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Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Important Life Insurance Terms You Should Know
Beneficiary: A beneficiary is the individual legally entitled to receive the benefits from a life insurance policy. In many cases, the nominee and beneficiary may be the same person.
Glossary
Beneficiary: The person who has been named to receive the death benefit or payment of a life insurance policy. Whole Life Insurance: A life insurance policy that maintains coverage for the policyholder's lifetime and builds up a cash value.
2. Unit Linked Insurance Plans:
Unit-Linked Insurance Plans (ULIPs) are versatile investment plans from life insurance companies. These plans offer life cover and also let you invest in funds with different risk levels. You can build your investment portfolio while availing all the tax benefits available with these types of life insurance policies.
How are Different Types of Life Insurance Policies Treated in Divorce?
Unit Linked Insurance Plans (ULIPs): Unit Linked Insurance Plans (ULIPs) integrate life insurance and investment. A part of the premium is used to provide life cover, and the rest is invested in different financial instruments (stocks, bonds, etc.). Investment and Life Cover: The investment feature of ULIP earns returns as per the prevailing market. This renders ULIPs a valuable asset that can be shared during divorce settlements. Return on Investment (ROI): The ROI on ULIPs will be based on investment performance. In divorce settlements, the total value and returns can be split between the parties.