Aviva Term vs Canara Hsbc Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Aviva Term

✎ Edit

Canara Hsbc

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

Annual Premiums Collected (2024-25)

₹ 1306.77 crore

Annual Premiums Collected (2024-25)

₹ 027.46 crore
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Payout Options

99%%

Payout Options

99.43%%
Solvency Ratio

Solvency Ratio

1.93

Solvency Ratio

2.06
Pan India Presence

Pan India Presence

122+

Pan India Presence

100
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider, Waiver of Premium Rider, Cancer Cardio

Riders Available

Accidental Death Benefit, Child Care/Child Support benefits, Accidental Total & Permanent Disability (ATPD), Accidental Total & Permanent Disability Benefit Plus, Terminal Illness Cover, Premium Block Feature
Inception year

Inception year

2002

Inception year

2007
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.088

Complaint ratio per ₹1 crore of premium collected

0.031
Average claim settlement time

Average claim settlement time

5 working days

Average claim settlement time

15 Days
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Term Insurance Plans of Aviva Life Insurance

Term Insurance Plans of Aviva Life Insurance

Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

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Types of Canara HSBC Term Insurance Plans

Every plan currently being sold by Canara HSBC Term Insurance, shown side-by-side so you can shortlist quickly.

Canara HSBC Young Term Plan

The Canara HSBC Young Term Plan is an online pure protection term insurance offering two options: Life Secure (lump sum on death) ... Read More

Unique Features

  • Life Stage Benefit
  • Special Exit Value
  • Child Care Benefit
Sum AssuredEntry Age - 18 years
Entry AgeMax Entry Age - 45 years
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Canara HSBC Saral Jeevan Bima

The Canara HSBC Saral Jeevan Bima is an affordable term plan offering simple, low-cost protection with coverage from ₹5 lakh to ... Read More

Unique Features

  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
Sum AssuredEntry Age: 18 Years. Maximum Entry Age: 65 Years. Minimum Sum Assured: 5 Lakh. Maximum Maturity Age: NA. Premium Payment Term: RP/SP/LP (5 & 10 Years).
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Canara HSBC Promise2Protect

Canara HSBC Life Insurance's Promise2Protect is a term insurance plan offering pure protection, with an option for return of premi... Read More

Unique Features

  • Increasing Coverage Option
  • 2 Plan Options
  • Spouse Coverage
Sum AssuredEntry age – 18 years
Entry AgeMax entry age – 60 years
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Term Insurance Articles

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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