To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)

|

customerservice@canarahsbclife.in

|

Locate Branch

Login
Search Button

Saving Plans

Saving plans are essential to provide financial protection to your loved ones to overcome any crisis. Buying the best savings plan is crucial to safeguard your long-term financial stability. Canara HSBC Life Insurance helps you achieve your life goals and provide financial protection to your loved ones even in your absence.

×

Get a Call Back

Do you want us to call back Please fill the form below

Get a Call Back

Annual Income (In Lacs)

Our Recommended Savings Plan

iSelect Guaranteed Future

Savings Plan

  • 5 plan options to choose from to protect your loved ones
  • Pay premiums for 5,7, or 10 years as per your financial goals
  • Payor Premium Protection Cover to secure your family’s future
  • Tax benefits may be available as per prevailing Tax Laws
Guaranteed Savings Plan

Guaranteed Savings Plan

  • Guaranteed benefits payable on maturity
  • Better value for higher premium commitment
  • Multiple premium payment terms
  • Provides life cover for the entire term
Guaranteed One Pay Advantage

Guaranteed One Pay Advantage

  • Meet financial objectives by paying only once
  • Guaranteed returns on maturity to meet financial goals
  • Flexibility to choose Single Life or Joint Life coverage
  • Financial Protection for entire Policy Term




Flexi Edge

Flexi Edge

  • Lumpsum benefit at policy maturity for your financial goals
  • Option to receive income till 100 years age or a select term
  • Option to withdraw from accumulated survival benefit anytime
  • Upside of bonuses to boost your policy benefits
  • Premium protection option to safeguard the goal in case of early demise




GUARANTEED INCOME4LIFE PLAN

GUARANTEED INCOME4LIFE PLAN

  • Option to receive guaranteed income till the age of 99
  • Guaranteed loyalty additions of more than 10 times the annual premium
  • Option of single or regular premium payments
  • Enhanced income pay out for higher premiums
  • Premium protection option to safeguard the goal in case of your early demise




Invest 4G Plan

Invest 4G Plan

  • Return of mortality charges on maturity
  • 8 investment funds and 4 portfolio management strategies
  • Loyalty additions and wealth boosters
  • Systematic withdrawal option to create additional income stream
Titanium Plus plan

Titanium Plus plan

  • Multiple portfolio management options
  • Loyalty additions and wealth boosters
  • Multiple premium payment terms
  • Flexibility of switching and redirection between fund options
Smart Lifelong Plan

Smart Lifelong Plan

  • Provides life coverage till 99 years
  • Generate long term capital appreciation
  • Increase/decrease sum assured as per needs
  • Partial withdrawal allowed from 6th policy year onwards
Smart Future Income Plan

Smart Future Income Plan

  • Life cover for 25 years
  • Guaranteed monthly income for 15 years
  • Loan flexibility to meet unexpected needs
  • Tax benefits under section 80C
Insure Smart Plan

Insure Smart Plan

  • Capital appreciation through equity investments
  • Discount on premium allocation charge
  • Increase/decrease sum assured as per needs
  • Partial withdrawals for unforeseen contingencies
Future Smart Plan

Future Smart Plan

  • Modification in allocation of future premiums
  • Increase/decrease Sum Assured from the 6th policy year
  • Switch some or all investments from one fund to another
  • Generate capital appreciation through equity investments
Grow Smart Plan

Grow Smart Plan

  • Choose life cover based on your protection needs
  • Switch between funds through redirection of premiums
  • Flexibility to choose a premium paying term
  • Increase/decrease Sum Assured depending on needs
Guaranteed Income Plan

Guaranteed Income Plan

  • Guaranteed benefits payable on maturity
  • Provides life cover for entire term
  • Flexibility to choose a premium payment term
  • Better value for higher premium commitment
Easy Bachat Plan

Easy Bachat Plan

  • Hassle-free purchase process with minimum requirements
  • Guaranteed yearly additions accrual
  • Guaranteed benefits payable on maturity
  • Tax benefits under section 80C
Smart Future Plan

SMART FUTURE PLAN

  • Long-term investment opportunity
  • Safety switch option to move funds systematically
  • Maintain allocation of investments through auto funds rebalancing
  • Modify allocation of future premiums once in a policy year
Jeevan Nivesh Plan

