Canara HSBC Life Insurance Introduces ‘Promise2Protect’
Canara HSBC Life Insurance has rolled out ‘Promise2Protect,’ a new term insurance plan designed to provide financial security.
This new offer, launched on February 24, 2025, aims to provide financial protection against life’s uncertainties.
‘Promise2Protect’ aims to deliver comprehensive financial security solutions with flexible benefits to address clients’ needs.
The plan offers customizable options, allowing policyholders to tailor their coverage to their individual needs and objectives.
The plan includes two options: Life Secure and Life Secure with Return of Premium.
Life Secure provides basic protection. Life Secure with Return of Premium offers a refund of premiums paid if no claims are made during the policy term.
Key features include Life Stage Enhancement, which allows clients to increase coverage during life milestones like marriage, childbirth, or home purchases.
It also provides flexible death benefit payouts, allowing beneficiaries to receive the benefit as a lump sum, installments, or a combination.
Moreover, ‘Promise2Protect’ offers special exit values and coverage for both the policyholder and their spouse within the same policy.
Mr. Rishi Mathur, Chief Distribution Officer-Alternate Channels and Chief Marketing Officer, stated that the plan is designed to grow with customers through life’s milestones, offering unique options and flexibility.
Canara HSBC Life Insurance’s ‘Promises Ka Partner’ philosophy aims to provide simpler insurance and faster claims processes.
About Canara HSBC Life Insurance
Established in 2008, Canara HSBC Life Insurance is a joint venture involving Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited, and Punjab National Bank.
The company has a wide variety of life insurance solutions.
These products are offered through multiple channels, including partner banks, digital platforms, and a direct field force.
Canara HSBC Life Insurance has a wide network of branches across India.
