Canara HSBC Oriental Bank of Commerce Life Insurance launches Jeevan Nivesh Plan

Kolkata
8 Jun 2017

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited adds a new traditional product to its portfolio with the launch of Jeevan Nivesh Plan. An endowment plan with whole life cover option and helps build in savings over a period of time.
Key highlights: Guaranteed savings with payment of Sum Assured on maturity, Life cover during the policy term & upto age 100 years, Inflation protected income for 15 years - flexibility to convert your guaranteed sum assured on maturity as annual payouts payable with 5% compounded increase every year, Customize your savings horizon and key financial goals with multiple policy term options & flexible premium payment term and Bonuses (if any) are added to ensure a steady build-up of fund for your financial goals
Anuj Mathur, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited said, "Jeevan Nivesh is an easy to understand simple product which delivers good customer value. With this plan we have also expanded our traditional product portfolio. This plan is in line with our target to penetrate in more semi urban and rural areas, since customers across these regions are seen to have a preference for traditional products with some kind of guarantees."
Mr. Mathur further added," We have a robust product pipeline and over a longer period, we will have a balanced mix of products based on our customer research on product preferences, especially for mass market customers where we believe the risk appetite is lower." (EOIC)