To support, empower and enrich the lives of our heroes in uniform by providing Life protection and financial stability to them and their families through our unique initiative - 'GARV'.
Defence personnel dedicate their lives in protecting their countrymen. Yet, when it comes to protecting themselves and their families from the exigencies of life, current life insurance plans may not be enough. As an exclusive team of Ex-Servicemen, we at GARV understand the needs of these remarkable people. We are dedicated to addressing their financial concerns as well as providing life insurance solutions so that they and their family can enjoy a secure future.
Anuj Mathur is the Managing Director & Chief Executive Officer of Canara HSBC Life Insurance. A founder member of the company, he has pursued his vision of delivering life insurance solutions to manage customer wealth and secure their financial goals. Anuj has worked in various leadership roles in legal, compliance, secretarial and as Chief Financial Officer, before becoming the CEO of the Company in June 2015.
He has also served on various expert committees constituted by the Government of India, regulators and industry associations. He is a key member and speaker at prominent industry platforms such as CII and is currently serving as Co-Chairman ASSOCHAM National Council for Insurance.
With over 29 years of experience in Automobile, IT and Insurance sectors, Anuj specializes in establishing well-drilled teams with the vision of business transformation and has the ability to navigate the organization through unpredictable financial and regulatory environment. His core competencies include strategy development, financial management, corporate governance, creating and managing business relationships, regulatory management & compliance, and risk management.
He is a fervent believer in Customer First for sustainable growth of the company. Committed to the growth and advancement of the Company, he has pushed for break-even in the first 5 years by achieving remarkable financial performance metrics. He has established a progressive operating environment within the company. He regards people as the company's most valuable asset, and actively supports their learning and development agenda. He believes that people can deliver their best performance if they think of themselves as entrepreneurs of the business and not as employees. All of his efforts have ensured the company's healthy, long-term growth and channeled resources toward innovation.
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For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
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Promise is all about faith. My family has faith in me. Similarly, I have faith that Canara HSBC Life Insurance will help me protect my family even in my absence.
With Canara HSBC Life Insurance, I will not only meet the financial requirements for my daughter’s wedding but also for various other life goals.
A promise is a thing of faith. With Canara HSBC Life Insurance, we are confident that we will be able to keep our promises to each other.
Keeping my promises is a priority for me. Canara HSBC Life Insurance has ensured that my second innings will be as beautiful as my first.
The customer service staff always gives a quick response. Usually, we get a personal message within 5-10 minutes of the query. Also, Canara HSBC Life Insurance has done systematic management of investments, which helps our money to grow.
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, age, gender, medical history, etc
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 intended insurance coverage.
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: