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Exide Term vs Canara Hsbc

COMPANY DETAILS

Exide Term

Canara Hsbc

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans -	No. of Plans 4
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) 920.58 Cr	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 99.68%	Payout Options 99.43%%
Solvency Ratio	Solvency Ratio 1.94	Solvency Ratio 2.06
Pan India Presence	Pan India Presence 100+	Pan India Presence 100
Riders Available	Riders Available Accidental Death, Disability and Dismemberment Rider, Critcal Illness Rider	Riders Available Accidental Death Benefit, Child Care/Child Support benefits, Accidental Total & Permanent Disability (ATPD), Accidental Total & Permanent Disability Premium protection plus, terminal illness cover, and block your premium
Policy Term	Policy Term 10 to 35 years	Policy Term 5 to 40 years
Inception year	Inception year 2001	Inception year 2007
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected 0.002	Complaint ratio per ₹1 crore of premium collected 0.031
Average claim settlement time	Average claim settlement time 30 days	Average claim settlement time 15 Days
IRDAI registration number	IRDAI registration number 114	IRDAI registration number 136
Awards and recognitions	Awards and recognitions Product of the Year 2019, Digital Insurer of the Year 2018, Indian Insurance Award 2016	Awards and recognitions 2nd in Top Investment House, Recognized as a great place to work for continuous 4 years, Fraud Prevention Insurance Company
Recommended Videos	Canara HSBC Term Insurance Plans

Overview

Exide Life Term Insurance Plans

Exide Life Insurance offers multiple term insurance plans designed to provide financial protection and long-term security for your family. With five term plans available, it focuses on affordable premiums, high life cover, and flexible policy options. Not only do these term plans offer financial help to the beneficiary in the absence of the insured, but also come with a bucket full of features like tax benefits, additional options for riders, affordable premiums, wide coverage, and much more.

What are the
key features
of this plan?

Long term cover
Return of premium
Enhanced protection

Affordable Premiums
Tax benefits
Flexible PPT

Riders

Riders You Can Avail With Exide term insurance Plans

Name of the Riders	Benefits
Exide Life Accidental Death, Disability and Dismemberment Rider	Under this rider upon the any unfortunate event of disability and Dismemberment to the life insured, a lump sum payout will be given to the nominee.
Exide Life Critcal Illness Rider	Under Exide Life Critical Illness rider a lump sum equal to the rider sum assured will be payable to the nominee, upon diagnosis of critical illness during the policy term.

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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 that offers two plan options, allowing policyholders to select ...

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 an affordable term plan with flexible term, lump sum cover, and day 1 accidental death benefit. The design of this pl...

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

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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 Riders	Benefits
Accidental Death Benefit	Get an extra payout on top of base coverage 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, a lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive.

Exide Term vs Canara Hsbc

Compare

Exide Term vs Canara Hsbc

Overview

Exide Life Term Insurance Plans

About Canara HSBC Life Term Insurance Plans

Riders

Riders You Can Avail With Exide term insurance Plans

Riders You Can Avail With Canara HSBC 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)

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