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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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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

  • Wonderful Experience

    I had an amazing experience purchasing the Canara HSBC OBC Term Insurance from their official website. The services offered by the company during my overall purchase were totally worth it. I would definitely recommend their online platform to purchase a health insurance policy hassle-free. My heartful thanks to the customer support team for helping me throughout the process.  

    U
    Utkarsh Sharma
    On: Mar 29, 2023

  • Claim Settlement Ratio

    The InsuranceDekho website gives detailed information on the claim settlement ratio. It was good to know that the claim settlement ratio is the percentage of claims settled by an insurance company in a year. It's essential to choose an insurance company with a high claim settlement ratio, as it indicates their commitment to providing prompt and hassle-free claim settlements. Because of this, I was happy to go ahead with the purchase of the  Canara HSBC OBC Term Insurance plan from them.&nbs...

    L
    Lata Punj
    On: Mar 27, 2023

  • Prompt at reminding the customers

      The InsuranceDekho website has a reminder feature. I bought the Canara HSBC OBC Term Insurance Plan for myself sometime back from their website. I loved the plan so much for its benefits. Now, the plan needs to be renewed from time to time, for this, the reminder feature on their website keeps track and keeps reminding me from time to time to renew my policy. 

    R
    Rajesh Khurana
    On: Mar 22, 2023

  • Excellent services

      The services offered on the InsuranceDekho website are excellent. I went to their website to purchase the Canara HSBC OBC Term Insurance plan, the plan has a number of features and perks. I am satisfied with my buy. 

    P
    Pallavi Gaba
    On: Mar 20, 2023

  • Great customer service

    InsuranceDekho has a great customer care team where executives are always available at your service. All my doubts and issues were resolved by the team very patiently. All my questions while buying Canara HSBC OBC iSelect Smart plan were aptly answered by the executives who have complete knowledge about the plans.

    U
    Ujjwal Yadav
    On: Feb 10, 2023

  • Top insurance companies listed

    One of the best things about InsuranceDekho is that I was able to find a list of insurers based on their claim settlement ratio for the year. With the help of this information I was able to gain confidence to purchase a term plan from InsuranceDekho. I purchased Canara HSBC OBC iSelect Smart from InsuranceDekho. This plan provides whole life cover which is exactly what I was looking for.

    S
    Shivam Kukreja
    On: Feb 09, 2023

  • Secured payment modes

    All the payment modes available are safe and secured, so when I was buying the Canara HSBC OBC iSelect Smart plan on InsuranceDekho, payment modes were safe. Thus, while paying the Canara HSBC OBC iSelect Smart plan premium, I faced no problem. 

    A
    Anshu Soni
    On: Feb 03, 2023

  • Got friendly reminders

    The best part about buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho was that even after buying the plan, I used to get friendly reminders about it. I was notified about the due date for policy renewal and all the recent updates which made everything simpler.

    V
    Varsha Jain
    On: Jan 24, 2023

  • Got a suitable rider

    I purchased the Canara HBSC OBC term plan from InsuranceDekho a year ago and I wanted to modify my term plan to increase the coverage of my term plan so I visited InsuranceDekho to know about different riders available under this plan. From the information on the website, I chose Accelerated Critical Illness rider with my term insurance policy.

    K
    Kaushal Sahar
    On: Jan 13, 2023

  • Hassle-free claim settlement

    I filed a claim on the InsuranceDekho website as I was insured with the Canara HBSC OBC Term plan. The process was done without any complications and got my claim settled in very little time. Very happy with the service received by the team.

    M
    Mamta Khati
    On: Jan 10, 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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