We all have plans for our future and dreams for our loved ones. Whatever may come to our way of life, we never want those plans or dreams to reach a dead-end. We want life to be a smooth sailing one in spite of all the adversities. This is the primary motive behind our investment plans. Because, in bad times, financial stability does help a lot to overcome the difficulties.
There are myriad ways to invest in these days. Let’s discuss the new ULIP investment plan soon to be launched by Canara HSBC and OBC.
What is ULIP?
ULIP is Unit-Linked Insurance Plan. It is a life insurance policy which provides a combination of risk cover and investment. ULIP is a life insurance product, which provides risk cover for the policyholder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.This part protection and part investment plan provide protection features through different benefit options to suit your needs. The Canara HSBC and OBC ULIP plan helps you to achieve your and your family’s dreams while protecting them in adverse situations.
The two Indian public sector banks—Canara and Oriental Bank of Commerce along with HSBC, ensure a balanced ULIP plan for the investors. It’s a long-term protection + savings tool that provides better promenades for wealth creation along with an adequate cover.
The new Canara HSBC and OBC ULIP endeavours to provide you better solutions helping you to plan according to your family’s needs keeping in mind parameters like age, need, and time you want to stay invested.
As this is a JV of the three well-reputed organizations, the investor can play safe. Most of us are tech savvy nowadays and do extensive research before investing. But even when you pick a good policy, all your work could be undone if the policy is not able to come to your help or to your nominees’ when it is most needed. The claim settlement ratio for Canara-HSBC-OBC is over 85% for the past three years and that’s definitely an advantageous #InvestShield for the investors.
So, individuals with a medium to long-term investment idea and varying risk profiles can surely go for the Canara HSBC and OBC ULIP plan providing a better value proposition for them. Moreover, you can avoid the trouble of going through a cumbersome process and get yourself insured directly. Visit the OnlineULIP site to learn more.
Disclaimer: In Unit Linked Insurance Plans(ULIP), the investments are subject to market risk. One should understand the benefit illustration clearly before buying.