Mumbai: Canara HSBC Oriental Bank of Commerce Life Insurance has come up with a new term insurance iSelect Smart360 Term Plan that offers comprehensive protection. It is a flexible term plan that is suitable for all life stages and requirements of the buyer.
The plan offers the feasibility to choose from three available plan options depending on the individual needs: Life Secure offering life cover, Life Secure with income offering life cover in addition to survival income benefit and Life Secure with return of premium which is premium on outliving policy. Offers return of term in addition to life cover.
The newly launched insurance plan by the company offers optional inbuilt features like block premium benefit, coverage against 40 listed critical illnesses, accidental death/disability and terminal illness benefit, child care benefit, early exit benefit etc. option to increase the cover. Is. With its comprehensive features, iSelect Smart360 Term Plan offers 360 degree protection for individuals and their loved ones.
Commenting on the launch of iSelect Smart360 Term Plan – Mr. Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commerce Life Insurance says, “Whenever we are designing a new product for the market, our first consideration is Always have to find out. Ways to preserve the financial well-being of buyers. Our customers trust us a lot and we really feel and accept that expectation of the customers. This can be seen in our latest offering ‘iSelect Smart360 Term Plan’. It is a flexible, feature-rich product designed to provide convenience and financial security to insurance seekers and help them evaluate their ongoing coverage needs with the change of time and life milestones . Such benchmarking of the product is very important in today’s times when customers are constantly on the lookout for convenient and simple insurance products.”
The product is currently available on the following channels- Online (ie Company website), Online Brokers, Web Aggregators and Corporate Agents (Canara Bank and HSBC Bank)