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

*fintech · news · 2026-04-07 · The Hindu Business Line*

## 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 includes a passive fund option linked to the BSE 500 Enhanced Value 50 Index.
- Loyalty Additions and Wealth Boosters are credited periodically, rewarding long-term premium payment.

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

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/brandhub/pr-release/canara-hsbc-life-insurance-launches-promise4wealth-a-market%E2%80%90linked-savings-plan-integrating-wealth-creation-investment-flexibility-and-life-cover-up-to-age-100/article70834223.ece)

---

Canonical: https://newsio.io/n/72bc1f91-bab2-4c3b-9714-5a8eaaa5f134/designed-for-individuals-seeking-a-balanced-approach-to-longterm-wealth-creation
Summarized by Newsio from The Hindu Business Line. https://newsio.io/how-it-works