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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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Choose required coverage to secure your family’s future

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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 99.4%
Starting From 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.7%
Starting From 1132/Month
Key Features:
  • Right Green Tick Special Exit Benefit
See More Plans
Rating of Canara HSBC OBC
4.9
Based on
153 User reviews
  • Informative website

    InsuranceDekho’s website makes it easy to purchase an insurance plan as the website is very informative. I had a smooth and amazing experience while buying Canara HSBC OBC Life iSelect Start Term Plan. 

    N
    Nishcay Mehta
    On: Jul 27, 2021
  • Paperwork not required

    It has been only a month since I purchased my Canara HSBC Life Select Star Term Plan. I have to tell you that the issuance process was quite easy and there was no paperwork required. Simple and quick!

    M
    Mohan Chandra
    On: Jul 22, 2021
  • Informative website

    It has been two weeks since I purchased my Canara HSBC Life Saral Jeevan Bima plan. All details regarding the plan were available on the InsuranceDekho website. I had a great experience. 

    O
    Omkar Bhatt
    On: Jul 20, 2021
  • Instant quotes

    Generating quotes and that too based on my policy preferences was done in an instant on InsuranceDekho. After quotes generation, I compared them and found Canara HSBC Life POS - Easy Bima Plan within my expected budget. 

    P
    Poulami Sen
    On: Jul 15, 2021
  • Finally insured

    I was quite skeptical about buying Canara HSBC OBC iSelect+ Term Plan. But, the team here at InsuranceDekho helped me discover its benefits and I went on to buy the plan without any hesitation. 

    I
    Irfan Khan
    On: Jul 13, 2021
  • Fits individual purposes

    No two customer preferences are the same, InsuranceDekho emphasises this factor constantly by offering multiple types of term insurance plans. This is why the website constantly gets updated to fit in with customer’s individual purposes. I chose Canara HSBC Life iSelect Star Term Plan. 

    A
    Akash Bali
    On: Jul 06, 2021
  • Assured confidentiality

    I visit InsuranceDekho for all kinds of policy requirements since here I get the assurance that all my private information like my credit score, health status etc will remain confidential. I am a policyholder of Canara HSBC Life iSelect Star Term Plan. 

    S
    Soham Chakraborty
    On: Jun 29, 2021
  • Transparency assured

    Documentation of Canara HSBC Life insurance plan from InsuranceDekho assured transparency. From generating quotes to premium payment,  each step of the policy issuance has been crisp and transparent. Being a first-time insurance buyer, I could not be happier. 

    B
    Banani Gupta
    On: Jun 25, 2021
  • Chatbox feature was way too helpful

      I used the chat box feature available on the InsuranceDekho website while buying the Canara HSBC OBC Term Insurance plan. All my issues regarding the plan were resolved with the help of this feature. I am really happy with this plan. 

    R
    Raaghav Kaul
    On: Invalid date
  • Paperless policy issuance

    I am very happy and satisfied with the services provided by InsuranceDekho. I purchased the Canara HSBC OBC Term Insurance Plan from InsuranceDekho, the entire policy issuance process was hassle-free, time-saving, and paperless. 

    M
    Muskaan Tondon
    On: Invalid date

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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.