Compare

Canara Hsbc vs Axis Max Term Insurance

Canara Hsbc

Canara HSBC Life Insurance Company Limited is a major bancassurance-led insurance company with a vast portfolio of life insurance solutions and offers various products

Axis Max Term Insurance

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

COMPANY DETAILS

Canara Hsbc

Axis Max Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 4	No. of Plans 4
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 25341.91 Cr	Annual Premiums Collected (2023-24) 29528.97 Cr
Payout Options	Payout Options Lump sum, monthly or a combination of both	Payout Options Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both
Claim ratio	Payout Options 99.51%	Payout Options 99.70%
Solvency Ratio	Solvency Ratio 1.9	Solvency Ratio 1.8
Pan India Presence	Pan India Presence 231+	Pan India Presence 304
Riders Available	Riders Available Accidental Death Benefit, Accidental Total & Permanent Disability Premium Protection, Accidental Total & Permanent Disability Premium Protection Plus, Critical Illness Premium Protection, Critical Illness Premium Protection Plus, Terminal Illness	Riders Available Waiver of Premium, Comprehensive Accident Benefit Rider,Terminal Illness Rider, Total and Permanent Disability Cover, Critical Illness and Disability Rider
Policy Term	Policy Term 5 to 40 years	Policy Term 10 to 67 years

Know More About Companies

Overview

About Canara HSBC Life Term Insurance Plans

Canara HSBC offers 3 online term insurance plans: Young Term Plan, ISelect Smart 360 Term Plan, and Saral Jeevan Bima. Each plan is designed to cater to customers' needs, which helps secure your family financially in your absence. You can get a Canara HSBC young term insurance plan starting at just Rs. 751/ per month (T&Cs apply).

What are some of the
Benefits
that set them apart?

Get life cover till 99 years of age,
40 illness protection,
Return of total premium paid in case of no claim,
Block your premiums and increase cover by upto 100%,

Child care benefit,
High cover at affordable premiums,
Tax Benefits as per applicable laws,
In-built waiver of premium, etc.

Riders

Riders You Can Avail With Canara HSBC Term Insurance Plans

Name of the Riders	Benefits
Accidental Death Benefit	Get an extra payout on top of base cover’s upon death due to an accident.
Accidental Total & Permanent Disability Premium Protection	Upon accidental total & permanent disability to the policyholder, your future premiums will be waived, and the policy will continue till maturity.
Accidental Total & Permanent Disability Premium Protection Plus	Get an extra payout on top of the base cover lump sum in case of accidental total & permanent disability, and your future premiums will be waived.
Critical Illness Premium Protection	If you are diagnosed with 40 pre-specified critical illnesses, your future premiums will be waived, and the policy will continue until maturity.
Critical Illness Premium Protection Plus	Get additional coverage if you are diagnosed with any 40-covered critical illness, and your future premiums will be waived, and the policy will continue until maturity.
Terminal Illness Benefit	If you are diagnosed with any covered terminal illness, lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive.

Consult for Personalized Insurance Advice

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Term Insurance Companies

Term Insurance
Life Insurance

LIC Term Insurance

HDFC Term Insurance

ICICI Term Insurance

SBI Life Term Insurance

Max Life Term Insurance

TATA AIA Term Insurance

PNB Metlife Term Insurance

Bajaj Allianz Term Insurance

Bandhan Life Term Insurance

Kotak Life Term Insurance

Canara HSBC OBC Term Insurance

Bharti AXA Term Insurance

Aviva Term Insurance

Indiafirst Term Insurance

Exide Life Term Insurance

Edelweiss Tokio Term Life Insurance

Ageas Federal Term Insurance

Future Generali Term Insurance

Birla Sun Life Term Insurance

Reliance Term Insurance

Pramerica Term Insurance

Term Insurance Companies

LIC Of India

Hdfc Life Insurance

Icici Prudential Life Insurance

SBI Life Insurance

Max Life Insurance

TATA AIA Life Insurance

Pnb Metlife India Insurance

Bajaj Allianz Life Insurance

Aegon Life Insurance

Kotak Mahindra Life Insurance

Canara HSBC Life Insurance

Bharti AXA Life Insurance

Aviva Life Insurance

Indiafirst Life Insurance

Exide Life Insurance

Edelweiss Tokio Life Insurance

Ageas Federal Life Insurance

Future Generali Life Insurance

Birla Sun Life Insurance

Reliance Life Insurance

Pramerica Life Insurance Limited

Shri Ram Life Insurance

Sahara India Life Insurance

Life Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Canara HSBC Term Insurance

