Hdfc Child
vs
Canara Hsbc Life

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Hdfc Child vs Canara Hsbc Life

Hdfc Child

HDFC Child plan is one of the best ways to save earnings with regular investments for your child future to fulfill the requirements like higher education which can be costly.

Canara Hsbc Life

Canara HSBC Life Insurance company is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank merged with OBC (23%).

COMPANY DETAILS Edit HDFC Child Plans

Hdfc Child

 Edit Canara HSBC Life Insurance

Canara Hsbc Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

7197.38 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Claim ratio

Minimum Age- 0 years%

Claim ratio

99.01%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

2.7
Branches

Branches

Annual, half-yearly,

Branches

100+
Riders Available

Riders Available

21 ninus child entry age

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability Premium Protection, Accidental Total & Permanent Disability Premium Protection Plus, Critical Illness Premium Protection, Critical Illness Premium Protection Plus,Terminal Illness B
Policy Term

Policy Term

18 ninus child entry

Policy Term

5 to 40 years

Know More About Companies

Overview

HDFC Child Plans: Overview

HDFC Child plan is one of the best ways to save earnings with regular investments for your child's future to fulfill the requirements like higher education which can be costly. HDFC Child Plans offer financial protection features that ensure your child gets all the facilities in the future even in your absence.

HDFC Life offers a wide range of individual and group life insurance plans that cater to the different needs of customers. Such products include child plans, protection plans, pension plans, health, savings, and investment plans, among others. HDFC Life has come out with child plans that can assist you in planning the financial future of your child.

All insurance providers make it a point that their child's plans are unique and help parents make their child's future secure. The biggest contribution a parent can make to ensure the success of their child is to do proper financial planning for their child's future. HDFC Child plans like HDFC Youngstaar Udaan, HDFC Click2Wealth, and HDFC SL Youngstar are all dedicated child plans to help you safeguard your child's dreams and aspirations.

HDFC Child Plans ensures to look after your investment needs by offering:

why-choose

  • Smart Bonus

  • Death Benefits

  • Educational Support

  • Tax Benefits

Riders

Riders You Can Avail With Canara HSBC Life Insurance Plans

Name of the Riders Benefits
Accidental Death Benefit Get an extra payout on top of base cover’s 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, lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive.

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