- It is a non-linked, non-participating individual savings life insurance plan that will offer:
- A Life Cover
- A Lump Sum Amount After the Policy Term
- The customers can opt for the following two options under the Guaranteed Fortune Plan:
- Guaranteed Savings Option (lump sum on outliving the policy term)
- Guaranteed Cashback Option (cashback every 5th year)
- The plan provides a unique feature, Claims Accelerated for Relief and Ease (CARE) Pay Benefit, that’ll pay 100% of the total premium immediately on intimation of death.
- It will also provide guaranteed annual additions to enhance maturity benefit payouts and policy term options.
- Canara HSBC Life Insurance is a joint venture between Canara Bank (51%), HSBC Insurance Holdings Limited (26%), and Punjab National Bank (23%) and was established in 2008 with its headquarters in Gurugram.
Question:
Q.1 Which of the following recently launched the Guaranteed Fortune Plan?a. ICICI Lombard
b. Canara HSBC
c. Bajaj Allianz
d. Bharti AXA
