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Canara HSBC Life Insurance Blog

Dive into the world of insightful blogs that simplify the complexities of insurance and empowers your financial journey.

Recent Blogs

Can Compound Interest Beat Inflation?
12 Feb '26
1897 Views
7 minute read
Compound interest grows your money, but inflation compounds too. Learn how to calculate and beat inflation with smart financial planning. Read more!
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Saving Plan
How Life Insurance Reduces Financial Stress During Illness?
12 Feb '26
61 Views
7 minute read
Learn how life insurance helps manage medical expenses, income loss, and family financial security during serious illness with practical examples.
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Life Insurance
Smart Monthly Income Plans in India: A Complete Guide
11 Feb '26
1590 Views
7 minute read
Looking for stable monthly income? Explore smart savings plans that offer steady returns, financial security, and help you achieve long-term life goals.
Read More
Saving Plan
Partial Withdrawal from ULIPs: Steps, Limits & Eligibility
11 Feb '26
3889 Views
6 minute read
ULIPs allow partial withdrawals under certain conditions. Learn the limits, steps and eligibility for partial withdrawals with Canara HSBC Life Insurance.
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Ulip
Types of Allowances in Salary: Definition, and Taxation Rules
11 Feb '26
1206 Views
6 minute read
Learn about various allowances like HRA, travel, medical, and special allowances, and understand their tax treatment and exemptions to optimise salary taxation.
Read More
Tax Saving
Penalty for Late Filing of Income Tax Returns (ITR) in 2026
11 Feb '26
1133 Views
7 minute read
Avoid penalties for late ITR filing! Learn about the financial and legal implications of missing deadlines and how to file on time.
Read More
Tax Saving
HUF Taxation Explained: Benefits, Rules & How to Save Tax
11 Feb '26
111 Views
7 minute read
Learn how HUF taxation works in India, eligibility rules, tax benefits, deductions, and how Hindu Undivided Families can save income tax legally.
Read More
Tax Saving
What is IGST? Meaning, Rates and Calculation Explained
11 Feb '26
210 Views
7 minute read
Understand IGST, its full form, when it applies, current rates, and how to calculate Integrated GST for inter-state transactions in India.
Read More
Tax Saving
What Is Non-Traditional Life Insurance & Why It Matters?
11 Feb '26
128 Views
5 minute read
Explore non-traditional life insurance plans, how they differ from traditional policies, and why they matter for modern financial planning.
Read More
Life Insurance
What is CGST? Meaning, Rates & Features Explained
11 Feb '26
161 Views
7 minute read
Learn what CGST means, its full form, key features, tax rates, and how Central GST is applied under India’s GST framework.
Read More
Tax Saving
Women's Health Insurance: Best Plans & Maternity Coverage
11 Feb '26
945 Views
5 minute read
Explore the best women's health insurance plans, including maternity coverage. Find the perfect plan for your needs. Discover more @Canara HSBC Life Insurance
Read More
Health Plan
GST on Life Insurance: Rates, Charges & Rules in India
10 Feb '26
2898 Views
10 minute read
What impact does the Goods and Services Tax have on life insurance plans and your premium payments towards them? Here’s all you need to know.
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Life Insurance
Terminologies of Life Insurance: Key Terms You Should Know
10 Feb '26
1083 Views
7 minute read
Learn common life insurance terms and definitions, including premium, nominee, sum assured, riders, and policy benefits to understand your coverage better.
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Life Insurance
Financial Instrument: Meaning, Types and Importance
10 Feb '26
2685 Views
8 minute read
Financial instruments are essential to build and boost your wealth. Know the types of financial instruments available in India. Explore more about the tax benefits of financial instruments.
Read More
Financial Planning
Compound Interest Investment: Best Investment Options in India
10 Feb '26
2742 Views
10 minute read
The best compound interest investments bring consistent growth to your wealth. Use safe and aggressive options to grow wealth with Canara HSBC Life Insurance.
