– Give your family a financial safety net with iSelect Term plan –
New Delhi, 02nd March, 2017: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited announces launch of iSelect Term Plan (available online) which provides enhanced protection cover for the family at an affordable premium. With iSelect Term Plan one can design their own financial safety net so that they can protect their family’s future and ensure that they lead their lives comfortably without any financial worries.
Key features of iSelect term plan:
– Highly cost effective
– Available online; quick and easy
– Guaranteed insurance coverage to protect your spouse and family’s future income
– Option to automatically increase the insurance coverage according to changing life stage needs
– Comprehensive plan with multiple cover options
Securing the future of our loved ones is one of the most important life goals and a protection plan helps in covering financial obligations and can, to a great extent, provide financial relief to dependants. Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan helps accomplish this by providing various options to tailor the term plan as per your customers’ requirements. The benefit under this plan can be paid out as a lump sum (for immediate financial security) or as monthly income for 10 yrs, or up to the end of the planned cover term to aid a child’s education or protect a loved one’s future with a monthly income for 10 years or up to the end of your planned coverage term. The plan also offers optional in-built covers against accidental events like disability or accidental death, and the option to secure the life of the insured’s spouse as well.
Mr. Anuj Mathur, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited said, “Insights from customers and market research are the key inputs for us while designing a product. Our aim always has been that our proposition to customer must be market competitive and provides a fair value exchange. iSelect Term Plan is a simple product which is available online, has an easy and convenient premium payment options & is a simple to understand product which offers very high value to the customer.”
Mr. Mathur further added, “Life insurance is needed for everyone who makes an economic impact to somebody else’s life. At any point in time one should plan in such a manner that in one’s absence, the family will not need to compromise on their current lifestyle and yet-to-be fulfilled needs. Our iSelect Term Plan is a pure protection online term plan that provides life insurance cover along with the option to cover against accidental death/ disability. Canara HBSC Oriental Bank of Commerce Life Insurance Company Limited continues to focus on meeting customer needs and is committed to delivering ‘Value for Money (VFM)’ for them “.
Need-based benefit payout options that iSelect Term Plan offers:-
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