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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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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
See More Plans
Rating of Canara HSBC OBC
4.9
Based on
153 User reviews
  • I was guided by experts

    The team of InsuranceDekho guided me in buying the Canara HSBC OBC iSelect Smart plan. They helped me in every possible way and made it so much easier to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    I
    Ishani Singh
    On: Sep 19, 2022
  • A list of top insurance companies is available

    On the website of Insurance, it was very easy to find a list of the top insurance companies. I read about the pros and cons of a number of plans as well on InsuranceDelho. Finally, I bought the Canara HSBC OBC iSelect Smart plan. 

    R
    Riddhima Kohli
    On: Sep 15, 2022
  • 24*7 customer service

    The team members of InsuranceDekho were available 24*7. They ensured that I could easily buy the Canara HSBC OBC iSelect Smart plan, and provided me with excellent customer support. 

    N
    Naitik Bansal
    On: Sep 12, 2022
  • The claim was settled on time

    I am glad that I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho as everything with them is so much easy. When I had to raise a claim against the Canara HSBC OBC iSelect Smart plan on InsuranceDekho, I was easily able to do so. I even sought help from the team of InsuranceDekho for further clarity about the process. 

    U
    Urvashi Arora
    On: Sep 09, 2022
  • Online term calculator

    An online tool like the term calculator available on InsuranceDekho is extremely useful. The term calculator helped me in calculating the premium for all the available plans. Finally, I decided to buy the Canara HSBC OBC iSelect Smart plan as it matched my budget preference. 

    D
    Deepika Singh
    On: Sep 07, 2022
  • Hassle-free process

    When it comes to buying a term insurance plan, I would say that one should make the purchase from InsuranceDekho. This is because when I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho, the process was extremely hassle free and I was easily able to buy the Canara HSBC OBC iSelect Smart plan with them. 

    P
    Pragya Tiwari
    On: Sep 05, 2022
  • A good plan to secure future

    The Canara HSBC OBC iSelect Smart plan available on InsuranceDekho is one of the best term plans in my opinion. The Canara HSBC OBC iSelect Smart plan not only offers good coverage but is also available at a very reasonable price. Overall, the Canara HSBC OBC iSelect Smart plan is a good plan for budget buyers.

    N
    Nikita Singh
    On: Sep 02, 2022
  • The best plan to secure the family

    The Canara HSBC OBC iSelect Smart plan available on InsuranceDekho is one of the best term plans. I decided to buy the Canara HSBC OBC iSelect Smart plan as this plan matched both my requirements as well as my budget. 

    A
    Aman Verma
    On: Sep 01, 2022
  • Secured payment modes

    There are multiple payment modes available on InsuranceDekho. So, when I was paying for the Canara HSBC OBC iSelect Smart plan on the InsuranceDekho platform, I genuinely faced no inconvenience. The payment modes were also safe and secured. 

    M
    Muskan Verma
    On: Aug 30, 2022
  • I got friendly reminders

    The best part about buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho is that I used to get friendly reminders. Be it a reminder about the policy renewal date or any other update, the team of InsuranceDekho made sure to give me friendly reminders. 

    T
    Tina Dikshit
    On: Aug 29, 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.