Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India’s largest public sector banks -Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world’s largest banking and financial services groups -HSBC. It has an exclusive access to around 6 Cr customers and a network of 6000 bank branches of its corporate agents.
Canara HSBC and OBC has launched a part protection and part investment plan called #Investshield. This Plan provides protection features through different benefit options to suit every individualâs needs. Everyone have dreams for themselves and the ones they love .They need a financial plan that helps them to achieve their dreams while protecting them in adverse situations.
So with #Investshield, Canara HSBC and OBC endeavor to provide everyone with solutions that help them plan better when it comes to their familyâs needs. It is a unit linked non-participatory investment cum insurance plan which provides the opportunity to create wealth to fulfill various family needs like building a asset or to ensure for a bright future for your child. This Plan has been made taking into account needs of everyone which is not only value for money investment but also provides everyone a choice for opting the protection suitable for them.
Moreover the process is quite simple and no one needs to go through a cumbersome process. This plan provides protection features through different benefit options to suit every individualâs needs. You just need to choose your benefit option as below and customize your plan.
#iNVESTSHIELD Plan provides following Key benefits:
• Convenience to buy directly from website www.canarahsbclife.com
• Flexibility to customize your plan as per your need
• Zero Premium Allocation Charge throughout the premium payment term of your Policy
• Loyalty Additions as additional allocation of units to boost your investments
• Choice of Investment Funds ranging from 0% to 100% equity exposure, to match your appetite towards investment risks and returns
• Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund to avoid market movements in the last four Policy years
• Liquidity to take partial withdrawals to help you meet unplanned contingencies
• Tax benefits on premium paid and benefit received during Policy term under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time
It’s time to fulfil your dreams with a financial plan that suits your family needs and makes you plan your life in a better way .Just Click http://www.canarahsbclife.com/lifeinsurance/portal/canh/home/for-individual/iNVESTSHIELD_Plan and get yourself insured directly .