial-Withdrawal-Form-v2.pdf

We hope this article helped you to Download Canara HSBC OBC Life Insurance Surrender Form PDF. If the download link of this article is not working or you are feeling any other issue with it, then please report it by choosing Contact Us link. If the Canara HSBC Oriental Bank of Commerce Life Insurance Surrender Form is a copyrighted material which we will not supply its PDF or any source for downloading at any cost.

Leave a Comment