Jeevan Nivesh Plan

  • Guaranteed payout of sum assured at maturity
  • Life Insurance cover throughout the Policy Term
  • Convert Guaranteed Sum Assured on Maturity as annual payouts
  • Additional lump-sum benefit through payout of accrued Annual & Final bonus
Money Back Advantage Plan

Money Back Advantage Plan

  • 3 Guaranteed Money Back payouts of 15% of Sum Assured
  • Short payment term of 10 years
  • Guaranteed lump sum payout equal to 55% of Sum Assured at maturity
  • Enjoy rebate on premiums for high Sum Assured
Guaranteed Income Advantage Plan

Guaranteed Income Advantage Plan

  • Guaranteed Annual Income payable on survival
  • Guaranteed Maturity Benefit provided all due premiums have been paid
  • Life cover for entire term while you pay premium only for a limited period
  • Tax Benefits as per the Income Tax Act, 1961
Guaranteed Suraksha Kavach

Guaranteed Suraksha Kavach

  • Safety cushion for your child’s future
  • Guaranteed benefits throughout the policy term
  • Multiple layers of coverage in case of death
  • Income protection in case of death

What are Saving Plans?



What are Saving Plans?

Savings plans are life insurance plans that allow you to have disciplined savings while providing considerable returns and build wealth to help you achieve your financial goals. A death benefit is paid to the beneficiary of the policy if the insured passes away during the policy tenure.

Saving plans are long-term, safe investment options for people who are looking for protection as well as savings avenue. It allows you to invest a part of your monthly income at a certain rate of return.

Saving plans are also known as income plans as they offer a minimum guaranteed maturity value or money-back options in form of monthly payouts. This plan is one of the best investment options if you want to accumulate wealth that remains unaffected by taxes, inflation, and market forces.

Type of Saving Plans in India

In India, life insurance companies generally offer three types of saving plans - endowment plans, money back plans, and ULIPs. However, each of these saving policies work differently and hence, you can choose one as per your financial goals and risk appetite.

Endowment Plans

These savings plans are a mix of life insurance and savings, which help policyholders, save regularly over a period. These plans pay a lump-sum amount at maturity if the policyholder survives the policy term. In case the policyholder passes away during the policy term, the beneficiaries receive the entire sum assured as chosen by the policyholder. Endowment plans are of two types—with profit and without profit.

In a with-profits endowment policy, the insurance company will pay you a part of its profit it earns from investing your funds. The profits are paid as bonuses during the policy term. In the case of without profit endowment policies, the chances of receiving higher returns are minimal, but the premiums are also lower when compared to with-profit plans.

Money Back Plans

Money back plans are also a mix of life insurance and savings. These plans pay the sum assured at periodic intervals. The periodic payout is helpful for people who save regularly but need funds at intervals of 4-5 years to meet different milestones. Money-back plans essentially provide flexibility to the policyholder to utilize their savings.

This is also known as income plan as it pays the remaining sum assured if the insured survives the policy term. On the other hand, the entire sum assured is paid irrespective of the payouts already made, in case the insured dies during the policy term. Money-back plans offer savings security, liquidity and life cover under a single plan, which makes them one of the best savings plans.

Unit Linked Insurance Plans

A plethora of fund options coupled with a wide variety of portfolio management strategies help insurance companies to design ULIPs to suit different financial goals. ULIPs can be classified into three broad categories—single/regular premium plans, guarantee/non-guarantee plans, life stage-based/non-life stage-based saving plans. You can either choose to pay a lump-sum amount as premium for ULIP or opt to invest small amounts at regular intervals for the monthly savings plan. One-time premium payment plans are called single premium plans, while multiple premium payment policies are called regular premium plans.

It is ideal for people who want a savings plan with the potential of capital appreciation but manageable risks. Life stage based ULIPs modify the investment portfolio according to the life stage of the insured to manage the risk efficiently.

Features of Saving Plans

Saving insurance plans ensure financial security by offering assured returns. However, to choose the best saving plans suited to your needs, you must understand the features of a savings plan.

  • Life Cover

    Saving plans provide a life cover to the policyholder, which is applicable for the entire duration of the policy.

  • Supplementary Income

    Some saving plans offer maturity benefits in form of regular payouts. Hence, these are also known as monthly income plans.

  • In-Built Cover Options

    While applying for a savings policy, you can choose optional in-built covers (also known as riders), to enhance your life insurance cum savings plan.

  • Guaranteed Returns

    Some life insurance cum saving plans offer guaranteed returns. All the guaranteed benefits are added to the maturity value. Thus, the returns from guaranteed savings plans are predictable and safe.

