Canara HSBC OBC Life Insurance FAQs
|Claim Settlement Ratio||98.12% in FY 2019-20|
|Customer Care||8:00 AM to 8:00 PM|
|Death Benefit Paid For||1,252 Policies|
|Total Death Benefit Paid||106.53 Crore|
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How has Canara HSBC OBC Life Insurance managed to reach out all over India?
Canara HSBC OBC Life Insurance uses the services of Canara Bank and Punjab National Bank extensive branch network to reach out to its vast clientele.
What is the USP of Canara HSBC OBC Life Insurance products?
Canara HSBC OBC Life Insurance offers a massive range of insurance products to cater to the requirements of every segment of society.
Why does Canara HSBC OBC Life Insurance offer a multitude of savings plans?
Canara HSBC OBC 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.
How are the Canara HSBC OBC Life Insurance child insurance plans beneficial?
Canara HSBC OBC 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.
Does investing in Canara HSBC OBC Life Insurance products enable customers to save on income tax?
Yes, income tax benefits are available on Canara HSBC OBC Life Insurance premium payments according to Section 10 and Section 80C of the IT Act.
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.
How do customers apply for the online insurance plans offered by Canara HSBC OBC Life Insurance?
Customers can access the official website of Canara HSBC OBC Life Insurance and apply for online insurance.
What is the USP of Canara HSBC OBC Life Insurance plans?
Canara HSBC OBC Life Insurance is the pioneer when it comes to reviving lapsed policies online.
What is the overall reach of Canara HSBC OBC Life Insurance?
Canara HSBC OBC 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 OBC Life Insurance customer service?
Canara HSBC OBC 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 OBC Life Insurance?
Canara HSBC OBC Life Insurance offers a range of insurance plans like savings plans, term insurance plans, child plans, health plans, investment plans, group insurance plans, etc.
What is the advantage of the Canara HSBC Oriental Bank Of Commerce Life Insurance Term Insurance Plan?
The best advantage of the Canara HSBC Oriental Bank Of Commerce Life Insurance Term Insurance Plan is that you can opt for high insurance cover at a low premium.
How does the credit-linked Canara HSBC Oriental Bank Of Commerce Life Insurance term insurance plan prove useful?
The Canara HSBC Oriental Bank Of Commerce 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.
Can customers purchase Canara HSBC Oriental Bank Of Commerce Life Insurance plans online?
Yes, the insurer provides 4 popular plans online. They are iSelect Star Term Plan, Invest 4G Plan, Guaranteed Savings Plan, and Health First Plan.
What are the Canara HSBC Oriental Bank Of Commerce Life Insurance premium payment options?
Canara HSBC Oriental Bank Of Commerce Life Insurance offers various premium payment options like monthly payments, quarterly, half-yearly, and annual payments.
What are the most popular plans offered by Canara HSBC Oriental Bank Of Commerce Life Insurance?
Of all the plans offered by Canara HSBC Oriental Bank Of Commerce Life Insurance, the Money Back Advantage Plan is one of the most popular.
Does each Canara HSBC OBC Life Insurance policy have a separate premium calculator?
No, the procedure for calculating the premium is the same, and each plan just needs changing in the details to calculate the premium.
What are the primary factors that affect the Canara HSBC OBC Life Insurance premium amount?
The policyholder's age, sum assured, policy term, gender, and the type of plan affect the insurance premium amount.
How smoking habits affect Canara HSBC OBC Life Insurance premium calculation?
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.
Is the premium for a Canara HSBC OBC Life Insurance term insurance policy different from the endowment plan?
Yes, the term insurance plans do not have a maturity amount. Hence, the premium is lower compared to endowment plans.
Why should one use the Canara HSBC OBC Life Insurance premium calculator?
Canara HSBC OBC premium calculator provides accurate information on the premium you have to pay, thereby enabling you to make smart decisions.
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Canara HSBC OBC Life Insurance User Reviews
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Claim Process at Canara HSBC OBC Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf 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 Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Canara HSBC OBC Life Insurance1800-891-0003Mon to Sun 8:00 AM to 8:00 PM