Read More
Saving Plan
Income Tax Rebate in India: Rules, Limits and Eligibility
10 Feb '26
1939 Views
8 minute read
Get money back with Income Tax Rebate! Learn what an income tax rebate is, who is eligible, applicable sections, limits, and how taxpayers in India can claim the rebate.
Read More
Tax Saving
What are the Various Charges in a Life Insurance Policy?
10 Feb '26
1686 Views
7 minute read
Learn about various life insurance policy charges, including premium allocation, mortality, fund management, and administrative fees affecting policy cost.
Read More
Life Insurance
Tax Collected at Source (TCS): Payment, Exemption & Rates
10 Feb '26
1059 Views
7 minute read
Learn about Tax Collected at Source (TCS), payment exemptions, and rates. Explore key details with Canara HSBC Life Insurance for smarter tax planning insights.
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Tax Saving
Section 10 of Income Tax Act: Tax Exemption Guide Under Section 10(10D)
10 Feb '26
9195 Views
7 minute read
Learn sec 10 of Income Tax Act exemptions, including 10(10D) for life insurance payouts, and how tax-free incomes are treated under Indian tax law.
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Tax Saving
Term Insurance For Home Loan: Protect Your Home Loan Today
10 Feb '26
2169 Views
11 minute read
Protect your home loan with term life insurance, a comprehensive guide. Learn how term insurance can help to protect your investment and secure your family's future.
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Term Insurance
What Is Tax Liability? Meaning, Calculation & Examples
10 Feb '26
1987 Views
7 minute read
Tax liability is the total tax payable after deductions and exemptions. Learn its meaning, how to calculate tax liability and how it affects ITR filing in India with examples for individuals.
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Tax Saving
Tax Exemption Rules in India: Types & Eligibility Guide
10 Feb '26
1074 Views
5 minute read
Learn tax exemption rules in India, available exemptions under income tax laws, eligibility criteria, and how exemptions help reduce your taxable income.
Read More
Tax Saving
What Is Form 16? Meaning, Benefits, and How to Download
10 Feb '26
4930 Views
9 minute read
Learn what Form 16 is, its components, how to download and use it for income tax filing, and why it is important for salaried taxpayers in India.
Read More
Tax Saving
TAN vs TIN: Difference, Meaning & Uses Explained
10 Feb '26
2972 Views
7 minute read
Learn what is the difference between TAN and TIN in income tax, their meanings, uses, eligibility, and when each number is required for tax compliance.
Read More
Tax Saving
How to Correct Mistakes in a Filed Income Tax Return?
10 Feb '26
39 Views
7 minute read
Made an error in your ITR? Learn how to revise or rectify a filed income tax return step-by-step using the official portal.
Read More
Tax Saving
How to Apply for a Duplicate PAN Card Online?
10 Feb '26
523 Views
7 minute read
Lost your PAN card? Know the steps how to apply for a duplicate PAN card online, required documents, fees, and tracking process.
Read More
Personal Finance
How to Cancel GST Registration Online in 2026?
10 Feb '26
107 Views
8 minute read
Step-by-step guide to cancel GST registration online in 2026, eligibility rules, documents required, and application process.
Read More
Tax Saving
Are Gifts from Family Members Taxable Under Income Tax?
10 Feb '26
113 Views
7 minute read
Know when you get a gift from family members are tax-free or not, applicable limits, rules under income tax law, and how to report them correctly.
Read More
Tax Saving
How to Apply for a Minor PAN Card for Your Child?
10 Feb '26
62 Views
7 minute read
Learn how to apply for a PAN card for a minor in India, documents required, online steps, and how it helps with investments.
Read More
Personal Finance
GPF vs PPF: Differences, Benefits & Which is Better?
10 Feb '26
507 Views
7 minute read
Compare GPF vs PPF in terms of eligibility, interest rates, tax benefits, withdrawal rules, and which is better for retirement planning.
Read More
Retirement Plan
Is SIP Tax Free? How to Start SIP To Save Tax on Your Income?
