- It is an individual, non-participating, non-linked, savings and protection life insurance plan which especially targets new-age customers.
- The iSelect Guaranteed Future Plan will cater to both, short-term and long-term financial requirements.
- The iSelect consists of two plans:
- iAchieve and Flexi iAchieve Plan: In this plan, the customer will be required to pay a premium for a fixed amount of time (5, 7, or 10 years) and will get a guaranteed sum at maturity. The maximum age limit to avail of this plan is 65 years.
- iAssure and Flexi iAssure Plan: In this plan, the customer will have to pay a premium for a limited period (5, 7, or 10 years) and will get a guaranteed lump sum on maturity including the guaranteed sum after the premium paying term. The maximum age limit to avail of this plan is 65 years.
- Easy iAchieve Plan: This plan comes with a single premium payment term (10, 12, 14, 15, or 20 years), and the customers will get a guaranteed lump sum on maturity. The maximum age limit to avail of this plan is 45 years.
- Canara HSBC Life Insurance is a joint venture between Canara Bank, HSBC Insurance Holdings Limited (HSBC IHL), and Punjab National Bank (PNB), which was established in 2008 with its headquarters in Gurugram, Haryana. The current CEO of the company is Anuj Mathur.
Question:
Q.1 iSelect Guaranteed Future Plan was launched by?a. ICICI Prudential
b. Canara HSBC
c. LIC
d. Bajaj AXA
