Canara Hsbc vs Bajaj Term Insurance Plan Term Insurance 2026 | PolicyX
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Canara Hsbc

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Bajaj Term Insurance Plan

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

Annual Premiums Collected (2024-25)

₹ 027.46 crore

Annual Premiums Collected (2024-25)

₹ 160.06 cr
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump sum, monthly, Lump sum + monthly, Lump sum + increasing monthly payout
Claim ratio

Payout Options

99.43%%

Payout Options

99.66%%
Solvency Ratio

Solvency Ratio

2.06

Solvency Ratio

2.69
Pan India Presence

Pan India Presence

100

Pan India Presence

598
Riders Available

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

Riders Available

Terminal Illness Rider, Waiver of Premium Benefit Rider, Critical Illness Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Accidental Death Benefit Rider, Family Protect Rider
Inception year

Inception year

2007

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.031

Complaint ratio per ₹1 crore of premium collected

0.029
Average claim settlement time

Average claim settlement time

15 Days

Average claim settlement time

24 hours
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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
View plan

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).
View plan

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
View plan

Types of Bajaj Term Insurance Plans

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

Bajaj iSecure plan

Bajaj iSecure is a non-linked, non-participating term insurance plan offering advanced, low-cost coverage with a 105% death benefi... Read More

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 Lakhs Max Sum Assured
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Secure

Bajaj Life Secure is a whole life term insurance plan offering coverage up to 100 years, with flexible premium payment terms and c... Read More

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver of Premium
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Saral Jeevan Bima

Bajaj Saral Jeevan Bima is a pure-risk term insurance plan providing financial security with a death benefit and tax advantages un... Read More

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured.
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj iSecure Loan

The Bajaj iSecure Loan Term Insurance Plan provides crucial debt protection, ensuring outstanding home, personal, or other long-te... Read More

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits
Sum AssuredMinimum Entry Age: 25 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Lifestyle Secure

Bajaj Lifestyle Secure is a term insurance plan that combines life cover with protection against critical and terminal illnesses. ... Read More

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
Sum AssuredEntry Age: 18 years
Entry AgeMaximum Entry Age: 50 years
View plan

Bajaj Life Smart Protect Goal

The Bajaj Life Smart Protect Goal is a flexible and economical term insurance plan, offering four distinct variants and the option... Read More

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Diabetic Term Plan Sub 8 HbA1c

The Bajaj Life Diabetic Term Plan Sub 8 HbA1c offers term insurance coverage tailored for pre-diabetics and type 2 diabetics, ensu... Read More

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion
Sum AssuredMinimum Entry Age: 30 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

Bajaj iSecure More

The Bajaj iSecure More is an increasing cover term insurance plan that provides a financial safety net, with the sum assured growi... Read More

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Life Superwoman Term Insurance Plan

Bajaj Life Superwoman Term Insurance is a specialized plan for women, offering comprehensive financial protection for their famili... Read More

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit
Sum AssuredEntry age: 18 years Maximum entry age: 60 years Minimum sum assured: ₹50 lakhs Maximum maturity age: 99 years Premium Payment Term (PPT): Regular Pay (RP)
Entry AgeSingle Pay (SP)
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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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