With India’s retiree population rapidly growing, Canara HSBC Life Insurance has unveiled its latest product—the EZ Pension Plan. Developed in collaboration with PolicyBazaar, the plan is designed as a market-linked pension solution that encourages disciplined savings while offering flexibility for retirement planning.
What is the EZ Pension Plan?
The EZ Pension Plan is a retirement-oriented, unit-linked insurance product (ULIP) that combines investment growth with insurance protection.
- Market-Linked Returns: Policyholders’ savings are invested in market-linked funds for higher long-term growth.
- Retirement Corpus Creation: Helps build a dedicated fund for post-retirement income.
- Accessibility: Designed to be affordable and easy to purchase online via PolicyBazaar.
Why the Collaboration with PolicyBazaar?
PolicyBazaar brings digital distribution strength and a large customer base, while Canara HSBC provides insurance expertise. Together, the partnership ensures:
- Easy online purchase & servicing.
- Transparent fund performance tracking.
- Wider reach among young professionals planning early retirement.
👉 Related: Kotak’s Gen2Gen Income Plan: A Customer-Centric Strategic Move
Why This Matters
India’s retirement market is projected to grow exponentially by 2030, yet pension penetration remains low. The EZ Pension Plan fills a critical gap by making retirement savings disciplined, flexible, and accessible online.
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