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Canara HSBC Life Insurance Benefits

Canara HSBC Oriental Bank of Commerce Life Insurance brings together three financial behemoths to form a conglomerate that has recently won the Life Insurance Company of the Year Award 2020. The three giants include Canara Bank, a prominent nationalised bank in India, Punjab National Bank, and HSBC Insurance (Asia Pacific) Holdings Limited. The company has been in the insurance sector since 2008 and ranks amongst the top insurance providers in India today. Canara HSBC Life Insurance offers an exciting range of life insurance policies to its vast clientele situated across India.

Canara HSBC Life Insurance Benefits

Here are some of the benefits of Canara HSBC Life Insurance products.

  • Bouquet Of Insurance Products: Canara HSBC Life Insurance has a remarkable presence all over India because of the extensive banking network of its parent organisations, Canara Bank, and Punjab National Bank. The company offers a fantastic range of insurance products to suit the demands of every customer situated in the metro, urban, or rural areas.
  • Excellent Customer Service Record: Canara HSBC Life Insurance puts its customers above everything else when designing the products. They believe in treating the customer in the way the customer would like to be treated. Some of the virtues include fairness, consistency, agility, and flexibility.
  • Excellent Claims Settlement Ratio: Canara HSBC Life Insurance has maintained a successful claims settlement ratio over the years. The claims settlement ratio for the year 2019-20 is as high as 98.12%.
  • Facility To Renew Lapsed Policies Online: Canara HSBC Life Insurance is the first organisation to introduce the online system of reviving lapsed policies. Customers can pay their premiums online and renew their lapsed policies.
  • Easy Premium Payment Options: Canara HSBC Life Insurance offers facilities to renew life insurance policies online. The procedure is a straightforward one. Besides, customers can visit the bank branches and pay the premium in cash/cheque to get their policies renewed on time.

Conclusion

After getting the idea of Canara HSBC Life Insurance benefits, you may use the Canara HSBC premium calculator to calculate the premiums so that you can choose a plan that suits your needs as well as premium stays pocket-friendly.

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
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User Reviews

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What users are saying
  • All
  • 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.

    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.

    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.

    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.

    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.

    P
    Canara HSBC
    By Pallavi Saraswat
    On: Sep 25, 2023

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

  • How do customers apply for the online insurance plans offered by Canara HSBC Life Insurance?

    Customers can access the official website of Canara HSBC Life Insurance and apply for online insurance. 

  • What is the USP of Canara HSBC Life Insurance plans?

    Canara HSBC Life Insurance is the pioneer when it comes to reviving lapsed policies online. 

  • What is the overall reach of Canara HSBC Life Insurance?

    Canara HSBC Life Insurance has an extensive branch network throughout India because the company uses the vast network of more than 9,500 bank branches to reach out to its customers. 

  • What are the unique attributes of Canara HSBC Life Insurance customer service?

    Canara HSBC Life Insurance believes in treating the customers like they want to be treated, with fairness and consistency. The company concentrates on delivering its services with tremendous agility.

  • What are the different kinds of plans on offer from Canara HSBC Life Insurance?

    Canara HSBC Life Insurance offers a range of insurance plans like savings plans, term insurance plans, child plans, health plans, investment plans, group insurance plans, etc. 

Canara HSBC Life Insurance Contact Details

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