Canara HSBC Life Insurance Launches iSelect guaranteed future plan

Canara HSBC Life Insurance Launches iSelect guaranteed future plan: A new life insurance plan that emphasizes on savings has been introduced by Canara HSBC Life Insurance. It is an individual, non-linked, non-participating life insurance plan with the name “iSelect Guaranteed Future” that provides savings and protection. The Plan will help an individual by providing security to his/her family’s future in case of unfortunate circumstances and also by saving for future financial requirements. The company’s digital platform was used to launch the product. Since its founding, which was 14 years ago, the company has been keeping its promises to clients, and it now aspires to be its “Promises ka Partner” by creating insurance products that are both innovative and geared toward client requirements.

What is the iSelect guaranteed future plan?

The iSelect Guaranteed Future Plan is a life insurance savings and protection policy that offers stability and security in the customer’s finances as well as a backup source of savings to assist the customer in reaching his financial objectives. The plan gives guaranteed benefits that will help the customer deal with any financial uncertainty he may encounter in his life. The target market for this product is primarily young people who have knowledge of the internet and like digital platforms.

Benefits of iSelect guaranteed future plan:

• The product gives customers the liberty to choose the plan options, premium amount, premium payment term, policy term, and premium payment mechanism that best suits their saving needs.
• Depending on the customer’s financial situation, he/she can choose to pay the premiums over 5, 7, or 10 years or all at once. With Payor Premium Protection Cover, the iSelect Guaranteed Future Plan is an alternate source of savings option that will look after an individual’s loved ones even if the person is not around.
• Multiple features are included in the iSelect Guaranteed Future Plan, which has been designed to address both short- and long-term financial needs. The product includes a “Guaranteed Maturity Benefit” and offers “Boost your Maturity,” both of which help customers achieve their financial aspirations and dreams.
• iSelect Guaranteed Future aims to give customers a comprehensive insurance solution that facilitates savings while also providing financial protection for their loved ones, this offering will assist in maximizing our digital presence across platforms.
• Customers will be able to maximize their savings and reach their financial objectives at set intervals with the help of the plan.

Canara HSBC Life Insurance Launches iSelect guaranteed future plan in Hindi

Canara HSBC Life Insurance

• Canara HSBC Life Insurance is a Life insurance company that was established in 2008 in India.
• It is a joint venture between Punjab National Bank (23%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Canara Bank (51%).
• The company changed its name to Canara HSBC Life Insurance on June 15, 2022, after Punjab National Bank left as its third partner.
• MD and CEO of Canara HSBC Life Insurance is Anuj Mathur.
• Headquarters: Gurugram

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