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Isecure Loan Plan vs Canara Saral

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Isecure Loan Plan vs Canara Saral

Isecure Loan Plan

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can protect your loved ones till 60 years of age. Bajaj iSecure Loan Plan offers you a range of benefits including: Premium Flexibility  Tax Bene...

Canara Saral

Canara HSBC Saral Jeevan Bima is a simple, easy to understand term insurance plan that comes with benefits like easy on pocket premiums, flexibility to choose your own policy term and premium payment term. It gives a lump sum payment to your nominee in the event of your demise.Canara HSBC Saral Jeev...

PLAN DETAILS

Isecure Loan Plan


Canara Saral

Premium Including GST
Key Features
(Key features of the plan)
  • Protection against loan
  • Joint life cover
  • Rider benefits
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
Plan Maturity age Maximum Maturity Age - 65 years Maximum Maturity Age - 70 years
Plan Sum Assured Base sum assured: Rs 3 lakhs to no limit Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs
Plan Entry Age Minimum Age - 18 years Maximum Age - 60 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Yearly, half-yearly & monthly
Plan Policy loan The policy loan is not available under isecure Loan Plan The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan.
Plan Sample Premium Rs 788/- per month Rs 508-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 25 years Minimum term - 5 years Maximum term - 40 years
Claim Settlement Ratio (2023-24) 99.29 99.43%
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Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

* 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.

Know More About Plans

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can protect your loved ones till 60 years of age.

Bajaj iSecure Loan Plan offers you a range of benefits including:

why-choose
  • Premium Flexibility 
  • Tax Benefit
  • Surrender Value
  • Additional riders to choose from
  • Death benefits
  • Choice of sum assured

Riders

Riders Associated with Bajaj i-Secure Loan Term Plan

You can add the following riders to your Bajaj i-Secure Loan Term Plan:

Bajaj Accidental Death Benefit Rider

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

Bajaj Waiver of Premium Benefit Rider

Future premiums are waived off in case of the policyholder’s demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.

Bajaj Accidental Permanent Total/ Partial Disability Benefit Rider

Under the accidental disability rider,Benefits are offered in case of the policyholder’s disability or demise due to the accident.

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