09 Feb '26
4421 Views
10 minute read
SIPs are one of the best tax-saving investments. Learn if SIP is tax-free under Section 80C of the Income Tax Act to plan your finances.
Read More
Financial Planning
Life vs Health vs Term Insurance: Key Differences Explained
09 Feb '26
1233 Views
10 minute read
Understand the difference between life insurance, health insurance and term insurance, what each one covers, when you need them, and how to choose the right protection.
Read More
Life Insurance
Budget 2026 & Sovereign Gold Bonds: How New Tax Rules Impact Returns
09 Feb '26
115 Views
6 minute read
Budget 2026 changes Sovereign Gold Bond taxation. Understand how the new rules affect real returns, capital gains, and gold investment decisions.
Read More
Budget News
Why Budget 2026 Made No Insurance Changes | Key Signals Explained
09 Feb '26
120 Views
6 minute read
Budget 2026 left insurance tax benefits unchanged. Understand what this silence signals for policyholders and the future of India’s insurance sector.
Read More
Budget News
Budget 2026 STT Changes: Impact on F&O Traders & Investors
09 Feb '26
235 Views
8 minute read
Budget 2026 revised Securities Transaction Tax (STT) rates explained. See how higher STT impacts F&O traders, options trading, and equity investors in India.
Read More
Budget News
Budget 2026 Indirect Tax Changes: Impact on the Common Man
09 Feb '26
227 Views
7 minute read
Budget 2026 indirect tax changes explained. See how customs duty cuts, GST reforms, and lower TCS impact household costs, healthcare, gadgets, and daily expenses.
Read More
Budget News
Unified Pension Scheme (UPS): Benefits, Returns & Eligibility
09 Feb '26
19 Views
8 minute read
Explore UPS pension scheme benefits, eligibility rules, returns, and how it compares with NPS and other retirement plans in India.
Read More
Retirement Plan
What Is a Demand Deposit & How It Helps Manage Money?
09 Feb '26
78 Views
7 minute read
Understand demand deposits, types, benefits, and how savings and current accounts help you manage daily finances and liquidity.
Read More
Personal Finance
Finance Act 2025: Key Income Tax Changes Explained
09 Feb '26
15 Views
6 minute read
Get a clear breakdown of major income tax changes introduced under the Finance Act 2025 and how they impact salaried and individual taxpayers.
Read More
Tax Saving
Bucket Strategy for Retirement: Meaning & How It Works
09 Feb '26
617 Views
8 minute read
Understand the bucket strategy for retirement planning and how it helps manage risk, income stability, and long-term wealth growth.
Read More
Retirement Plan
Term Insurance for Government Employees: Benefits & Guide
09 Feb '26
736 Views
6 minute read
Learn how term insurance helps government employees in India secure their family, understand key benefits, coverage needs, and policy selection tips.
Read More
Term Insurance
New Labour Codes 2025: Key Changes, Benefits & PDF
09 Feb '26
15 Views
8 minute read
Learn about the new labour codes in 2025, major reforms, employee benefits, employer impact, and download a detailed PDF guide.
Read More
Personal Finance
Is It Good to Buy NFO? Pros, Cons & Investment Tips
09 Feb '26
128 Views
7 minute read
Find out whether investing in NFOs is a good idea, understand risks, advantages, and when they suit your financial goals.
Read More
Investment
NFO vs IPO: Meaning, Differences & Which Is Better to Invest?
09 Feb '26
634 Views
5 minute read
Confused between NFO and IPO? Learn the key differences, risks, returns, and how to choose the right option based on your investment goals.
Read More
Investment
Budget 2026 Tax Slabs: Impact on Salaried & Self-Employed
08 Feb '26
235 Views
8 minute read
Budget 2026 income tax slabs explained for salaried and self-employed taxpayers. Compare old vs new tax regimes, rebates, deductions, and who benefits most.
Read More
Budget News
Budget 2026 Live Updates: Tax Changes, Policies & Key Announcements
01 Feb '26
241 Views
8 minute read
Live updates on Budget 2026 announcement, including income tax changes, new proposals, and relief measures, policy announcements, and key measures impacting individuals and families in India. Also, read about policy changes in budget 2026 and how they may affect personal finance, savings, taxation, and long-term financial planning decisions.
