Insurance News Details

Canara HSBC Life Insurance launches new “Smart Guaranteed Pension”

(18-Apr-23   10:37)

Canara HSBC Life Insurance has announced the launch of 'Canara HSBC Life Insurance Smart Guaranteed Pension' - a guaranteed annuity product that offers premium payment flexibility and ensures regular guaranteed income stream.

Customers can choose from a variety of benefits and options, giving them flexibility, security, and a guaranteed lifetime income.

Smart Guaranteed Pension is intended to provide customers with a hassle-free, secure, and stable retirement.

The product provides premium payment flexibility at the time of purchase; customers can select one based on their financial objectives. It offers a variety of annuity options, as well as the ability for customers to customize the frequency of their annuity payouts.

Mr. Akshay Dhand, Appointed Actuary, Canara HSBC Life Insurance, commenting on the launch of the product, “The Smart Guaranteed Pension is a well-designed product that aims to provide financial security to an individual who would like to assure their retirement well in advance.” Retirement must be secured with a consistent flow of income or payouts in one's golden years, and a product has been developed to allow individuals to live a peaceful life after retirement while also having the assurance of a guaranteed lifelong income.”

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