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For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
*T&C Apply | UIN:136N087V01 | IRDAI Regn No. 136 | WBR1YTPCHOMAY23 ENG
In This Policy, The Investment Risk In Investment Portfolio is Borne By The Policyholder.
Life Cover
Wealth Creation
Save Tax up to ₹46,8004
Explore our life insurance plans and choose the right insurance policy for your financial goals.
Young Term Plan
Life cover till 99 years of age
Special Exit Value
Cover for listed 40 Critical illnesses
Option to Block Premium Rate and increase cover by upto 100% at the blocked rate
Additional optional in-built covers for enhanced protection
Tax benefits as per prevailing tax laws
SAVINGS PLAN
5 plan options to choose from to protect your loved ones
Pay premiums for 5,7, or 10 years as per your financial goals
Payor Premium Protection Cover to secure your family’s future
Tax benefits may be available as per prevailing Tax Laws
Life Cover till 99 years of age
Option to Block the premium rate and increase cover by upto 100% at the blocked rate
Option to avail monthly income post attaining 60 years of age
Option to receive total premiums paid in case of no claim
Tax Benefits as per applicable laws
SAVINGS PLAN
Better value for high premium commitment
Guaranteed benefits payable on maturity
Life cover for the entire term
Flexibility to choose premium payment terms
8 funds and 4 fund management options to choose from
ULIP with Loyalty Additions and wealth boosters
Return of Mortality Charges on maturity
Flexibility to switch between the fund options
Option to cover yourself against Major Critical Illnesses
Lump-sum payout on diagnosis
Return of premium option available
High coverage option at affordable premiums
Guaranteed* lump sum payouts for child's education
Addition of regular annual bonuses
Multiple policy term options
Flexible premium payment terms
Backed by Canara Bank and HSBC Bank
Assets Under Management as of March 2023
In FY 2022-2023
We accept all the credit cards and debit cards for a smooth payment experience
Pay anytime & anywhere without any hassle
Pay NowWe value the promises you made to your loved ones. Hence our commitment is to keep those promises forever.
Modern is a mix of careful investment management and planning for the uncertainties of life. The start of any financial plan is always a sufficient and tailored insurance cover for life and health which protects you and your family from drastic unforeseen events.(Read More)
Mr. Anuj Mathur, MD and CEO
As a customer, you may be seeing a number of guaranteed plans in the market. The natural question that arises is – are such plans good for you and in the long run, do they help you build your financial strength and immunity over a given period of time.(Read More)
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer
It is important for customers to analyse the products on offer so that the product that is eventually purchased is most suited to their requirement.(Read More)
Mr. Akshay Dhand, Appointed Actuary
Millennials as a group is those who were born in the 80s and first half of the 90s, and are now at the cusp of entering a new life stage, where income growth coincides with growth in the family, as parents become older, bringing in additional responsibilities and expenses.(Read More)
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer
Financial planning is a tricky task even for those who have awareness about this field compared to others. However, it can have a significant impact on the lifestyles of individuals if not planned carefully.(Read More)
Mr. Akshay Dhand, Appointed Actuary
The premium paid per year increases if one chooses a limited premium payment period, say for 10 years rather than throughout the cover period.(Read More)
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer
When buying a term insurance policy, you aim to secure the future of your wife and children in your absence. You want that the claim amount reaches them quickly and without any hassles.(Read More)
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer
Choosing the right life insurance policy and following some basic rules are very important to safeguard the interest of you loved ones in these uncertain times. (Read More)
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer
In the post covid19 world, life insurers are looking to ride on changed consumer preference to guaranteed income products.(Read More)
Mr. Akshay Dhand, Appointed Actuary
A life insurance product is by far the most comprehensive investment option for the customers offering the best of all the worlds - right from protection, investment, and liquidity to tax benefit.(Read More)
Mr. Akshay Dhand, Appointed Actuary
In recent times, we all have understood the importance of Insurance and its benefits to an individual during utmost need.(Read More)
Mr. Anuj Mathur, MD and CEO
Life insurance policy is a versatile investment that ranges from the necessary plan for the financial safety of the family to your own. For example, term life insurance plans are important to ensure the long-term financial safety of your dependents, while retirement and pension plans ensure financial safety for you after retirement.
