New Delhi : Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”), today announced the launch of its latest product ‘SecureInvest,’ (UIN: 136L092V01) a non-participating, Unit Linked Individual Life Insurance Savings Plan designed to align with the evolving financial goals and life stages of policyholders. SecureInvest combines high life cover offering up to 100 times of the Annualized Premium with the potential for market-linked growth.
Speaking on the launch, Mr. Rishi Mathur, Chief Distribution Officer- Alternate Channels and Chief Marketing Officer, Canara HSBC Life Insurance said, “At Canara HSBC Life Insurance, we understand that life is full of promises, to grow, to protect, and to leave a legacy. To ensure these promises are met, we have crafted this plan tailored to every stage of the policyholder’s life. SecureInvest reflects our continued focus on creating meaningful solutions for our customers. This plan blends substantial life cover, investment growth, and long-term value creation- all in one offering designed to evolve with the customer’s financial journey.”
This plan is packed with consumer-friendly features. Policyholders are rewarded for their long-term commitment with Loyalty Additions starting at the end of the 10th policy year and recurring every 5th year thereafter, along with Maturity Boosters at the end of the policy term. Policyholders may also benefit from tax advantages on premiums paid and benefits received, as per prevailing tax laws.
SecureInvest comes with two plan options, catering to different life goals:
1. SecureInvest Choice– Offers life cover during the policy term, plus the accumulated fund value on maturity.
2. SecureInvest Forever – Extends protection up to age 85, making it ideal for those who wish to build a legacy for their loved ones.
The plan also includes 12 fund choices, six portfolio management strategies, and features like partial withdrawals, premium redirection, and fund switching offering policyholders’ greater control over their investments.
