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Achieve Your Financial Dreams with Saving Plans

Check out our savings blogs for easy tips and tricks to help you save money and reach your financial goals.

Smart Saving Strategies for Financial Security

Editor's Choice

A Guide to Smart Monthly Income Plan In India

03 Feb '21
874 Views

A smart monthly income plan is a complete solution to manage your income efficiently. Learn more on how a savings plan can help you secure your life goals.

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Why do you Need Savings and Investment Plans?

02 Aug '24
874 Views

Saving and Investment Plans help you plan your future expenses if you use your wealth. There are a variety of saving plans you can choose to invest in as per your financial goals.

Read More

Top Investments with Guaranteed Returns in India in 2025

13 May '24
1969 Views
8 minute read

Discover top investment options in India with guaranteed returns. Secure your financial future with reliable plans from Canara HSBC Life Insurance. Explore now!

Read More

When To Start Investing In a Savings Plan For Your Child?

12 Jan '21
881 Views
7 minute read

Get to know how and when you should start investing for your child’s investment plan. Find some right investment strategies here.

Read More

5 Tips to Buy the Best Savings Plan in India

11 May '21
872 Views

Savings plans are ideal investments to meet your family’s future financial needs. You can also invest in tax-saving plans and avail of the tax exemption. However, you need to know these 5 tips before you buy the best savings plans in India.

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12 Best Saving Plans & Schemes in India with High Returns

18 May '21
873 Views

Know about the best saving plans in India such as NSC, SCSS, RD, MIS, PPF, KVP, SSY, Atal Pension Yojana and more. Read this blog and choose the best savings scheme for yourself.

Read More

A Guide to Smart Monthly Income Plan In India

A Guide to Smart Monthly Income Plan In India
03 Feb '21
874 Views
A smart monthly income plan is a complete solution to manage your income efficiently. Learn more on how a savings plan can help you secure your life goals.
Read More

Why do you Need Savings and Investment Plans?

Why do you Need Savings and Investment Plans?
02 Aug '24
874 Views
Saving and Investment Plans help you plan your future expenses if you use your wealth. There are a variety of saving plans you can choose to invest in as per your financial goals.
Read More

Top Investments with Guaranteed Returns in India in 2025

Top Investments with Guaranteed Returns in India in 2025
13 May '24
1969 Views
8 minute read
Discover top investment options in India with guaranteed returns. Secure your financial future with reliable plans from Canara HSBC Life Insurance. Explore now!
Read More

When To Start Investing In a Savings Plan For Your Child?

When To Start Investing In a Savings Plan For Your Child?
12 Jan '21
881 Views
7 minute read
Get to know how and when you should start investing for your child’s investment plan. Find some right investment strategies here.
Read More

5 Tips to Buy the Best Savings Plan in India

5 Tips to Buy the Best Savings Plan in India
11 May '21
872 Views
Savings plans are ideal investments to meet your family’s future financial needs. You can also invest in tax-saving plans and avail of the tax exemption. However, you need to know these 5 tips before you buy the best savings plans in India.
Read More

12 Best Saving Plans & Schemes in India with High Returns

12 Best Saving Plans & Schemes in India with High Returns
18 May '21
873 Views
Know about the best saving plans in India such as NSC, SCSS, RD, MIS, PPF, KVP, SSY, Atal Pension Yojana and more. Read this blog and choose the best savings scheme for yourself.
Read More

Frequently Asked Questions

As the name suggests, whole life insurance is a type of life insurance in which the insured is protected for their entire life. Generally, the plans offer coverage up to 99 years of age. It helps the insured financially protect their loved ones in case of any unfortunate event. 

Everyone should buy life insurance as it financially protects their loved ones and dependents in case of their unfortunate demise. It helps the family of the deceased in various ways, such as paying for loans, securing their children’s future and more. It acts as an income replacement. 

Surrender value refers to the amount that the life insurance company has to pay when a policyholder wishes to surrender the policy in between the policy tenure. The amount varies depending on how far you are into your policy. There are two types of surrender value in life insurance, i.e. Guaranteed Surrender Value and Special Surrender Value. 

Life insurance offers the policy nominees a sum assured if the policyholder dies, provided the premiums are paid on time, and the policy is active. A contract is formed between the policyholder and the insurance company, entailing details such as the sum assured, premiums, frequency, policy tenure, nominee details, etc. These details are mutually agreed upon and calculated considering the need, a 

Every person has varied needs and wants. The best life insurance offers plans to provide financial security according to these needs and wants. There are many life products available in the market to cater to the needs of every individual. It is important to note that not all life insurance is suitable for you and your family’s needs.

The main difference between them is that term insurance is a part of life insurance that financially protects your family in your absence for a pre-determined period. The cost of a term plan is comparatively cheaper as it is a pure protection plan, whereas life insurance has various plans that offer survival benefits, maturity benefits, and more.

You can easily determine your premium using Life insurance calculators. You just need to fill in details such as your birth date, annual income, lifestyle habits, and gender. After that, you select the choice of life insurance plan variant, premium payment frequency, and the amount and duration of the coverage.  The life insurance calculator will determine and display the premium payable for the i

Various types of life plans are available on the market to suit every individual's needs. The main categories are: 

  • Term Insurance  

  • Whole Life Insurance  

  • Unit Linked Insurance Plan (ULIP) 

  • Endowment Plan  

  • Money Back Plan 

  • Retirement Plan  

  • Child Insurance Plan 

  • Group Insurance Plan  

  • Savings & Investment Plans 

 

Every insurance policy has a coverage amount that the insurance company pays to the policyholder or their beneficiaries against the premiums received. This coverage amount is known as the sum assured. 

Surrendering a life insurance policy means giving up all the benefits, life cover, and investment value of the policy. It also means losing a big part of your investments so far in the plan. Here’s what you can do if you need to surrender: 

 

  • Make sure the policy is not in the lock-in period 

 

  • Complete the policy surrender form and visit the nearest branch of the insurer to submit - KYC Documents, Bank