Canara HSBC Life Insurance Launches ‘Alpha Wealth’ Plan with Option to Modify Premiums

Current Context: Canara HSBC Life Insurance has launched a new plan called ‘Alpha Wealth’. This plan offers comprehensive features to ensure financial security for the insured and their family.

• It encourages long-term savings with loyalty additions and wealth boosters.
• The ‘Alpha Wealth’ plan is flexible and provides three plan options based on life stages: ‘Alpha Invest Plus,’ ‘Alpha Premium Plus,’ or ‘Alpha Life Plus’.
• It offers an array of options by investing in a wide variety of funds - debt/equity/liquid available in the market.
• At maturity, investors are also entitled to a return of 100% of the mortality charges deducted during the policy term.

Question:

Q.1 What is the name of the new plan launched by Canara HSBC Life Insurance?
a. Alpha Invest Plus
b. Alpha Wealth
c. Alpha Premium Plus
d. Alpha Life Plus