New Delhi, October 16, 2026: Canara HSBC Life Insurance Company Limited has introduced the Global Wealth Plan (UIN: 2026L002V01), a unit-linked, non-participating life insurance-cum-savings product denominated in US Dollars and available through GIFT City. The plan, currently distributed via Policybazaar, targets Non-Resident Indian (NRI) customers seeking international investment and protection solutions.
The Global Wealth Plan allows customers to invest in global equities, precious metals such as gold and silver, and debt funds, with all transactions and benefits denominated in US Dollars. The offering is designed to support long-term wealth creation and life protection, catering to customers with global financial needs and obligations.
Three plan variants for diverse goals
The product features three plan options: Wealth for long-term wealth creation, Wealth Plus with Premium Funding Benefit to secure family financial goals, and Wealth Forever with whole life cover for legacy and wealth transfer. All variants include life benefits, and the Wealth Plus option provides a Goal Protection Benefit, under which the sum assured is paid immediately upon the death of the life assured and all future premiums are funded by the company until maturity.
No allocation or administration charges
The plan carries no allocation or administration charges, enabling a larger portion of the customer’s premium to remain invested. Additional features include Loyalty Additions and Maturity Boosters, which are provided based on the selected plan option to enhance the overall fund value.
Distribution and executive remarks
Rishi Mathur, Chief Distribution Officer, Alternate Channels and Chief Marketing Officer at Canara HSBC Life Insurance, said the partnership with Policybazaar expands access to global investment opportunities via GIFT City, offering customers USD-denominated investing, diversified fund options, and life insurance protection in a single solution. Vivek Jain, Chief Business Officer Life Insurance at Policybazaar, noted that the plan addresses the growing demand among NRI customers for globally diversified investment solutions combined with life insurance protection.
Company background
Canara HSBC Life Insurance, incorporated in 2007, is co-promoted by Canara Bank (36.5%) and HSBC Insurance (Asia-Pacific) Holdings Limited (25.5%), with Punjab National Bank holding 13% and the remainder held by public shareholders. The company operates from its corporate office in Gurugram, Haryana, with 107 branches across India as of September 30, 2026. Policybazaar, established in 2008, is a digital insurance platform working with 55 insurance partners and has issued 71.6 million policies as of June 2026.
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