Canara HSBC Life Insurance FAQs

Canara HSBC Life Insurance child insurance plans are tailored to protect the financial interests of the child and take care of its educational needs even after the unfortunate demise of the policyholder.

Canara HSBC Life Insurance understands the Indian customer’s savings mentality. Hence, it has introduced numerous savings plans to satisfy the requirements of a wide range of clients situated all over India.

Canara HSBC Life Insurance offers a massive range of insurance products to cater to the requirements of every segment of society.

Canara HSBC Life Insurance uses the services of Canara Bank and Punjab National Bank extensive branch network to reach out to its vast clientele.

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

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

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.

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

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.

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.

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

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

Canara HSBC Life Insurance offers various premium payment options like monthly payments, quarterly, half-yearly, and annual payments.

The Canara HSBC Life Insurance Group Credit Secure Plan ensures that the family members of the deceased insured need not pay the loan liabilities of the insured member.

Yes, the insurer provides 4 popular plans online. They are iSelect Star Term Plan, Invest 4G Plan, Guaranteed Savings Plan, and Health First Plan.

The best advantage of the Canara HSBC Life Insurance Term Insurance Plan is that you can opt for high insurance cover at a low premium.

Yes, the term insurance plans do not have a maturity amount. Hence, the premium is lower compared to endowment plans.

It doesn’t need to be filled in the premium calculator but if you are a smoker then you should inform the company before taking the policy as they may change your premium from the calculated value. Withholding the smoking habit can lead to policy being held null and void.

The policyholder's age, sum assured, policy term, gender, and the type of plan affect the insurance premium amount.

No, the procedure for calculating the premium is the same, and each plan just needs changing in the details to calculate the premium.