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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.
Final Thoughts
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.
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
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Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
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.
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.
Key Takeaways
A common rule of thumb is choosing a sum assured 10-15 times your annual income, adjusted for liabilities and dependents Factor in existing loans and liabilities so your family isn't left repaying debts out of their own pocket
Understanding Key Terms Regarding Life Insurance
Sum assured: The sum assured is the amount of money promised to the policyholder’s nominee upon their death, as per the terms of the policy. The general rule of thumb is to opt for a sum assured that is 10-15 times your current annual income.
Key Takeaways
Sum assured is the fixed, guaranteed payout your insurer promises your nominee in the event of a covered event, such as death, during the term
Understanding Key Terms Regarding Life Insurance
Sum assured: The sum assured is the amount of money promised to the policyholder’s nominee upon their death, as per the terms of the policy. The general rule of thumb is to opt for a sum assured that is 10-15 times your current annual income.
Factors to Decide Your Sum Assured
Current Income: Your income will decide how much you can pay as premiums. The higher the sum assured, the higher the premium; thus, you need to make sure how much you can spare from your income after handling the expenses. A commonly used benchmark is choosing a sum assured of 10-15 times your annual income, though this can vary based on your age, dependents, and existing savings
Understanding Key Terms Regarding Life Insurance
Sum assured: The sum assured is the amount of money promised to the policyholder’s nominee upon their death, as per the terms of the policy. The general rule of thumb is to opt for a sum assured that is 10-15 times your current annual income.