Explore India’s best-selling Term insurance plans below

Canara HSBC Life Insurance Company Limited is a major bancassurance-led insurance company with a vast portfolio of life insurance solutions and offers various products

iSelect Smart 360 Term

Canara HSBC iSelect Smart 360 is a comprehensive protection plan that allows you to stay protected with a life cover at affordable premiums. It offers...

Unique Features

3 Plan Options
Add Your Spouse
Block The Premium

iSelect Smart 360 Term (Pros)

3 Plan Options & Spouse Cover
Accidental Death Benefit
Accidental Total & Permanent Disability

iSelect Smart 360 Term (Cons)

No Policy Loan Allowed
No Maturity Benefit
No Benefit On Revival

iSelect Smart 360 Term (Other Benefits)

Critical & Terminal Illness
Option To Block Your Premium
5% Loyalty Discount

iSelect Smart 360 Term (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 81 Yrs
Premium Payment Term - RP/SP/LP(5&25 Years)

Canara HSBC Young Term Plan

Canara HSBC Young Term Plan is an online available pure protection term insurance plan. It offers two plan options, allowing policyholders to select t...

Unique Features

Life Stage Benefit
Special Exit Value
Child Care Benefit

Canara HSBC Young Term Plan (Pros)

2 Plan Options & Spouse Cover
Accidental Death Benefit
Accidental Total & Permanent Disability

Canara HSBC Young Term Plan (Cons)

No Policy Loan Allowed
No Pre-Existing Diseases Cover
No Benefit on Revival

Canara HSBC Young Term Plan (Other Benefits)

Critical & Terminal Illness
Option To Block Your Premium
5% Loyalty Discount

Canara HSBC Young Term Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 45 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 99 Yrs
Premium Payment Term - RP/SP/LP(5 To 15 Yrs)

Canara HSBC Saral Jeevan Bima

Canara HSBC Saral Jeevan Bima is a simple, easy to understand term insurance plan that comes with benefits like easy on pocket premiums, flexibility t...

Unique Features

Get Accidental Cover
Premium Discount for Female
Multiple Premium Paying Term

Canara HSBC Saral Jeevan Bima (Pros)

Available for Online Buying
Choose to Pay Premium Once
High Sum Assured

Canara HSBC Saral Jeevan Bima (Cons)

No Survival Benefit
No Maturity Benefit
No Surrender Benefit

Canara HSBC Saral Jeevan Bima (Other Benefits)

Suicide Cover
Spouse Cover
Policy Revival Within 5 Years

Canara HSBC Saral Jeevan Bima (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 5 L
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP(5&10 Years)

Canara HSBC Promise2Protect

Promise2Protect by Canara HSBC Life Insurance is a pure protection plan that offers policyholders to choose from two plan options: Life Secure and Lif...

Unique Features

Increasing Coverage Option
2 Plan Options
Spouse Coverage

Canara HSBC Promise2Protect (Pros)

Choice of Death Benefits
Spouse Coverage Option
Option to Increase Sum Assured

Canara HSBC Promise2Protect (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Canara HSBC Promise2Protect (Other Benefits)

Special Exit Value
Death Benefits
Maturity Benefits

Canara HSBC Promise2Protect (Eligibility Criteria)

Entry age - 18 years
Max entry age - 60 years
Min sum assured - Rs 15 lakhs
Max maturity age - 80 years
PPT - RP/SP/LP

Axis Max Life Term Insurance

Explore India’s best-selling Term insurance plans below

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan o...

