1. Canara HSBC iSelect Smart360 Term Plan
Canara HSBC Life Insurance iSelect Smart360 Term Plan is your financial companion ensuring your family's financial safety in the face of adversity with three plan options namely, life secure, life secure with income and life secure with return of premium. The plan offers a lump sum amount or regular income to the life assured. The plan is a Non-Linked, Non-Participating, Individual, Pure Risk Premium plan which comes as an all-in-one product.
- Avail life cover till 99 years of age.
- Individuals can avail of no-claim benefits wherein they have the option to get return of total premiums paid in case of no claims.
- Terminal Illness Benefit Available.
- Additional lump sum benefit is available in case the insured life is diagnosed with a critical illness, accidental death or accidental total or permanent disability.
- Child Care benefit is available as an optional benefit.
Eligibility Criteria of Canara HSBC iSelect Smart 360 Term Plan
Entry Age | Minimum Policy Term | Premium Payment Term | Minimum Sum Assured |
Minimum: 18 Years Maximum: 65 Years Single Premium: 40 Years For PPT of Up to 60 years: 55 Years Non-Working Spouse: 50 Years (40 Years for Single Premium) |
5 Years | Yearly/Half Yearly/Quarterly/Monthly/Single | INR 25 Lakh Critical Illness: INR 5 Lakh |
2. Saral Jeevan Bima
The plan is an easy and affordable plan for individuals that offers a lump sum benefit in case of death of the insured individual. It offers flexible basic sum assured, premium payment term, policy term, and premium payment frequency.
- An affordable insurance cover.
- Ensuring financial protection for your family in case of your absence.
- Easy-to-understand and hassle-free purchase process.
- Multiple premium payment terms offered to individuals such as single premium, 5 or 10 years limited premium payment, and payment throughout the policy term).
- Avail of tax benefits under the plan.
Eligibility Criteria of Saral Jeevan Bima
Entry Age | Minimum Policy Term | Premium Payment Term | Minimum Sum Assured |
Minimum: 18 Years Maximum: 65 Years |
5 Years to 40 Years | Single/ Limited Payment - 5/10 year and Regular Payment - Equal to the Policy Term | INR 5 to 25 Lakh |
Calculate Canara HSBC Term Insurance Premium
To get an estimate of premiums you need to pay under Canara HSBC term plans, we have provided the sample premium illustration, that will give you an insight into the premiums. Take a look:
Canara HSBC iSelect Smart360 Term Plan
Plan Option | Life Secure | Life Secure with Income | Life Secure with Return of Premium |
Premium Payable (in Rs.)** | 808 | 808 | 2,300 |
**Premiums shown for a 30-year-old non-smoker male, with a chosen Sum Assured of Rs. 1 Cr, and a policy term of 20 years.
How To Purchase Canara HSBC Term Insurance Plan?
- Visit the official website of Canara HSBC Life Insurance.
- Select the desired term plan from the list of 'life insurance plans' tab present at the top of the page.
- Now click on 'check premium' and provide the personal details required.
- Tap on 'next' and check the details of the chosen plan as per your requirements.
- Click the 'buy' button and make the payment of the policy.
- A confirmation email along with the soft copy of the policy will be sent to your registered email Id.
**Only Canara HSBC iSelect+ Term Plan and Canara HSBC iSelect Star Term Plan are available for online purchase. You need to visit the nearest Canara HSBC life insurance branch to buy another Canara HSBC term insurance plan.
How to Settle a Claim for Canara HSBC Term Insurance Plan?
Filling a claim for the Canara HSBC Term plan is an easy 3 step process. Read along to find the easy and hassle-free process of settling claims:
Claim Registration
To register the claim, the beneficiary needs to intimate the insurer about the incident. (S)he can do the same in the following ways:
- Either by filling the online claim intimation form, or
- Calling on the toll-free number 1800-103-0003/1800-180-0003 or write at customerservice[at]canarahsbclife[dot]in, or
- Locate the nearest branch/office from the official website of the company and submit the duly filled claim form along with necessary documents.
The insurer will provide some more forms to be filled that can be collected over email or from the respective branch.
Claim Verification
On receipt of your claim by the company, they will verify all the forms and documents according to the terms and conditions of the policy. The company may contact you for clarifications if any.
Claim Settlement
After successful verification, the decision will be communicated to the policyholder/nominee and the claim will be processed accordingly.
Documents Required During Claim Process
The documents that need to be submitted together with the duly filled form are as follows:
- Original policy document.
- Death Certificate issued by Municipal authorities.
- Copy of Bank Pass Book/ Canceled Cheque.
- Hospital/Other treatment records.
- Photo Identification & address proof of the claimant.
- Physician's Statement.
In the case of unnatural/accidental deaths, the following additional documents will be required by the company:
- Police reports (FIR, Panchnama, Police investigation report & Viscera Report).
- Newspaper cutting (detailing the incident, if any).
Canara HSBC Term Insurance: Contact Details
Canara HSBC Life Insurance Company Ltd, 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram - 122018, Haryana, India
SMS 'CALLBACK' to 09779030003 / customerservice@canarahsbclife.in
1800-103-0003/1800-180-0003 (MTNL/BSNL)
Canara HSBC Term Insurance: FAQs
1. Does Canara Term Plan provide flexibility to select a premium renewal date?
Yes, insurance holders can select their renewal premium date for Canara HSBC Term Plans purchased.
2. What are the documents required for the claim settlement process of Canara HSBC Term Insurance Plans?
The documents that need to be submitted together with the duly filled form are as follows:
- Original policy document.
- Death Certificate issued by Municipal authorities.
- Copy of Bank Pass Book/ Canceled Cheque.
- Hospital/Other treatment records.
- Photo Identification & address proof of the claimant.
- Physician's Statement.
In the case of unnatural/accidental deaths, the following additional documents will be required by the company:
- Police reports (FIR, Panchnama, Police investigation report & Viscera Report).
- Newspaper cutting (detailing the incident, if any).
3. Does Canara HSBC offer EMI options to pay renewal premiums?
Yes, Canara HSBC term plans can be purchased by providing EMI Options on renewal premiums to the insurance holders.
4. What is the claim settlement ratio for Canara Term Insurance?
Canara HSBC Term Insurance plans offer a high claim settlement ratio every year. For the financial year 2021-22, the claim settlement ratio for Canara Term Insurance Plan is 98.44% which indicates the brand's reliability and trust of its customers.
5. What are the various term insurance plans offered by Canara HSBC Life Insurance?
There are 2 versatile term insurance plans offered by Canara HSBC Life Insurance that are Canara HSBC iSelect smart 360 term plan and Canara HSBC Saral Jeevan Bima.
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Canara HSBC Term Insurance Reviews
Read what our customers have to say about Canara HSBC Term insurance company

Priyanshi Deewan
Hyderabad
July 6, 2022
I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

Rishabh Kumar
Delhi
July 6, 2022
I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

Samarth Gaur
Chennai
July 6, 2022
I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

namita
Coimbatore
February 24, 2022
Good company with effectively packaged plans. Polite customer care team who are ready to help with every query

Barkha Khanna
Delhi
September 27, 2021
One of the best Life Insurance companies. Amazing company with amazing customer support. I would definitely recommend this company to others.

Sunita Gupta
Dehradun
September 21, 2021
I found many options while going through the website of Policyx.com. But I chose the Canara HSBC Life Insurance. Great company, uncluttered and easy to understand.

Anjana Pandey
Jaipur
September 20, 2021
Amazing company. got my claims settled quickly after my husband s death. Thank god he bought this policy. we have now money to fulfil our day to day needs