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FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Conclusion

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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What Makes Promise4Growth Plus Stand Out?

Premium Payment Flexibility: Options to pay premiums regularly, as a limited payment plan, or as a single premium make it adaptable to diverse financial situations.

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We now take a look at the Best Life Insurance Plans by Canara HSBC Life Insurance.

iSelect Smart360 Term Plan: This is a life insurance term plan that offers whole life cover, multiple payout options, return of premium, increased coverage option and several other benefits. Here are the key features of this flexible term plan. Flexibility: You can choose from different options of coverage, premium payment and benefit payouts. You can choose to get cover for a limited period or your entire lifetime. Additional inbuilt coverages: You can benefit from additional inbuilt coverages to augment your cover. These include accidental death benefit, child support benefit, accidental total and permanent disability benefit. Add spouse: You can cover your spouse in the same policy. Flexibility in premium payment: You can choose from multiple premium payment options . You may choose to pay during your working years only. Options to receive benefits: You can receive benefits in lump sum, monthly income or a combination of the two. Increase cover: You can enhance your life cover at key life milestones.

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What Makes Promise4Growth Plus Stand Out?

Promise4Growth Plus is a Unit-Linked Insurance Plan ( ULIP ), designed to offer a perfect mix of investment growth and life insurance protection. Here's what makes it a unique proposition:

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We now take a look at the Best Life Insurance Plans by Canara HSBC Life Insurance.

Promise4Growth Plus: Promise4Growth Plus is a unit linked insurance plan that offers a wide range of options to invest your savings along with the benefit of a life insurance cover. Here are the key features and benefits of this plan. Death benefit: In the unfortunate event of the death of the policyholder, the family will get higher of the following: Sum assured less applicable partial withdrawals Fund value as on date of intimation of death claim 105% of all premiums paid up to the date of death Choice of funds: The plan offers a choice of 7 different funds and 4 portfolio strategies for investment. Based on your risk capacity, you can choose to allocate the premium in all or a combination of unit linked funds. You have the flexibility to switch between funds to benefit from market movements. Return of mortality charges: Mortality charges deducted during the policy term are added to the fund value on maturity. Loyalty additions: The plan offers fund value related loyalty additions at the end of the 5th policy year, 10th year, 15th year and so on. Wealth boosters: Along with loyalty additions, the plan offers wealth boosters based on premium payment term. These are added in the same proportion as the value of total units held in the unit linked funds. Partial withdrawals: You also have the option to make partial withdrawals to meet unplanned contingencies.

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Conclusion

Promise4Growth Plus is not just a policy; it is a well-thought-out financial strategy that blends the dual objectives of wealth creation and life protection. With a diverse array of funds, flexible payment options, and robust life cover benefits, it enables policyholders to grow their wealth while ensuring the safety of their loved ones. By integrating systematic investment practices with comprehensive insurance, Promise4Growth Plus provides a balanced and practical approach to financial planning.

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We now take a look at the Best Life Insurance Plans by Canara HSBC Life Insurance.

Promise4Growth Plus: Promise4Growth Plus is a unit linked insurance plan that offers a wide range of options to invest your savings along with the benefit of a life insurance cover. Here are the key features and benefits of this plan. Death benefit: In the unfortunate event of the death of the policyholder, the family will get higher of the following: Sum assured less applicable partial withdrawals Fund value as on date of intimation of death claim 105% of all premiums paid up to the date of death Choice of funds: The plan offers a choice of 7 different funds and 4 portfolio strategies for investment. Based on your risk capacity, you can choose to allocate the premium in all or a combination of unit linked funds. You have the flexibility to switch between funds to benefit from market movements. Return of mortality charges: Mortality charges deducted during the policy term are added to the fund value on maturity. Loyalty additions: The plan offers fund value related loyalty additions at the end of the 5th policy year, 10th year, 15th year and so on. Wealth boosters: Along with loyalty additions, the plan offers wealth boosters based on premium payment term. These are added in the same proportion as the value of total units held in the unit linked funds. Partial withdrawals: You also have the option to make partial withdrawals to meet unplanned contingencies.

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Practical Benefits of Promise4Growth Plus

The plan offers a range of practical benefits, making it an ideal choice for those seeking a holistic financial solution. Flexibility in Premium Payment: Choose between Regular, Limited, and Single Premium options to suit your cash flow and financial goals.

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We now take a look at the Best Life Insurance Plans by Canara HSBC Life Insurance.

iSelect Smart360 Term Plan: This is a life insurance term plan that offers whole life cover, multiple payout options, return of premium, increased coverage option and several other benefits. Here are the key features of this flexible term plan. Flexibility: You can choose from different options of coverage, premium payment and benefit payouts. You can choose to get cover for a limited period or your entire lifetime. Additional inbuilt coverages: You can benefit from additional inbuilt coverages to augment your cover. These include accidental death benefit, child support benefit, accidental total and permanent disability benefit. Add spouse: You can cover your spouse in the same policy. Flexibility in premium payment: You can choose from multiple premium payment options . You may choose to pay during your working years only. Options to receive benefits: You can receive benefits in lump sum, monthly income or a combination of the two. Increase cover: You can enhance your life cover at key life milestones.

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Wealth Creation with Promise4Growth Plus

Return of Mortality Charges (RoMC): The mortality charges deducted during the policy term are added back to the Fund Value at maturity. This means the cost of life cover you paid for during the policy doesn’t reduce your investment in the long run. Essentially, it rewards you for staying invested, enhancing the overall growth of your fund. Over time, these added amounts can make a meaningful difference to your total corpus, giving your financial plan an extra boost.

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We now take a look at the Best Life Insurance Plans by Canara HSBC Life Insurance.

Promise4Growth Plus: Promise4Growth Plus is a unit linked insurance plan that offers a wide range of options to invest your savings along with the benefit of a life insurance cover. Here are the key features and benefits of this plan. Death benefit: In the unfortunate event of the death of the policyholder, the family will get higher of the following: Sum assured less applicable partial withdrawals Fund value as on date of intimation of death claim 105% of all premiums paid up to the date of death Choice of funds: The plan offers a choice of 7 different funds and 4 portfolio strategies for investment. Based on your risk capacity, you can choose to allocate the premium in all or a combination of unit linked funds. You have the flexibility to switch between funds to benefit from market movements. Return of mortality charges: Mortality charges deducted during the policy term are added to the fund value on maturity. Loyalty additions: The plan offers fund value related loyalty additions at the end of the 5th policy year, 10th year, 15th year and so on. Wealth boosters: Along with loyalty additions, the plan offers wealth boosters based on premium payment term. These are added in the same proportion as the value of total units held in the unit linked funds. Partial withdrawals: You also have the option to make partial withdrawals to meet unplanned contingencies.