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Canara HSBC Life Insurance Claim Settlement

Claim Settlement of Canara HSBC Life Insurance

Canara HSBC Life Insurance offers a simplified claim procedure that allows nominees/claimants to get the claim proceeds within one day. The process involves filling up the claim form and submitting the documents to the company in the quickest mode possible. Canara HSBC Life Insurance offers the facility of tracking your claim online. The company has achieved a claim settlement ratio of 98.12% for the financial year 2019-20.

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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
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4.9
Rating based on
175 User reviews
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What users are saying
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  • Affordable Policy

    Thank you InsuranceDekho for suggesting the Canara HSBC OBC Life Insurance Plan. I am loving my purchase of a life insurance policy through your online platform. It was very easy to compare the plans from InsuranceDekho’s website and choose the best one for myself. Thank You InsuranceDekho for the Canara HSBC OBC Life Insurance Policy.

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    S
    Canara HSBC
    By Shakti Kumari
    On: Feb 27, 2024
  • Easy to Compare Plans

    I was looking for some tools to compare the different Life insurance plans on InsuranceDekho. I used these tools to compare all the available life insurance plans and then finally bought the Canara HSBC OBC Life Insurance Plan from InsuranceDekho.

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    A
    Canara HSBC
    By Anisha Chauhan
    On: Dec 22, 2023
  • Investment in Peace of Mind

    Investing in the Canara HSBC OBC Insurance Policy from InsuranceDekho is an investment in peace of mind. I can now focus on living life to the fullest, knowing that my loved ones are protected.

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    Z
    Canara HSBC
    By Zaid Khan
    On: Oct 18, 2023
  • Reliable and Reassuring

    Life insurance can be overwhelming, but InsuranceDekho made it reliable and reassuring. I read quite a few good articles on the website before buying the Canara HSBC OBC Insurance Policy for my family. I know I'm in good hands.

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    M
    Canara HSBC
    By Manisha Bhatia
    On: Sep 29, 2023
  • Efficient Application Process

    I found the application process for my Canara HSBC OBC Insurance Policy to be efficient and straightforward. InsuranceDekho's platform made it easy to compare plans and choose the one that suited me best. Plus, their customer support was always available to answer my questions.

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    P
    Canara HSBC
    By Pallavi Saraswat
    On: Sep 25, 2023
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Claim Process at Canara HSBC Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • Does Canara HSBC Life Insurance offer an online claim procedure?

    No, Canara HSBC Life Insurance does not have an online claim procedure.

  • Where should the claimant submit the Canara HSBC Life Insurance claim forms?

    The claimant can send the forms and the documents by courier to the company head office. Alternatively, the forms can also be submitted at the respective branches of Canara Bank and Punjab National Bank.

  • Do the certificates require any attestation?

    Yes, the certificates should be attested by any of the following:

    • An Agent Or Relationship Manager of the company
    • A Branch Manager of the distributing bank OR a Branch manager of a nationalised bank
    • A gazetted officer, headmaster/principal of a government school, a magistrate, or an employee of the company

  • Is there any time frame for submission of the Canara HSBC Life Insurance claim documents?

    No, there is no time frame for submission of documents for claim.

  • How will the claimant receive the Canara HSBC Life Insurance claim amount?

    The claim amount will be credited to the bank account of the claimant.

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