Canara HSBC Life Insurance Launches 'SecureInvest' for Financial Growth and Legacy Building

Canara HSBC Life Insurance Company Limited introduces 'SecureInvest,' a unit-linked savings plan, offering substantial life cover and market-linked growth. The plan adapts to policyholders' financial goals with features like Loyalty Additions, Maturity Boosters, two plan options, and multiple fund choices. An initial public offering is also in process.

Canara HSBC Life Insurance Company Limited has announced the launch of 'SecureInvest,' a new unit-linked savings plan aimed at aligning with customers' evolving financial needs. This product offers a substantial life cover and potential for market-linked growth, catering to various life stages of policyholders.

The plan stands out with its flexibility, offering two different options: 'SecureInvest Choice,' which provides life cover and accumulated fund value at maturity, and 'SecureInvest Forever,' which offers extended protection up to age 85 to help build a legacy for loved ones.

Furthermore, Canara HSBC Life Insurance is considering an initial public offering, having filed a draft red herring prospectus with SEBI. The IPO is subject to market conditions and regulatory approvals, providing potential growth opportunities for investors.

(With inputs from agencies.)