  • Withdrawals Options and Boosters

    Some saving plans offer multiple withdrawal options that you can use to meet contingency needs while boosters help in building additional wealth.

  • Tax Benefits

    Save tax up to Rs. 46,800 on the premiums that you pay and the returns that you receive from the savings plan under Section 80C and Section 10(10D).

Benefits of Buying a Savings Plan

Life insurance cum saving plans in India offer you a wide range of benefits. As a policyholder, you have the benefit of insuring your life while building a legacy for your future generations.

  • Protection with Life Cover

    In case of your demise, savings plan adds to the financial safety of your family. The beneficiaries of your plan will receive all the associated benefits to ease out the financial burden.

  • Regular Savings for Life Goals

    Saving plans allow you to save a small amount every month to reach your financial goal. You can save systematically for future goals like buying a new house, sending-off your kid for higher education, etc.

  • Assured Minimum Return

    Saving Policy also assure a minimum maturity value unlike other market-linked investment options. Generally, these saving plans are ideal for individuals who have a low-risk appetite.

  • Wealth Accumulation

    If you buy a participating savings plan, you will receive a bonus every few years. The bonus is paid by the Life Insurance Company in case of any surplus, which eventually add to your returns. However, the bonus under participating saving plans is not fully-guaranteed as it depends on the performance of the company.

  • Annual Tax Savings

    Investment made into saving schemes and plans is deductible under Section 80C of the Income Tax Act. The maximum deduction available under the section is Rs. 1.5 lakhs in a financial year. Also, the maturity amount and money back received from the saving plan are exempt from tax.

Why Choose our Guaranteed Income4Life Plan?

This savings plan is highly customizable and offers various flexibilities in terms of premium payment options that will help you align the plan to your life stages and needs. Whether it is lifelong protection for you and your spouse or fulfilling your child’s educational needs, preparing you for early retirement or giving you that extra income to make sure every promise is fulfilled; this savings plan has it all covered. This life insurance cum savings plan offers guaranteed benefits as well as regular income to take care of both your long-term and short-term financial goals. Guaranteed Income4Life plan is a guaranteed income plan that will secure your financial tomorrow.

Know More

Why Choose our Guaranteed Savings Plan?

Guaranteed Savings Plan offers fully guaranteed benefits along with the flexibility to choose your savings horizon. This savings plan provides life cover for the entire term while you pay premium only for a limited period. The best savings plan offers you the flexibility to choose a payment term that is suitable for you. With our Guaranteed Savings Plan, you can choose the premium payment frequency as per your payment capacity. Ensure that important goals such as educating your child, or planning for their marriage, or providing financial security to a loved one are always achieved. With this savings plan you can save regularly to reach your objective. You will get assured returns that are not dependent upon the vagaries of the capital markets, or the bonuses declared by the insurance company. If you are looking to buy the best monthly income plan in India, you may consider investing in Guaranteed Savings Plan.

Know More

Who should Buy a Savings Plan?

Saving plans offer a life insurance cover along with a saving option that can help anyone to survive their rainy days. Planning your finances efficiently helps you to achieve your future milestones along with providing you a support to rely on during contingencies. There are a lot of saving and investment plans in India that you can choose from, however, you should choose the best savings plan as per your financial goals.

Reasons to Buy a Savings Plan

A saving cum insurance plan is an ideal option if:

  • You are newly married and want to start saving for your future goals, e.g., child’s education.
  • You want to have a savings plan that offers you monthly income during your retirement days.
  • You want to build a legacy that your future generations can use.
  • You are new to a job and want to cultivate the habit of savings.

Precisely, a savings plan can help every individual in some way or the other. Hence, the sooner you start investing in a savings and investment plan, the better it is.

Why Should you Buy a Savings Plan?

The right time to buy a savings policy is when you start earning. When you start early, you get a longer period of investment for your savings plan. Staying invested in a savings plan for a long-term leads you to build a better financial corpus.

1

Power of Compounding

Be a smart investor, and buy a saving plan to start your investment at an early age to enjoy the power of compounding. In simple terms, compounding denotes to investing your money to help it grow over time. The longer you stay invested in the plan, the better become the chances of a strong financial corpus.

2

Beats Inflation

Saving Plans help you beat inflation. For example, with ULIPs, the policyholder can invest the money in a portfolio of stocks that reduces the risk involved. Also, market-linked returns help you to build a large corpus that will ultimately even out your funds against the market fluctuations.

