Make your special dream come true. Dream Smart Plan. xloyalty Additions xliquidity through Partial Withdrawal

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1 Make your special dream come true Make e right choice wi Canara HSBC Oriental Bank of Commerce Life Insurance Dream Smart Plan xflexible Premium Payment Term xloyalty Additions xliquidity rough Partial Widrawal Ask e Manager for Life Insurance solutions The Linked Insurance Products do not offer any liquidity during e first five years of contract. The policyholder 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 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE DREAM SMART PLAN Your future is defined by your dreams for yourself and your loved ones. You would like to ensure at noing comes in e way of achieving ese dreams buying e perfect house for your family or enrolling your child in a college abroad. Whatever e dream, you would not want to compromise financially for any of ese important milestones in your life. At Canara HSBC Oriental Bank of Commerce LifeInsurance, we understand e importance of realising your dreams. Hence, our Dream Smart Plan wi its flexible features has been designed to help you plan your financial requirements so at you have e means to fund your dreams, wi no compromises. KEY FEATURES OF OUR DREAM SMART PLAN Flexible Premium Payment Term: You can choose a Premium Paying Term (10 years or more) to suit your earning capacity and your life stage Loyalty Additions: 1% of your Value added by way of additional allocation of units at e end of 15 policy year to boost your investments Additional Flexibilities under e plan: Choose your Life Cover: You have e flexibility to choose your Life Cover based on your protection needs. Also, you have e option of increasing or decreasing your Sum Assured to match your requirements anytime during e Policy Term Investment funds: Invest in up to five fund options ranging from 0% to 100% equity exposure, to match your appetite towards investment risks and returns Switching/Redirection: Switch between e fund options to take advantage of market movements or change in risk attitude Liquidity: Partial widrawals to help you meet unplanned contingencies 7 Tax benefits : You may be entitled for tax benefits under Section 80C and Section 10(10D), as per e Income Tax Act, 1961 Dream Smart Plan at a glance Particular Minimum Maximum Entry age (Life Assured) 7 years 60 years Maximum Maturity Age Policy Term Premium Payment Term 80 years 20 years (fixed) 10 years 20 years Annual Premium `25,000 No limit Sum Assured SMART STEPS TO REALISE YOUR DREAMS For ages below 45 years: 10 x Annual Premium For ages 45 years to 60 years: 7 x Annual premium No maximum limit, subject to underwriting Choose e premium amount and e number of years of payment. Choose your Sum Assured under is plan. Choose from five fund options depending upon your risk appetite. Your investible premium will be invested in debt and equity markets rough e fund options chosen by you. You can pay your annual premiums rough cheque, demand draft, ECS, direct debit or standing instruction to your bank account. 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 for e Premium Payment Term as chosen by you. You can avail e flexibilities provided in e plan as per your need, after issuance of your policy. On periodic basis, e Company will notify you about your unit account summary. Illustrative Example Mr. Mehta, age 40, chooses to pay annual premiums as shown below. He opts for a Sum Assured of 10 times e annual premium and a premium paying term of 10 years. The table below shows maturity values for multiple scenarios assuming annual gross investment return of 4% and 8% wi 100% investment in Balanced Plus. Annual Premium (`) 30,000 75, , , ,000 Sum Assured ( `) 300, ,000 10,00,000 25,00,000 50,00,000 Assuming Gross Investment Return( `) for a 20 year term ( `) 4% 8% 3,98,509 9,96,272 13,28,362 33,20,906 66,42,911 7,27,595 18,18,988 24,25,317 60,63,294 1,21,27,801 The assumed rates of return (4% p.a. and 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 Values shown in e above illustrative example are after deduction of service tax and cess (@12.36%). FEATURES IN DETAIL OF OUR DREAM SMART PLAN ndea Benefit In e unfortunate event of your dea, a. Before e age of 60 years, your nominee will receive e higher of i. Sum Assured less widrawals, if any, in e preceding two years, or ii. Value, or iii. 105% of all premiums paid excluding service tax

3 b. At 60 years of age or above, your nominee will receive e higher of i. Sum Assured less widrawals, if any, after attaining 58 years of age, or ii. Value, or iii. 105% of all premiums paid excluding service tax Dea benefit will be equivalent to e Proceeds of Discontinuance Policy (DPF) in case your policy monies are moved to DPF due to Discontinuance. (For more details on Discontinuance, please refer to section 3 of Key Features) nmaturity Benefit On survival till end of Policy Term, e Value will be paid to you. nloyalty Additions Loyalty Additions will be made at e end of e 15 policy year in e form of extra allocation of units to your fund to e extent of 1% of your Value. nincrease/decrease of Sum Assured You can choose to alter your Sum Assured based on your changing life stage needs, from e six 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 annual premium as a result of e Increase/Decrease in Sum Assured opted by you. npartial Widrawal To take care of any unforeseen liquidity crunch, you can make partial widrawals from your policy wiout completely surrendering it. Partial widrawals are allowed from e six policy year. Partial widrawal charges are as detailed in e 'Charges section'. The minimum widrawal amount is `10,000 and e maximum is such at e Value after widrawal does not fall below 120% of e first year premium. 