Canara HSBC OBC Life Launches New Insurance Plan

Canara HSBC Oriental Bank of Commerce Life Insurance has introduced a new unit-linked insurance product Secure Bhavishya to protect and meet an individual's future financial needs. It will help customers build-up a retirement fund which can be used to provide a steady post retirement income, a company statement said. It offers capital protection by way of minimum guarantee of 101% of all premiums paid as the maturity value, it said.