Kotak Mahindra Life
vs
Canara Hsbc Investment Plans

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  • Multiple sum assured options
  • Choice of premium-payment term
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Kotak Mahindra Life vs Canara Hsbc Investment Plans

Kotak Mahindra Life

Kotak Life Insurance, a 100% subsidiary of Kotak Mahindra Bank Limited, was established in 2001. It is one of India& 039;s most reputable and fastest-growing insurance companies.

Canara Hsbc Investment Plans

Canara HSBC Investment Plans are financial products that helps you build wealth over a period by investing regular premiums.

COMPANY DETAILS Edit Kotak Mahindra Life Insurance

Kotak Mahindra Life

Edit Canara HSBC Investment Plans

Canara Hsbc Investment Plans

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

Annual Premiums Collected (2023-24)

2920.58 Cr

Annual Premiums Collected (2023-24)

000 to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Claim ratio

99.01%

Claim ratio

Minimum Age - 0 year%
Solvency Ratio

Solvency Ratio

2.6

Solvency Ratio

100 years
Branches

Branches

250+

Branches

Yearly, half-yearly
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Plus Benefit Rider, Accidental Permanent Disability Rider

Riders Available

Minimum term - 6 years Maximum term - 30 years
Policy Term

Policy Term

5 to 40 years

Policy Term

5 to 30 years

Know More About Companies

Overview

Kotak Mahindra Life Insurance: Overview

Kotak Mahindra Life Insurance, a 100% subsidiary of Kotak Mahindra Bank Limited, was established in 2001. Kotak Mahindra Life Insurance is one of India's most reputable insurance firms and one of the fastest-growing insurance companies in India, covering over 34.8 million lives nationwide as of December 2021. The company has designed several unique products and services to meet the ever-changing financial needs of a diverse customer base. Whether you are looking for protection plans, savings, and investment instruments, retirement plans, or child plans, Kotak Mahindra's portfolio is certain to make it relatively easy to find the best product for you. The company offers solutions for group entities as well as individuals, ensuring that no matter what your investment requirements are, there is something that will help you meet your long-term goals. An array of additional riders are also available to customize the insurance plans for your convenience.

Kotak Mahindra Life Insurance ensures to look after your insurance needs by offering:

why-choose
  • Reliable and hassle-free claim settlement

  • 24*7 customer service

  • A wide variety of options

  • Longer coverage

 

Riders

Riders You Can Avail With Kotak Life Insurance Plans

Name of the Riders Benefits
Kotak Accidental Death Benefit Rider In case of the policyholder’s demise due to an accident, additional benefits are paid to their nominee along with the basic plan cover.
Kotak Critical Illness Plus Benefit Rider In case the policyholder is diagnosed with pre-specified illnesses, benefits are paid to them or their family.
Kotak Accidental Permanent Disability Rider In case the policyholder gets permanently disabled due to an accident, benefits are paid under this rider.

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Canara HSBC Investment Plans are financial products that helps you build wealth over a period by investing regular premiums.

Investment Plan Plans

Investment Plan

Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving an...

Unique Features

  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term

Canara HSBC Money Back Advantage (Pros)

Canara HSBC Money Back Advantage
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity

Canara HSBC Money Back Advantage (Cons)

Canara HSBC Money Back Advantage
  • Suicidal death not covered
  • Aviation accidents not covered
  • Death related to intoxication not covered

Canara HSBC Money Back Advantage (Other Benefits)

Canara HSBC Money Back Advantage
  • Tax benefits as per Income Tax Act 1961
  • Death benefits
  • Maturity benefits

Canara HSBC Money Back Advantage (Eligibility Criteria)

Canara HSBC Money Back Advantage
  • Minimum entry age- 8 year
  • Maximum entry age- 55 years
  • Minimum sum assured- 1 Lakh
  • Maximum sum assured- No Limit
  • Maximum policy term- 16 years

Investment Plan

Canara HSBC Titanium Plus is an individual-linked life insurance savings plan. It offers the dual benefit of insurance and investment. Rather than a n...

Unique Features

  • Loyalty addition
  • Choice of 8 funds
  • Flexible PPT

Canara HSBC Titanium Plus (Pros)

Canara HSBC Titanium Plus
  • Wealth booster and loyalty addition
  • Flexible premium payment term
  • Multiple Portfolio Management Options

Canara HSBC Titanium Plus (Cons)

Canara HSBC Titanium Plus
  • Suicidal death not covered
  • Joint life cover not applicable
  • You cannot get policy loan

Canara HSBC Titanium Plus (Other Benefits)

Canara HSBC Titanium Plus
  • Switching of investment among different funds
  • Enhance protection through riders
  • Life covers up to the age of 80 years

Canara HSBC Titanium Plus (Eligibility Criteria)

Canara HSBC Titanium Plus
  • Minimum entry age- 0 year
  • Maximum entry age- 70 years
  • Maximum sum assured- 1.25 X Single Premium
  • Maximum policy term- 30 years

Investment Plan

Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the prot...

Unique Features

  • 2 Plan Options
  • Guaranteed Additions
  • Lower Premiums

Canara HSBC Easy Bachat (Pros)

Canara HSBC Easy Bachat
  • Survival benefit
  • Maturity benefit
  • Life insurance death benefit

Canara HSBC Easy Bachat (Cons)

Canara HSBC Easy Bachat
  • Suicides not covered
  • Death due to aviation accident
  • Death due to any adventurous sports

Canara HSBC Easy Bachat (Other Benefits)

Canara HSBC Easy Bachat
  • Surrender value
  • Endowment options
  • Money back options

Canara HSBC Easy Bachat (Eligibility Criteria)

Canara HSBC Easy Bachat
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 20
  • 000
  • Maximum sum assured- Rs 10
  • 00
  • 000
  • Maximum policy term- 20 years

Investment Plan

Canara HSBC Invest 4G Plan provides dual benefits to policyholders: life coverage to give financial protection for their family, and maturity benefits...

Unique Features

  • Loyalty additions
  • Wealth boosters
  • Minimal associated charges

Canara HSBC Invest 4G (Pros)

Canara HSBC Invest 4G
  • Death benefit
  • Maturity benefit
  • Loyalty additions

Canara HSBC Invest 4G (Cons)

Canara HSBC Invest 4G
  • Suicidal death is not covered
  • Air accidents not covered

Canara HSBC Invest 4G (Other Benefits)

Canara HSBC Invest 4G
  • Wealth boosters
  • Return of morality charges
  • Partial withdrawal charges

Canara HSBC Invest 4G (Eligibility Criteria)

Canara HSBC Invest 4G
  • Minimum entry age- 18 year
  • Maximum entry age- 50 years
  • Minimum sum assured- Life insurer’s age < 45 years- Higher of 10 Times AP 0.5*T*Annualised Premium
  • Maximum policy term- 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.