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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

  • Quick process

    The process of buying the Canara HSBC OBC iSelect Star Term plan from InsuranceDekho hardly took a few minutes. I just had to submit a few documents and complete all the relevant information for buying the Canara HSBC OBC iSelect Star Term plan from InsuranceDekho. Thank you InsuranceDekho for making everything so easy. 

    K
    Kavita Mathur
    On: Aug 05, 2022

  • Offers wide coverage

    I decided to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho as this plan offers wide coverage. Moreover, this plan is also reasonably priced so I did not have to think twice about buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho.

    P
    Prakash Mehta
    On: Aug 05, 2022

  • Chatbox feature

    There was a chatbox feature available on InsuranceDekho. I used this online tool extensively to get answers to most of the questions and then proceeded with buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho with ease. 

    H
    Harshita
    On: Aug 04, 2022

  • Online process

    On buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho, I was given the option of either buying the policy through an online mode or offline mode. I chose the online mode as I wanted to buy the Canara HSBC OBC iSelect Smart plan from the comfort of my home. 

    K
    Kundan Sharma
    On: Aug 03, 2022

  • The reminder feature was available

    There was a reminder feature on the website of InsuranceDekho with the help of which I was able to receive constant reminders about all the necessary updates. I even got friendly reminders about the policy renewal date when I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    S
    Sonam Jain
    On: Aug 02, 2022

  • The claim settlement ratio details were available

    The claim settlement ratio is very crucial in understanding the reliability of any insurance company. So, I was keen to find information related to it. When I got CSR information, only then I bought the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    P
    Payal Kashyap
    On: Aug 01, 2022

  • Chatbox feature

    I had a few common questions in my mind before I was buying a term insurance plan. With the help of the chat-box feature available on InsuranceDekho, I was able to get answers to most. Then, I was able to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. 

    M
    Muskan Malhotra
    On: Jul 29, 2022

  • Online term calculator

    There was an online term calculator available on the website of InsuranceDekho that helped me in calculating the premium for different term plans. I used this feature extensively and finally decided to buy the Canara HSBC OBC iSelect Smart plan as it fitted my budget. 

    P
    Priya Sharma
    On: Jul 27, 2022

  • This term plan helps to secure the future

    I was suggested by one of my friends to buy a term plan as it can be the best to safeguard the interest of my loved ones. That’s why I chose to buy the Canara HSBC OBC iSelect Smart plan from InsuranceDekho and am still enjoying this amazing term plan benefits. 

    K
    Karan Shukla
    On: Jul 26, 2022

  • Time-saving process

    In a few simple steps, I was able to purchase the Canara HSBC OBC iSelect Smart plan from InsuranceDekho. As the number of steps was very limited and every related process was so smooth, buying the Canara HSBC OBC iSelect Smart plan from InsuranceDekho turned out to be a time-saving process. 

    P
    Pooja Verma
    On: Jul 25, 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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