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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
  • Relevant information was available on the website

    The website of InsuranceDekho is extremely user-friendly and has a lot of information that I wanted to know before buying the Canara HSBC OBC iSelect Smart plan. So, I explored the different sections of this website and then proceeded to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    T
    Tanya Yadav
    On: Oct 06, 2022
  • Budget-friendly term plan

    Whenever I buy an insurance policy, one thing that matters most to me is the price. When I was exploring different plans on the InsuranceDekho website, I came across the Canara HSBC OBC iSelect Smart plan that best suited my budget. So, I was instantly convinced to buy the policy.

    S
    Seema Sahay
    On: Sep 30, 2022
  • Was able to buy the plan from the comfort of my home

    The added benefit of buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho was that I was able to plan from the comfort of my home. So, without even having to step out of the house, I was able to buy such an amazing plan. 

    S
    Shreya Dikshit
    On: Sep 29, 2022
  • I was able to include riders

    When I was buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho, I was easily able to add riders to the plan. So, that is why I easily customized the Canara HSBC OBC iSelect Smart plan according to my needs. 

    M
    Manisha Gupta
    On: Sep 28, 2022
  • Useful plan

    I have been looking for a perfect term insurance plan for a long time. But, when I came across the Canara HSBC OBC iSelect Smart plan at InsuranceDekho, I was relieved as this is one of the most useful plans that I have ever thought of.

    S
    Shivani Singh
    On: Sep 27, 2022
  • Safe investment option

    I decided to buy a term plan because the market risk involved in it is very low. So, investing in a term plan is an easy option. So, I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    R
    Rishabh Jain
    On: Sep 26, 2022
  • Effortless service

    The dedication with which the team of InsuranceDekho guided in buying the Canara HSBC OBC iSelect Smart plan is truly commendable. With their constant support, buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho felt like a breeze. 

    G
    Gargi Shukla
    On: Sep 23, 2022
  • A must-buy plan

    Out of the many term insurance plans available, I must say that the Canara HSBC OBC iSelect Smart plan is a must-buy plan. The plan has so much to offer and that too at a very affordable price. 

    A
    Amulya Srivastava
    On: Sep 22, 2022
  • Enjoyed 100% digital experience

    I decided to buy the Canara HSBC OBC iSelect Smart plan through an online mode. The online mode not made the overall process easy but also enabled me to enjoy a 100% digital experience.

    S
    Shruti Malhotra
    On: Sep 21, 2022
  • Chat box feature

    On the InsuranceDekho website, there is a chat box feature available. When I purchased the Canara HSBC OBC iSelect Smart plan 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. 

    I
    Ishika Negi
    On: Sep 20, 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.