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Canara HSBC Term Insurance User Reviews

153 reviews Rate This
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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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
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.7%
Starting From 688/Month
Key Features:
  • Right Green Tick Revised Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Cover Continuance Benefit
  • Right Green Tick Insta-Payment on Claim Intimation
  • Right Green Tick Nominee's Choice payout
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.2%
Starting From 730/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 99.4%
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
  • Best Insurance Company

    An amazing place to buy a term insurance policy. It was a nice experience with the customer service staff of the Insurancedekho’s company. I bought Canara HSBC OBC Term Insurance quickly and easily through InsuranceDekho’s online website. Thank you to the customer support team who made the best efforts to help me throughout the process. I will recommend InsuranceDekho’s services to everyone. ...

    N
    Nisha Yadav
    On: Feb 27, 2024
  • Seamless Online Experience

    From browsing policies to buying the Canara HSBC OBC Term Insurance- iSelect Star Term Plan, the entire process with InsuranceDekho was seamless and online. No paperwork hassles!

    A
    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 choose the Canara HSBC OBC Term Insurance which was perfect for me.

    S
    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 quickly and smoothly it was processed. Dealing with the loss of a loved one is never easy, but InsuranceDekho made the financial aspect hassle-free.

    S
    Shristi Ahuja
    On: Sep 20, 2023
  • Simplified Documentation

    The documentation process for InsuranceDekho's Canara HSBC OBC Term Insurance is straightforward and user-friendly. They make it easy for me to understand and complete the required paperwork.

    S
    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 appropriate plan. After viewing everything, I decided to buy the Canara HSBC OBC Term Insurance. The plan offers all the necessary benefits and is worth buying. 

    K
    Kalyan Ghosh
    On: Sep 04, 2023
  • Queries resolved within minutes

    I had some trouble purchasing the Canara HSBC OBC Term Insurance from the website. I contacted the help desk of InsuranceDekho, the customer care team was able to resolve my queries and provided me with effective solutions. The executive even guided me through every step and I was able to purchase the plan without any difficulty. 

    Y
    Yogesh Bidani
    On: Aug 11, 2023
  • Value-Added Benefits in Term Insurance!

    InsuranceDekho's Canara HSBC OBC Term Insurance offers several value-added benefits that set them apart from others. From critical illness riders to accidental death coverage, this policy goes beyond the basics. These additional benefits provide an extra layer of protection, giving me peace of mind knowing that I am well-covered for any unexpected event.

    J
    Jaistha Roy
    On: Jul 28, 2023
  • Highly Recommended

    Based on my positive experience with InsuranceDekho's life insurance policy, I highly recommend their services and the Canara HSBC OBC Term Insurance to anyone seeking reliable and comprehensive term coverage.

    N
    Nikhil Goswami
    On: Jul 21, 2023
  • Policy Tracking Feature

    I bought the Canara HSBC OBC Term Insurance from the official website of InsuranceDekho. All the features provided by InsuranceDekho were great. And the best was their policy tracking feature. I didn’t have to chase the agents to know about the status of my insurance plan. It was a pleasing experience and I will recommend everyone to buy from InsuranceDekho only. 

    A
    Arundhati Shorey
    On: Jul 07, 2023
  • Time-saving process

    It hardly took 5 minutes for me to buy the Canara HSBC OBC Term Insurance from InsuranceDekho. Overall, the process of buying the plan was very quick and everything happened smoothly. 

    A
    Akansha Mishra
    On: Jul 04, 2023
  • No additional charges

    There were no additional changes involved when I was buying the Canara HSBC OBC Term Insurance from InsuranceDekho. As I completed all the required processes by myself, I did not require the help of an external agent. So, I was able to save on costs while buying the Canara HSBC OBC Term Insurance from InsuranceDekho.

    A
    Aarush Pratap
    On: Jun 20, 2023
  • Step-by-step process

    On buying, the Canara HSBC OBC Term Insurance from InsuranceDekho, I was satisfied with the entire process as the step-by-step process made everything much more manageable. I was able to buy the plan on time from the comfort of my home. 

    V
    Vivek Bhasin
    On: Jun 15, 2023
  • Chatbox feature

    On the InsuranceDekho website, there is a chat box feature available. When I purchased the Canara HSBC OBC Term Insurance from their website, I wasn't sure if it would provide all of the benefits that I expected from a life insurance policy. I used the chat box tool and received prompt responses to all of my inquiries

    K
    Kanak Sahni
    On: Jun 13, 2023
  • Excellent benefits were provided

    The Canara HSBC OBC Term Insurance Plan available on InsuranceDekho offered some unmatched benefits. From offering wider coverage to reasonably priced plans, the plan has everything I was looking for. 

