ULIP PLAN means Unit Linked Insurance Plan that gives the investors both insurance and investment under a single integrated plan. We get the benefits of Insurance as well as the Investment, at a time, under this ULIP Plan. But can we rely on any XYZ company offering any such insurance cum investment plan ?
We certainly require a well known Local name, we can rely upon for our secured future. CANARA HSBC OBC is one such brand that we can absolutely rely upon without a second thought as CANARA HSBC OBC Life insurance company is jointly owned by India’s two largest public sector banks, i.e. Canara bank holding 51%, Oriental bank of commerce holding 23% and HSBC Insurance ( Asia Pacific ) holding 26% of the share capital.
They are launching a ULIP plan which is a part protection and part investment plan. Investment can be used in future to meet our dreams and insurance is also there to meet any eventualities of life. The ULIP plan will give us the most required financial security, for our loved ones, with different options, for protection in the adverse circumstances, if any.
It has three options i.e. Life option, Life option with the Accidental Death benefit (ADB) and Life option with Premium Funding Benefit (PFB). Entry age is 18 years to 50 years while the maturity age is 28 to 65 years.
The iNVESTSHIELD Plan is a unit linked non-participatory investment cum insurance plan which provides the opportunity to create wealth to fulfill various family needs like building an asset or to ensure for a bright future for our child and therefore, we must opt for this plan for our secured future. It can be purchased directly from their website with online payments.
More details can be checked on their website. INVESTSHIELD . Tax benefits on premium paid and benefit received during the Policy term under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time are also available. We must opt for this #InvestShield insurance cum investment plan for our secured future & for our loved ones.
