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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

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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

  • The team suggested me a good term plan

    Before selecting a plan, I explained to the team of InsuranceDekho everything about my requirements. On the basis of my requirements, the team of InsuranceDekho suggested that I buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    Y
    Yamini Garg
    On: Aug 25, 2022

  • Immediate results

    With the Canara HSBC OBC iSelect Smart plan on InsuranceDekho, I could find the best for myself. The website had all the information and was very efficient with all the data. Whatever I searched for was available immediately. This also provided a sense of security. I am highly satisfied with the results.

    P
    Prakash Rani
    On: Aug 23, 2022

  • Fulfillment of requirements

    With the Canara HSBC OBC iSelect Smart plan on InsuranceDekho, all my requirements were fulfilled. The website provided me with accurate information without any misleading facts.

    M
    Mohini Sikka
    On: Aug 22, 2022

  • The claim was settled on time

    The claim settlement of the Canara HSBC OBC iSelect Smart plan on InsuranceDekho was settled in a very easy-peasy manner. All I had to do was submit the relevant documents and raise the claim requested. Followed by this, everything was carried out smoothly. 

    D
    Deepika Sharma
    On: Aug 19, 2022

  • The plan offers umpteen benefits

    I was looking for a term plan that offers a slew of benefits at an affordable price. So, when I read about the benefits of the Canara HSBC OBC iSelect Smart plan, I simply couldn't stop myself from buying it instantly. I would even recommend others to invest in this amazing term plan. 

    M
    Manpreet Kaur
    On: Aug 18, 2022

  • Chat-box feature

    The chat box feature available on InsuranceDekho helped me to get answers to a lot of questions. So, I understood everything about the Canara HSBC OBC iSelect Smart plan and only then bought it from InsuranceDekho. 

    P
    Piyush Chawla
    On: Aug 17, 2022

  • The policy was renewed on time

    The process of issuing a policy on InsuranceDekho was extremely easy. It hardly took 5 minutes for the policy for Canara HSBC OBC iSelect Smart plan to be issued and I even received instant updates on my email id. 

    J
    Jaya Verma
    On: Aug 16, 2022

  • Easy claim settlement process

    The claim settlement process for the Canara HSBC OBC iSelect Smart plan was extremely easy. I just had to submit a few documents and the claim against the Canara HSBC OBC iSelect Smart plan was settled in a matter of no time. So, the overall claim settlement process for the Canara HSBC OBC iSelect Smart plan was easy.

    J
    Juhi Sinha
    On: Aug 12, 2022

  • I used the chat box feature

    The chat box feature available on InsuranceDekho was helpful in getting answers to the most common questions. I used this feature when I was buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    A
    Arjun Ganguly
    On: Aug 10, 2022

  • Chat box feature

    There is a chat-box feature available on InsuranceDekho with the help of which I was able to get answers to my questions. So, when buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho I used this feature and enjoyed a hassle-free buying experience.

    J
    Jyoti Agarwal
    On: Aug 09, 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.

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