Canara HSBC Term Insurance
- 1 Cr Cover Rs. 751/ Month
- Get 5% Online Discount
- CSR 99.01% for FY 2022-23
Canara HSBC Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Canara HSBC Term Insurance.
| Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
|---|---|---|---|---|
| iSelect Smart 360 Term Plan | Minimum Age - 18 years Maximum Age - 65 years | Single pay, yearly, half-yearly, quarterly & monthly | Rs. 25 Lakhs |
|
| Canara HSBC Young Term Plan Plan | Minimum Age - 18 years Maximum Age - 45 years | Yearly, half-yearly, quarterly & monthly | Rs. 25 Lakhs |
|
| Canara HSBC Saral Jeevan Bima Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly, half-yearly & monthly | Rs. 5 Lakhs |
|
Here is a quick overview of the Canara HSBC Term Insurance Plans listed in the above table.
Canara HSBC Life Insurance iSelect Smart360 Term Plan is an online protection plan that offers a choice of 3 plan options. It includes life secure, life secure with income, or life secure with return of premium. Each plan option has added key features such as spouse cover, income options in case of death, return of premium at maturity, etc.
Canara HSBC iSelect Smart 360 is a comprehensive protection plan that allows you to stay protected with a life cover at affordable premiums. It offers...
Unique Features
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Canara HSBC Young Term Plan is an online available pure protection term insurance plan. It offers two plan options, allowing policyholders to select t...
Unique Features
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Canara HSBC Saral Jeevan Bima is a simple, easy to understand term insurance plan that comes with benefits like easy on pocket premiums, flexibility t...
Unique Features
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Canara HSBC Term Insurance Plans
| Name of the Riders | Benefits |
| Accidental Death Benefit | Get an extra payout on top of base cover’s upon death due to an accident. |
| Accidental Total & Permanent Disability Premium Protection | Upon accidental total & permanent disability to the policyholder, your future premiums will be waived, and the policy will continue till maturity. |
| Accidental Total & Permanent Disability Premium Protection Plus | Get an extra payout on top of the base cover lump sum in case of accidental total & permanent disability, and your future premiums will be waived. |
| Critical Illness Premium Protection | If you are diagnosed with 40 pre-specified critical illnesses, your future premiums will be waived, and the policy will continue until maturity. |
| Critical Illness Premium Protection Plus | Get additional coverage if you are diagnosed with any 40-covered critical illness, and your future premiums will be waived, and the policy will continue until maturity. |
| Terminal Illness Benefit | If you are diagnosed with any covered terminal illness, lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive. |
Canara HSBC Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Canara HSBC Term Insurance Plans:
Kotak Life offers you various plan options with different features and benefits. You can choose the one that best suits your requirements.
Kotak Life offers you term plans at affordable premiums so that it does not affect your pockets.
Kotak Term Plans offer you flexible policy term options to choose from as per your wish.
Kotak Life has a high CSR of 98.82%. It means you don’t need to worry about your claim settlement.
Canara HSBC Term Insurance Plans offer various additional benefits to the policyholders.
Canara HSBC term plans come with an in-built premium block feature. In this feature, you can block the premiums for the first years of the plan, and your basic sum will increase by up to 100%.
With Steady Income Benefit, you'll get a steady flow of income at the beginning of each month, starting from the end of the policy anniversary. It offers monthly survival income depending on the plan chosen at inception.
As the name suggests, term insurance provides coverage for a specific period, but with a whole life option, you can stay protected with a life cover for up to 99/100 years.
Under this option, the spouse cover allows you to add your husband or wife to a single plan. It is the same as the joint life policy, which offers coverage for two people under the same plan.
With life stage benefits, you can increase your sum assured amount limit with their changing responsibilities at certain milestones, such as marriage, childbirth, or adoption.
There are various Canara HSBC term plans based on their features. You can choose the one that best suits your requirements.
Upon the policyholder's demise during the policy period, the death benefit amount shall be payable to the nominee.
Get back all the premiums paid towards the plan at maturity if you outlive the policy tenure.
These plans provide a regular monthly income to the beneficiaries in case the policyholder passes away during the policy term.
The plan comes with an inbuilt coverage against critical illnesses.
Here are the documents required to buy a Canara HSBC Life Term Insurance Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the Canara HSBC Term Insurance policy from Policyx.com or the Canara HSBC Term Insurance website.
Fill out the form at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to pay.
Go to the official website of Canara HSBC Life Insurance.
Select a term plan in the "Life Insurance Plans" section.
Fill in details such as your name, gender, date of birth, email, mobile number, etc.
Proceed to pay via Net Banking, Debit, or Credit Card.
Once the transaction is complete, you'll receive a soft copy of the policy via email.
Canara HSBC term insurance made the claim process using both online and offline methods. To raise a claim in HDFC term insurance plans, the customer needs to follow the below steps:
The nominee has to inform the insurer about life-insured death as soon as possible and submit the filled-out Canara HSBC term insurance claims form with all the required documents attached.
Once you submit the claim request, the insurer will verify all the details or documents and reach out to the nominee using the given contact details for further processing.
After successful verification, the decision will be communicated to the policyholder/nominee, and the claim will be processed accordingly. As per the IRDAI, your claim will be settled within 30 days of raising the claim.
To file a claim offline with Canara HSBC Life Insurance, you either have to visit its head office or any of its branches. Submit a duly filled claim form along with the required documents to the nearest bank branch, company head office, or any of their offices. The claim department processes the claim once they verify the documents. However, you can easily locate the nearest branch office using the Canara HSBC branch locator.
If you have any more queries regarding Canara HSBC Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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