New Delhi: Canara HSBC Oriental Bank of Commerce Life Insurance Company launches a new life insurance cum savings plan which offers systematic savings with an advantage of life insurance and guaranteed maturity benefit. This is a traditional non-participating plan intended for long term savings and protection to meet one’s financial goals. The product has been designed to help individual ensure that none of their goals are compromised and at the same time have savings for assistance.
Mr. Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company said, “Guaranteed Income Advantage Plan is a customer’s goals-oriented product which has been designed to help the customer in fulfilling their long term goals with a guaranteed maturity benefit and short term goals with fixed regular income. As an individual moves ahead in life, a systematic insurance plan can help attain financial goals in more synchronized manner, hence, with this product, one will be able to secure life and the goals. ”
Key highlights of the plan:
· Individual Life Cover – Provides life cover for the entire term while you pay premium only for a limited period
· Guaranteed Annual Income – Payable on survival at the end of every policy year after the premium payment term till maturity, provided all due premiums have been paid
· Guaranteed Maturity Benefit – A guaranteed benefit 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