INSURANCE
Canara HSBC OBC Life launches ‘Secure Bhavishya’
Aug-25-2016

Canara HSBC Oriental Bank of Commerce Life Insurance has introduced a new linked insurance product ‘Secure Bhavishya’, which is designed to protect and meet an individual's future financial needs.

Secure Bhavishya is a Unit linked pension plan which will help customers’ build-up a retirement fund which can be used to provide a steady post retirement income. This plan offers the benefit of ‘capital protection', by way of minimum guarantee of 101% of all premiums paid as the maturity value.

Other salient features of the plans are: equity allocation to ensure superior returns over a long term, very low life cover (105% of premiums paid is the death benefit in the product) to ensure that significant portion of premiums are invested towards building the retirement fund, facility of unlimited top-ups depending upon one's retirement needs, option to choose retirement age and premium payment term as per age and life stage, flexibility to choose Annual or Monthly premium payment modes and Loyalty Additions to boost the fund value after every 5 years, starting from 10th policy year, etc.

  RELATED NEWS >>