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Canara HSBC OBC Term Insurance

84 reviews Rate This
Highlights
Claim Settlement Ratio97.10%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For1,252 Policies
Inception2008
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

About Canara HSBC OBC Term Insurance

Canara HSBC Oriental Bank of Commerce is a joint venture between Canara Bank, Punjab National Bank, and HSBC Insurance (Asia Pacific) Holdings Limited, offers a variety of insurance plans, including term insurance. The company was founded in 2008, since then it has been one of the leading life insurance providers in India. The USP of Canara HSBC OBC Life Insurance term insurance plans is that they provide substantial insurance coverage for extended periods for low premiums.

Canara HSBC OBC Life Insurance company values its customers. The company has tailored insurance plans to fulfill different requirements of different people. Canara HSBC OBC Life Insurance company is customer-centric company, the company aims at providing best-in-class services to its customers.

List of Canara HSBC OBC Term Insurance Plans

Following are the term insurance plans offered by Canara HSBC OBC Life Insurance:

  1. Saral Jeevan Bima
  2. iSelect Star Term Plan
  3. POS - Easy Bima Plan

Term Life Insurance Premium Calculator

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

Canara HSBC OBC Term Insurance Plan List

    Name of PlanSum Assured
    iSelect Star Term Plan20 lac - 10 cr Get Quotes Now

    Popularly Opted Term Insurance Sum Assured

    Canara HSBC OBC Term Insurance User Reviews

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    What users are saying
    • All
    • 5 minutes policy issuance

      The policy for the Canara HSBC OBC iSelect Smart plan was issued in a matter of no time. I just had to submit ...

      Read More
      J
      Canara HSBC OBC
      By Jaya Sinha
      On: Nov 24, 2022
    • I got friendly suggestions

      I got valuable suggestions from the InsuranceDekho team when I was buying the Canara HSBC OBC iSelect Smart pl...

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      H
      Canara HSBC OBC
      By Harsh Goyal
      On: Nov 17, 2022
    • Secured payment modes

      All the payment modes available are safe and secured, so when I was buying the Canara HSBC OBC iSelect Smart p...

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      A
      Canara HSBC OBC
      By Anshu Soni
      On: Nov 08, 2022
    • The policy was renewed on time

      The Canara HSBC OBC iSelect Smart plan available on InsuranceDekho was renewed on time. I also got frequent re...

      Read More
      G
      Canara HSBC OBC
      By Gitika Verma
      On: Nov 04, 2022
    • Affordable premium

      The premium for the Canara HSBC OBC iSelect Smart plan available on InsuranceDekho was very affordable. That's...

      Read More
      R
      Canara HSBC OBC
      By Rahul Garg
      On: Nov 03, 2022

    Claim Process at Canara HSBC OBC Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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    FAQ About Canara HSBC OBC Term Insurance

    • What is the maximum policy term under Canara HSBC OBC Life Insurance term insurance plans?

      The maximum policy term under the iSelect Star Term Plan is 62 years, except for the whole life coverage where it is fixed at 99 years minus the age of the policyholder at entry. Under the POS Easy Bima Plan, it is 20 years.

    • When should be the ideal time to purchase a Canara HSBC OBC Life Insurance term insurance policy?

      It depends on the situation. Students can go for a term insurance policy when entering college to guard against liabilities like education loans. The perfect time to do so is between 33 to 40 years as it secures your family against financial risks. However, anyone between 18 and 65 years can avail the term insurance policy.

    • Is there any maximum amount of insurance in the Canara HSBC OBC Life Insurance term insurance policy?

      In the case of the POS -Easy Bima Plan, it is Rs 15 lakhs. In the iSelect Star Term Insurance policy, it is Rs 3 crores for Accidental Death Benefit policies and Rs 1 crore for Accidental Total Partial Disability policies.

    • What is the maximum maturity age in the Canara HSBC OBC Life Insurance term insurance policy?

      In the case of the whole life coverage plan, it is 99 years, whereas, for the standard insurance plan, it is 80 years for the maturity of a Canara OBC term insurance policy.  

    • What is the prime benefit of obtaining a Canara HSBC OBC Life Insurance term insurance policy?

      The prime benefit available at Canara HSBC OBC is that you can insure your life for a high sum by paying a low premium.

    Canara HSBC OBC Term Insurance Contact Details

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