Exit Pop Up

Live Life More Confidently

Get best insurance from our experts

Name is required Name should be Valid
Mobile Number is required Mobile Number should be Valid
DOB is required DOB should be Valid
Annual Income is required
Please tick to proceed further.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

₹1 Crore Life Cover at ₹626/month**

Sleep Better Knowing Their Future is Secure

  • Life Cover at Low Premiums
  • Return of Premium Option
  • Spouse Cover Option
  • Tax Benefits

                                                                             

Start the promise of protection here!

Enter Valid Name Enter Your Name
Enter Valid Mobile Number Enter Your Mobile Number
Enter Valid Email Enter Your Email
12/11/1997
This plan is not available for below 18 years of age Enter your Date of Birth
Enter Valid State Enter Valid State
Enter Valid Pin Code Enter Valid Pin Code
Annual Income should be greater than 5 Lakh Select your annual income
Consent is required

Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy Holder Name

Policy No.

Policy Number

Address of the Policyholder as per records

Address

Unclaimed Amount

Unclaimed Amount

Request Registered

Thank You for submitting the response, will get back with you.

.  Please use this ID for all future communications regarding this concern.

Request Registered

Thank You for submitting the response, will get back with you.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

About Young Term Plan

Canara HSBC Life Insurance Young Term Plan is a flexible life insurance policy designed to cater to individual needs. It is a non-linked, non-participating, individual, pure-risk premium plan that provides two plan options based on your financial needs i.e. Life Secure and Life Secure with Return of Premium.

 

You can think of it as a shield, protecting them from life's uncertainties. If something unexpected happens to you, the plan will provide your loved ones with a lump sum amount so that they can at least fight the financial storm and keep their life and dreams on track. You can relax knowing your loved ones will be cared for, no matter what.

How Much Term Insurance Cover Do You Need?

Insurance experts recommend buying term insurance plans covering 15-20 times your annual income. For example, if your yearly salary is Rs 8 lakh, a term insurance plan must include a minimum ₹1 crore term plan. Human Life Value (HLV) is a scientific method to calculate your life insurance needs.

  • Age:Younger adults can generally pay the premium for a long time with fewer chances of illness, keeping the premium rate low. Older people are more susceptible to diseases but have lesser capacity to pay and have to pay higher premiums. Buy a smart term plan that offers appropriate riders to enhance your current plan.
  • Current Cost of Family:Each family has its lifestyle and expenses. The amount needed to cover those regular expenses will vary from family to family. You don't want your family's lifestyle to suffer if something happens to you. Hence, you must consider the current expenses to ensure you buy a term insurance plan with the right sum assured.
  • Education:Your child’s future depends on your savings. Term insurance allows you to protect your child’s future even if you are not around. You don't want your children's education interrupted due to financial problems. Calculate the sum assured that covers children's education and buy the right term insurance plan.
  • Wedding:Financial issues may impact your child’s marriage. If you are concerned about your children's wedding and want them to have it the best - whether you are there or not - you must consider it while calculating the sum assured. The best term life insurance plan helps you at every stage of life – no matter what.
  • Premium:You should calculate your ability to pay the premium. The premium amount must be more comfortable to pay so that you won't think of continuing with your term policy. Also, choose the right premium payment mode based on your finances. A term insurance plan offers multiple premium payment options that you can choose from.

Find the Coverage Your Family Needs

Life is unpredictable, but your family's future doesn’t have to be. Our term insurance calculator helps you determine the right coverage to protect your loved ones against life’s uncertainties. Estimate what you need in just a few clicks and give your family the peace of mind they deserve.

Calculate Term Insurance Premium

A term insurance calculator is a useful online tool that helps you determine how much coverage you need based on your income, lifestyle, and family’s needs.

1
My Income
2
My current Cover
3
Additional Details
4
Our Recommendation
My Income
My current Cover
Additional Details
Our Recommendation
Total Life Cover Recommended
50 Lakh
12.5 Lakh
75 Lakh
Zero
1 Crore
Where do you stand
Additional Life Cover
Hi {name}
To secure your family’s financial future and protect their dreams,
you’ll need an additional cover of
rs 10,000
Note: This is a very brief calculation of HLV
Secure Now
Recalculate
Desclaimer-

The above calculation and illustration of figures are indicative only and not on actual basis.

Steps To Buy the Plan

Here are some simple steps to buy a term insurance:

1
Step1 Step 1

 Choose the sum assured based on factors such as your income, number of dependents, debts, and family’s future needs and goals. Generally, the amount is 10-12 times your income.
Step1
2
Step2 Step 2

Select the plan option and add-on coverage. You can also choose the suitable premium payment term and mode.
Step2
3
Step3 Step 3

You can pay the policy premium and get the plan. Protect your family's future financially.
Step3

Canara HSBC Life Insurance - A Name You Can Always Count On!

We have over 15 years of experience in delivering exceptional value to our customers through our range of individual and group insurance solutions, designed to meet their various needs, including term insurance, savings and investment, retirement, protection, and more.

