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.”
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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).
