Promise4Wealth: Canara HSBC Life Insurance Launches New ULIP
Why in the news
Canara HSBC Life Insurance brought out a new ULIP named Promise4Wealth. It is a market-linked plan that mixes insurance protection with long-term wealth building.
Key facts
- Insurer: Canara HSBC Life Insurance.
- Product: Promise4Wealth, a market-linked ULIP.
- Charges: zero premium allocation charges.
- Choice: multiple fund options for policyholders.
Plan variants
| Variant | Note |
|---|---|
| Maximiser | One of the three options |
| Shield | One of the three options |
| Long Life | Cover extends up to 100 years |
Exam angle
- Plan name: Promise4Wealth; type: market-linked ULIP.
- Feature to remember: zero premium allocation charges.
- Longest cover: the Long Life variant, up to 100 years.