Canara HSBC Life Insurance has rolled out a new product called SecureInvest, a unit-linked, non-participating life insurance policy that combines high life cover with market-linked investment potential.
The plan offers policyholders the flexibility to choose between two coverage options. SecureInvest Choice provides life insurance throughout the policy term and pays the fund value upon maturity. On the other hand, SecureInvest Forever extends coverage up to age 85 and is designed for those seeking long-term financial security or planning to leave a legacy.
Both variants provide life insurance coverage up to 100 times the annualized premium. Policyholders can select from 12 investment fund options and six portfolio management strategies, and can exercise control through features such as premium redirection, fund switching, and partial withdrawals.
Rishi Mathur, chief marketing officer at Canara HSBC Life Insurance, said the product was developed to support the evolving financial goals of policyholders.
“At Canara HSBC Life Insurance, we understand that life is full of promises, to grow, to protect, and to leave a legacy. To ensure these promises are met, we have crafted this plan tailored to every stage of the policyholder's life,” Mathur said.
To encourage long-term savings behavior, SecureInvest includes Loyalty Additions starting in the 10th policy year and recurring every five years thereafter. At the end of the policy term, a Maturity Booster is also provided.
