Canara HSBC Life Insurance has launched Alpha Wealth, a versatile plan designed to empower individuals in achieving life goals while ensuring the financial security of their loved ones. This comprehensive plan acts as a life insurance shield, providing robust features to safeguard both the insured and their family's financial well-being.
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Encouraging long-term savings, Alpha Wealth offers loyalty bonuses and wealth boosters, enabling consumers to grow their corpus through sustained investments. The plan provides flexibility by allowing investors to choose from a variety of market funds—be it debt, equity, or liquid. Upon maturity, investors are entitled to a return of 100% of the mortality charges deducted during the policy term.
Akshay Dhand, Appointed Actuary at Canara HSBC Life Insurance, expressed enthusiasm for the launch, emphasizing Alpha Wealth's meticulous design to cater to individuals striving for ambitious life goals. The plan not only provides life cover for enduring financial protection but also promotes long-term investments.
The plan offers three alternatives based on an individual's life stage: 'Alpha Invest Plus,' 'Alpha Premium Plus,' or 'Alpha Life Plus.' 'Alpha Premium Plus' provides an extra layer of protection, managing financial responsibilities in the policyholder's absence. In the event of untimely death within the Policy Term, the nominee receives the Lump Sum Death Benefit, with all future premiums waived and borne by the company. The policy includes options for accessing earned wealth through the Systematic Withdrawal Option (SWO) and Milestone Withdrawal Option (MWO).
