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

Lic Term

✎ Edit

Canara Hsbc

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

Annual Premiums Collected (2024-25)

₹ 848.92 crores

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

98.15%%

Payout Options

99.43%%
Solvency Ratio

Solvency Ratio

2.11

Solvency Ratio

2.06
Pan India Presence

Pan India Presence

2048

Pan India Presence

100
Riders Available

Riders Available

Accidental Death and Disability Benefit, Critical Illness, Premium Waiver Benefit

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

1956

Inception year

2007
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.005

Complaint ratio per ₹1 crore of premium collected

0.031
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

15 Days
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Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

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Types of LIC Term Insurance Plans

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

LIC Tech Term Plan

The LIC Tech Term plan is an online, pure risk term insurance offering financial protection for families, with options for flexibl... Read More

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 65 years
View plan

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

Term Insurance Articles

Quick Comparison with Other Insurers

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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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