Unique Features

Return of Premium Plan
Flexible-Premium Payment Term
1 Crore Max Sum Assured

Axis Max Life Premium Return Protection (Pros)

Terminal Illness Benefit
Smart Exit Benefit
Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

1 Year WP for Suicide
No Policy Loans
No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Death Benefit in Instalments
RP
WOP & 3 Riders
Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 84 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Total Elite Protection

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

Cover continuous benefit
Terminal illness cover
Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Special Exit Value
Accident Cover
Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Cover continuance benefit
Insta payment
Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - 1
Max maturity age - 85 years
PPT - RP/SP/LP

Axis Max Life Smart Secure Plus Plan

Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to ...

Unique Features

100% return of premium
Loyalty Discount of 5%
Increase your Sum Assured

Axis Max Life Smart Secure Plus Plan (Pros)

Income Protector
Rider Options
Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Limited Maturity Benefit
Plan Complexity
No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Enhance Cover at Milestones
Accelerated Critical Illness Benefit
Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Choice of Plan Variant
Cover Continuance Benefit
Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Option to Choose Whole Life Cover
Inbuilt Terminal Illness Cover
Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - Rs 2 lakhs
Max maturity age - 100 years
PPT - RP/SP/LP

Term Insurance Articles

See More Term Insurance Articles

Quick and Free Quick Comparison with Other Insurers

Axis Max Term Insurance

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Tata Aia Term Insurance

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

Hdfc Term Insurance Plans

Bajaj Allianz Term Insurance Plan

Tata Aia Term Insurance

Icici Term Insurance

Bandhan Term Insurance

Pnb Metlife Term Insurance

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.

Name of the Rider	Benefits
Axis Max Life Waiver of Premium	It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider	Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider	Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover	This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider	In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Canara HsbcvsAxis Max Term Insurance

Compare

Canara Hsbc vs Axis Max Term Insurance

Canara Hsbc

Axis Max Term Insurance

Know More About Companies

Overview

About Canara HSBC Life Term Insurance Plans

Axis Max Life Term Insurance Plans: Overview

Riders

Riders You Can Avail With Canara HSBC Term Insurance Plans

Riders You Can Avail With Axis Max Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Canara HSBC Term Insurance

iSelect Smart 360 Term (Pros)

iSelect Smart 360 Term (Cons)

iSelect Smart 360 Term (Other Benefits)

iSelect Smart 360 Term (Eligibility Criteria)

Canara HSBC Young Term Plan (Pros)

Canara HSBC Young Term Plan (Cons)

Canara HSBC Young Term Plan (Other Benefits)

Canara HSBC Young Term Plan (Eligibility Criteria)

Canara HSBC Saral Jeevan Bima (Pros)

Canara HSBC Saral Jeevan Bima (Cons)

Canara HSBC Saral Jeevan Bima (Other Benefits)

Canara HSBC Saral Jeevan Bima (Eligibility Criteria)

Canara HSBC Promise2Protect (Pros)

Canara HSBC Promise2Protect (Cons)

Canara HSBC Promise2Protect (Other Benefits)

Canara HSBC Promise2Protect (Eligibility Criteria)

Axis Max Life Term Insurance

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan (Pros)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Term Insurance Articles

Tata AIA 50 Lakh Term Insurance May, 2025

ICICI 1 Crore Term Insurance May, 2025

5 Crore Term Insurance Calculator Apr, 2025

Axis Max Life 1 Crore Term Insurance Apr, 2025

Tata AIA 1 Crore Term Insurance Apr, 2025

Smoking After Taking Term Insurance Apr, 2025

Term Insurance For Heart Patients Jan, 2025

Solvency Ratio in Term Insurance Sep, 2024

5 Crore Term Insurance Calculator Apr, 2025

75 Lakh Term Insurance Plan Mar, 2025

Term Insurance Plan for Smokers Aug, 2024

ICICI 1 Crore Term Insurance May, 2025

Quick and Free Quick Comparison with Other Insurers

Reviewed By: Naval Goel

No Gimmicks, No Spam. Genuine Advice from an Insurance Expert.

Talk To An Advisor

Insurance Experts

No Gimmicks

Talk to an advisor

Get the right insurance plan for you.

Available Slot

Consult with Expert Advisor

Are you sure you want to exit?

Confirmed

Canara Hsbc
vs
Axis Max Term Insurance

No Gimmicks, No Spam.
Genuine Advice from an Insurance Expert.