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Budget News
The Financial Talk We Avoid - but Shouldn’t
01 Feb '26
29 Views
6 minute read
Why this simple conversation can change how your family plans, saves, and prepares for the future. A must-read on financial readiness.
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Personal Finance
Section 80C Limit Hike: What It Means for Taxpayers?
31 Jan '26
28 Views
5 minute read
Understand the proposed increase, eligible tax-saving investments, and how it could impact taxpayers and tax planning.
Read More
Budget News
Budget 2026 Expectations: Higher Home Loan Interest Deduction
31 Jan '26
36 Views
6 minute read
Explore Budget 2026 expectations for higher home loan interest deductions, potential tax benefits for homeowners, and how it could ease your financial planning.
Read More
Budget News
Income Tax 2026: How the New Tax Regime Will Impact Taxpayers?
30 Jan '26
131 Views
8 minute read
Income tax in 2026 explained. Understand the new tax regime, structural changes, slab updates, and how these reforms will impact taxpayers and tax planning decisions.
Read More
Budget News
Budget 2026 Expectations: Relief on Long-Term Capital Gains
30 Jan '26
95 Views
8 minute read
Understand possible relief on long-term capital gains (LTCG), tax changes investors are hoping for, and what it could mean for your returns.
Read More
Budget News
Will Budget 2026 Allow Joint Taxation for Married Couples?
29 Jan '26
10 Views
8 minute read
Find out what Budget 2026 may introduce on joint taxation for married couples, expected benefits, policy outlook, and how it may impact taxpayers in India.
Read More
Budget News
What is Income Tax Return (ITR)? Meaning & Filing Process of Filing ITR
21 Jan '26
4898 Views
10 minute read
Learn what an Income Tax Return (ITR) is, why filing your income tax return is important, and how to file your ITR online via the Income Tax Department. Documents, forms, steps, and FY 2026-27 details included.
Read More
Tax Saving
Public Provident Fund (PPF): Account, Features & Tax Benefits
20 Jan '26
1902 Views
10 minute read
Maximize your savings with PPF tax exemption. Discover how investing in a Public Provident Fund secures your future and reduces taxable income.
Read More
Saving Plan
What Is Advance Tax? How to Calculate Advance Tax and Pay It Online
20 Jan '26
2513 Views
9 minute read
Understand advance tax under income tax, who should pay it, how advance tax is calculated, due dates, and online payment steps to avoid penalties.
Read More
Tax Saving
Life Insurance Policy Lapse: Impact, Risks and What You Can Do?
16 Jan '26
3003 Views
10 minute read
Know what a life insurance policy lapse means, why it happens, how it affects coverage and benefits, and the options available to restore protection.
Read More
Life Insurance
Gross Total Income: How It is Different From Total Income?
15 Jan '26
1710 Views
10 minute read
Confused about gross income vs total income? Learn the difference and explore tax-saving schemes in India, including insights from Canara HSBC Life Insurance.
Read More
Tax Saving
What Is Premium in Life Insurance? Meaning & How It Works
15 Jan '26
1481 Views
8 minute read
Insurance premium is an amount paid by an individual to the insurance provider for availing of the insurance policy. Know the meaning & how to calculate the life insurance premium.
Read More
Life Insurance
What Is Tax? Understanding the Tax Concept in India (2026 Guide)
15 Jan '26
6382 Views
11 minute read
Discover the tax concept in India, its importance, types, and how it affects your income. Updated for FY 2025–26 with practical examples.
Read More
Tax Saving
Importance of Taxes in India: Why Taxes Matter?
15 Jan '26
1609 Views
7 minute read
Understand the importance of taxes in India, how they support public services, economic growth, welfare schemes, and national development.
Read More
Tax Saving
Is a PF Account Enough for Retirement Planning in India?
