Canara HSBC Life Insurance Launches Market-Linked Savings ‘Plan Promise4Wealth’
In April 2026, Canara HSBC Life Insurance Company Limited (Canara HSBC Life Insurance) launched ‘Promise4Wealth’, a next-generation Unit Linked Insurance Plan (ULIP) designed to offer long-term wealth creation along with life insurance protection.
About Promise4Wealth:
Zero-Premium Allocation: The new product will offer zero premium allocation charge to policy holders.
Fund Options: Policyholders will have the option to access to various funds, including a passive fund linked to the Bombay Stock Exchange (BSE 500) Enhanced Value 50 Index.
Key Variants: The newly launched product features 3 plan variants:
In April 2026, Canara HSBC Life Insurance Company Limited (Canara HSBC Life Insurance) launched ‘Promise4Wealth’, a next-generation Unit Linked Insurance Plan (ULIP) designed to offer long-term wealth creation along with life insurance protection.
About Promise4Wealth:
Zero-Premium Allocation: The new product will offer zero premium allocation charge to policy holders.
Fund Options: Policyholders will have the option to access to various funds, including a passive fund linked to the Bombay Stock Exchange (BSE 500) Enhanced Value 50 Index.
Key Variants: The newly launched product features 3 plan variants:
- Promise4Wealth Maximiser: Focuses on maximising investment corpus over time, offering life insurance cover throughout the policy term with maturity benefits.
- Promise4Wealth Shield: Ensures continuation of savings as the insurer pays future premiums on the policyholder’s death, while the nominee receives a lump-sum sum assured and monthly income (up to 120 months).
- Promise4Wealth Long Life: It will provide life insurance cover to individuals up to age 100.
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