3

To Inculcate the Habit of Saving

A savings plan is a great way to help you build a disciplined habit of saving. Gradually, it will lead you to save systematically for a long time. Savings not only help you to meet unexpected expenses, but you can also plan for a stress-free and comfortable retirement. Start early with the best savings plan to enjoy the benefits.



How to Choose the Best Savings Plan in India?

One size does not fit all when it comes to life insurance products, especially savings plans. While you may be looking for the best savings plan to meet your retirement goals, someone else may be saving for their child's higher education. Depending on the financial goals, the sum assured, premiums, and term may vary. To buy the best saving policy, you can consider the following 6(six) factors as a standard set of criteria.

Financial Goals

To buy the best savings plan, you first need to know what your short-term and long-term goals are. On that basis, you can figure out how much you need to invest in a saving plan. Assess your financial goals and estimate the overall size of the fund that you need to create for fulfilling the goals.

Policy Tenure

Evaluate the policy tenure as per your financial goals. For example, if you need to fulfill a short-term goal, your policy tenure may range from 5-10 years, however, for long-term goals, you need to have longer policy tenure. Choose your policy tenure post assessing your goals to have a clear estimation of your future expenses.

In-Built Covers

As life insurance cum saving plans offer an array of in-built optional covers – choose the covers that will help you in achieving your milestones. Whether you wish to send your kids abroad for higher education, or you want to secure your child’s future in case of something happens to you, choose a rider as per your financial needs.

Risk Appetite

Analyse your risk appetite and choose a savings policy that best suit your financial needs. As there are different types of saving plan, you need to carefully understand how much risk you are willing to take. Depending on your risk appetite, and the payout option you need, choose a savings plan.

Premium Frequency

Various life insurance companies have designed saving plans with multiple premium paying options. That means you can choose to pay for a limited period, or you can choose to pay the premiums every month. Depending on your financial capabilities, choose a premium paying frequency that you are comfortable with.

Compare Saving Plans

Before you finalise a savings plan to buy, compare different plans and check the premiums. You can take the help of savings calculator to find out the premium you will be required to pay. If you want to buy the best savings plan, you need to compare the features, benefits and the premium amount that you need to pay of different plans.



What Factors Affect the Premium of a Savings Insurance Plan?

age

Age

Age is the most crucial factor that determines the amount of premium you will have to pay. In any type of life insurance plan, be it a term insurance or a monthly income plan, you are supposed to pay the mortality premium. This means that the premium is low when you buy a savings plan at a young age as your mortality chance is lower. Your premium will gradually increase as you grow and your mortality chance gets higher. You may be prone to critical illnesses at an older age.

age

Policy Term and Sum Assured

The longer is your policy term, the higher will be your premium. This is because the chances of insurance claims are more with a longer tenure. A regular income plan is a good option if you wish to pay premiums till your retirement age and get enough sum assured to fulfil your life needs. You can also look for the best money-back plan that pays certain instalments of sum assured at regular intervals if you want more liquidity in your savings plan.

age

Medical History and Lifestyle Habits

Your premium depends a lot on the history of diseases in your family, along with your medical profile. Based on potential illness or obesity, the policy premium may increase. You should always be transparent about your medical history or your family’s medical history to avoid rejection. Also, lifestyle habits such as smoking and drinking affect premiums. Smoking causes respiratory illnesses, while heavy drinking may cause heart and liver ailments. Both reduce life expectancy. In such case, due to a higher mortality rate, premiums shall go higher if you are a regular smoker or drinker or both.

age

Occupation

Certain professions may also affect the amount of premium you pay. If you are into more risky or menial jobs such as a fire fighter or a health worker you will have to pay a higher premium. You should get enough coverage and for that you will have to be transparent about your profession. It will help the insurers to assess the risk involved in your profession and suggest the right coverage amount to protect you and your loved ones.

age

Riders

If you have opted for riders along with your savings plan such as accidental death benefit you will have to pay additional premiums for them. Choose the riders carefully and ensure you do not add any riders that you don’t need as it will lead to an increase in premium amount.

How to Buy a Savings Plan Online?

Step-1

You need to know your long-term goals and financial requirements. This is the most primary aspect that helps you decide the sum assured you need.

Step-2

Visit various insurers’ websites and do detail and thorough research about their financial standing, market repute, claim settlement ratio, and reviews.

