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Canara HSBC Term Insurance User Reviews

153 reviews Rate This
Canara HSBC Term Insurance
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

50L
1Cr
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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
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Rating of Canara HSBC OBC
4.9
Based on
153 User reviews

  • Hassle-free claim settlement

    I filed a claim since I was insured with the Canara HSBC OBC Term Insurance that I bought from the InsuranceDekho website. The claim was settled easily and in no less time.  

    S
    Shalini Bose
    On: May 12, 2023

  • Affordable term plan

    The Canara HSBC OBC Term Insurance Policy available on InsuranceDekho is one of the most reasonably priced term plans. That's the sole reason why I decided to buy the plan from InsuranceDekho and nowhere else. 

    L
    Laiba Ahmed
    On: May 10, 2023

  • Policies for the family as well

    Canara HSBC OBC Term Insurance Policy is a simplified policy that I recently bought at InsuranceDekho. It covers me and my family and also has various additional healthcare expenses. Some of these include in-patient hospitalization expenses, pre-hospitalization expenses, post-hospitalization expenses, daycare expenses, road ambulance expenses, etc. 

    A
    Aryan Venkateshwara
    On: May 08, 2023

  • User-friendly website

     After visiting various websites my friends suggested to me InsuranceDekho from where I could select the best for me and then I bought the Canara HSBC OBC Term Insurance plan. The website was user-friendly and there was no disturbance while going through it. 

    S
    Shivansh Tyagi
    On: Apr 28, 2023

  • The plan was Good-to-go for me

    The Canara HSBC OBC Term Insurance Policy that I bought from the InsuranceDekho website is a good term insurance plan because it has amazing features and benefits. I am happy that I bought this plan and would recommend this to all. This plan is quite affordable and provides good coverage. 

    S
    Sharon Vargis
    On: Apr 21, 2023

  • Ease of Upgrading or Converting Policies

    InsuranceDEkho has the most lenient policy if you want to upgrade your policy. I wanted to amend some changes to my Canara HSBC OBC Term Insurance Policy. I could do it in easy steps and without any hassles. Thank you for keeping everything simple and easy. 

    M
    Maya Trivedi
    On: Apr 19, 2023

  • Top-rated by customers

    Whenever we buy anything, we first check the reviews. So, while buying my Canara HSBC OBC Term Insurance plan with the InsuranceDekho website I checked the reviews as well. I found out that the plan was highly recommended by other customers as well. Took me no time in buying the plan.

    R
    Ravi Botare
    On: Apr 17, 2023

  • I enjoyed a 100% digital experience

    I enjoyed a 100% digital experience when I was buying the Canara HSBC OBC Term Insurance plan from InsuranceDekho. The team members made this digital experience even more gratifying and thus I even recommend others to buy this plan through the online process.

    M
    Manav Reddy
    On: Apr 11, 2023

  • No middlemen required

    InsuranceDekho is one of the websites where you do not require any middlemen. I had a direct approach to the team and bought the Canara HSBC OBC Term Insurance Policy. I highly recommend this portal to anyone looking for a direct and transparent approach to their service.  

    M
    Manjeet Kochar
    On: Apr 07, 2023

  • Premium calculation made easy

    The InsuranceDekho website is easy to use. I found an online premium calculator tool to compare plans. The online tool was very easy to use and displayed several term plans according to my budget and requirements. After comparing, I chose the Canara HSBC OBC Term Insurance plan from their website. It was very easy for me to look for benefits and everything on their website 

    S
    Shreya Sah
    On: Apr 04, 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.

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