Iselect Smart 360 Term Plan vs Mera Term Plan Plus Term Insurance Plan 2026 | PolicyX

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Canara HSBC iSelect Smart 360 is a comprehensive protection plan that allows you to stay protected with a life cover at affordable premiums. It offers four plan options per your protection needs; you can choose from any of the options: Life Secure, Life Secure with Income, and Life Secure with Return of Premium. You can get a lump sum, regular income, or your premiums back if you stay healthy throughout the policy term. Plus, you can customize it with extra protections that suit your needs. It's simple to pick the right coverage, and you can even include your spouse in the same plan.

Let us explore the iSelect Smart 360 Term plan in this article.

Canara HSBC iSelect Smart 360 Term Plan offers you a range of benefits including:

  • Choice of Plan Option
  • Whole Life Cover
  • Child Care Benefit
  • Spouse Cover
  • Premium of Waiver
  • Life Stage Benefit
PLAN DETAILS

Iselect Smart 360 Term Plan

Mera Term Plan Plus

Premium Including GST
Key Features
(Key features of the plan)
  • 3 Plan Options
  • Add Your Spouse
  • Block The Premium
  • Comprehensive coverage
  • Plan enhancement options
  • Customizable plans
Plan Maturity age Maximum Maturity Age - 99 years Maximum Maturity Age - 70 years
Plan Sum Assured Basic Sum Assured: Rs. 25 Lakhs to no limit Basic Sum Assured: ₹₹5,000 per member to no limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 15 years Maximum Age - 65 years
Plan Payment modes Single pay, yearly, half-yearly, quarterly & monthly Annual, Semi-Annual, quarterly and Monthly
Plan Policy loan The policy loan is not available under iSelect Smart 360 Term Plan. The policy loan is not available under PNB Metlife Mera Term Plan Plus.
Plan Sample Premium Rs 543-/ per month Rs 545-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 81 years Minimum term - 10 years Maximum term - 99- entry age
Claim Settlement Ratio (2024-25) 99.43% 99.57%
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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 Canara HSBC iSelect Smart 360 Term Plan

You can add the following riders to your Canara HSBC iSelect Smart 360 Term Plan:

Accidental Death Benefit

Get an extra payout on top of base cover upon death due to an accident.

Accidental Total & Permanent Disability Premium Protection

Upon accidental total & permanent disability to the policyholder, your future premiums will be waived, and the policy will continue till maturity.

Critical Illness Premium Protection

If you are diagnosed with 40 pre-specified critical illnesses, your future premiums will be waived, and the policy will continue until maturity.

Terminal Illness Benefit

If you are diagnosed with any covered terminal illness, lump sum benefit up to a maximum of Rs. 2 Crores shall be payable while you're alive.

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