Canara HSBC OBC Term Insurance Benefits
|Claim Settlement Ratio||97.10%|
|Customer Care||8:00 AM to 8:00 PM|
|Death Benefit Paid For||1,252 Policies|
|Total Death Benefit Paid||106.53 Crore|
Benefits of Canara HSBC OBC 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.
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Canara HSBC OBC Term Insurance Plan List
|Name of Plan||Sum Assured|
|iSelect Star Term Plan||20 lac - 10 cr||Get Quotes Now|
Canara HSBC OBC Term Insurance User Reviews
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Canara HSBC OBC Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Canara HSBC OBC Term Insurance1800-891-0003Mon to Sun 8:00 AM to 8:00 PM
Claim Process at Canara HSBC OBC Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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.