# Designed for individuals seeking a balanced approach to long-term wealth creation and financial protection.

*fintech · news · 2026-04-07 · The Tribune*

## Key points

- Promise4Wealth ULIP features zero premium allocation charge, investing 100% of premiums from inception.
- Mortality and policy administration charges are returned to the fund value at maturity for select options.
- The plan offers a passive fund linked to the BSE 500 Enhanced Value 50 Index for undervalued companies.
- Promise4Wealth Shield pays future premiums and provides monthly income to nominees upon policyholder's death.

**Companies:** Canara HSBC Life Insurance Company Limited
**Countries:** India

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/canara-hsbc-life-insurance-launches-promise4wealth-a-market-linked-savings-plan-integrating-wealth-creation-investment-flexibility-and-life-cover-up-to-age-100/)

---

Canonical: https://newsio.io/n/5b25d4f8-ef24-467e-9680-0a690fa0a501/designed-for-individuals-seeking-a-balanced-approach-to-long-term-wealth-creatio
Summarized by Newsio from The Tribune. https://newsio.io/how-it-works