Introduction
Canara HSBC Life Insurance has introduced ‘Promise2Protect’, a new term insurance plan designed to offer comprehensive financial security with customizable benefits. This plan ensures that policyholders can protect their families while tailoring coverage to their individual needs and life goals.
Key Highlights
Flexible Coverage Options
Promise2Protect is available in two variants:
- Life Secure – A pure protection plan that secures the financial future of loved ones in case of an unfortunate event.
- Life Secure with Return of Premium – Provides an additional benefit where policyholders receive a refund of the premiums paid if no claims are made during the policy term.
Unique Features and Benefits
- Life Stage Enhancement – Allows policyholders to increase coverage at key life milestones such as marriage, childbirth, legal adoption, or home purchase.
- Flexible Death Benefit Payout – Policyholders can choose to receive the benefit as a lump sum, in installments, or a combination of both.
- Special Exit Value – Offers additional financial advantages at certain stages of the policy.
- Joint Coverage for Spouse – Provides protection for both the policyholder and their spouse under a single policy.
Conclusion
With Promise2Protect, Canara HSBC Life Insurance continues to enhance its commitment to financial security by offering flexible, customizable, and customer-centric insurance solutions. This innovative term plan empowers policyholders with greater control over their protection, ensuring their families’ well-being at every life stage.
