New Delhi, February 24, 2025.
Canara HSBC Life Insurance today unveiled its latest offering, Promise2Protect, as part of its commitment to deliver all-encompassing financial security solutions to a wide range of customers. This new term insurance plan is thoughtfully designed to provide robust protection against life’s uncertainties, offering a wide range of flexible benefits to meet the differentiated needs of customers. With its customizable options, Promise2Protect ensures that policyholders can safeguard their families’ financial future while aligning with their individual preferences and life goals.
Promise2Protect offers two variants– Life Secure and Life Secure with Return of Premium. Life Secure offers pure protection, securing the financial future of loved ones in the event of an unfortunate occurrence. Life Secure with Return of Premium provides the added benefit of refunding the premiums paid if no claims are made during the policy term.
This offering has diverse key features like Life Stage Enhancement which allows customers to increase their cover on milestones like marriage, childbirth/legal adoption, or purchasing a new home. It also enables customers to increase the cover and provides Flexible Death Benefit Payout which allows to take benefit in lump sum, in installments, or a combination of both. Further, Promise2Protect offers special exit value and coverage for both the policyholder and spouse under the same policy.
Commenting on the launch, Mr. Rishi Mathur, Chief Distribution Officer-Alternate Channels and Chief Marketing Officer said, “At Canara HSBC Life Insurance, we recognize that life’s changes bring evolving financial needs. Promise2Protect is crafted to grow with our customers in their journey through life’s milestones like a new home or a growing family. By offering unique options providing flexibility and security, and the choice to customize the plan in line with their needs, we ensure their future is safeguarded and promises to their loved ones are protected, no matter what challenges their journey through life stages brings.”
With Promise2Protect, Canara HSBC Life Insurance reaffirms its commitment to providing comprehensive financial security that adapts to evolving needs, featuring Life Stage Enhancement, Increasing Cover, multiple payout options, and premium refunds under specific conditions. By combining protection with smart financial planning, Promise2Protect empowers individuals and families to secure their future with confidence.
