Canara HSBC Life Insurance has introduced a new term insurance product, Promise2Protect, designed to provide flexible financial protection tailored to the evolving needs of policyholders.
The new plan offers two variants: Life Secure, which focuses on pure protection, and Life Secure with Return of Premium, which refunds premiums if no claims are made during the policy term.
A standout feature of Promise2Protect is the Life Stage Enhancement, which enables policyholders to increase their coverage at key life milestones such as marriage, the birth of a child, or the purchase of a home.
Additionally, the policy provides a Flexible Death Benefit Payout, allowing beneficiaries to choose between a lump sum, instalment payments, or a combination of both for the payout.
Promise2Protect also offers special exit value and includes coverage for both the policyholder and their spouse under a single policy, enhancing its appeal for families.
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