15 Jan '26
3187 Views
10 minute read
Already have a PF account? Learn why a retirement plan is still essential for complete financial security and stress-free life after retirement.
Read More
Retirement Plan
Can You Claim Tax Deduction if Life Insurance Premium Is Paid by Family?
15 Jan '26
1235 Views
6 minute read
Find out if you can still claim life insurance premium tax deductions when your premium is paid by a family member. Know the eligibility and rules under Section 80C.
Read More
Tax Saving
What Is SGST? Meaning, Rates & Applicability Explained
15 Jan '26
627 Views
5 minute read
Learn what SGST means, its full form, tax rates, applicability, and how it works under the GST system for intra-state transactions.
Read More
Tax Saving
What is DigiLocker and How to Use It?
14 Jan '26
2366 Views
10 minute read
Discover what DigiLocker is and how to use it for secure document storage. Learn more about this digital solution and its benefits with Canara HSBC Life Insurance.
Read More
Personal Finance
What is the GST Council? Role, Members & How It Works
14 Jan '26
538 Views
5 minute read
Understand what the GST Council is, its structure, powers, and how it decides GST rates, laws, and policies across India.
Read More
Tax Saving
Subrogation in Insurance: What it Is and Why It's Important?
13 Jan '26
1259 Views
8 minute read
Learn about subrogation in life insurance and how it affects your claims. Discover more insights with us for smarter coverage and financial security.
Read More
Life Insurance
Why is Your ITR Refund Delayed and What Can You Do?
13 Jan '26
535 Views
5 minute read
ITR refund delayed? Know the common reasons, timelines, and step-by-step actions to track, raise grievances, and speed up your income tax refund.
Read More
Tax Saving
Why Should You Check Your CIBIL Score Regularly?
12 Jan '26
540 Views
5 minute read
Learn why checking your CIBIL score regularly helps improve loan approval chances, interest rates, and financial health. Simple guide for Indian consumers.
Read More
Personal Finance
80CCC: What is Deduction Under Section 80CCC?
11 Jan '26
1180 Views
6 minute read
What is Section 80CCC? How can you claim deductions under section 80CCC? Learn the eligibility criteria to claim a deduction under section 80CCC with a life insurance policy.
Read More
Tax Planning
Best Investment Options with High Returns in 2026
10 Jan '26
9682 Views
16 minute read
Best Investment Options in India. Looking for investments to meet your long-term financial goals? Here are the best investment plans for the year 2026 in India.
Read More
Life Insurance
How to Save Tax on Salary Above ₹15 Lakhs? | Tax Saving Guide 2026
10 Jan '26
4812 Views
14 minute read
Learn how to save tax on salary above ₹15 lakhs using effective tax saving options, deductions, exemptions, and smart income tax planning strategies
Read More
Tax Saving
Deferred Tax Liability: Meaning, Calculation & Example
10 Jan '26
1097 Views
5 minute read
Learn about deferred tax liability through examples. Discover how to calculate and manage it for effective financial planning.
Read More
Tax Saving
What Are the Provisions of Advance Tax in India?
10 Jan '26
1189 Views
8 minute read
Learn the provisions of advance tax in India, who must pay, due dates, calculation method, penalties, and how to stay compliant with tax rules.
Read More
Tax Saving
Have Multiple Life Insurance Policies? Things You Should Know
09 Jan '26
1291 Views
7 minute read
Is it legal to own multiple life insurance policies? Would it cause any problem in claim settlement? Discover your answers here.
Read More
Life Insurance
Importance of Taxes in India: Types and Purposes
09 Jan '26
1905 Views
6 minute read
Explore the significance of taxes in India and understand why they matter. Learn about the Indian taxation system and its importance for citizens. Discover more with Canara HSBC Life Insurance.
Read More
Tax Saving
Difference Between Defined Benefit Plan & Defined Contribution Plan
09 Jan '26
1739 Views
12 minute read
Your retirement will be funded by defined contribution and defined benefit plans. But how should you decide defined benefit vs defined contribution results?
