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promise2protect

Promise2Protect

Promise2Protect your family's dreams against life's surprises.

  • Two Plan Options
  • Increasing Cover’ Option
  • Add Spouse in Your Policy 
  • Flexible Payout Options

Promise2Protect your family's dreams against life's surprises.

  • Two Plan Options
  • Increasing Cover’ Option
  • Add Spouse in Your Policy 
  • Flexible Payout Options

Meet our Advisor

Meet our Advisor

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Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy Holder Name

Policy No.

Policy Number

Address of the Policyholder as per records

Address

Unclaimed Amount

Unclaimed Amount

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About Promise2Protect

Life can be unpredictable, but your loved ones’ future doesn’t have to be. That’s where life insurance steps in — offering you the confidence that your family will stay financially secure, even in your absence.


Canara HSBC Life Insurance Promise2Protect is a term insurance plan thoughtfully designed to support you through life’s uncertainties. It offers life cover for a defined period and pays a lump sum amount in case of an unfortunate event during the policy term

Steps To Buy the Plan

Promise2Protect your family's dreams against life's surprises. 

Assure your family's tomorrow with a zero cost life insurance^

1
Step1 Step 1

Choose the sum assured based on factors such as your income, number of dependents, debts, and family’s future needs and goals. Generally, the amount is 10-12 times your income.
Step1
2
Step2 Step 2

Select the plan option and coverage option. You can also choose the suitable premium payment term and mode.
Step2
3
Step3 Step 3

You can pay the policy premium and get the Promise2Protect Plan.
Step3

Canara HSBC Life Insurance

We have over 15 years of experience in delivering exceptional value to our customers through our range of individual and group insurance solutions, designed to meet their various needs, including term insurance, savings and investment, retirement, protection, and more.
 

15,700 Partner Branches

15,700 Partner Branches

Canara Bank, HSBC India, Other Alternate Channels

₹400,127.4 Mn Assets Managed

₹400,127.4 Mn Assets Managed

Assets Managed as of 31 December 2024

99.31% Claims Settled

99.31% Claims Settled

Claims Settled in FY 2023-2024

215.00% Solvency Ratio

215.00% Solvency Ratio

Way Above the IRDAI Mandate

Frequently Asked Questions

There is mainly only one eligibility criteria: You must be at least 18 years old to buy the Promise2Protect Plan.

Yes. You can get term insurance tax benefits up to ₹46,800 with the Canara HSBC Life Insurance Promise2Protect Plan. However, tax benefits will be available per the prevailing Income Tax laws and are subject to amendments from time to time. For tax-related queries, contact your independent tax advisor.

Buying term insurance is important for young adults for several reasons. Firstly, it offers lower premiums as they are young and healthy. Secondly, it provides financial protection to dependents ‘in case of an unfortunate event’. Buying a term plan as a young adult can provide financial security and protect loved ones.

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Disclaimer

  1. Benefits are guaranteed provided the policy is in force and all premiums are paid as and when due.
  2. Tax benefit of ₹46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an individual assessee on a life insurance premium of ₹1.5 lakhs under the Income Tax Act, 1961, and tax benefit may vary from assessee to assessee. Tax benefits/savings are subject to provisions under sections 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Goods & Services Tax will be charged on the premium amount. Please consult your independent tax advisor for details.
  3. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.
  4. The premium shall be adjusted on the due date even if it has been received in advance.
  5. Overall Claim Settled and reported in public disclosures for FY 2023-24.
  6. For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.

  • BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

  • Canara HSBC Life Insurance Co Ltd   |   IRDAI Registration no: 136   |   LPDMP2PCHLJUN25 ENG   |   UIN: 136N091V01
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