Pramerica Life
vs
Canara Hsbc Investment Plans

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
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Pramerica Life vs Canara Hsbc Investment Plans

Pramerica Life

Pramerica Life Insurance offers a wide variety of term insurance plans to suit your individual needs. They provide a wide range of life insurance solutions for individuals and groups.

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 Pramerica Life Insurance

Pramerica 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)

1435.39 crore

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

98.8%%

Claim ratio

Minimum Age - 0 year%
Solvency Ratio

Solvency Ratio

4.1

Solvency Ratio

100 years
Branches

Branches

137+

Branches

Yearly, half-yearly
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider

Riders Available

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

Policy Term

5 to 35 years

Policy Term

5 to 30 years

Know More About Companies

Overview

Pramerica Life Insurance

Pramerica Life Insurance offers a wide variety of term insurance plans to suit your individual needs. They provide a wide range of life insurance solutions for individuals and groups, taking care of various aspects of financial protection required. Since its inception in 2008, Pramerica Insurance Company has leaped towards immense growth with an extensive distribution network, customer support, and impressive annual premiums. Pramerica Life has a network of 133 branches across India providing individuals with all kinds of insurance needs. Pramerica Life term insurance plans offer high sum assured and low premium rates, and customers can customize their plans based on their needs.

Pramerica Life Insurance Company ensures to look after your insurance needs by offering:

why-choose
  • Economical Plans

  • Riders Benefit

  • Flexible-Premium Payment Options

  • Affordable Premiums

 

Riders

Riders You Can Avail With Pramerica Life Insurance Plans

Name of the Riders Benefits
Pramerica Life Accidental Death Benefit Rider Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee with immediate effect.
Pramerica Term Accidental and Total Permanent Disability Rider Under this rider, upon the policyholder’s disability due to an accident, a rider sum assured will be paid for the treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider Under this Rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider IUnder Pramerica’s Life waiver of premium rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident then all the future premiums of the ongoing term plan will waived off with immediate effect.

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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.