Read More
Retirement Plan
Free Look Period in Life Insurance: How it Works in Insurance?
09 Jan '26
4162 Views
8 minute read
Learn how the Free Look Period in life insurance lets you review policy terms, coverage, and premiums. Cancel within 15–30 days if needed. Choose wisely today!
Read More
Term Insurance
Understanding Tax Implications of Surrendering an Insurance Policy
09 Jan '26
1151 Views
5 minute read
Learn how the Tax Implications of Surrendering an Insurance Policy vary based on policy type, duration, and premium-to-sum assured ratio.
Read More
Tax Saving
EEE, EET & ETE Explained: Tax-Saving Investment Guide
08 Jan '26
2585 Views
7 minute read
Understand EEE, EET, and ETE tax regimes in India, how they affect tax-saving investments, returns, and withdrawals, and which options suit your goals.
Read More
Tax Saving
Income Tax E Verification: How to E-Verify ITR After Filing?
08 Jan '26
1369 Views
11 minute read
Income tax e verification made simple. Learn how to e-verify your ITR using Aadhaar OTP, net banking, bank account or Demat to complete filing successfully.
Read More
Tax Saving
What is Corporate Tax in India? Rates, Slabs & Tax Planning
08 Jan '26
1276 Views
10 minute read
Understand corporate tax in India with detailed meaning, tax slabs, rates, and planning tips. Learn how businesses can optimise their corporate tax liability.
Read More
Tax Saving
Top 5 Steps to Respond to an Income Tax Notice Online
08 Jan '26
2240 Views
11 minute read
Learn five simple steps to respond to an income tax notice online, understand the reason for notice, submit replies correctly and avoid penalties.
Read More
Tax Saving
9 Things to Do If You Can’t Pay Life Insurance Premiums
08 Jan '26
2448 Views
14 minute read
If you can’t pay life insurance premiums, learn nine practical steps to keep your policy active, avoid lapse, use grace periods, and explore options like revival or premium changes.
Read More
Life Insurance
Top 5 Tax-Saving Schemes in India: ELSS, PPF & More
07 Jan '26
4894 Views
8 minute read
Discover 5 top tax-saving schemes in India! Learn how ELSS, PPF & more can help you save smartly. Explore Canara HSBC Life Insurance for added benefits.
Read More
Tax Saving
What is Superannuation? Types and Tax Benefits
07 Jan '26
707 Views
9 minute read
A superannuation benefit is a type of benefit that is paid to the employees by their employers as a pension benefit. Learn what superannuation is and how it works.
Read More
Retirement Plan
What Is Capital Gains Tax? Meaning, Types & Tax Rates Explained
07 Jan '26
4571 Views
16 minute read
Capital gain is the profit from selling assets, classified as short-term or long-term. Different tax rates apply based on the holding period of the assets.
Read More
Tax Saving
What is Dual GST Model in India? Overview & Benefits
07 Jan '26
1200 Views
5 minute read
Understand Dual GST in India, its structure, benefits, and impact on taxpayers. Learn more with Canara HSBC Life Insurance for effective tax planning.
Read More
Tax Planning
Section 80G of Income Tax Act: Eligibility & Limit of Tax Deduction for Donations
07 Jan '26
1928 Views
10 minute read
Learn what Section 80G of the Income Tax Act says and how you can claim tax deductions for donations to eligible charities and relief funds under Indian law.
Read More
Tax Saving
6 Mistakes to Avoid in Tax-Saving Investments in 2026
07 Jan '26
3554 Views
15 minute read
Learn the most common mistakes investors make while choosing tax-saving plans and how to avoid poor returns, wrong products and missed tax benefits.
Read More
Tax Saving
Tax Exemption vs Rebate - Income Tax Exemption Limits
06 Jan '26
12080 Views
6 minute read
Understand tax exemption vs rebate in India, including income tax exemption limits and how exemptions reduce taxable income under current tax rules.
Read More
Tax Saving
What is Survival Benefit in Life Insurance?
