Canara Saral vs Jeevan Amar 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

Jeevan Amar Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 80 years
Plan Sum Assured Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs Rs 25 lakhs to No Limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Yearly, half-yearly & monthly Annual, half-yearly, quarterly & monthly
Plan Policy loan The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan. The policy loan is not available under LIC Jeevan Amar.
Plan Sample Premium Rs 508-/ per month Rs 576-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum term - 10 years Maximum term - 40 years
Claim Settlement Ratio (2024-25) 99.43% 98.15%
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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 Associated with LIC Jeevan Amar Plan

You can add the following riders to your LIC Jeevan Amar Plan:

LIC's Accident Benefit Rider

In case of the policyholder's demise due to an accident, benefits are paid to their nominee.

Other Term Insurance Companies

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