Canara HSBC Life introduced “Wealth Edge”

Canara HSBC Life Insurance

Canara HSBC Life Insurance introduced “Wealth Edge,” a Unit Linked Individual Savings Insurance Plan (ULIP) designed specifically for customers seeking a comprehensive financial security plan. The product recognises the significance of financial goals that an individual may establish for his various life stages and assists in their fulfilment while also offering an added shield of life insurance to safeguard the life assured and their family from various unforeseen uncertainties.

Invest Plus provides life coverage during the Policy Term as well as accumulated fund value at maturity; Premium Plus handles all financial responsibilities in the absence of the life assured; and Life Plus aids retirement planning by ensuring that the life assured remains covered until the age of 100 years.

Commenting on the launch of the product, Anuj Mathur, MD and CEO, Canara HSBC Life Insurance says, “Wealth Edge has been designed to help fulfil the life goals of an individual by providing utmost flexibility. The need of the hour was to develop a product that ensures that the customer’s needs are met while at the same time offers them a shield in case of uncertainties and secures their financial future. This product will empower one to deliver the promises that they would have made to their near and dear ones.”

Also Read | Canara HSBC Life Insurance introduces “Guaranteed Fortune Plan”

The plan allows users to select from eight different investment funds and access the accumulated capital as needed through the Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO).

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.