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Canara HSBC Life Insurance launches 'Promise4Future' plan, offering life protection and wealth creation benefits.

Banking & Finance | Dated: 06 Nov 2024

Gurgaon (Haryana)-based Canara HSBC Life Insurance Company Limited has launched 'Promise4Future', a non-linked, participating plan that offers policyholders a combination of life protection and savings.

🎯 Key Highlights:

  • - Promise4Future is a Unit Linked Individual Savings Life Insurance Plan that provides the dual benefit of long-term protection and an opportunity to benefit from returns generated in the company's participating fund.
  • - The plan offers a range of valuable benefits, including flexible premium payments, high-premium boosters, and options for partial or full withdrawals under deferred survival benefits.

💡 Other Important Facts:

  • (i) The plan is available in two variants: Savings4Future and Income4Future:- Savings4Future helps policyholders grow their savings while staying protected throughout life. In case of death, the nominee receives the higher of the sum assured plus bonuses or 105% of premiums paid.
  • (ii) Income4Future offers a steady income stream and lump-sum benefit for interim financial needs. In case of death, the nominee gets the sum assured on maturity along with any bonuses.

📚 Test Your Knowledge:

Recently, which insurance company launched the 'Promise4Future' plan, offering life protection and wealth creation benefits?

Correct Answer: Canara HSBC

🚀 Quick Recap:

About Canara HSBC Life Insurance

  • MD & CEO : Anuj Mathur
  • Headquarters : Gurgaon