Canara HSBC Life Insurance introduced a non-linked non-participating individual savings life insurance plan

Canara HSBC Life Insurance has introduced a non-linked non-participating individual savings life insurance plan, the Guaranteed One Pay Advantage plan. The plan offers ease of premium payment and flexibility of tenure. Keeping in mind the changing life situations and future uncertainties, this new product of the company ensures the financial security of the family throughout the policy term and gives assured maturity benefits. Customers looking for hassle-free, one-time savings can take advantage of the guaranteed One Pay advantage, as the product will provide life cover and assured maturity benefits to the insured family irrespective of market volatility.

This product offers two coverage options – single life and joint life coverage. Customers can also avail loan facility after completion of surrender value of the policy in case of any unforeseen circumstances in life.  With its assured returns, this product will surely assist the customer in achieving life's critical financial goals and create wealth for the customer in the long run.

On the launch of the Guaranteed One Pay Advantage plan, Mr. Anuj Mathur, MD & CEO, Canara HSBC Life Insurance said, “With this new offering, we aim to offer our customers a simplified and balanced product line of life insurance that will enable them to choose the best of the market. will enable it to achieve its financial goals irrespective of the ups and downs of the economy. With One Pay, customers will be able to protect themselves and their families by paying premium only once.