Life is indeed unpredictable. You never know what would happen to whom and when. Hence, to help you in the time of despair, it is important that every one of us insure ourselves. Insurance can be confusing and it’s hard to know what you really need or want. Along with keeping our dear ones safe we also worry about fulfilling their dreams.
Recently, Canara HSBC Oriental Bank of Commerce Life Insurance launched a new linked insurance product called as iNVESTSHIELD that is designed to protect and meet an individual’s present and future financial needs. This is specially designed for customers who are looking for a trouble free and a convenient online buying experience. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India’s largest public sector banks Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the worldâs largest banking and financial services groups HSBC.
#InvestShield is a part protection and part investment plan. It is an online linked plan with Premium Funding option. Here, in the event of the life insured’s death, the Insurance Company funds the remaining premiums for the remaining policy term and the fund value is also paid on maturity along with immediate benefit payout.
Canara HSBC Oriental Bank of Commerce Life Insurance iNVESTSHIELD Plan offers its customers the flexibility to design it according to their specific needs. It also offers a Safety Switch Option that enables the customers to move funds systematically to a relatively low risk liquid fund to avoid market movements in the last four policy years. The plan also provides a solution to meet wealth accumulation needs along with a protection cover, with the ease of buying online through a simple and user friendly process.
Moreover, you can avoid the trouble of going through a cumbersome process and get yourself insured directly. The whole process is simple and also available at your fingertips. Investshield also offers premium waiver benefit option which helps the parents to plan a secure future for their children. When any unplanned or emergency financial need arrives, iNVESTSHIELD plan also offers liquidity through partial withdrawals.
Some other features of this plan are:-
- Zero Premium Allocation Charge throughout the premium payment term of the Policy.
- Choice of Investment Funds ranging from 0% to 100% equity exposure, to match one’s risk appetite.
- 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.
Investshield is a special and unique plan that offers solutions for both protection and investment needs through the online platform. You can directly buy it from their website by clicking here.