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      Question

      In April 2026, Canara HSBC Life Insurance launched

      ‘Promise4Wealth’, a Unit Linked Insurance Plan (ULIP). Which variant of this plan provides life insurance cover to individuals up to age 100?
      A Promise4Wealth Maximiser Correct Answer Incorrect Answer
      B Promise4Wealth Shield Correct Answer Incorrect Answer
      C Promise4Wealth Long Life Correct Answer Incorrect Answer
      D Promise4Wealth Secure Correct Answer Incorrect Answer
      E Promise4Wealth Elite Correct Answer Incorrect Answer

      Solution

      Canara HSBC Life Insurance launched ‘Promise4Wealth’ in April 2026, a next-generation Unit Linked Insurance Plan (ULIP) designed to offer long-term wealth creation along with life insurance protection. The product features 3 plan variants: Promise4Wealth Maximiser (focuses on maximising investment corpus), Promise4Wealth Shield (ensures continuation of savings where insurer pays future premiums on death), and Promise4Wealth Long Life (provides life insurance cover to individuals up to age 100).

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