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. ninvestment options You can choose from a range of 5 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 appetite. The investment and risk profile of each fund is described below: Name Philosophy Asset Allocation Risk Profile II To generate longterm capital appreciation from active management of a portfolio invested in diversified equities. 60%100% High Grow Plus To achieve capital appreciation by investing predominantly in equities, wi limited investment in fixed income securities. 50%90% 10%50% Medium to High Balanced Plus To generate capital appreciation and current income, rough a judicious mix of investments in equities and fixed income securities. 30%70% 30%70% Medium Debt Plus To earn regular income by investing in high quality debt securities. 60%100% Low to Medium Liquid To g e n e ra t e r e a s o n a b l e r e t u r n s commensurate wi low risk and a high degree of liquidity. * 0%60%* 40%100% Low * under Liquid will comprise only of shortterm securities. Available flexibilities under your investment fund options: npremium Redirection You can opt to modify e allocation of future premiums once in a policy year. 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. nswitching 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. The first 6 switches in a policy year are free of charge. Any unutilised free switch, however, cannot be carried forward to e next policy year. 3 nsurrender/discontinuance Insurance plans are longterm by nature. Therefore you are expected to continue paying regular premiums for e Premium Paying Term as chosen by you. If e policy is surrendered wiin e first 5 policy years, e surrender value ( Value less applicable surrender charges) will be transferred to e Discontinued Policy and will earn at least a minimum guaranteed interest rate of 4% or as decided by IRDA from time to time. The proceeds of e discontinuance policy will be paid to you only after completion of e 5 policy year. If e policy is surrendered after completion of 5 policy years, e Value will be paid immediately and e policy will be terminated and Life Cover ceases immediately upon surrender of e policy. In case you are unable to continue paying premiums on your policy e treatment of such policy shall be as per section 3 of e Key Features given below. The investment and risk profile of Discontinued Policy will be as follows: Name Philosophy Asset Allocation Risk Profile UL Discontinued Policy ^ To generate reasonable returns on funds from discontinued policies determined in accordance wi e Regulations ^ Only available in case of discontinuance of a policy during e first five policy years. * These are subject to revision as guided by Regulator from time to time. * Govt. Securities* * 60%100%* * Low

4 Surrender/Discontinuance charge will be applied as shown in e 'Charges' section below. There will be no surrender/discontinuance charge if surrender request is received after completion of at least five policy years or policy is discontinued after at least five policy years. 7 ntax 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 DREAM SMART PLAN? npremium Allocation Charge will be deducted upfront and will be levied rough reduced premium allocation to e fund. Policy Year Allocation Charge % % % 11 year onwards Nil n Management Charge 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 where e FMC will be 0.50% p.a. FMC for e Liquid may be revised up to 1.35% p.a., subject to IRDA approval. It will be deducted on daily basis from e before calculation of e NAV. npolicy Administration Charge will be 0.05% per mon on e annual premium during e first five policy years. Thereafter it will increase by 20% every five years. This charge will be deducted at monly policy anniversary till e life of e policy. However, ere will be an absolute cap of ` per mon on e policy administration charge. nsurrender/discontinuance Charge: Policy is surrendered/ discontinued during e policy year and onwards Surrender/Discontinuance charges wi annual 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 annual premium above `25,000/ Lower of 6% * (AP or FV) subject to maximum of `6,000/ 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 Annual premium; FV 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. nmortality Charge: Mortality rates applicable under e plan are as mentioned below: (` per 1000) Age Male Female nswitching Charge The first 6 switches in any given policy year will be free of charge. Subsequent switches will attract a charge of `250 per switch. This charge can be revised to maximum `500, wi prior approval of IRDA. npartial Widrawal Charge The first four partial widrawals in any given policy year will be free of charges. Subsequent widrawal will attract charges of `250 per widrawal. This charge can be revised to maximum `500, wi prior approval of IRDA. nmiscellaneous Charge will be recovered on account of medical expenses in case of increase of Sum Assured, subject to a maximum of `3,000. This charge can be revised to maximum `5,000 wi prior approval of IRDA. All charges are exclusive of service tax and cess, as applicable and amended from time to time which will be borne by e policyholder. Also all ese charges except premium allocation & Management Charge will be deducted rough cancellation of units. ABOUT US Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a company formed jointly by ree leading financial organisations Canara Bank and Oriental Bank of Commerce, which are two of India's largest nationalised 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%. At Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, our aim is to provide you wi a transparent range of Life Insurance products backed by excellent customer service and ereby, to make life simple for you. KEY FEATURES 1. In is contract, e definition of age used is age last birday (l.b.d.) 2. Grace period: You have a period of 30 days from e due date to pay your premiums, during which your life insurance cover will continue. 3. 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. 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

