Canara HSBC Term Insurance
Canara HSBC Life Insurance Company Limited is a major bancassurance-led insurance company with a vast portfolio of life ...Read More
The headline features and policy mechanics, at a glance.
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Choose from level cover, increasing cover, and return-of-premium variants.
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
Branch offices and claim service centres across India for easy policy servicing.
What are the key features of this plan?
Get life cover till 99 years of age,
40 illness protection,
Return of total premium paid in case of no claim,
Block your premiums and increase cover by up to 100%,
Child care benefit,
High cover at affordable premiums,
Tax Benefits as per applicable laws,
In-built waiver of premium, etc.
Every plan currently being sold by Canara HSBC Term Insurance, shown side-by-side so you can shortlist quickly.
Promise2Protect by Canara HSBC Life Insurance is a pure protection plan that offers policyholders to choose from two plan options: Life Secure and Lif...
817-1727688016.webp){kind=logo}
Canara HSBC Saral Jeevan Bima is an affordable term plan with flexible term, lump sum cover, and day 1 accidental death benefit. The design of this pl...
499-1727676483.webp){kind=logo}
Canara HSBC Young Term Plan is an online available pure protection term insurance plan that offers two plan options, allowing policyholders to select ...
266-1727438963.webp){kind=logo}
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...
Side-by-side across the 3 most-bought Canara HSBC Term Insurance plans on PolicyX.
| Feature | Canara HSBC Promise2Protect | Canara HSBC Saral Jeevan Bima | Canara HSBC Young Term Plan |
|---|---|---|---|
| Plan type | Term Plan | Term Plan | Term Plan |
| Sum assured | Base sum assured- Rs 15 lakhs to No limit | Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs | Basic Sum Assured: Rs. 25 Lakhs to no limit |
| Entry age | Minimum age- 18 years, Maximum age- 60 years | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 45 years |
| Top benefits | Choice of Death Benefits · Spouse Coverage Option | Available for Online Buying · Choose to Pay Premium Once | 2 Plan Options & Spouse Cover · Accidental Death Benefit |
The standard inclusions and exclusions across Canara HSBC Term Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
Enhance your term plan with optional add-on riders for broader protection.
Accidental Death Benefit
Get an extra payout on top of base coverage 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, a 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. Here are the reasons why you should choose Canara HSBC Term Insurance Plans:
01
Kotak Life offers you various plan options with different features and benefits. You can choose the one that best suits your requirements.
02
Kotak Life offers you term plans at affordable premiums so that it does not affect your pockets.
03
Kotak Term Plans offer you flexible policy term options to choose from as per your wish.
04
Kotak Life has a high CSR of 99.43%. It means you don’t need to worry about your claim settlement.
For policy purchase and claim submission. Have these ready before you start.
To purchase a Canara HSBC term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.
Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health condition: Since a Canara HSBC term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: A Canara HSBC term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an Canara HSBC term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
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.
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
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:
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanThe 9 most-asked questions about Canara HSBC Term Insurance, answered.
Aggregate ratings from 922 verified PolicyX customers who bought a Canara HSBC Term Insurance plan.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
Pick any two insurers to see a detailed side-by-side comparison.
Compare Canara HSBC Term Insurance term plans with other top insurers in India.
Rated by 922 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Do you have any thoughts you'd like to share?
5-min consultation · No spam · No pushy sales
ChatGPT
Claude
Perplexity