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Canara HSBC OBC Life Insurance Claim Settlement

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Highlights
Claim Settlement Ratio98.12% in FY 2019-20
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For1,252 Policies
Inception2008
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

Claim Settlement of Canara HSBC OBC Life Insurance

Canara HSBC OBC 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 OBC 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.

  • How To Make Claim

    Canara HSBC OBC Life Insurance Online Claim Settlement Process

    Canara HSBC OBC Life Insurance does not offer an online claim settlement. The nominee or the claimant can download the death application form online and complete the formalities. 

    Canara HSBC OBC Life Insurance Offline Claim Settlement Process

    Canara HSBC OBC Life Insurance stipulates a simple claim settlement process. Inform the insurance company about the policyholder’s death. The death application form is available online. Fill and sign the form and it along with the stipulated documents to the company. You can visit the respective bank branches or courier the documents to the company head office. On registering the claim, the company verifies the documents and decides on the claim within one working day.  

  • Documents Required

    Documents Required for Canara HSBC OBC Life Insurance Claims

    Here is the exhaustive list of documents required for registering the Canara HSBC OBC Life Insurance claim.

    Claim Type

    Documents Required

    Natural Death Claim

    • Death Claim Form (Form C) – To be filled by the valid claimant.
    • Physician's Statement (Form P) – To be filled by the medical practitioner who attended the deceased.
    • Treating Hospital Certificate (Form H) if the deceased was treated at a hospital before the death
    • Employer Certificate (Form E) (completed by the deceased’s employer) OR School/College Certificate (Form S) (in case of a minor)
    • Original Policy Document
    • Death Certificate issued by the Municipal Authorities
    • Copy of the Bank Passbook and cancelled cheque
    • Hospital and other treatment records
    • Photo ID and residential address proof of the claimant
    • Physician’s Statement

    Unnatural Death Due to Accident

    The following additional documents are essential for processing the claim.

    • Police records, including FIR, Panchanama, Police Investigation Report, Viscera Report)
    • Newspaper Cutting (if available) detailing the incident

    Besides the above documents, Canara HSBC OBC Life Insurance can call for additional papers, if necessary. 

Term Life Insurance Premium Calculator

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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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Canara HSBC OBC Life Insurance User Reviews

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What users are saying
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  • Impressive Customer care

    While buying the Canara HSBC OBC Insurance Plan from the InsuranceDekho website, I was having some trouble wit...

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    M
    Canara HSBC OBC
    By Mansi Joshi
    On: Mar 29, 2023
  • Found a good savings plan

      I purchased the Canara HSBC OBC Insurance policy from InsuranceDekho. I found this plan while scouting...

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    S
    Canara HSBC OBC
    By Suraj Chandra
    On: Mar 24, 2023
  • I got the best benefits

      I bought the Canara HSBC OBC Insurance Plan from the InsuranceDekho website. The plan is good to go an...

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    A
    Canara HSBC OBC
    By Aanya Viraj
    On: Mar 22, 2023
  • Various plans to choose from

      The InsuranceDekho website has a large number of plans to choose from. After viewing all of those, I p...

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    T
    Canara HSBC OBC
    By Tammana Puri
    On: Mar 17, 2023
  • Helpful team

      The team at the InsuranceDekho website is very helpful. I recently bought the Canara HSBC OBC Insuranc...

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    Canara HSBC OBC
    By Naina Kohli
    On: Mar 15, 2023

Claim Process at Canara HSBC OBC 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.

Canara HSBC OBC Life Insurance Claim Settlement FAQs

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

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

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

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

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

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

Canara HSBC OBC Life Insurance Contact Details

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