Canara HSBC Promise2Protect
- Increasing Coverage Option
- 2 Plan Options
- Spouse Coverage
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Updated on Jun 30, 2025 5 min read
Promise2Protect by Canara HSBC Life Insurance is a pure protection plan that offers policyholders to choose from two plan options: Life Secure and Life Secure with Return of Premium. This plan safeguards your loved ones financially in case of your unfortunate demise during the policy tenure. You have the option to cover you and your spouse under the same plan with the spouse coverage option. With two coverage options- level cover and increasing cover, this plan is an ideal choice for anyone looking for a comprehensive term plan.
Canara HSBC Promise2Protect offers a range of benefits including:
Minimum age- 18 years, Maximum age- 60 years
Maximum maturity age- 80 years
Minimum policy term- 5 years, Maximum policy term- (80- Entry age)
Base sum assured- Rs 15 lakhs to No limit
Policy loan is not available with this plan
Yearly, half-yearly, quarterly, and monthly
Let's understand how the Canara HSBC Promise2Protect Plan works with a simple premium illustration.
Mr Patel is looking for a term plan that offers comprehensive coverage to his loved ones along with an option to avail of a special exit value on policy surrender.
He booked a free appointment with one of PolicyX’s expert insurance advisors. The expert suggested buying the Canara HSBC Promise 2 Protect plan.
Mr Patel bought the Promise2Protect plan from PolicyX.com. Let’s understand how this plan works for him.
| Plan Option | Age of Policyholder | Annual Premiums | Policy Tenure | Premium Payment Term | Total Premiums Paid | Sum Assured |
| Life Secure | 30 years | Rs 28,162 | 40 years | 10 years | Rs 2,81,620 | Rs 1 crore |
| Life Secure with Return of Premium | Rs 36,995 | Rs 3,69,950 |
Key Takeaways:
(i) Life Secure: In case of Mr Patel’s demise during the policy tenure, his family would receive benefits worth Rs 1 crore and his policy would lapse. If he survives the policy tenure the policy would lapse on maturity without paying any benefits.
(ii) Life Secure with Return of Premium: In case of Mr Patel’s demise during the policy tenure, his family would receive benefits worth Rs 1 crore and his policy would lapse. If he survives the policy tenure, all the paid premiums will be returned.
Here are the benefits associated with the Canara HSBC Promise2Protect
Here is the list of exclusions associated with the plan:
Promise2Protect is a comprehensive term life insurance plan that offers policyholders to choose from two plan options- Life Secure and Life Secure with ROP. You can avail a lot of benefits with this plan including increasing sum assured, spouse coverage, special exit value, return of premiums, etc. This plan is an ideal option for anyone looking to safeguard their family financially in the event of their uncertain death.
If you are still confused about whether Canara HSBC Promise2Protect is an ideal choice for you or not, you can contact us at PolicyX.com.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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