Reliance Life vs Canara Hsbc Investment Plans

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Reliance Life vs Canara Hsbc Investment Plans

COMPANY DETAILS Edit Reliance Nippon Life Insurance

Reliance Life

Edit Canara HSBC Investment Plans

Canara Hsbc Investment Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

5710.68 Cr

Annual Premiums Collected (2024-25)

000 to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Claim ratio

98.74%

Claim ratio

Minimum Age - 0 year%
Solvency Ratio

Solvency Ratio

2.35

Solvency Ratio

100 years
Branches

Branches

713+

Branches

Yearly, half-yearly
Riders Available

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider

Riders Available

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

Policy Term

5 to 30 years

Policy Term

5 to 30 years

Overview

Reliance Nippon Life Insurance: Overview

Reliance Nippon Life Insurance Company is among the leading private sector life insurance companies in India. It is one of the largest non-bank-supported private life insurers, serving over 10 million policyholders with a strong distribution network of 713 branches and 46,538 advisors as of March 31, 2024. The company holds a Claim Settlement Ratio of 98.74% as of March 31, 2024.

Reliance Nippon Life Insurance Company caters to your insurance needs by offering:

  • Affordable Premiums

  • Wide Scope Of Coverage

  • Customizable Plans

  • Rider Benefits

  • Enhanced Coverage Benefit Option

Riders

Riders You Can Avail with Reliance Life Insurance Plans

Name of the RidersBenefits
Reliance Life Major Surgical Benefit RiderUnder this rider, customers get coverage for 33 categories of surgeries, including major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition RiderUnder this rider, the customer gets a lump-sum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit RiderThis rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects their earning ability for more than 6 months.
Reliance Life Accidental Disability RiderUnder this rider, all future premiums of term plans will be waived off if the policyholder has any disability due to an accident and cannot earn for more than six months.

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Canara HSBC Investment Plans

Canara HSBC Investment Plans are financial products that help 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 life insurance cum saving plan. It offers comprehensive benefits of saving and prote...

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 years
  • 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. Unlike a normal...

Unique Features

  • Loyalty addition
  • Choice of 8 funds
  • Flexible Premium Payment Term

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 between different funds
  • Enhanced protection through riders
  • Life cover up to the age of 80 years

Canara HSBC Titanium Plus (Eligibility Criteria)

Canara HSBC Titanium Plus
  • Minimum entry age - 0 years
  • 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 for financial protection for their family, and maturity benefits. Th...

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 mortality charges
  • Partial withdrawal charges

Canara HSBC Invest 4G (Eligibility Criteria)

Canara HSBC Invest 4G
  • Minimum entry age: 18 years
  • 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.