Established in the year 2008, Canara HSBC Life Insurance is one of the major up and coming life insurance companies in the country. As the name implies, this company was established as a partnership between state-owned banker Canara Bank and the insurance wing of private banking firm HSBC. Another public sector bank Oriental Bank of Commerce also owns a considerable stake in the company. The company offers a diverse range of life insurance products for its customers. Customers who are interested in the company’s products can use the premium calculators and other tools to determine their exact requirements first.
The cost of life insurance policies differs from one individual to another depending upon his/her age, income, lifestyle habits, and other factors. When it comes to savings/investment-oriented life insurance plans, the premium of a policy mostly depends upon how much the policyholder wishes to get back in returns. Depending upon these investment goals, policyholders can choose their life insurance cover. Another factor to be considered here is their affordability. Premium calculators allow policyholders to try out different sum assured options and choose the best one within their affordable range. By using premium calculators, customers can know how much they can earn from a policy and invest accordingly.
The life insurance premium calculator offered by Canara HSBC can be accessed using the following steps:
The major advantages of using a life insurance premium calculator are listed as follows:
Life insurance is all about securing the financial needs of the policyholder’s dependents. This is the main reason why customers have the flexibility of choosing their desired products. Premium calculators are effective in helping customers understand their investment goals. The premium calculators offered by Canara HSBC serve the same purpose. By gaining knowledge about what they can get out of these life insurance covers, customers can make engage in proactive financial planning and make their investments in the right products.
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