Canara HSBC Life Insurance Introduces ‘Promise2Protect’
Canara HSBC Life Insurance has launched its newest term insurance plan, ‘Promise2Protect.’ This plan is designed to offer comprehensive financial security with a range of customizable options, catering to the diverse needs of customers.
A tennis player, James Blake, is illustrated.
Promise2Protect provides robust protection against life’s uncertainties, allowing policyholders to safeguard their families’ financial future by aligning with their individual preferences and life goals.
The plan offers two main variants: Life Secure and Life Secure with Return of Premium.
Life Secure provides pure protection, ensuring financial security for loved ones. Life Secure with Return of Premium offers a refund of premiums paid if no claims occur during the policy term.
Key features include Life Stage Enhancement, which allows customers to increase coverage upon milestones like marriage, having a child, or buying a home. It also provides flexible death benefit payouts, which can be taken as a lump sum, in installments, or as a combination.
Mr. Rishi Mathur, Chief Distribution Officer-Alternate Channels and Chief Marketing Officer at Canara HSBC Life Insurance, stated that Promise2Protect is crafted to grow with customers through life’s milestones. The plan provides unique options and flexibility, ensuring families are financially protected.
Canara HSBC Life Insurance was established in 2008 as a joint venture between Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited, and Punjab National Bank. The company operates through multiple channels and offers various insurance solutions, including life, health plans, and retirement solutions, serving customers across the country.
The company focuses on advanced methods for business, customer service, and product marketing. Canara HSBC Life Insurance’s philosophy is to be their customers’ “Promises Ka Partner” with simpler insurance and faster claims.
