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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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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
  • 5 minutes policy issuance

    The policy for the Canara HSBC OBC iSelect Smart plan was issued in a matter of no time. I just had to submit a few relevant documents and then completed the required steps. It was only then I bought the Pramerica Life Smart Income plan from InsuranceDekho. 

    J
    Jaya Sinha
    On: Nov 24, 2022
  • I got friendly suggestions

    I got valuable suggestions from the InsuranceDekho team when I was buying the Canara HSBC OBC iSelect Smart plan. The team helped me in suggesting a good term insurance plan and I am delighted with the purchase of the Canara HSBC OBC iSelect Smart plan. 

    H
    Harsh Goyal
    On: Nov 17, 2022
  • 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: Nov 08, 2022
  • The policy was renewed on time

    The Canara HSBC OBC iSelect Smart plan available on InsuranceDekho was renewed on time. I also got frequent reminders about the plan and thus was able to renew the Canara HSBC OBC iSelect Smart plan on time. 

    G
    Gitika Verma
    On: Nov 04, 2022
  • Affordable premium

    The premium for the Canara HSBC OBC iSelect Smart plan available on InsuranceDekho was very affordable. That's why I instantly bought it and even recommended it to my friends to invest in it. 

    R
    Rahul Garg
    On: Nov 03, 2022
  • Quick process

    The process of buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho happened quickly. The team of InsuranceDekho also helped me and made it possible for me to buy the Canara HSBC OBC iSelect Smart plan in just 5 minutes. 

    J
    Juhi Sinha
    On: Nov 02, 2022
  • I bought the plan from the comfort of my home

    I bought the Canara HSBC OBC iSelect Smart plan from the comfort of my home as I opted for a digital mode. I submitted all the documents online and it became quite convenient for me to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    G
    Gargi Shukla
    On: Oct 27, 2022
  • Affordable term plan

    The Canara HSBC OBC iSelect Smart plan available on InsuranceDekho matched my budget preference in the best way. I made use of the online term calculator to find out the premium of the Canara HSBC OBC iSelect Smart plan. 

    S
    Sneha Singh
    On: Oct 21, 2022
  • Multiple payment options

    On the website of InsuranceDekho, there are multiple payment modes available. So, when I was buying the Canara HSBC OBC iSelect Smart plan, I chose a convenient payment mode.

    A
    Amulya Srivastava
    On: Oct 13, 2022
  • Chatbox feature

    The chat-box feature available on InsuranceDekho helped me to get answers to all my questions about term plans. Finally, I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    U
    Urvashi Sharma
    On: Oct 12, 2022

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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.