Canara HSBC vs Future Generali
  • Scout the best life insurers
  • Achieve your financial goals
  • Rich mix of products
Life insurance companies
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Canara HSBC Life vs Future Generali Life Insurance 2024

Canara HSBC and Future Generali both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of Canara HSBC is 98.44% whereas Future Generali has 96.15% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit Canara HSBC

Canara HSBC

Edit future-general-life

Future Generali

Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-65 years 18-65 years
Policy Term 5 - 65 years 10-75 years
maturity Age (Min-Max) 23-70 years 80 years
Claim settlement ratio (CSR) 98.44% 96.15%
Asset under managment (AUM) 30204 Crores 6748 Crores
Solvency ratio 2.8 1.7
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 3 Lakh
  • Maximum- No Limit
  • Minimum- 50 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Premium waiver benefit rider
  • Accidental death benefit rider
  • Critical illness rider
  • Premium waiver benefit rider
  • Accidental death benefit rider
  • Critical illness rider
Number of term plans 3 2
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes No
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Canara HSBC Term Insurance Plans

Canara HSBC POS - Easy Bima Plan

Canara HSBC POS- Easy Bima Plan comes with a 'Return of Premium' benefit on surviving the policy tenure until maturity. The plan offers flexibility to select policy and the premium payment term.

Unique Features

  • Double life cover in accidental death
  • Customized your plan as per needs
  • Return of premium on survival

A Non-Linked, Non-Participating, Individual, Pure Risk plan that offers 3 plan options with steady income benefits.

Unique Features

  • Life cover till 99 years
  • Child Care Benefit option
  • Income Benefit after 60 years

iSelect Smart360 Term Plan (Pros)

  • 3 Plan Options & Spouse Cover
  • Accidental Death Benefit
  • Accidental Total & Permanent Disability

iSelect Smart360 Term Plan (Cons)

  • No Policy Loan Allowed
  • No Maturity Benefit
  • No Benefit On Revival

iSelect Smart360 Term Plan (Other Benefits)

  • Critical & Terminal Illness
  • Option To Block Your Premium
  • 5% Loyalty Discount

iSelect Smart360 Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 81 Yrs
  • Premium Payment Term - RP/SP/LP(5&25 Years)

Canara HSBC iSelect Star Term Plan

With in-built coverage such as Accidental Death benefits, Accidental Total and Permanent Disability benefits, the plan that allows you to customize your term plan as per your needs.

Unique Features

  • Add a spouse @discounted rates
  • Lifetime coverage available
  • Multiple options to receive benefits

Canara HSBC Saral Jeevan Bima Term Plan

A standard and affordable term insurance plan that offers a lump-sum amount to the beneficiary in case of the death of the policyholder.

Unique Features

  • Customize Premium Payment Term
  • Tax Benefits
  • Hassle-free buying process

Saral Jeevan Bima Term Plan (Pros)

  • Available for Online Buying
  • Choose to Pay Premium Once
  • High Sum Assured

Saral Jeevan Bima Term Plan (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima Term Plan (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Canara HSBC Young Term Plan Online

The plan offers whole life cover, cover for 40 critical illnesses and a Special Exit Value for added financial security

Unique Features

  • WOP On Diagnosis of CI
  • Return of Premium Benefit
  • Child Education Benefit

Young Term Plan Online (Pros)

  • 2 Plan Options & Spouse Cover
  • Accidental Death Benefit
  • Accidental Total & Permanent Disability

Young Term Plan Online (Cons)

  • No Policy Loan Allowed
  • No Pre-Existing Diseases Cover
  • No Benefit on Revival

Young Term Plan Online (Other Benefits)

  • Critical & Terminal Illness
  • Option To Block Your Premium
  • 5% Loyalty Discount

Young Term Plan Online (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 45 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 99 Yrs
  • Premium Payment Term - RP/SP/LP(5 To 15 Yrs)

Future Generali Term Insurance Plans

Future Generali Care Plus

This term insurance plan offers two different options to choose from like life cover and life cover with an accidental death benefit.

Unique Features

  • Affordable premiums
  • 48 hours Claim Settlement
  • Discounts for women

Future Generali Care Plus (Pros)

  • Discount on Higher SA
  • Accidental Death Rider
  • Customizable Plan

Future Generali Care Plus (Cons)

  • No Maturity Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Future Generali Care Plus (Other Benefits)

  • 2 Indicative Premium Rates
  • 1 Cr Sum Assured Plan
  • Suicide Cover After 1 Year

Future Generali Care Plus (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 25 Yrs (RP)

Future Generali Saral Jeevan Bima

This policy will cover death due to accident only, during the waiting period of 45 days from the Date of Commencement of Risk.

Unique Features

  • Flexible premium payment terms
  • Death benefit
  • Tax Benefits

Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Max Sum Assured 25L
  • Choose To pay Premium Once

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Yrs

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP/LP (5&10 Yrs)

Future Generali Express Term Life Plan

Comes with several variants like life cover option, extra life cover option, life plus health cover option, and all-in-one cover option.

Unique Features

  • 4 plan variants
  • Flexible premium payment
  • Death benefit

Express Term Life Plan (Pros)

  • 34 Critical Illnesses Covered
  • Terminal Illness Cover
  • Accidental Total and Permanent Disability

Express Term Life Plan (Cons)

  • No Rider Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Express Term Life Plan (Other Benefits)

  • Discount For Women
  • Suicide Cover After 1 Year
  • Tax Benefits (Section 80C and 10(10D))

Express Term Life Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 5 To 10 Yrs

Future Generali Flexi Online Term Plan

The plan offers life cover up to the age of 75 years and lower premium rates for women and non-smokers with 4 payout options.

Unique Features

  • Online Available Plan
  • Accidental Benefit Rider
  • 105 % Death Benefit

Flexi Online Term Plan (Pros)

  • Flexible Coverage Option
  • High Sum Assured Rebate
  • Maturity Benefit

Flexi Online Term Plan (Cons)

  • No Paid Up Value
  • No Surrender Benefit
  • No Policy Loan Allowed

Flexi Online Term Plan (Other Benefits)

  • Discount For Women
  • Suicide Cover After 1 Year
  • Tax Benefits (Section 80C and 10(10D))

Flexi Online Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - Equal to Policy Term

Future Generali Jan Suraksha

Coverage in a single premium payment (at low costs). It helps the family of the life assured to deal with the liabilities in case of his/her unfortunate death.

Unique Features

  • Safeguards against loans
  • One-time premium
  • Tax Benefit

Jan Suraksha (Pros)

  • Death Benefit: 5 times the SP
  • Surrender Benefit
  • Affordable Premium

Jan Suraksha (Cons)

  • No Policy Discount
  • No Rider Benefit
  • No Policy Loan Allowed

Jan Suraksha (Other Benefits)

  • Plan For Lower Income Group
  • Easy Claim Settlement
  • Suicide Cover After 1 Year

Jan Suraksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 8 Yrs
  • Premium Payment Term - SP

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.