Canara HSBC Life Insurance Launches SecureInvest

News Desk, News Nation 360 : The new product, "SecureInvest", from Canara HSBC Life Insurance Company Limited, is a non-participating, unit-linked individual life insurance savings plan that is intended to accommodate policyholders' changing financial objectives and life stages. SecureInvest offers market-linked growth potential along with high life insurance coverage up to 100 times the annualised premium. Speaking on the launch, Rishi Mathur, Chief Distribution Officer- Alternate Channels and Chief Marketing Officer, Canara HSBC Life Insurance, stated that they at Canara HSBC Life Insurance are aware that life is full of opportunities to develop, safeguard, and leave a legacy. They have designed this plan to be suited to each stage of the policyholder's life in order to guarantee that these commitments are fulfilled. Their ongoing commitment to developing significant solutions for their clients is reflected in SecureInvest. Significant life insurance, investment development, and long-term value building are all combined in this plan, which is intended to change as the client's financial situation does. The SecureInvest scheme is consumer-oriented by rewarding long-term policyholder loyalty through Loyalty Additions from the 10th policy year and continuing every 5 years, with Maturity Boosters paid at the end of the policy term. It provides possible tax advantages on premiums and benefits under prevailing tax legislation. There are two options to choose from to meet varying objectives: SecureInvest Choice, offering life cover throughout the policy term along with the fund value at maturity, and SecureInvest Forever, providing life protection until age 85, ideal for those looking to create an inheritance. In addition, policyholders have the option of choosing from 12 funds and six portfolio management strategies with options like partial withdrawal, premium redirection, and fund switching to provide more flexibility and control over investments.