Written by : Knowledge Centre Team
2026-01-29
1189 Views
11 minutes read
Share
With the auspicious festival of Raksha Bandhan just around the corner, it’s time to ensure your beloved siblings and their loved ones are protected and safe. Considering today’s sedentary and stressful lifestyles, the risk of falling prey to various ailments is constantly present. Therefore, what can be a better gift than a comprehensive Insurance Cover to keep your promise of protection and safety?
The consensus around Life insurance is that it is for men, since they are the bread earners of their family. Unfortunately, the perception remains the same even now when women work and earn for their families too. This Rakhi, ditch the traditional chocolates and cash for a truly caring gift that will ensure your dearest sister is free of financial and emotional stress. While there are several investment options to pick from, here are some of the best insurance plans that you can consider:
- Term Insurance Plan: Help your sibling invest in a life insurance policy for the financial security of their family. You can choose to opt for a Term Insurance plan, which is the simplest form of life insurance. Look into an online term plan like Canara HSBC iSelect Smart360 Term Plan that offers a minimum sum assured of Rs.25, 00,000, along with the option of getting a cover for your spouse as well. What’s more? You can also choose to increase your life cover with changing life stages.
- Unit Linked Insurance Plan (ULIP): Unit Linked Insurance Plans combine the benefits of insurance and investment. A ULIP splits into two parts - one goes towards providing you an insurance cover and the other is invested in the financial markets. As the returns are linked with the performance of the market, they generally turn out to be much higher than the earnings obtained from most other investment options. ULIP plans for women are ideal to save for ones long term goals, simultaneously ensuring you’re protected under an insurance cover.
- Tax Saving Plan: As you go about searching for the best life insurance policy for your sister/ brother, you may want to consider several important factors such as the premium amount that fits in your budget, tenure of plan, expectations for sum assured, cover type, and the mode of buying. However, tax-saving is another important factor that makes Term Insurance Plans and ULIPs great options for working individuals.
- Health Insurance Plan: Medical costs are rising every day and a health insurance cover is vital to ensure protection against sudden medical, accidental and surgical expenses incurred due to injury or illness during a specified tenure. Gift your beloved sister or brother a health insurance cover for easy access to the best treatment as well as peace of mind during tough times.
Other Tools for Financial Safety and Security:
With women matching up with men in every field, it is a great idea to ensure your sister moves towards financial freedom. After all, uncertainties are a part of life and being prepared is the best way to evade them. As a friend and financial advisor to your sister/brother, you must help them ensure that their funds don’t lie idle in a savings account, when they can be invested to earn a profitable interest. Apart from helping them invest in an insurance plan, as a responsible sibling, you can help your siblings build up a corpus in other saving plans. Money can be safely invested in fixed deposits, public provident funds, and pension funds, to name a few. Investing in real estate can also be a safe way to secure ones financial needs for the future.
This day of Raksha Bandhan strengthens the brother-sister bond like no other. Let this Rakhi be different, make it about health and wellbeing of your most lovable siblings. This year, as you pledge to look after your sister or always protect your brother, also think about family members and secure their financial future.
Have a love-filled Rakhi!
Secure Your Family’s Future with the Right Life Insurance Plan
Enter OTP
An OTP has been sent to your mobile number
Didn’t receive OTP?
Application Status
Name
Date of Birth
Plan Name
Status
Unclaimed Amount of the Policyholder as on
Name of the policy holder
Policy No.
Address of the Policyholder as per records
Unclaimed Amount
Sorry ! No records Found
Request Registered
Thank You for submitting the response, will get back with you.
Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Recent Blogs
What Is an Insurance Claim and How Does It Work in India?
29 July '26
917 Views
8 minute read
Learn what an insurance claim is, how the claim process works in life insurance, documents required, timelines involved, and steps to ensure a smooth and timely settlement.
Read More
Life Insurance
What Is Insurance Coverage? Meaning, Types & Benefits
29 July '26
1406 Views
8 minute read
Understand insurance coverage, how it works, different coverage types, and why selecting adequate protection is essential for financial security.
Read More
Life Insurance
How to File and Process a Life Insurance Claim Easily?
29 July '26
913 Views
5 minute read
Understand the life insurance claim process, required documents, timelines, and tips for a smooth claim settlement experience.
Read More
Life Insurance
What is the Meaning of Policyholder? Definition & Importance
29 July '26
1269 Views
7 minute read
Learn the meaning of a policyholder, its role, and its importance in life insurance. Understand key responsibilities and benefits. Read more!
Read More
Life Insurance
Life vs Health vs Term Insurance: Key Differences Explained
29 July '26
1242 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
What Is a Life Insurance Trust? Benefits & How It Works
29 July '26
460 Views
7 minute read
Learn what a life insurance trust is, how it works in India, and how it helps protect assets, distribute benefits, and support estate planning.
Read More
Life Insurance
What is Life Insurance Penetration in India?
28 July '26
1894 Views
9 minute read
Life insurance penetration in India is 2.7% of GDP. Learn what life insurance penetration means in India, current coverage trends, factors influencing adoption, and why penetration levels matter for financial security.
Read More
Life Insurance
5 Long-Term Investment Options That Still Offer Safety and Stable Returns
28 July '26
1086 Views
5 minute read
An overview of long-term investment options focused on capital safety and consistent returns despite market fluctuations.
Read More
Life Insurance
Types of Insurance in India: Understand Different Types of Insurance
28 July '26
1901 Views
7 minute read
Explore the different types of insurance in India including life, health, and general insurance. Learn their benefits, coverage, and how to choose the right plan.
Read More
Life Insurance
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Family Shield: Enhanced Protection
iSelect Smart360 Term Plan
- 3 Plan options
- Life cover till 99 years
- Steady income benefit
- Block your premium at inception
Start Young, Pay Less, Stay Secured
Young Term Plan
- Life cover till 99 years
- Coverage for spouse
- Block your premium rate
- Covers 40 critical illness
Fixed Returns, Zero Risks & Worries
iSelect Guaranteed Future Plus
- 4 Plan options
- Life cover + Guaranteed benefits
- Accidental death benefit
- Premium protection cover
Popular Searches
- Term Life Insurance
- Whole Life Insurance
- Critical Illness Insurance
- Accidental Death Benefit Rider
- Compare Life Insurance Quotes
- Best Life Insurance Companies In India
- Factors Affecting Life Insurance Premiums
- Life Insurance Rider
- Life Insurance Plans
- Types of Life Insurance
- Term Life Insurance Tax Benefit
- What is Insurance?
- Life Insurance Premium
- Life Insurance For Children
- Life Insurance for Seniors
- Whole Life Insurance Plans
- Group Life Insurance Plans
- Life Insurance Claim Process
- Tax Benefits of Life Insurance