Canara HSBC Life launches EZ Pension Plan

News Desk, News Nation 360 : In collaboration with Policybazaar, Canara HSBC Life Insurance Company Limited announced the introduction of its newest product, the EZ Pension Plan. The goal of this individual-linked pension plan is to help policyholders become financially independent when they retire. Many people are ill-prepared for life after work due to growing healthcare costs and a lack of knowledge about retirement preparation. The EZ Pension Plan helps clients gradually accumulate a retirement corpus in an effort to close this gap. Commenting on the launch, Rishi Mathur, Chief Distribution Officer- Alternate Channels and Chief Marketing Officer, Canara HSBC Life Insurance, stated that they are pleased to present the EZ Pension Plan, a product created to improve their clients' long-term financial stability. Retirement is a phase of life that ought to be experienced peacefully. At Canara HSBC Life Insurance, they aim to enable that by providing a solution that blends growth prospects, flexibility, and frugal saving. The goal of this strategy is to empower people to take control of their destiny so they may concentrate on living a fulfilling retirement. The EZ Pension Plan responds to India's changing demographic landscape, with the population aged 60 and above likely to almost double by 2050, which requires an organised method of retirement savings in view of evolving lifestyles. A plan formulated to enable individuals to build up funds step by step, the plan provides the prospect of market-linked growth along with flexibility to suit varying stages of life and financial needs. Some of the key features are zero allocation fees, with 100% of the premium going into investment funds, allowing for greater growth opportunities. The plan offers flexibility to select retirement age as well as premium payment terms to fit individual requirements, enabling policyholders to design the plan to suit their financial objectives and time frames. In addition, it provides free unlimited switches throughout the policy term, allowing investors to enhance their portfolio by redistributing investments among various fund choices without additional charges. This blend of characteristics is intended to give people a flexible, growth-based retirement savings plan that adapts to their shifting situations as it responds to the increasing demand for durable and consistent retirement income.

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