Stories
Canara HSBC Life Launches Global Wealth Plan via GIFT City
- •Canara HSBC Life Insurance introduced its US dollar-denominated Global Wealth Plan through GIFT City, distributed via Policybazaar.
- •The plan targets non-resident Indians seeking both international investment exposure and life insurance protection.
- •It comes in three variants: Wealth for long-term growth, Wealth Plus with a Premium Funding Benefit, and Wealth Forever for whole-life legacy planning.
- •The unit-linked insurance plan provides access to global equities, debt funds, and precious metals like gold and silver without allocation or administration charges.
- •Customers must evaluate underlying fund performance, currency exchange fluctuations, charges, and withdrawal conditions before investing.
Key Questions Answered
Canara HSBC Life Insurance launched the Global Wealth Plan through GIFT City, a US dollar-denominated unit-linked insurance plan distributed by Policybazaar. It is specifically designed for non-resident Indians (NRIs) seeking a combination of international investment exposure and life insurance protection.
The plan features three variants: Wealth for long-term creation, Wealth Plus featuring a Premium Funding Benefit, and Wealth Forever offering whole-life cover for legacy planning. Under Wealth Plus, if the life assured passes away, future premiums are funded by the insurer to keep the policy active until maturity.
Ageas Federal Life Insurance launched its Aurum Advantage plan in GIFT City, offering multi-currency investments in US dollars, euros, and British pounds. In contrast, Canara HSBC Life Insurance's Global Wealth Plan focuses strictly on US dollar-denominated investments.
