APN News

“Guaranteed One Pay Advantage Plan” – One Premium Payment Offering Life Cover & Guaranteed Benefits

A Non-Linked Non-Participating Individual Savings Life Insurance Plan by Canara HSBC Life Insurance

New Delhi :  Canara HSBC Life Insurance introduces Guaranteed One Pay Advantage plan, a non-linked non-participating individual savings life insurance plan providing simplicity of premium payment and flexibility of tenure. Factoring in the changing life situations & uncertainties of future, the new product from the Company ensures financial protection for the family throughout policy period and provide guaranteed maturity benefits. Customers, who are looking for one-time hassle-free savings, can opt for Guaranteed One Pay Advantage as the product will offer Life Cover & guaranteed maturity benefits to the insured or family irrespective of the market movements.

The product offers two coverage options Single Life and Joint Life coverage. In case of any unprecedented situation of life, a customer can also opt for loan facility post policy acquires the surrender value. Policy benefits are upfront guaranteed at the start of the policy to the policy holder. The product with its assured returns will certainly help the customer in meeting important financial goals of life coupled with wealth creation in a longer run.

Commenting on the launch of the Guaranteed One Pay Advantage Plan, Mr. Anuj Mathur, MD and CEO, Canara HSBC Life Insurance says, “With the introduction of our new offering, we aim to provide our customers a simplified and balanced life insurance product which will empower them to achieve their financial goals irrespective of the prevailing market behavior. One Pay will allow customers to protect themselves and their families with just one single premium payment.”

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