Life insurance companies provide multiple plans to serve your various important financial needs in life. You can buy a life insurance plan for pure financial protection, wealth building, retirement, wealth preservation and even for legacy goals.
Investment plans from life insurance companies are some of the best long-term wealth preservation investments. Due to their tax-exempt nature, the plans offer a perfect place to park your wealth for protection against inflation over long periods.
An insurance is a legal agreement between an insurer (insurance company) and an insured (individual), in which an insured receives financial protection from an insurer for the losses he may suffer under specific circumstances.
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Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a sum of money to the beneficiary when the insured person dies or after a pre-determined period in exchange for the premiums paid by policyholder.
Read More
Choosing the right type of life insurance policy is one of the most important requirements for a comfortable, hassle-free life. Not only does a life insurance policy guarantee that one’s dependents will be well looked after even if they are no longer around, but it can also contribute to building a substantial corpus to fulfill their future financial goals.
Read MoreThe life insurance premium is the cost of life insurance cover or plan that you agree to pay regularly for the plan. Life insurance premium amount for the protection plans like term insurance and critical illness covers comprise of majorly protection cost. Premium amount of other policies such as ULIPs, endowment and money back plans will carry a major part as investment premium.
Life insurance types in India comprise of protection plans, wealth preservation plans, retirement plans, child education plans, and wealth-building plans. Term life and critical health insurance plans are protection life insurance plans. Life insurance plans like endowment and money back plans are wealth preservation plans, while ULIPs are wealth building plans. Apart from these, you can also invest in legacy plans, which are also called whole life insurance plans.
Sum assured in a life insurance plan usually refers to the available guaranteed life cover or death benefit in the plan. While buying protection plans like term life insurance your sum assured or life cover should be at least 10 times your annual income. However, this should go about 15 times, if you are not investing in life insurance plans for important goals of your family like child education and marriage. This is to ensure that your child’s goals are still fulfilled even after your untimely demise.
Life insurance premium considers multiple factors which usually determine the risk of early demise for you. For example, your present and past medical history, lifestyle habits, occupation, hobbies, and more than anything else your age. The best way to calculate your life insurance premium is to use the online calculators provided for the specific plans.
The best age to buy a life insurance plan is as soon as you have started earning money. The minimum legal age to enter into a life insurance contract is 18 years. Thus, you can consider this as the lower limit for getting life insurance cover in India. However, life insurance is generally available only when you have an income, even if the interest income is from invested wealth. As a homemaker, however, you can get life insurance even without a direct income if your spouse agrees to pay the premium.
Canara HSBC Life Insurance is a joint venture of the three largest and trusted financial institutions in India. Also, Canara HSBC Life Insurance follows a digital-first approach to serving its customers. Thus, regardless of where you are in the world, you can always manage your policies or file claims with ease. InstaPromise® initiative of the life insurance company allows your family to receive death benefits from your term policy within a couple of days after a claim.
One important thumb rule that is widely followed in life insurance is about the total life cover an individual should have. As per this thumb rule, you should have a life cover of anywhere between 10 to 20 times your annual income. However, this is the total life cover. Thus, this will include your life cover under term life insurance plan, child plan, endowment or money back plans and retirement plans.
Also Read - Insurance Meaning
Yes, NRIs can buy life insurance plans in India. Apart from NRIs, even PIOs (persons of Indian origin) can also buy life insurance plans in India. NRIs buying life insurance plans in India also receive the tax benefits available under section 80C in India.
We are dedicated towards helping our customers safeguard their financial future. Our aim is to provide reliable and innovative insurance options that caters to the needs and goals of every customer. Keeping this in mind, we offer a range of insurance policies such as health insurance, term insurance, Unit Linked Insurance Plan, retirement plan, pension plan and child education plan along with additional benefits.
Our primary focus while offering these products is to ensure that customer needs and expectations are fulfilled through their life cycle. The financially affordable solutions cater to each of the customer segments and are backed by quality service with an unflinching resolve to remain engaged with the customer through our relationship. So, get insured today. Buy your plan online in just a few clicks.
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