    N
    Nishika Chopra
    On: Jun 08, 2023
  • The plan offered good coverage

    The Canara HSBC OBC Term Insurance on InsuranceDekho offered extremely wide coverage. A large group was covered under this plan, and this is the prime reason why I chose the Canara HSBC OBC Term Insurance over the other term plans. 

    N
    Naveen Saxena
    On: Jun 06, 2023
  • Chatbox feature

    The website of InsuranceDekho had a chat box feature which made it so much easier to get answers to most of the common queries. So, while I was buying the Canara HSBC OBC Term Insurance from InsuranceDekho, I found this feature to be very useful.  

    N
    Neesha Konar
    On: Jun 02, 2023
  • Unmatched customer service

    The best part about buying the Canara HSBC OBC Term Insurance from InsuranceDekho was that it offered excellent customer service. My queries were not only settled on time but I also received much-needed assistance from their team. 

    C
    Christopher
    On: May 30, 2023
  • Saved a Lot of Time

    My purchase of the Canara HSBC OBC Term Insurance from InsuranceDkho was quick and comfortable. I bought the term insurance policy within a few minutes. All the paperwork and premium payments were done online. I am pleased to be protected financially by this amazing insurance company. 

    A
    Abhinav Gupta
    On: May 26, 2023
  • Good-to-go plan

    The Canara HSBC OBC Term Insurance is really good. It has all those benefits that one expects from a good term insurance plan. I am happy and satisfied with it. I bought this plan from the InsuranceDekho website. - 

    O
    Odisha Sharma
    On: May 17, 2023
  • Hassle-free claim settlement

    I filed a claim since I was insured with the Canara HSBC OBC Term Insurance that I bought from the InsuranceDekho website. The claim was settled easily and in no less time.  

    S
    Shalini Bose
    On: May 12, 2023
  • Affordable term plan

    The Canara HSBC OBC Term Insurance Policy available on InsuranceDekho is one of the most reasonably priced term plans. That's the sole reason why I decided to buy the plan from InsuranceDekho and nowhere else. 

    L
    Laiba Ahmed
    On: May 10, 2023
  • Policies for the family as well

    Canara HSBC OBC Term Insurance Policy is a simplified policy that I recently bought at InsuranceDekho. It covers me and my family and also has various additional healthcare expenses. Some of these include in-patient hospitalization expenses, pre-hospitalization expenses, post-hospitalization expenses, daycare expenses, road ambulance expenses, etc. 

    A
    Aryan Venkateshwara
    On: May 08, 2023
  • User-friendly website

     After visiting various websites my friends suggested to me InsuranceDekho from where I could select the best for me and then I bought the Canara HSBC OBC Term Insurance plan. The website was user-friendly and there was no disturbance while going through it. 

    S
    Shivansh Tyagi
    On: Apr 28, 2023
  • The plan was Good-to-go for me

    The Canara HSBC OBC Term Insurance Policy that I bought from the InsuranceDekho website is a good term insurance plan because it has amazing features and benefits. I am happy that I bought this plan and would recommend this to all. This plan is quite affordable and provides good coverage. 

    S
    Sharon Vargis
    On: Apr 21, 2023
  • Ease of Upgrading or Converting Policies

    InsuranceDEkho has the most lenient policy if you want to upgrade your policy. I wanted to amend some changes to my Canara HSBC OBC Term Insurance Policy. I could do it in easy steps and without any hassles. Thank you for keeping everything simple and easy. 

    M
    Maya Trivedi
    On: Apr 19, 2023
  • Top-rated by customers

    Whenever we buy anything, we first check the reviews. So, while buying my Canara HSBC OBC Term Insurance plan with the InsuranceDekho website I checked the reviews as well. I found out that the plan was highly recommended by other customers as well. Took me no time in buying the plan.

    R
    Ravi Botare
    On: Apr 17, 2023
  • I enjoyed a 100% digital experience

    I enjoyed a 100% digital experience when I was buying the Canara HSBC OBC Term Insurance plan from InsuranceDekho. The team members made this digital experience even more gratifying and thus I even recommend others to buy this plan through the online process.

    M
    Manav Reddy
    On: Apr 11, 2023
  • No middlemen required

    InsuranceDekho is one of the websites where you do not require any middlemen. I had a direct approach to the team and bought the Canara HSBC OBC Term Insurance Policy. I highly recommend this portal to anyone looking for a direct and transparent approach to their service.  

    M
    Manjeet Kochar
    On: Apr 07, 2023
  • Premium calculation made easy

    The InsuranceDekho website is easy to use. I found an online premium calculator tool to compare plans. The online tool was very easy to use and displayed several term plans according to my budget and requirements. After comparing, I chose the Canara HSBC OBC Term Insurance plan from their website. It was very easy for me to look for benefits and everything on their website 

    S
    Shreya Sah
    On: Apr 04, 2023

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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.