Step-3

Assess the eligibility criteria, based on the minimum and maximum ages required to opt for the saving policy, minimum income and the documentation required.

Step-4

Fulfill the documentation with all the required proofs – address proof, identity proof, and income proof.

Step-5

Choose inbuilt-cover options (if required), and pay the premium online.

Things to Avoid When Buying a Savings Plan

Saving plans are safe and long-term investment options. While they can help you keep your money safe from inflation and taxes, you need to avoid the following:

  • Over Exposure

    Diversification is key to achieving a balance between growth and liquidity with your money. Savings plans help you preserve the wealth that you have built up over time. However, they only offer nominal growth and long-term liquidity under normal circumstances.

    Thus, you must diversify to more aggressive investments like ULIPs and debt funds for higher growth of money. Additionally, invest in short-term investments like fixed deposits, and mutual funds for higher liquidity.

  • Over Commitment

    Saving plans are long-term savings instruments. If you have a regular income which you want to allocate to savings plans, avoid over-committing to it. Usually, the investment in saving plans is regular. For example, Rs 5000 per month, or Rs 60,000 per year.

    Since the investments can continue for 5 to 10 years you need to be certain about maintaining the regular cash flow. Make sure your regular investments into long-term options like savings plans do not affect your short and mid-term goals.

Why Choose Saving Plans by Canara HSBC Life Insurance?

The Trust of India's largest public-sector banks

Canara HSBC Life Insurance is a joint venture of Canara Bank and Punjab National Bank, along with HSBC Insurance (Asia Pacific) Holdings Limited. Launched in 2008, we offer life insurance products to individuals seeking financial freedom for their loved ones.

Your claim comes first for us

Our claim process is simple, convenient, and designed specially to settle all the claims without any hassles. The claim settlement ratio offered by Canara HSBC Life Insurance is 98.57%^ for individual claims in FY 2021-22.

*Individual death claims settled and reported in public disclosure for FY 2019-20.

A choice of millions of happy customers

Our in-depth knowledge from the renowned public sector banks, combined with years of experience with HSBC, makes Canara HSBC Life Insurance stand out from the others. We have sold lakhs of policies and have a family of millions of happily members.

An experience of delivering happiness worldwide

We are completely aligned with the needs of today’s families and their reliance on a few people for financial needs. That is why we, at Canara HSBC Life Insurance offer products from simple Term Plans to ULIPs, Child Plans and Group Insurance Plans for your specific needs.

Frequently Asked Questions on Saving Plans

A savings plan is likely to be different for everyone depending on the financial goal, risk profile, returns, and investment horizon. If you are young and want to save for your retirement, ULIPs like Invest 4G or Titanium Plus Plan would be the best option. You are likely to create a large corpus by your retirement through market-linked returns if you invest in this savings plan. If capital protection is your aim, then traditional insurance plans such as Guaranteed Savings Plan should be suitable for you.

The entry age for Guaranteed Savings Plan is 0 years, which means even new-born children can be insured under the policy. The maximum age to invest in the savings plan is 60 years. The policy term ranges from 10 years to 20 years, while the premium payment term is between 5 years and 10 years. Please read the policy document of the savings plan you intend to invest in for detailed eligibility criteria.

If you are looking for a guaranteed income plan, then saving plans should be on your list. Savings plan require you to invest a pre-decided amount on a regular basis. People with a regular stream of income who require a lump-sum amount after a period should opt for a savings plan. Working professionals, self-employed people and businessmen should consider a savings plan to meet their long-term financial obligations. Saving plans are also ideal for people who are risk-averse and want to accumulate funds through relatively safer mediums. These saving plans inculcate financial discipline in policyholders which make them crucial for every portfolio.

a) Policy Form

It is the form where all the policy-related information is entered. When you are buying a monthly savings plan, personal, financial, and medical history details will be asked on the form.

b) Proof of Address

Any government-issued document such as passport, driving license, Aadhar card, electricity bill, that can be used as the proof for address.

c) Proof of Income

The individual buying the monthly savings plan has to produce documents to prove that he has sufficient income to pay the premiums.

d) Proof of Identity

Documents such as PAN card, Aadhar card, driving license, Voter ID can be used to establish your identity while applying for a savings plan.

e) Proof of Age

The buyer’s passport, birth certificate, or 10th and 12th mark sheets can be used for age proof for buying a savings plan.

