Mumbai: Canara HSBC Oriental Bank of Commerce Life Insurance has come up with a new term insurance iSelect Smart360 Term Plan offering comprehensive protection. It is a flexible term plan that suits all life stages and requirements of a buyer.
The plan offers the flexibility to choose from three available plan options based on personal needs: Life Secure offering life coverage, Life Secure with Income offering a survivorship income benefit in addition to life coverage, and Life Secure with return of premium. which offers a refund of premiums on the surviving policy. term in addition to life coverage.
The new insurance plan launched by the company offers optional built-in features such as the Block Premium benefit, coverage against all 40 listed critical illnesses, options to increase coverage by opting for Accidental Death/Disability and Illness Insurance terminal, childcare allowance, early leaving allowance, etc. its comprehensive attributes, the 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 and CEO, Canara HSBC Oriental Bank of Commerce Life Insurance says, “Whenever we design a new product for the market, our first thought is always to understand ways preserve the financial well-being of buyers. Our customers place great trust in us and we truly feel and recognize this customer expectation. The same can be seen in our latest offering ‘iSelect Smart360 Term Plan’. It is a flexible, feature-rich product designed to provide convenience and financial protection to insurance applicants and help them assess their ongoing coverage needs with changing weather and life’s milestones. Such product benchmarking is very important today when customers are constantly looking for convenient and simple insurance products.”
The product is currently available through the following channels – online (i.e. company website), online brokers, web aggregators and corporate agents (Canara Bank and HSBC Bank)