Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Canara HSBC Term Insurance FAQs

153 reviews Rate This
Highlights
Claim Settlement Ratio97.10%
Death Benefit Paid For1,252 Policies
Inception2008
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
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
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.01%
Starting From 697/Month
Claim Settlement 4hr Claim Settlement
Key Features:
  • Right Green Tick Annual Health Checkup
  • Right Green Tick Terminal illness
See More Plans

Benefit

  • What is the free-look period offered for Canara HSBC OBC term insurance plans?

    Canara HSBC OBC Life insurance offers a 15 days free-look period under which the policyholder can choose to cancel/return in case he/she does not abide by the terms and conditions or are unsatisfied with the policy.

  • What is the grace period offered for Canara HSBC OBC term insurance plans?

    Canara HSBC OBC Life Insurance provides 15 days of grace period for monthly premium payment and 30 days for quarterly, half-yearly or yearly premium payment from the date of due unpaid premium.

  • Is policy loan facility available under Canara HSBC OBC term insurance plans?

    No, loan against the policy is not allowed under Canara HSBC OBC term insurance plans.

  • Is suicide covered under Canara HSBC OBC term insurance plans?

    No. suicide is not covered under the Canara HSBC OBC term insurance plans. If the life assured commits suicide within first 12 months from the date of policy issuance, the insurance company shall provide 80% of the total premiums paid till the date of life assured’s death.

  • Why should I choose Canara HSBC OBC Term Insurance ?

    Canara HSBC OBC Life Insurance has featured a high claim settlement ratio of 98.12% in the FY 2019-20. Canara HSBC OBC Life Insurance offers affordable term insurance plans which provide high cover and also provide financial protection to your family in desperate times.

Claim Settement

  • How long does it take for Canara HSBC OBC Life Insurance to honour the claim?

    The Canara HSBC OBC processes almost all claims up to Rs 1 crore within one working day.

  • Who can lodge the Canara HSBC OBC Life Insurance claim?

    The nominee should lodge the term insurance claim for a Canara HSBC OBC term insurance.

  • How does Canara HSBC OBC Life Insurance pay the claim amount?

    The claim amount for a Canara HSBC OBC term policy is credited to the bank account provided by the nominee.

  • Should the photocopies of documents be attested when lodging the Canara HSBC OBC Life Insurance claim?

    Yes, the photocopies of documents should be attested by the concerned authorities for a Canara HSBC OBC term policy claim.

  • What happens if the nominee in the Canara HSBC OBC Life Insurance policy is not alive?

    The next legal heirs to the nominee in a Canara HSBC OBC term policy can file the claim subject to the completion of official formalities.

Over View

  • 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.

Plans

  • What are the documents required to purchase Canara HSBC OBC term insurance plans?

    While purchasing Canara HSBC OBC term insurance plan you will require proof of address and photo ID proof such as Aadhaar Card, PAN Card, Voter ID, Driving License etc. and passport size photographs.

  • What are the different premium payment modes available for Canara HSBC OBC Term Insurance plans?

    Different premium payment modes available for Canara HSBC OBC term insurance plans are as following:

    • Cash
    • Demand Draft
    • Debit/Credit Card
    • Net Banking

  • What are the optional in-built coverage available under Canara HSBC OBC iSelect Star Term Plan?

    Optional in-built coverages available under Canara HSBC OBC iSelect Star Term Plan are Accidental Death Cover and Accidental Total and Permanent Disability Cover.

  • What is the claim settlement ratio of Canara HSBC OBC Life Insurance?

    Canara HSBC OBC Life Insurance has featured a high claim settlement ratio of 98.12% in the FY 2019-20.

  • What are the death benefits payout options offered under Canara HSBC OBC iSelect Star Term Plan?

    Different death benefits payout options available under Canara HSBC OBC iSelect Star Term Plan are lump sum, monthly income and part lump sum and part monthly income.

Premium Calculator

  • Does Canara HSBC OBC offer different premium calculators for different plans?

    No, the necessary information for all the plans is the same. However, each plan has its unique features. The premium calculator for each plan is the same only policy type in which the details entered needs to be changed.

  • How does the policyholder’s age determine the calculation in the Canara HSBC OBC Life Insurance premium calculator?

    The older you are, the higher is the premium for a specific sum assured and policy term.

  • Do I have to declare my smoking habits when using the Canara HSBC OBC Life Insurance premium calculator?

    Yes, the Canara HSBC OBC premium calculator by InsuranceDekho does ask for the smoking details. Before purchasing the policy you should disclose it to the company and it can affect the premium. Not disclosing it may lead to penalty and even the entire policy cover being scrapped.

  • Why should I use the Canara HSBC OBC Life Insurance premium calculator?

    Using the Canara HSBC OBC premium calculator helps you decide by providing the correct premium amount instantly. The knowledge of the right premium amount helps you make an informed decision.

  • How do the riders affect the premium calculation in the Canara HSBC OBC Life Insurance premium calculator?

    The more the number of riders you add, the higher is the overall premium in the term insurance plan offered by Canara HSBC OBC.

User Reviews

Write your review
What users are saying
  • All
  • An amazing place to buy a term insurance policy. It was a nice experience with the customer service staff of t...

    Read More
    N
    Canara HSBC OBC
    By Nisha Yadav
    On: Feb 27, 2024
  • From browsing policies to buying the Canara HSBC OBC Term Insurance- iSelect Star Term Plan, the entire proces...

    Read More
    A
    Canara HSBC OBC
    By Ashok Shaliwal
    On: Sep 29, 2023
  • The customer support at InsuranceDekho is top-notch. They answered all my queries promptly and helped me choos...

    Read More
    S
    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...

    Read More
    S
    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...

    Read More
    S
    Canara HSBC OBC
    By Suman Gupta
    On: Sep 11, 2023
Must BuyMust Buy

Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers

Term Insurance News

Canara HSBC Term Insurance Contact Details

Reach us for help anytime

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.

Best Insurance Advisors in Your City.

Find the right Canara HSBC Term Insurance for you