Canara HSBC Life Insurance Company Limited has launched the Global Wealth Plan (UIN: 2026L002V01)—a USD-denominated, unit-linked, non-participating life insurance-cum-savings policy available through GIFT City.
Distributed in partnership with Policybazaar, the plan allows Non-Resident Indians (NRIs) to invest in globally diversified assets while securing long-term financial protection and wealth creation in US Dollars.
Key Highlights of the Global Wealth Plan
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USD-Denominated Investing: Invest and receive maturity benefits in US Dollars, helping NRIs plan for global lifestyle expenses, international education, and financial obligations in the same currency.
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Global Asset Allocation: Provides access to international equity funds, debt funds, and precious metals (Gold and Silver) via GIFT City’s regulatory framework.
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Zero Allocation & Admin Charges: Premium payments are fully invested into chosen funds without deduction for allocation or administrative charges.
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Flexible Plan Variants: Offers three tailored options to suit different financial goals:
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Wealth: Designed for long-term capital appreciation and wealth creation.
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Wealth Plus: Includes a Goal Protection Benefit—if the policyholder passes away, the Sum Assured is paid immediately, and the company funds all future premiums to ensure the policy reaches maturity.
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Wealth Forever: Offers whole-life coverage intended for legacy building and generational wealth transfer.
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Fund Boosters: Features built-in incentives such as Loyalty Additions and Maturity Boosters to enhance the total accumulated fund value over time.
Leadership Commentary
“Customer needs of Non-Resident Indians are evolving rapidly… Global Wealth Plan brings together USD-denominated investing, globally diversified fund options, and life insurance protection within a single solution, allowing customers to align their investments to unique life goals.”
— Rishi Mathur, Chief Distribution Officer & CMO, Canara HSBC Life Insurance
“NRI customers are increasingly seeking opportunities to diversify their portfolios and participate in global growth themes. Global Wealth Plan meets this need by combining international investment access via GIFT City with the security of life insurance.”
— Vivek Jain, Chief Business Officer – Life Insurance, Policybazaar
