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Home Term InsuranceTerm Insurance CompaniesCanara HSBC Term Insurance

Canara HSBC Term Insurance

151 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

Term Life Insurance Premium Calculator

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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 ₹ 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹97.84%
Starting From ₹ 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

About Canara HSBC Term Insurance

Canara HSBC Oriental Bank of Commerce is a joint venture between Canara Bank, Punjab National Bank, and HSBC Insurance (Asia Pacific) Holdings Limited, offers a variety of insurance plans, including term insurance. The company was founded in 2008, since then it has been one of the leading life insurance providers in India. The USP of Canara HSBC OBC Life Insurance term insurance plans is that they provide substantial insurance coverage for extended periods for low premiums.

Canara HSBC OBC Life Insurance company values its customers. The company has tailored insurance plans to fulfill different requirements of different people. Canara HSBC OBC Life Insurance company is customer-centric company, the company aims at providing best-in-class services to its customers.

List of Canara HSBC Term Insurance Plans

Following are the term insurance plans offered by Canara HSBC OBC Life Insurance:

  1. Saral Jeevan Bima
  2. iSelect Star Term Plan
  3. POS - Easy Bima Plan

Popularly Opted Term Insurance Sum Assured

Explore Canara HSBC OBC Term Insurance

Canara HSBC OBC Term Insurance User Reviews

4.9
Rating based on
151 User reviews
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What users are saying
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  • Seamless Online Experience

    From browsing policies to buying the Canara HSBC OBC Term Insurance- iSelect Star Term Plan, the entire proces...

    Read More
    A
    Canara HSBC OBC
    By Ashok Shaliwal
    On: Sep 29, 2023
  • Excellent Customer Support

    The customer support at InsuranceDekho is top-notch. They answered all my queries promptly and helped me choos...

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    S
    Canara HSBC OBC
    By Sachin Kumar
    On: Sep 25, 2023
  • Swift Claims Processing

    I had to make a claim on my InsuranceDekho’s Canara HSBC OBC Term Insurance, and I was amazed at how qui...

    Read More
    S
    Canara HSBC OBC
    By Shristi Ahuja
    On: Sep 20, 2023
  • Simplified Documentation

    The documentation process for InsuranceDekho's Canara HSBC OBC Term Insurance is straightforward and user-frie...

    Read More
    S
    Canara HSBC OBC
    By Suman Gupta
    On: Sep 11, 2023
  • Top insurance companies listed

    The InsuranceDekho website has a list of all the top insurance companies which helped me look for an appropria...

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    K
    Canara HSBC OBC
    By Kalyan Ghosh
    On: Sep 04, 2023
View All Canara HSBC Term Insurance Reviews

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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FAQ About Canara HSBC Term Insurance

  • 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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