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Canara HSBC 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

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

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.

  • How To Make Claim

    Canara HSBC Life Insurance Online Claim Settlement Process

    Canara HSBC 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 Life Insurance Offline Claim Settlement Process

    Canara HSBC 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 Life Insurance Claims

    Here is the exhaustive list of documents required for registering the Canara HSBC 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  Life Insurance can call for additional papers, if necessary. 

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Canara HSBC Life Insurance User Reviews

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What users are saying
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    Canara HSBC
    By Shakti Kumari
    On: Feb 27, 2024
  • I was looking for some tools to compare the different Life insurance plans on InsuranceDekho. I used these too...

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    By Anisha Chauhan
    On: Dec 22, 2023
  • 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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    M
    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

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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Canara HSBC Life Insurance Claim Settlement 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.

Canara HSBC Life Insurance Contact Details

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