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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

99.43%
Claim settlement ratio
8,027.46 crore
Annual Premium
4
Active plans
2.06x
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 916 reviews
99.43% claim settlement ratio
📊 2.06x solvency ratio
🌐 100 pan-India

What you get with Canara HSBC Term Insurance

The headline features and policy mechanics, at a glance.

Annual Premium 8,027.46 crore

Affordable premium options starting from entry-level to comprehensive whole-life protection.

99.43% claim settlement ratio

Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.

2.06x solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

4 active term plans

Choose from level cover, increasing cover, and return-of-premium variants.

6+ optional riders

Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.

100 pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

Video reviews

Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

Types of Canara HSBC Term Insurance Plans

Every plan currently being sold by Canara HSBC Term Insurance, shown side-by-side so you can shortlist quickly.

Canara HSBC Saral Jeevan Bima

Canara HSBC Saral Jeevan Bima

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...

Unique Features
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
Sum assured Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs
Entry age Minimum Age - 18 years Maximum Age - 65 years
View plan
Canara HSBC Young Term Plan

Canara HSBC Young Term Plan

Canara HSBC Young Term Plan is an online available pure protection term insurance plan that offers two plan options, allowing policyholders to select ...

Unique Features
  • Life Stage Benefit
  • Special Exit Value
  • Child Care Benefit
Sum assured Basic Sum Assured: Rs. 25 Lakhs to no limit
Entry age Minimum Age - 18 years Maximum Age - 45 years
View plan
iSelect Smart 360 Term

iSelect Smart 360 Term

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
  • 3 Plan Options
  • Add Your Spouse
  • Block The Premium
Sum assured Basic Sum Assured: Rs. 25 Lakhs to no limit
Entry age Minimum Age - 18 years Maximum Age - 65 years
View plan

Term Plans Comparison

Side-by-side across the 3 most-bought Canara HSBC Term Insurance plans on PolicyX.

Canara HSBC Term Insurance term plan comparison
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

Why Choose PolicyX.com?

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 Singh

I 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 Varshney

I'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 Mary

I 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 Shah

PolicyX 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 Rathod

I 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 Mahajan

Frequently asked questions

The 9 most-asked questions about Canara HSBC Term Insurance, answered.

The number of claims settled out of the total number of claims filed is known as the claim settlement ratio. Canara HSBC Life Insurance boasts a Claim Settlement Ratio of 99.01% for FY 2022-23.
Under Canara HSBC Young Term Plan or ISelect Smart 360 Term Plan, you will get a whole life cover option. With a whole life option, you can stay protected with a life cover for up to 99/100 years.
Yes, insurance holders can select their renewal premium date for Canara HSBC Term Plans purchased.
Yes, you can buy a Canara HSBC term plan till the age of 65. However, purchasing a term plan after 5 will be difficult because the Canara term plan has an entire age limit of 18 - 65 years.
Canara HSBC term plans, including the iSelect Smart360 or Young term plan, allow you to have a term life cover up to the age of 99.
Yes, some Canara HSBC term life insurance plans offer accidental death coverage. You can even add an accidental death benefit rider on your term and get an extra payout on top of the base cover in case of unfortunate death due to an accident.
Yes, Canara HSBC term insurance policy claims are not affected by the place of death.
Canara HSBC Term Insurance provides affordable protection, flexible terms, lump sum or income payouts, whole life, return of premium, and riders ensuring family security against death.
Yes, riders are available with Canara HSBC Term Insurance. Accidental death, disability, premium waiver, income, and terminal illness benefits allow you to customize the cover for loans, education, and family security.

Customer satisfaction

Aggregate ratings from 916 verified PolicyX customers who bought a Canara HSBC Term Insurance plan.

4.6
out of 5
916 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Explore Canara HSBC Term Insurance

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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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