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As on: Apr 20, 2019 02:35 PM
Canara HSBC OBC Life Insurance launches 'Guaranteed Income Plan'
30-Jan-19   18:42 Hrs IST

Canara HSBC Oriental Bank of Commerce Life Insurance Company strengthens its traditional product portfolio with launch of Guaranteed Income Plan, which offers guaranteed benefits so that one can fulfill their dreams.

'Canara HSBC Oriental Bank of Commerce Life Insurance Guaranteed Income Plan' is a non participating, non linked guaranteed income plan which offers different cash back payouts at different stages of life depending on the individual financial needs of the customer.

"This guaranteed income plan is our second product after guaranteed savings plan, which was launched in Q3FY19. Both our insurance products are designed to offer long term benefits with regular guaranteed income, one time pay out survival benefits and sum assured in case of any untoward eventuality. As we move towards different life stages in our life, we all need an insurance plan that secures one's life and allows saving as per the requirement to reach the objectives. Our Guaranteed Income plan comes with enhanced protection option which provides complete freedom to the customers for taking informed decisions basis their changing life stage needs and future goals," said Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance.

Key highlights:

Provides life cover for the entire term while you pay premium only for a limited period/one time

Payouts For Child's Education - Guaranteed Annual Cashback payouts aligned closely to your child's educational milestones under Guaranteed Cashback Option (Plan Option 1) & Guaranteed Cashback with Premium Protection Option (Plan Option 2)

Guaranteed Annual Income - Payable at the end of every year after the premium payment term till maturity (under Guaranteed Income Advantage Option {Plan Option 3})

Guaranteed Maturity Benefit - Guaranteed benefits payable on maturity, provided all due premiums have been paid

Better Value For Higher Premium - High Premium Booster to ensure that you get extra benefit for making a higher premium commitment.

Customization of savings - Gives horizon to your important financial goals, Multiple policy term options to help you select the best suited policy term which is closely aligned to your financial goals