5 Minimum Guaranteed Interest Rate: This means e rate applicable to e Discontinued Policy as declared by e Auority from time to time. The current minimum guaranteed rate of interest applicable to e Discontinued Policy shall be 4 percent per annum. Proceeds of e discontinued policy: This means e Discontinued Policy 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 over and above e minimum guaranteed interest rate shall also be apportioned to e Discontinued Policy 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 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 lockin period In is case you shall exercise one of e following options: i. Revival of policy wiin a period of two years from e date of discontinuance of e policy. ii. 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 Value less applicable discontinuance charge shall be transferred to e Discontinued Policy and life cover ceases. If you exercise option A (ii) wiin e notice period, e policy will be treated as surrendered and e surrender provisions as elaborated earlier 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(ii) above A1. If you exercise option A (i) and your policy completes two years of revival period at e end of e lockin period: Provided at where e policy is not revived, e proceeds of e discontinued policy shall be refunded at e end of e lockin period. A2. If you exercise option A (i) and your policy does not complete two years of revival period at e end of e lockin period: The company shall send you a notice 45 days before e end of e lockin period to exercise one of e below options wiin a period of irty days of receipt of such notice: i. Revive e policy immediately ii. Revive e policy wiin e two year revival period (from e date of discontinuance of e policy) iii. Payout e proceeds at e end of e lockinperiod 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 Value shall continue to remain in e Discontinued Policy 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. B. Discontinuance of premium after e lockin period: In is case you shall exercise one of following options: i. Revival of policy wiin a period of two years from e date of discontinuance of e premium ii. Complete widrawal from e policy wiout any risk cover iii. Convert e policy into paidup policy, wi e paidup Sum Assured in accordance wi Section 113(2) of e Insurance Act, 1938 i.e. Sum Assured multiplied by total number of premiums paid to e original number of premiums payable. The Sum Assured applicable for a paid up policy shall be e paidup Sum Assured. Till you exercise your option or up to e expiry of notice period, whichever is earlier e policy is deemed to be inforce wi risk cover. If you exercise option B (ii) wiin e notice period, e policy will be treated as surrendered and e surrender provisions as elaborated earlier 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(ii) above. If you exercise option B(i) and e policy is not revived, and surrender request has been received, e 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 For e revival of discontinued or paid up policy, please refer point no 4 given below. 4. 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 before e maturity date, if any, wiin e revival period of 2 years. Revival shall be subject to e underwriting as per Company's board approved underwriting guidelines. The revival of e policy will be effective after company's approval is communicated. Revival of a discontinued policy during e lockin 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, less e applicable charges. At e time of revival, e company: shall collect all due and unpaid premiums wiout charging any interest or fee. may levy policy administration charge and premium allocation charge as applicable during e discontinuance period. No oer charges shall be levied. shall add back to e fund, e discontinuance charges deducted at e time of discontinuance of e policy. shall reinstate all e policy benefits. Revival of a discontinued policy or being made paidup after e lockin period: If you choose to revive e discontinued policy or wish to revive e paidup policy, e company :

6 shall collect all due and unpaid premiums wiout charging any interest or fee. may levy premium allocation charge as applicable during e discontinuance period. No oer charges shall be levied. shall reinstate e original Sum Assured for a paidup policy shall reinstate all e benefits 5. 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 contingency on e life of e proposer/policyholder. In case e proposer/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 proposer/policyholder, en e policy may be discontinued on e expiry of e notice period as described in e discontinuance clause (point 3) above. 6. Unused free partial widrawals cannot be carried forward to e next policy year. There will be no surrender charge levied in case of auto termination of policy. Refer point 19 for Auto termination clause. 7. 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. 8 The assumed rates of return (4% p.a. and 8% p.a.) shown in e benefit illustration 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 Values at maturity shown in e illustration are net of service tax and applicable cess. 9. 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. 10. Risk commencement date under is plan will be e later of (i) date of acceptance of risk by e Company and (ii) date of realization of proposal deposit by e Company. 11. Net Asset Value (NAV) calculation: NAV shall be calculated on all Business Days in accordance wi e Auority'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 & provisions, if any}/ Number of Units existing on Valuation Date (before creation/redemption of Units) 12. First premium will be allocated at e NAV of e date of commencement of e policy. Incase of premium received by outstation cheques, e NAV of e realization date or due date, whichever is later, will be allocated. 13. Transaction requests (including renewal premiums, switches, partial widrawals etc) received before e cutoff time of 3.00 pm will be allocated e same business day's NAV and e ones received after e cutoff time of 3.00 pm will be allocated next business day's NAV. The cutoff time will be as per IRDA guidelines from time to time. 14. The premium due can be accepted if it is paid wiin e same financial year in which it becomes due. The premium shall be adjusted on e due date even if it has been received in advance. 15. There is no provision of loan on e policy. 16. Assignment and Nomination are permitted under is policy as per Section 38 and Section 39 of e Insurance Act, 1938 respectively. 17. Suicide exclusion: No benefit is payable except Value as on e date of dea along wi any charges recovered subsequent to date of dea if dea of life assured occurs due to suicide or attempted suicide wiin 12 mons of e date of inception or date of revival of e policy. 18. 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 Value on e date of cancellation plus e unallocated premium (if any) plus any charge deducted by cancellation of units, after deducting proportionate risk charges and expenses incurred on medicals and stamp duty. 19. Auto termination: At any time after e policy completes five policy years, in case e Value after such widrawals becomes equivalent to or falls below one year's regular premium due to poor market performance, e policy will automatically terminate and e Value will be payable to e policyholder. 20. Section 41 of e Insurance Act, 1938: (1) No person shall allow or offer to allow, eier directly or indirectly, as an inducement to any person to take 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 subsection 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 punishable wi fine which may extend to five hundred rupees. 21. Section 45 of e Insurance Act, 1938: No policy of life insurance effected before e commencement of is Act shall after e expiry of two years from e date of commencement of is Act and no policy of life insurance effected after e coming into force of is Act shall, after e expiry of two years from e date on which it was effected be called in question by an insurer on e ground at statement made in e proposal or in any report of a medical officer, or referee, or friend of e insured, or in any oer document leading to e issue of e policy, was inaccurate or false, unless e insurer shows at such statement was on a material matter or suppressed facts which it was material to disclose and at it was fraudulently made by e policyholder and at e policyholder knew at e time of making it at e statement was false or at it suppressed facts which it was material to disclose: Provided at noing in is section shall prevent e insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because e terms of e policy are adjusted on subsequent proof at e age of e life insured was incorrectly stated in e proposal. 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 Dream Smart 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 options and do not in any way indicate e quality of ese plans, eir future prospects and returns. The SFIN (Segregated Index Number) for: II is ULIF00607/01/10EQUTYIIFND136, Grow Plus is ULIF00913/09/10GROWTPLFND136, Balanced Plus is ULIF01013/09/10BLNCDPLFND136, Debt Plus is ULIF01115/09/10DEBTPLFUND136,

7 Liquid is ULIF00514/07/08LIQUIDFUND136 & Discontinued Policy is LIF01319/09/11POLDISCFND136. Please know e associated risks and e applicable charges, from your sales representative 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 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 e fund and factors influencing e capital marketand e insured is responsible for his / her decisions. Linked s are subject to market risks and ere is no assurance or guarantee at e objective of e investment fund will be achieved. 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. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Regn.No.136) Registered Office: C31 & C32, First Floor, Connaught Circus, New Delhi Corporate Office: Unitech Trade Centre, 2nd Floor, Sushant Lok, Phase1, Sector43, Gurgaon122009, Haryana, India Website: Call: / (BSNL/MTNL) SMS: customerservice@canarahsbclife.in UIN: 136L015V02 NLBRONJDSP2V1SEP13 ENG Insurance is e subject matter of e solicitation. Canara HSBC Oriental Bank of Commerce Life Insurance Dream Smart Plan is a NonParticipating Unit Linked Plan.