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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:

| PLAN DETAILS |
Canara Saral |
Sbi Smart Shield Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum maturity age- 100 years |
| Plan Sum Assured | Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs | Base sum assured- Rs 25 lakhs to No limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 45 years |
| Plan Payment modes | Yearly, half-yearly & monthly | Yearly |
| 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 645-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 40 years | Minimum policy term- 5 years to 79 minus entry age |
| Claim Settlement Ratio (2024-25) | 99.43% | 98.83% |
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Canara HSBC Term Insurance Plans |
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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.
You can choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:
This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.