06 Jan '26
3233 Views
7 minute read
Learn about survival benefits in life insurance, how they work, and their key features. Understand eligibility and payouts with Canara HSBC Life Insurance.
Read More
Life Insurance
Tax for NRI in India: Income Tax Rules, Rates & Exemptions FY 2026
06 Jan '26
1466 Views
11 minute read
Understand tax for NRI in India, income tax rules, applicable tax rates, exemptions, and how NRI income is taxed under Indian income tax laws.
Read More
Tax Saving
Types of Life Insurance: Which One is Best for You?
05 Jan '26
3117 Views
9 minute read
Learn about different types of life insurance policies with Canara HSBC Life Insurance. Discover the best plans in India in 2026 and know how to buy them online.
Read More
Life Insurance
What is Family Pension? Everything You Need to Know
05 Jan '26
1828 Views
10 minute read
Family Pension is a government scheme for central government employees. Learn its meaning, eligibility criteria, and how it works with Canara HSBC Life Insurance.
Read More
Retirement Plan
Tax Deduction Guide: How to Avail Deductions Under Section 80C?
05 Jan '26
1166 Views
7 minute read
Learn how to claim tax deductions under Section 80C to save on taxable income with eligible investments and expenses, up to ₹1.5 Lakh.
Read More
Tax Saving
Principle of Indemnity: Meaning, Concept, Example
05 Jan '26
4537 Views
11 minute read
Understand the Principle of Indemnity in insurance. Its meaning, concept, and real-life examples. Learn how it protects policyholders from financial loss.
Read More
Life Insurance
Is NPS Tax Benefit Available in New Tax Regime? | NPS Deduction Rules
05 Jan '26
4226 Views
7 minute read
Is NPS tax benefit allowed in the new tax regime? Understand eligibility, Section 80CCD(2) deductions, and how NPS works for taxpayers.
Read More
Retirement Plan
What is Pension? Meaning, Types & Benefits Explained
04 Jan '26
3680 Views
12 minute read
A pension is a retirement fund contributed by the employer, employee, or both, with the employer covering the largest share. Learn more with Canara HSBC Life Insurance!
Read More
Retirement Plan
What Happens if the Nominee Dies in a Term Insurance Plan?
04 Jan '26
1558 Views
7 minute read
If your nominee passes away while you're still insured, their nomination becomes void. Update your nominee to keep your term insurance secure. Find out how!
Read More
Term Insurance
Income Tax on 50 Lakh Salary: New Regime 2025–26
04 Jan '26
522 Views
5 minute read
Income tax on 50 lakh salary explained with slabs under the new regime 2025–26, how to save tax on 50 lakh salary, and tax saving in the old regime.
Read More
Tax Saving

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5 Smart Tips to Plan Your Child’s Education Abroad in 2026

5 Smart Tips to Plan Your Child’s Education Abroad in 2026
07 Aug '25
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10 minute read
Planning your child’s education abroad? Follow this 5-step checklist to ensure financial readiness and secure their academic future efficiently.
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Frequently Asked Questions

Buying a life insurance plan with adequate coverage can be a financial cushion for your family. It ensures that the family's lifestyle and goals are not compromised due to unfortunate events such as death or disability. 

 

Some life insurance plans, like Unit Linked Insurance Plans (ULIPs), offer wealth creation opportunities to policyholders, along with life coverage. These plans let you invest your premiums in different securities, like equity, debt, and more, to enjoy the benefits of inflation-beating returns. 

Life insurance policies offer valuable tax benefits, enabling you to enhance your returns and accumulate savings. The premiums paid for the policy qualify for deduction under Section 80C of the Income Tax Act, 1961, up to ₹ 1.5 lakhs annually, subject to certain conditions. Furthermore, the funds withdrawn from the policy after the lock-in period and the maturity value received from life insurance plans are also tax-free. 

  

Your source of income will no longer exist with you after retirement. It is crucial to have enough money saved up so that, when you retire, you won't need to worry about anything. Together with a steady income stream, retirement plans offer life insurance.