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Guaranteed Fortune Plan

Published on December 14, 2022
Current Context: Canara HSBC Life Insurance launched a “Guaranteed Fortune Plan”.
Guaranteed Fortune Plan
  • It is a non-linked, non-participating individual savings life insurance plan that will offer:
  1. A Life Cover
  2. A Lump Sum Amount After the Policy Term
  • The customers can opt for the following two options under the Guaranteed Fortune Plan:
  1. Guaranteed Savings Option (lump sum on outliving the policy term)
  2. 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.


Q.1 Which of the following recently launched the Guaranteed Fortune Plan?
a. ICICI Lombard
b. Canara HSBC
c. Bajaj Allianz
d. Bharti AXA

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