Canara HSBC Saral Jeevan Bima Term Plan
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Canara HSBC Saral Jeevan Bima

Saral Jeevan Bima is a one-shop stop for all your needs, offering lump ...Read More

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🛡️ IRDAI Approved
⭐ 4.6/5 · 916 reviews
📊 2.06 solvency ratio
✅ 99.43%% claim settlement ratio
🌐 100+ pan-India

Saral Jeevan Bima is a one-shop stop for all your needs, offering lump sum benefits in case of death of the life insured. The plan offers flexible premium payment terms, policy terms, or premium payment frequency.

Here are the key features of the above plan
  • Get high life cover at affordable premiums.
  • The lump sum benefit amount shall be payable to the nominee upon life-insured unfortunate death during the policy term.
  • Flexible premium payment terms allow you to pay a premium at your convenience.
  • The plan offers special premium rates for women and non-tobacco users.

About Canara HSBC Saral Jeevan Bima

A quick read on what this Canara HSBC Term Insurance term plan covers and why it might be a fit for you.

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 plan is best for buyers who are looking for simple and low-cost protection. The policy provides coverage from ₹5 lakh to ₹25 lakh with premium discounts for non-smokers and females.

The Saral Jeevan Term Plan by Canara HSBC also offers discounts for non-smokers and females.

Canara HSBC Saral Jeevan Bima Plan offers you a range of benefits including:

  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Tax Benefits as per laws
  • Affordable Premiums
  • Get life cover till 70 years of age

 

Eligibility Criteria for Canara HSBC Saral Jeevan Bima

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maturity age
Maximum Maturity Age - 70 years
Policy term
Policy term
Minimum term - 5 years Maximum term - 40 years
Sum assured
Sum assured
Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs
Policy loan
Policy loan
The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan.
Payment Modes
Payment Modes
Yearly, half-yearly & monthly

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Available for Online Buying
  • Choose to Pay Premium Once
  • High Sum Assured

Cons

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

Aaj hum baat karenge Canara HSBC ke term insurance plans ke baare mein. Canara HSBC Life Insurance Company ke plans aur unki features ke baare mein jaan ne ke liye dekhein yeh video. Janiye inke claim settlement ratio, solvency ratio aur premium details.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 5 L
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP(5&10 Years)

Features of Canara HSBC Saral Jeevan Bima

Key features that make Canara HSBC Saral Jeevan Bima stand out.

Six Plan Options

ABSLI Poorna Suraksha Kawach offers six different plan options covering comprehensive protection and cover vast needs of every unique customer.

Return of Premiums

With the ABSLI Poorna Suraksha Kawach term plan, you can get back all the paid premiums upon surviving the whole policy term.

Special Exit Value

ABSLI Poorna Suraksha term Plan offers special exit value to its customers. Through this feature, you can exit from your plan before the policy completion.

Critical Illness Benefit

ABSLI Poorna Suraksha term plan offers the inbuilt feature of covering 42 critical illness diseases.

Exclusions of Canara HSBC Saral Jeevan Bima Plan

Here is the list of exclusions associated with the plan:

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Injuries or illnesses caused due to any type of adventure sports.
  • Death due to any aviation accident.
  • Any pre-existing disease that isn't mentioned.

Conclusion

Canara HSBC Saral Jeevan Bima is a pure protection plan that offers high life cover at cost-effective premiums. On the policyholder's unfortunate demise during the policy term, the lump sum death benefit shall be payable to their nominee. If you have doubts or queries regarding the Canara HSBC Saral Jeevan Bima Term Pla, you can contact us through the website policyx.com or at 1800-4200-269.

Conclusion

Canara HSBC Saral Jeevan Bima is a pure protection plan that offers high life cover at cost-effectiv

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Frequently Asked Questions

The 6 most-asked questions about Canara HSBC Saral Jeevan Bima, answered.

The minimum age to purchase a Canara HSBC Saral Jeevan Bima Term Plan is 18 years.
A 30-day interest-free grace period is available to repay the premium amount even after the due date.
Yes, you can opt for tax benefits under the premium paid for up to 1.5 lacs under section 80C of Income Tax 1961.
There are annual, semi-annual & monthly premium paying modes under the plan.
The Canara HSBC Saral Jeevan Bima is the best term plan available in the Saral Jeevan Category.
The maximum maturity age available under Canara HSBC Saral Jeevan Bima Term Plan is 70 years.

Written and reviewed by

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

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 19 May 2026 · Originally published: 1 Oct 2024

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