Canara HSBC Life Insurance launches “Wealth Edge”
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New Delhi: Canara HSBC Life Insurance has launched a Unit Linked Individual Savings Insurance Plan (ULIP) “Wealth Edge”. This plan is specially introduced for those people who are looking for a full proof plan for their financial security. This product understands the importance of financial goals that one can set for different stages of one’s life. Apart from helping in achieving such goals, it also provides the added protection of life insurance, so that the life assured and his family can be protected against various unforeseen uncertainties.
The company said in a statement issued here today that the product offers three different plans based on the need and current requirements of the individual – Invest Plus offers life coverage during the term of the policy and accumulated fund value at maturity; Premium Plus takes over all the financial responsibilities in the absence of the Life Assured; Life Plus helps in planning for retirement and ensures that the life assured is covered till the age of 100 years.
The plan offers customers 8 different investment funds to choose from and Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO) along with the convenience of getting accumulated wealth as per the needs of the individual.
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