The amount that should be invested in a savings plan each month depends on the income, existing financial obligations and the long-term financial goal. If you have a steady income, you should save at least 20% of your monthly income. It is not necessary to invest your entire money into a savings scheme as investments should be diversified. Ideally, you should aim to have a financial buffer of over 10 times of your annual income. Choose an income plan based on your financial circumstances to stay afloat.

Read More

When you plan to invest in an income plan, it always pays well to start early. The earlier you start investing in a savings plan, the better. When you start investing early, the appreciation in capital is significant. Even a small amount invested in the best saving scheme for a long time can give substantial returns due to compounding. Buy the best savings plan as soon as you start earning to achieve all your milestones on time.

Read More

Saving plans are known for helping us achieve our financial goals. Best saving plans allow you to grow your wealth while providing life cover. Saving and investment plans are also beneficial for tax planning. Premiums of savings cum protection plans come with tax benefit under Section 80C of the Income Tax Act. Moreover, proceeds received upon the death of the policyholder or upon the maturity of the policy are tax free under Section 10 10(D).

The first thing you need to do after you have started earning, is to build a safety net. This safety net should consider yourself, any family member dependent on you and parents. Here are the things you need in the priority order:

  • Get a term life cover with accidental cover
  • Have a health insurance plan
  • Build an emergency fund of 6-9 months of income

As per this you will need about 6 to 9 times of your monthly income in your savings account within one to two years of your employment.

Average saving balance for any investor depends on their age and income. Ideally, everyone should have a running balance of 6 to 9 months of their monthly income as emergency fund. This fund can be invested only in savings and very safe and liquid investments so that it is readily available. However, considering other financial goals you may allocate remainder of your savings to long-term investments.

The amount that should be invested in a savings plan each month depends on the income, existing financial obligations and the long-term financial goal. If you have a steady income, you should save at least 20% of your monthly income. It is not necessary to invest your entire money into a savings scheme as investments should be diversified. Ideally, you should aim to have a financial buffer of over 10 times of your annual income. Choose an income plan based on your financial circumstances to stay afloat.

Read More

Smart Goals Plan is a savings plan with its unique features such as modification of the sum assured partial withdrawal and fund switch can help you plan for your long-term financial goals. Canara HSBC Life Insurance offers a wide variety of saving plans that you can invest in as per your risk appetite and investment goal.

Saving plans help in building wealth over time against the investments that you make. Buy the best savings plan to build an education fund for your child. The best saving plan for kids offered by Canara HSBC Life Insurance eases the stress of planning your child's future by providing a lump-sum payout on the investment. Consider investing in a monthly income advantage plan to assist you in fulfilling your financial goals.

Read More

The Future Smart unit-linked plan from Canara HSBC Life Insurance is the ideal savings plan for the girl child. Monthly Income Advantage Plans are also a good option if you are planning to invest in a savings plan for your girl child.

Saving is the money that you keep aside for emergencies or for buying any big-ticket item. Investing means growing or multiplying the wealth that you have by buying savings plan, or any other assets. Buying a savings plan will help you in achieving your investment goals such as retirement, your child’s higher education or marriage, or for buying a new house.

Read More

Yes. Retirement planning is one of the most important financial decisions of our lives. The best saving plan offers a host of features that may help you build your retirement corpus. Some of the saving plans like Guaranteed Income4Life offer guaranteed returns at policy maturity. Such returns can act as a regular income stream even after your retirement to help you stay financially stable.

The Invest 4G plan with its multiple investment options and various portfolio management strategies for capital protection is an ideal saving plan for retirement. Also, Guaranteed Income4Life is also another savings plan that you can consider for building your retirement corpus as it acts as a guaranteed income plan that will provide you maturity benefits to manage your post-retirement expenses.

Yes. Best saving plans in India offer partial withdrawal system that can be utilized during your rainy days. Being financially prepared to tackle such odds will help you manage any unforeseen expenses in a smooth manner. Buy a monthly income advantage plan that will generate a steady source of income for you to take care of both long-term and short-term financial goals.

Every person has a unique reason to save and invest. With ULIP savings schemes, the company caters to people seeking wealth creation through capital appreciation. Contrarily, the traditional plans can help you save for important life goals without worrying about the fluctuation in fund value. All major savings plan offers partial withdrawal facility that can help you take care of unplanned contingencies. With savings plans from Canara HSBC Life Insurance, you get adequate flexibility while investing and receiving the savings benefits, which makes them a good investment choice for investors looking for income plans.

Read More

Online Plans Pay Premium Get a Call Contact Us