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.
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