Daily mirror. news,New Delhi, April9, 2025: Canara HSBC Life Insurance has launched Promise4Growth Plus, a new Unit Linked Individual Savings Life Insurance Plan, offering a powerful blend of long-term wealth creation and comprehensive life coverage. Designed to cater to diverse financial aspirations across life stages, the plan empowers policyholders to secure their family’s future while optimizing their investment potential.

Promise4Growth Plus stands out for its flexible design, offering customers the choice of three plan options—Promise4Wealth Plus, Promise4Care Plus, and Promise4Life Plus—each tailored to meet distinct financial goals such as wealth accumulation, dependent protection, and legacy planning.

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Key Features of Promise4Growth Plus:

  • No Premium Allocation & Policy Administration Charges
  • Premium Funding Benefit (available under select options)
  • Multiple Withdrawal Options for liquidity
  • Access to 12 Funds & Portfolio Management Strategies
  • Tax Benefits on premiums under prevailing laws

Plan Options at a Glance:

  • Promise4Wealth Plus: Offers fund value at maturity and life cover with a death benefit of the highest of Sum Assured (less withdrawals), Fund Value, or 105% of total premiums.
  • Promise4Care Plus: Secures the future of dependents with a lump sum and monthly income for up to 120 months in the event of the policyholder’s demise.
  • Promise4Life Plus: Provides life cover up to 100 years of age, ideal for building a financial legacy.

Speaking on the launch, Rishi Mathur, Chief Distribution Officer – Alternate Channels and CMO, said, “Promise4Growth Plus is built on the insight that today’s customers need both financial protection and long-term value. It’s a smart solution that merges life cover with flexible savings to adapt to various life goals. It’s not just insurance—it’s a commitment to a financially secure tomorrow.”

The plan is available online, making it easily accessible to a wide range of customers and reaffirming Canara HSBC Life Insurance’s dedication to innovation and customer-centricity.