Canara HSBC OBC Life Insurance rolls out ULIP plan

A new unit linked plan that will offer cover to a child's future and also take care of the financial requirements has been introduced by the Canara HSBC Oriental Bank of Commerce Life Insurance Company. It is known as the Canara HSBC Oriental Bank of Commerce Life Insurance Future Smart Plan.

Meanwhile, this plan is a unit linked insurance policy that will offer an enduring investment opportunity in order to form a bright future for the child.

Canara HSBC OBC Life Insurance Director (Sales, Marketing & Products) Mario Perez said that their Future Smart Plan will make sure that the future financial needs of a child will carry on to be unaffected even in case of a fateful event

Moreover, this policy also provides tax benefit to its customers on premiums that are paid under Section 80C and Section 10(10D) respectively, of the IT Act, 1961.

The insurance firm has 2 more ULIPs in its product range namely Canara HSBC OBC Life Grow Smart Plan and Canara HSBC OBC Life Dream Smart Plan.

Canara HSBC Oriental Bank of Commerce Life Insurance Company is owned by Canara Bank (holding 51 per cent) and Oriental Bank of Commerce (23 per cent) and HSBC Insurance (Asia Pacific) Holdings (26 per cent).