Canara Saral vs Acko Flexi Term Plan Term Insurance Plan 2026 | PolicyX

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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 plan is best for buyers who are looking for simple and low-cost protection. The policy provides coverage from ₹5 lakh to ₹25 lakh with premium discounts for non-smokers and females.

The Saral Jeevan Term Plan by Canara HSBC also offers discounts for non-smokers and females.

Canara HSBC Saral Jeevan Bima Plan offers you a range of benefits including:

  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Tax Benefits as per laws
  • Affordable Premiums
  • Get life cover till 70 years of age

 

PLAN DETAILS

Canara Saral

Acko Flexi Term Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Will Creation Services
  • Flexi Benefit
  • Optional Riders
Plan Maturity age Maximum Maturity Age - 70 years Maximum maturity age- 85 years
Plan Sum Assured Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs Base sum assured- Flexible sum assured
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 yearsMaximum Age - 70 years
Plan Payment modes Yearly, half-yearly & monthly Yearly, half-yearly, quarterly, and monthly
Plan Policy loan The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan. Policy loan is not available
Plan Sample Premium Rs 508-/ per month Rs 720-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum policy term- 5 years, Maximum policy term- 40 years
Claim Settlement Ratio (2024-25) 99.43% 99.70%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders You Can Avail With Acko Flexi Term Plan

You can choose the following riders with your Acko Flexi Term Insurance Plan to enhance your plan coverage:

Acko Life Critical Illness Rider

If the policyholder is diagnosed with critical illnesses, the rider benefits are paid.

ACKO Life Accidental Total Permanent Disability Benefit Rider

This rider offers benefits if the policyholder suffers total permanent disability due to an accident.

ACKO Life Accidental Death Benefit Rider

If the policyholder suffers death due to an accident, rider benefits are paid to either the policyholder or the nominee.

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