CHOICE Life Insurance introduces iNVESTSHIELD

CHOICE Life Insurance introduces iNVESTSHIELD

CHOICE Life Insurance introduces iNVESTSHIELD

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new linked insurance product ‘iNVESTSHIELD’ that designed to protect and meet an individual's present and future financial needs. Protect your & family’s needs with iNVESTSHIELD Plan.

About iNVESTSHIELD : #iNVESTSHIELD is an exclusive online Linked plan designed for customers who are looking for a hassle free experience and convenience of buying online. It's a feature rich product with the USP being the ‘Premium Funding’ option whereby in the event of the life insured’s death -  in addition to the immediate benefit payout (higher of Sum Assured or 105% premium paid), the Insurance Company funds the remaining premiums for the remaining policy term  and the fund value is also paid on maturity. Therefore, the plan provides a solution to meet wealth accumulation needs along with a protection cover, with the convenience of buying online through a simple and user friendly process.  The customer also has a flexibility of multiple funds depending upon the risk appetite and switching between funds as well as systematic investment. 

Mr. Anuj Mathur​​
Chief Executive Officer and Whole-time director, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Mr. Anuj Mathur,  said, We have launched #iNVESTSHIELD plan with objective of helping investors in wealth accumulation and protecting one's family needs, especially for young parents, as in case of any unfortunate event, the product offers policy continuity without payment of any future premiums. With introduction of #iNVESTSHIELD, we have further expanded our online footprint and now offer solutions for both protection and investment needs through the online platform."

Some Features of Canara HSBC Oriental Bank of Commerce Life Insurance #iNVESTSHIELD Plan         

• Flexibility to customize  the plan as per one's need
• Zero Premium Allocation Charge throughout the premium payment term of the Policy
• Loyalty Additions for additional allocation of units to boost  the retirement fund
• Choice of Investment Funds ranging from 0% to 100% equity exposure, to match one's risk appetite
• Premium waiver benefit option which helps the parents to plan a secure future for their children.
• Safety Switch Option enables one to move  funds systematically to a relatively low risk Liquid Fund to avoid market movements in the last four Policy years
• Liquidity through partial withdrawals to help meet unplanned financial needs
• Tax benefits on premium paid and benefit received during Policy term under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time.
• Convenience to buy directly from our website www.canarahsbclife.com
• Product Link - CLICK HERE  or use http://bit.ly/iULIP_launch