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First documentHow Life Insurance Can Support Your Retirement Planning?Open original ↗
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Second documentLife Insurance Without Dependents: Do You Really Need It?Open original ↗
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First paragraph181 words
4 Solid Life Insurance Plans that can Help you Maximise Your Retirement
Whole Life Insurance: If you have dependents such as a spouse or a child with special needs or ageing parents, whole life insurance is a perfect choice. It is a term insurance policy that covers you till 99 years of age. Premiums are fixed for the entire policy duration, allowing you to plan your expenses within budget. On survival of the policy term, the maturity amount is given to the insured, and in the case of death, the amount is disbursed to the nominee along with the bonus, if any. You can also opt for riders for additional benefits such as critical illness, accidental death or permanent disability, among others. Note: You can consider iSelect Smart360 Term Plan by Canara HSBC Life Insurance, which comes with varied premiums, benefits and coverage options that can be customised as per your preferences. Not only this, you can also opt for inbuilt additional coverage and enjoy discounts to make the most of your investment. So choose a plan that suits your requirements and ensure that you retire with financial security and peace of mind.
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Second paragraph97 words
Why Life Insurance Matters Even Without Dependents?
Legacy: If you want to leave behind your legacy, life insurance will help you do so. Whole life insurance plans prove to be an excellent investment if you want to create a legacy. Whole life plans cover you till the age of 99. If you die before this age, then the sum assured is provided to your assigned beneficiaries. Even if you have no dependents, you can choose your parents or even any trusted organisation whom you would like to give it as your beneficiary. This allows your legacy to live even after you are not present.
First paragraph168 words
4 Solid Life Insurance Plans that can Help you Maximise Your Retirement
Unit Linked Investment Plan(ULIP): A ULIP serves the dual purpose of insurance and investment. The annual premium paid by you is diverted in two ways: while a part of it is used to provide you with a life cover, another part is invested in the capital markets. Investors can choose from debt, equity or hybrid funds as per their risk appetite and can even switch from one fund to another. This investment tool not only provides financial security to your family but also helps create wealth from the money invested in the market. It also allows for partial withdrawal, top-ups and redirection of premiums, as well as offering considerable flexibility in saving for retirement. You can consider Promise4Growth Plus by Canara HSBC Life Insurance. It is a flexible ULIP combining insurance with market-linked investment. It offers three variants (Wealth, Care, Life), multiple fund options, auto‑rebalance features, loyalty boosters, and adds back mortality charges at maturity. Ideal for long‑term goals with tailored risk options.
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Second paragraph156 words
Why Life Insurance Matters Even Without Dependents?
Great Chance to Build your Wealth: Life insurance variants such as ULIP (Unit-linked Insurance Plan) combine the dual benefit of both insurance and investment in a single plan. Under this plan, the premium you pay is invested in securities that are linked to the market. You can consider Promise4Growth Plus by Canara HSBC Life Insurance. It offers life cover, low policy charges, and return of mortality charges at maturity. It also offers premium funding benefits, flexible payment terms, 12 diverse fund options, and multiple portfolio strategies. Returns from these securities can help increase your investment’s value. You can choose to invest in a fund that you prefer according to your risk tolerance. You can also consider the endowment policy. An endowment policy combines insurance and savings. These plans involve life cover as well as a savings component that is risk-free and keeps your wealth preserved. Also, you get a sum assured after maturity.