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Canara HSBC Term Insurance Benefits

150 reviews Rate This
Claim Settlement Ratio97.10%
Death Benefit Paid For1,252 Policies
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

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

Best Canara HSBC Term Insurance Plans

1 Crore
1.5 Crore
    Tax Free
    1 Cr
Starting From 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
See More Plans

Benefits of Canara HSBC Term Insurance

Canara HSBC OBC Life insurance is one of the leading life insurance providers in India. The company is a customer-centric insurance provider which provides insurance products that are curated specifically to fulfill different needs of different people. The term plans offered by Canara HSBC OBC Life Insurance are affordable. The insurance company aims to provide top-notch services to its customers.

Canara HSBC OBC Term Insurance Benefits

These benefits of Canara HSBC OBC term insurance should explain why this plan is a sought-after product amongst its customers.

1. Financial Protection: Canara HSBC OBC term insurance plans offer financial protection to your family even if you are not around. Canara HSBC OBC term insurance plans offer financial protection to your family in difficult times. In case of your unfortunate demise during the policy term a death benefit is payable to your family member, this helps you ensure that your family financially unbothered and are able maintain a good lifestyle even in your absence.

2. Economical Premium Rates: Canara HSBC OBC term insurance plans are affordable. These plans provide high coverage at a reasonable price. Canara HSBC OBC created these term plans to cater to every individual’s requirements that fit within their budget.

3. Spouse Coverage: Canara HSBC OBC Life Insurance considers your spouse as an integral part of your term policy. Thus, it provides maximum coverage to both of you against financial uncertainties. Under Canara HSBC OBC term insurance you get the option to add your spouse in the same policy.

4. Accidental Death Coverage: iSelect Star Term Plan and POS - Easy Bima plan accidental death coverage. In case you pass away in an accident during the policy term your family members will receive a lump sum amount which helps them to fulfil their daily requirements and fulfil their dreams even in your absence. The POS-Easy Bima Plan goes one step further to provide double coverage in the case of death by accident.

5. Protects Family Interest: By providing you with a return of premium offer, Canara HSBC OBC Life Insurance protects your family's welfare. Besides, the plan offers your family an option to receive monthly income instead of a lump sum amount to meet their recurring financial requirements.

6. Increased Coverage as You Age: The Canara HSBC OBC Life Insurance term insurance plan offers the facility of increasing the coverage by 25% after every five years, depending on your ageing requirements. Thus, your overall sum assured becomes double at the end of the policy term.

Canara HSBC OBC Term Insurance User Reviews

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    Canara HSBC OBC
    By Sachin Kumar
    On: Sep 25, 2023
  • I had to make a claim on my InsuranceDekho’s Canara HSBC OBC Term Insurance, and I was amazed at how qui...

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    Canara HSBC OBC
    By Shristi Ahuja
    On: Sep 20, 2023
  • The documentation process for InsuranceDekho's Canara HSBC OBC Term Insurance is straightforward and user-frie...

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    Canara HSBC OBC
    By Suman Gupta
    On: Sep 11, 2023
  • The InsuranceDekho website has a list of all the top insurance companies which helped me look for an appropria...

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    Canara HSBC OBC
    By Kalyan Ghosh
    On: Sep 04, 2023
  • I had some trouble purchasing the Canara HSBC OBC Term Insurance from the website. I contacted the help desk o...

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    Canara HSBC OBC
    By Yogesh Bidani
    On: Aug 11, 2023
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Canara HSBC Term Insurance Contact Details

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Claim Process at Canara HSBC 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 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.

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