Canara HSBC Life Insurance launches Promise2Secure holistic protection plan

NEW DELHI, July 29, 2026 /PRNewswire/ — Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance") has announced the launch of Promise2Secure, a comprehensive non-linked, non-participating individual pure risk premium life insurance plan. The product is designed to help individuals and families safeguard their financial future against life's uncertainties.

As financial responsibilities grow increasingly complex, Promise2Secure reimagines traditional protection by offering a holistic proposition that integrates life coverage with multiple layers of protection and value-added services. The plan combines life cover with protection against accidental death and disability, critical and terminal illnesses, and child future security. It also extends protection through health and wellness services and legacy planning support, provided via third-party providers.

The product is available under two plan options:

• Life Secure
• Life Secure with Return of Premium

These options enable customers to align their protection strategy with their personal preferences.

Industry Perspective

Commenting on the launch, Rishi Mathur, Chief Marketing Officer and Chief Distribution Officer – Alternate Channels, Canara HSBC Life Insurance, said:

"Today's customers are seeking protection solutions that go beyond basic financial security to solve for their key needs across life stages. Basis market insight, Promise2Secure has been carefully crafted to meet these evolving expectations. The product brings together comprehensive protection, wellness benefits, and legacy planning support in a single, integrated offering. It provides true flexibility with deferment options, lock in of rates and add-on coverage for accidents and critical illness. Combined with the plan's affordability and enhanced coverage options, Promise2Secure empowers customers to protect what matters most and plan confidently for their family's future."

Key Features

A key feature of Promise2Secure is its ability to enable early life protection, allowing customers to lock in favourable premium rates for the entire policy term, with the option to increase cover up to twice the original coverage. The plan also offers flexibility to enhance coverage in line with key life milestones such as marriage, parenthood, or home ownership — ensuring that protection keeps pace with changing responsibilities.

Key Highlights

• Comprehensive life protection with coverage options for both self and spouse
• Choice between Life Secure and Life Secure with Return of Premium variants; return of total premiums paid on survival under the Return of Premium option
• Premiums locked at inception, with an option to increase sum assured by up to 100% within the first five years through Block Your Premium rate
• Protection against accidental death, total and permanent disability, and 40 specified critical illnesses
• Waiver of future premiums upon diagnosis of terminal illness
• Child Care Benefit to support a child's financial future in the event of an unforeseen loss
• Flexible death benefit payout options: lump sum, monthly income, or a combination of both
• Insta payout feature for eligible death claims
• Premium deferment facility for up to 12 months without impacting risk cover
• Complimentary health and wellness ecosystem including teleconsultations, diagnostics support, health assessments, and fitness services
• Online will preparation for seamless legacy planning

Coverage Flexibility

Further enhancing its adaptability, the plan offers both level cover and increasing cover options. Under the increasing cover feature, the sum assured grows by 10% annually — up to 100% of the original sum assured over a ten-year period — helping customers stay aligned with rising financial obligations and inflationary pressures.

Company Commitment

With Promise2Secure, Canara HSBC Life Insurance reinforces its commitment to delivering customer-centric protection solutions that remain relevant in a dynamic environment, bridging present security with future preparedness, and making insurance more comprehensive, accessible, and meaningful for modern consumers.

About Canara HSBC Life Insurance

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (36.5%) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5%). It is a bancassurance-led publicly listed insurance company with its corporate office in Gurugram, Haryana, and 107 branch offices across India as of June 30, 2026. Canara HSBC Life brings together the trust and market knowledge of public and private banks.

For 18 years, Canara HSBC Life Insurance has been committed to providing reliable and innovative insurance solutions to its customers.