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Canara HSBC Term Insurance User Reviews

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

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Choose required coverage to secure your family’s future

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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
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 95.28%
Starting From 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.39%
Starting From 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans
Rating of Canara HSBC OBC
4.9
Based on
153 User reviews
  • Time-saving process

    It hardly took 5 minutes for me to buy the Canara HSBC OBC Term Insurance from InsuranceDekho. Overall, the process of buying the plan was very quick and everything happened smoothly. 

    A
    Akansha Mishra
    On: Jul 04, 2023
  • No additional charges

    There were no additional changes involved when I was buying the Canara HSBC OBC Term Insurance from InsuranceDekho. As I completed all the required processes by myself, I did not require the help of an external agent. So, I was able to save on costs while buying the Canara HSBC OBC Term Insurance from InsuranceDekho.

    A
    Aarush Pratap
    On: Jun 20, 2023
  • Step-by-step process

    On buying, the Canara HSBC OBC Term Insurance from InsuranceDekho, I was satisfied with the entire process as the step-by-step process made everything much more manageable. I was able to buy the plan on time from the comfort of my home. 

    V
    Vivek Bhasin
    On: Jun 15, 2023
  • Chatbox feature

    On the InsuranceDekho website, there is a chat box feature available. When I purchased the Canara HSBC OBC Term Insurance from their website, I wasn't sure if it would provide all of the benefits that I expected from a life insurance policy. I used the chat box tool and received prompt responses to all of my inquiries

    K
    Kanak Sahni
    On: Jun 13, 2023
  • Excellent benefits were provided

    The Canara HSBC OBC Term Insurance Plan available on InsuranceDekho offered some unmatched benefits. From offering wider coverage to reasonably priced plans, the plan has everything I was looking for. 

    N
    Nishika Chopra
    On: Jun 08, 2023
  • The plan offered good coverage

    The Canara HSBC OBC Term Insurance on InsuranceDekho offered extremely wide coverage. A large group was covered under this plan, and this is the prime reason why I chose the Canara HSBC OBC Term Insurance over the other term plans. 

    N
    Naveen Saxena
    On: Jun 06, 2023
  • Chatbox feature

    The website of InsuranceDekho had a chat box feature which made it so much easier to get answers to most of the common queries. So, while I was buying the Canara HSBC OBC Term Insurance from InsuranceDekho, I found this feature to be very useful.  

    N
    Neesha Konar
    On: Jun 02, 2023
  • Unmatched customer service

    The best part about buying the Canara HSBC OBC Term Insurance from InsuranceDekho was that it offered excellent customer service. My queries were not only settled on time but I also received much-needed assistance from their team. 

    C
    Christopher
    On: May 30, 2023
  • Saved a Lot of Time

    My purchase of the Canara HSBC OBC Term Insurance from InsuranceDkho was quick and comfortable. I bought the term insurance policy within a few minutes. All the paperwork and premium payments were done online. I am pleased to be protected financially by this amazing insurance company. 

    A
    Abhinav Gupta
    On: May 26, 2023
  • Good-to-go plan

    The Canara HSBC OBC Term Insurance is really good. It has all those benefits that one expects from a good term insurance plan. I am happy and satisfied with it. I bought this plan from the InsuranceDekho website. - 

    O
    Odisha Sharma
    On: May 17, 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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FAQs

  • 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.