Canara HSBC Launches 'SecureInvest' with Life Cover Up to 100x Premium
- SecureInvest offers life coverage up to 100 times the annualized premium.
- Includes 12 fund options, 6 portfolio strategies, loyalty additions, and maturity boosters.
- SecureInvest Choice for protection and growth; SecureInvest Forever for lifelong coverage up to age 85.
Canara HSBC Life Insurance Company Limited has announced the launch of SecureInvest (UIN: 136L092V01), a non-participating Unit Linked Individual Life Insurance Savings Plan. Designed to adapt to policyholders' changing life stages and financial goals, SecureInvest offers a compelling combination of robust life coverage and market-linked investment opportunities.
With high life cover of up to 100 times the Annualized Premium, SecureInvest is aimed at individuals seeking both protection and long-term wealth creation. It is available in two plan options: SecureInvest Choice, which provides life cover during the policy term along with accumulated fund value at maturity, and SecureInvest Forever, which extends coverage up to age 85 making it ideal for those focused on leaving a financial legacy.
Speaking at the launch, Mr. Rishi Mathur, Chief Distribution Officer - Alternate Channels and Chief Marketing Officer, said, “Life is full of promises to grow, to protect, and to leave behind a legacy. SecureInvest is tailored to evolve with these life promises, offering a strategic blend of life cover, investment growth, and long-term value”.
The plan rewards policyholders' long-term commitment with Loyalty Additions starting from the 10th policy year and every five years thereafter. Additionally, Maturity Boosters are added at the end of the policy term. Policyholders can also enjoy tax benefits on premiums and returns as per prevailing tax regulations.
SecureInvest provides 12 diverse fund options, six portfolio management strategies, and features such as partial withdrawals, fund switching, and premium redirection, giving policyholders greater control and flexibility over their investments.
With SecureInvest, Canara HSBC Life Insurance continues to reinforce its commitment to delivering comprehensive, customer-centric solutions that align with the evolving needs of modern policyholders.
