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For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
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About Promise4Wealth
In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN: 136L096V01
Life is full of promises—from achieving dreams to protecting loved ones. Presenting Canara HSBC Life Insurance Promise4Wealth — a Unit Linked Individual Savings Life Insurance Plan designed to support all your financial needs. Whether it’s protecting your family, planning for retirement, securing your child’s future, or building a lasting legacy, Promise4Wealth is designed to grow with you. It combines protection, growth, and flexible benefits—adapting effortlessly to your financial goals and supporting your journey every step of the way.
Plan Options
- Promise4Wealth Maximiser: Life cover through the policy term with Fund Value paid at maturity for long‑term wealth growth
- Promise4Wealth Shield: This option ensures your loved ones receive a lump‑sum payout, monthly income, and the Fund Value at maturity, while all future premiums are taken care of
- Promise4Wealth LongLife: Stay protected till age 100, with the Fund Value paid out to secure your legacy
Why Buy Canara HSBC Life Insurance Promise4Wealth
Key Highlights of Promise4Wealth:
- Life cover for your loved ones with three flexible plan options to choose from tailored to your protection and savings needs.
- Zero Premium Allocation Charge under this product
- Get back Mortality and Policy Administration Charges at maturity - enhancing your overall returns
- Triple Protection with Promise4Wealth Shield, wherein You get an immediate lump‑sum payout on death, guaranteed monthly income, and continued policy benefits till maturity.
- Stay protected and enjoy benefits up to age 100 with the Promise4Wealth LongLife
- Loyalty Additions, Wealth Boosters, and Value Boosters that help enhance your fund value
- Create a regular secondary income with Systematic Withdrawal Option
- Tax benefits: May be available as per current Income Tax laws; please consult your tax advisor for guidance.
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- Benefits
- Choice of Funds
- Enhanced Flexibilities
- Plan at a Glance
A. Death Benefit
Plan option | Death benefit |
Promise4Wealth Maximiser & Promise4Wealth LongLife
| Higher of the following amounts and will be paid as a lumpsum: · Sum Assured less partial withdrawals / withdrawals under Systematic Withdrawal Option, if any, in the preceding two years of the death of the Life Assured, or · Fund Value as on date of intimation of death claim, or · 105% of all Premiums paid up to the date of death The Policy shall terminate after the payment of the Death Benefit |
Promise4Wealth Shield
| Higher of the following amounts and will be paid as a lumpsum: • Sum Assured Plus, Premium Funding Benefit (PFB) shall be applicable wherein We will pay all future premiums on your behalf, in the same mode and fund allocation you last selected. All charges—except Mortality and PFB will continue to be deducted until maturity. At maturity, the Fund Value will be paid as a lump sum or as per the Settlement Option chosen before death. Along with the Death Benefit and PFB, your family will also receive a monthly income equal to 1/12th of the Annualized Premium and will continue until the end of the Policy Term, subject to a maximum period of 120 months. |
B. Maturity Benefit
Promise4Wealth Maximiser & Promise4Wealth LongLife: Fund Value as on the date of maturity of Your Policy is payable.
Promise4Wealth Shield: Fund Value at maturity is paid to the Life Assured if alive, or to the Nominee(s) if not.
The Policy will terminate on payment of the Maturity Benefit.
C. Additions to the fund
- Loyalty Additions: Added every 5th policy year from the policy commencement date during the premium payment term.
- Wealth Boosters: Added from the 10th policy year from the policy commencement date and every 5th policy year
- Return of Mortality Charge: Mortality charges deducted are added back to the fund at maturity.
- Return of Policy Administration Charge: Administration charges deducted are added back to the fund value at maturity for all plan variants
Policy Term | Return of Policy Administration Charges |
Less than or equal to 15 years | 1.5 X of Charges deducted shall be returned |
Policy Term greater than 15 years | 2 X of Charges deducted shall be returned |
- Value Booster (if appliable): 1% Value Booster on each premium paid in the first Policy Year will be credited to your Fund Value based on your payment frequency
The Benefits displayed above are for an in-force policy.
Choose from a range of 15 Unit Linked Funds to cater to your investment needs. You can choose to allocate your Premiums to any, all or a combination of the Unit Linked Funds as per your risk preference.
- Large Cap Advantage Fund
- Midcap Momentum Growth Index Fund
- Emerging Leaders Equity Fund
- India Multi-Cap Equity Fund
- Equity II Fund
- Growth Plus Fund
- Balanced Plus Fund
- Debt Fund
- Liquid Fund
- India Manufacturing Fund
- Multicap Momentum Quality Index Fund
- Nifty Alpha 50 Index Fund
- Nifty 500 Multifactor 50 Index Fund
- Liquid Fund
- BSE 500 Enhanced Value 50 Fund
Product Flexibilities
1. Partial Withdrawals
You can make partial withdrawals from the 6th policy year onwards, once all premiums for the first 5 years are paid.
2. Settlement Option
Option to receive your maturity payout in instalments over a maximum period of 5 years.
3. Premium Redirection
Option to change how your future premiums are invested by redirecting them to different funds.
4. Switching
Move your existing fund value from one fund to another anytime during the policy term or Settlement Period.
5. Premium Reduction
After completing 5 policy years, you can reduce your premium basis your financial needs.
6. Option to increase Policy Term
Increase your policy term up to 2 times during the entire policy duration.
7. Change of Premium Payment Term
Option to alter your premium payment term basis your financial horizon.
8. Change in Premium Payment Mode
Flexibility to switch your premium payment mode anytime during the premium‑paying term.
Eligibility Conditions | Plan Options | ||
Promise4Wealth Maximiser | Promise4Wealth Shield | Promise4Wealth LongLife | |
Entry Age (in years) | 0 to 65 | 18 to 45 | For PPT less than 10: 18 to 50 For PPT more than equal to 10 years: 18 to 65 |
Maturity Age (in years) | 18 to 80 | 28 to 70 | 100 years |
Policy Term i.e. PT (in Years) | 10 to 30 | 10 to 25 | 100 minus Age at entry |
Premium Paying Term i.e. PPT (in Years) | Limited Pay: 5 to PT-1 years Regular Pay: Same as PT | ||
Sum Assured | 10 X Annualized Premium | ||
Annualized Premium | ₹ 12,000 – No Limit | ||
Premium Payment Mode3 | Annual, Semi- Annual, Quarterly and Monthly | ||
The Entry / Maturity Age shall be age as on last birthday. Availability of Policy Term will be subject to Minimum Maturity Age and Maximum Maturity Age (as specified in the table above), both inclusive.
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