Indiafirst
vs
Canara Hsbc

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Indiafirst vs Canara Hsbc

Indiafirst

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

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

COMPANY DETAILS Edit IndiaFirst Term Insurance Company Limited

Indiafirst

Edit Canara HSBC Term Insurance

Canara Hsbc

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

074.53 Cr

Annual Premiums Collected (2023-24)

25341.91 Cr
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

97.04%%

Payout Options

99.51%
Solvency Ratio

Solvency Ratio

2

Solvency Ratio

1.9
Pan India Presence

Pan India Presence

500+

Pan India Presence

231+
Riders Available

Riders Available

Term Rider 

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
Policy Term

Policy Term

5 to 40 years

Policy Term

5 to 40 years

Know More About Companies

Overview

IndiaFirst Term Insurance: Overview

IndiaFirst Term plans are designed to establish a strong financial net for your loved ones in case of the uncertain demise of the policyholder. IndiaFirst Term Insurance offers a wide variety of insurance plans, including term plans, as part of its product offering. These term plans offer a range of benefits for the policyholders.

IndiaFirst is one of the trusted and reputed insurers in the industry with a high claim-settlement ratio of 97.04% and a solvency ratio of 2. You can choose additional riders with the IndiaFirst Term Plans.

What are some of the
Benefits
that set them apart?

  • Choice of policy tenure,

  • Choice of premium payment options,

  • Enhanced rider options to choose from,

  • Affordable premiums,

  • Choice of sum assured,

  • A variety of plan options, etc.

Riders

Riders You Can Avail With IndiaFirst Term Insurance Plans

Name of the rider Benefits
IndiaFirst Term Rider  This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

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IndiaFirst Term Insurance

Explore India’s best-selling Term insurance plans below

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

IndiaFirst Life Guaranteed Protection Plus Plan is a unique term life insurance plan that meets every requirement. India First Life Guaranteed Protect...

Unique Features

  • Multiple Plan Options
  • Cover for Critical Illness
  • Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan
  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan
  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan
  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

IndiaFirst Guaranteed Protection Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

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

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)

iSelect Smart 360 Term
  • 3 Plan Options & Spouse Cover
  • Accidental Death Benefit
  • Accidental Total & Permanent Disability

iSelect Smart 360 Term (Cons)

iSelect Smart 360 Term
  • No Policy Loan Allowed
  • No Maturity Benefit
  • No Benefit On Revival

iSelect Smart 360 Term (Other Benefits)

iSelect Smart 360 Term
  • Critical & Terminal Illness
  • Option To Block Your Premium
  • 5% Loyalty Discount

iSelect Smart 360 Term (Eligibility Criteria)

iSelect Smart 360 Term
  • 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 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)

Canara HSBC Young Term Plan
  • 2 Plan Options & Spouse Cover
  • Accidental Death Benefit
  • Accidental Total & Permanent Disability

Canara HSBC Young Term Plan (Cons)

Canara HSBC Young Term Plan
  • No Policy Loan Allowed
  • No Pre-Existing Diseases Cover
  • No Benefit on Revival

Canara HSBC Young Term Plan (Other Benefits)

Canara HSBC Young Term Plan
  • Critical & Terminal Illness
  • Option To Block Your Premium
  • 5% Loyalty Discount

Canara HSBC Young Term Plan (Eligibility Criteria)

Canara HSBC Young Term Plan
  • 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 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)

Canara HSBC Saral Jeevan Bima
  • Available for Online Buying
  • Choose to Pay Premium Once
  • High Sum Assured

Canara HSBC Saral Jeevan Bima (Cons)

Canara HSBC Saral Jeevan Bima
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Canara HSBC Saral Jeevan Bima (Other Benefits)

Canara HSBC Saral Jeevan Bima
  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Canara HSBC Saral Jeevan Bima (Eligibility Criteria)

Canara HSBC Saral Jeevan Bima
  • 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)

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)

Canara HSBC Promise2Protect
  • Choice of Death Benefits
  • Spouse Coverage Option
  • Option to Increase Sum Assured

Canara HSBC Promise2Protect (Cons)

Canara HSBC Promise2Protect
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Canara HSBC Promise2Protect (Other Benefits)

Canara HSBC Promise2Protect
  • Special Exit Value
  • Death Benefits
  • Maturity Benefits

Canara HSBC Promise2Protect (Eligibility Criteria)

Canara HSBC Promise2Protect
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 15 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP
Naval Goel

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.