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Canara HSBC Life Insurance Benefits

173 reviews Rate This
Claim Settlement Ratio98.12% in FY 2019-20
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For1,252 Policies
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

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

Benefits of Canara HSBC Life Insurance

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 customer 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.

Latest News on Canara HSBC Life Insurance

  • Top Endowment Plan In India Right Now!

    Top Endowment Plan In India Right Now!

    An endowment policy is a type of life insurance coverage that includes an investment component as well as a death payment. It enables you to develop a sizable savings account for your family while also ensuring that they are financially secure in your abs
    By Shrida Gulati04 Mar 2022
  • Best Endowment Plan in 2021

    Best Endowment Plan in 2021

    Like other types of insurance, endowment policies are presently oversupplied on the market. A lot of factors must be examined while choosing the finest endowment insurance coverage. Individual requirements, current life stage, income, and risk appetite ar
    By Yamini Sharma03 Nov 2021
  • List of Latest Endowments Plans

    List of Latest Endowments Plans

    Endowment policies, like other types of insurance, are now oversupplied on the market. When it comes to selecting the best endowment insurance coverage, a number of criteria must be considered. Individual needs, present life stage, income, and risk appeti
    By Shrida Gulati19 Oct 2021
  • Best Endowment Plans In India

    Best Endowment Plans In India

    There are numerous endowment plans available on the market, each with its own set of features. Benefits can also be received in a variety of forms, including a lump sum, over a period of time, or for the rest of your life. Comparing the perks and deciding
    By Shrida Gulati28 Sep 2021
  • Top Companies Offering Unit Linked Insurance In India

    Top Companies Offering Unit Linked Insurance In India

    A unit-linked insurance plan (ULIP) is a type of life insurance that combines risk protection and investing. The performance of ULIPs is directly influenced by capital market movements. In a Unit Linked Policy, the investor typically bears the investment
    By Yamini Sharma30 Aug 2021
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Canara HSBC Life Insurance User Reviews

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What users are saying
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  • Investing in the Canara HSBC OBC Insurance Policy from InsuranceDekho is an investment in peace of mind. I can...

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    Canara HSBC
    By Zaid Khan
    On: Oct 18, 2023
  • Life insurance can be overwhelming, but InsuranceDekho made it reliable and reassuring. I read quite a few goo...

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    Canara HSBC
    By Manisha Bhatia
    On: Sep 29, 2023
  • I found the application process for my Canara HSBC OBC Insurance Policy to be efficient and straightforward. I...

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    Canara HSBC
    By Pallavi Saraswat
    On: Sep 25, 2023
  • If you care about your family's well-being, InsuranceDeko's Canara HSBC OBC Insurance Policy is essential. It'...

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    Canara HSBC
    By Vikas Gupta
    On: Sep 20, 2023
  • Their Canara HSBC OBC Insurance Policy included a comprehensive medical checkup, which helped me identify pote...

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    Canara HSBC
    By Geeta Agarwal
    On: Sep 14, 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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FAQ About Canara HSBC Life Insurance

  • 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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