Canara HSBC Term Insurance Plans
Claim Settlement Ratio | 97.10% |
Death Benefit Paid For | 1,252 Policies |
Inception | 2008 |
Presence | 9,500 Branches |
Total Death Benefit Paid | 106.53 Crore |
Canara HSBC OBC Life Insurance company offers 3 term insurance plans. Canara HSBC OBC term insurance plans are known for providing life cover at a reasonable price. These plans not only provide life cover but also provide financial protection to you family members in case of your unforeseen demise during the policy term. With help of Canara HSBC OBC term insurance plan you can ensure that your family is financially secured in your absence.
Canara HSBC Term Insurance Plans
Canara HSBC OBC has 3 term insurance plans on the anvil for its customers situated across India.
1. Saral Jeevan Bima: Canara HSBC OBC Saral Jeevan Bima is a basic term insurance plan that offers a lump sum payment in case of an unfortunate demise of the life assured during the policy term. This plan protects you against the uncertainties of your life and provides financial assistance to your family so that your family meets their daily expenses. Under this plan you get the flexibility to choose your own policy term, premium term and premium payment frequency.
2. iSelect Star Term Plan: Canara HSBC OBC Life Insurance offers this exciting term plan with a whole life cover option. Besides, it allows you to enhance your life coverage, depending on your changing lifestyles. While offering premium payment options, this term insurance plan comes with features like the return of premium and in-built protection. Income tax benefits are also available as per the prevailing IT laws. Under this plan you can add your spouse in the policy. This plan offers multiple death benefit payout such as lump sum, monthly income or lump sum plus monthly income.
3. POS – Easy Bima Plan: Canara HSBC OBC Life Insurance offers a conventional term insurance plan with riders like double life cover in the event of accidental death. This plan also provides a return of the premium paid on the maturity of the policy. Income tax benefits are also available to customers.
Term Life Insurance Premium Calculator
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Best Canara HSBC Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
Canara HSBC Term Insurance Contact Details
Canara HSBC Term Insurance
1800-891-0003Mon to Sun 8:00 AM to 8:00 PM
Claim Process at Canara HSBC Term Insurance
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FAQs
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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.
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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.
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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.
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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.