A savings-cum-protection plan exclusively for defence, security and police personnel

Guaranteed Suraksha Kavach has two option to choose from Future Suraksha and Income Suraksha

  • Money9
  • Publish Date - November 17, 2021 / 05:20 PM IST
A savings-cum-protection plan exclusively for defence, security and police personnel
The product is being marketed under GARV, the dedicated defence channel of the company. This distribution channel understands the critical needs of defence personnel and helps them in providing an adequate insurance cover.

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a policy exclusively for the defence, security and police personnel. Called Guaranteed Suraksha Kavach, it offers adequate protection and guaranteed sum assured income in case of an unfortunate event.

It also provides the option of creating an early retirement corpus for sustained income for the family of the policyholder after his retirement from the service.

“Indian Armed Forces play an essential role in national welfare and security. Hence, it becomes a prerogative to provide them a financial net which can fulfil their family requirement in the hour of utmost need,” Canara HSBC Oriental Bank of Commerce Life Insurance said.

Future Suraksha and Income Suraksha

The tailor-made will provide guaranteed benefits to the policyholder for the life term, with the advantage of financial aid against the risk of death.

The product offers two simple plan options to choose from, depending upon the requirements– Future Suraksha  and Income Suraksha.

“As a company, we believe it is a great opportunity for us to extend our services to our national heroes through a tailor made insurance plan which is dedicated to fulfil their financial security needs.

“The unparalleled dedication & high-risk jobs of our national forces requires a special offering, which takes care of financial needs throughout their life span. These servicemen have always been in the forefront to protect the nation courageously throughout their services, hence we feel privileged to safeguard them financially in the difficult phases of life,” Anuj Mathur, MD & CEO, Canara HSBC OBC Life Insurance, said.

The product is being marketed under GARV, the dedicated defence channel of the company. This distribution channel understands the critical needs of defence personnel and helps them in providing an adequate insurance cover.

GARV understands the lifestyle and discipline of our national forces better, the company said.

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