Canara HSBC Life Insurance has announced the launch of ‘Promise4Future’ – is a non-linked, participating plan that provides policyholders with a combination of life protection and savings.
The new offering combines the dual benefit of long-term protection and the opportunity to benefit from the returns generated in the participating fund of the company, Canara HSBC Life Insurance said in a statement.
The recent survey conducted by Canara HSBC Life Insurance revealed that over half of Indian consumers place a high priority on savings and ensuring the financial security of their family when selecting a life insurance plan. In line with the evolving preferences of today's consumers, Promise4Future has been designed to empower policyholders to build a strong savings fund while also providing long-term protection for their loved ones.
Top points of Promise4Future
Canara HSBC Life Insurance Promise4Future is a Unit Linked Individual Savings Life Insurance Plan that offers customization based on your specific goals and evolving needs.
With a unique blend of Portfolio Management Options and flexible features, this plan empowers you to effectively manage your savings and insurance requirements.
There are two variants: Savings4Future and Income4Future Savings4Future offers policyholders the opportunity to grow their savings while maintaining protection at all life stages. In the unfortunate event of death, the nominee will receive the higher of the sum assured on death and any bonuses, or 105% of premiums paid. Upon reaching the end of the policy term, the policyholder will receive the Guaranteed Sum Assured along with any accrued bonuses.
Diese Geschichte stammt aus der November 2024-Ausgabe von THE INSURANCE TIMES.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 2024-Ausgabe von THE INSURANCE TIMES.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."
About Dr Anil Subba Rao Paila
IRDAI Corner
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Insurance Caselaws
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
New Product Launches
Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation
Gunford: Marine Insurance Fraud or Purely Coincidence!!
Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known as an insured) receives monetary reimbursement against losses, emerging from the occurrence of an event, from an insurance company (known as an insurer), generally in exchange for a premium.
How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector
India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering around 3% of GDP, it's clear that a vast majority of Indians remain either uninsured or underinsured.
Exclusion clauses in Insurance Contract: Enforceability and Interpretation
The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.
Risk Management 2.0 in the new Gen Z Milieu
I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