15,700 Partner Branches

15,700 Partner Branches

Canara Bank, HSBC India, Other Alternate Channels

₹400,127.4 Mn Assets Managed

₹400,127.4 Mn Assets Managed

Assets managed as of March 2024

99.31% Claims Settled

99.31% Claims Settled

Claims Settled in FY 2023-2024

215.00% Solvency Ratio

215.00% Solvency Ratio

Way above the IRDAI mandate

Frequently Asked Questions

You should have term insurance coverage of at least 10 or 12 times your yearly income. This sum may be sufficient to cover future expenses and stay afloat during inflation.

Yes, upon the insured's demise within the policy term, the insurer pays the full amount as a death benefit. However, if you had chosen a lump sum plus regular income payout, the amount dedicated to regular income will be paid monthly.

Yes, you can have two or more term insurance policies. However, your total life cover may not exceed 20 times your annual income. There is no restriction on the number of policies you can buy, but your financial status limits total life cover. Generally, the insurer will consider your annual income, but your net worth also influences your maximum insurance eligibility.

Generally, pure protection term plans only offer financial safety to your family in case of your early death. Term insurance will not provide any wealth-generation opportunities. However, the whole life term plan option of iSelect Smart360 Term Insurance also offers wealth creation benefits. You can receive a sum of 60 equal to all the premiums paid or a regular income.

The Insurance Laws (Amendment) Act 2015, Section 45, states that an insurance company cannot deny a claim once the policy has been in effect for three years, or three years after the date of policy reinstatement.

Anyone who is of legal age (18-65) and has dependants can buy term insurance in India.

A term insurance supports the surviving spouse or the children in the policyholder’s absence. Getting adequate life insurance to pay off debts such as school loans, mortgages, or large credit card bills might be a smart move if one or both partners have any of these obligations.

To purchase a term plan, the policyholder must provide proof of income. Consequently, a person without an income might not be able to purchase a term plan.

The length of the term depends on how long you want to guarantee your family's financial security in the event of an unlucky event. Insurance providers offer terms for policies that range from 5-40 years. You should base your policy term selection on your intended retirement date.

Most of the time, an applicant must undergo required medical testing to determine his eligibility before purchasing a term insurance policy.

If the policyholder outlives the policy, only a term insurance plan with return of premiums is provided to reimburse all premiums paid during the policy's duration. The premiums are not refundable if the policyholder dies while the policy is in effect.

Delaying will cost you more!

Buy Now

Disclaimer

*The premium of ₹938 mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, covered for ₹1.5 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 10 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc. Refer Sales Brochure for further details.

** The premium of ₹626 (₹21 per day) mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 10 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.

^The premium of ₹1,188 mentioned is exclusive of goods and service tax and is an example for a healthy 25 year old male, non-smoker, covered for ₹1 Crore under plan option 'Life Secure' availing the option to cover Spouse (a healthy 25 year old female, non smoker, working, covered for ₹1 Crore under Plan option 'Life Secure') under the same policy. Mode of payment considered is monthly for both the members, coverage option as ‘level’. The policy term and premium payment term considered for both the members is 10 years. The premium for spouse includes discount for spouse coverage and female life. Please refer the Sales Brochure for further details. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.

Under Plan Option Life Secure of Young Term Plan, a Special Exit Value benefit is available. The policyholder shall be returned the Total Premiums Paid, excluding the underwriting extra premiums and premiums paid for the Optional In-Built Covers (if any) when the Policyholder surrenders their policy at the earlier of the following:

  • The period when the attained age of the Life Assured is 65 years (age last birthday); or

  • ‘x’ Policy Year (where x is defined as the 25th Policy Year for Policy Term from 40 years to 44 years and the 30th Policy Year for Policy Terms more than 44 years).

  1. For further conditions applicable, please refer the Sales Brochure

  2. Available only under Life Secure with Return of Premium plan option. Under this plan option, in case of survival of Life Assured till maturity, Sum Assured on Maturity which is 100% of Total Premiums payable, excluding underwriting extra premiums, if any, rider premiums and taxes shall be payable. The additional premium paid for Optional In-built covers, as opted, will also be returned as part of Sum Assured on Maturity on survival of Life Assured till the end of the Policy Term, even if the Optional In-built cover is utilized during the Policy Term.
  3. This is an Optional In-Built cover which can be opted to safeguard child’s future. Apart from the amount payable on death of Life Assured/Working Spouse, as applicable, the Child Care Benefit(CCB) Sum Assured will also be payable when age of child is between 0 to 21 Years (last birthday) at the time of death of impacted life. The CCB Sum Assured may be utilized to take care of all the milestones planned for child. This benefit can be opted with Life Secure Plan Option only.
  4. Available only under Life Secure plan option.
  5. Premium waiver benefits shall be available under Accidental Total & Permanent Disability(ATPD) benefit. Refer to the Sales Brochure for further details.
  6. Block Your Premium (BYP) is an optional in-built cover and can be opted only with Life Secure Plan Option. Under Block Your Premium benefit, the premium rate of the base death benefit will get blocked for a period of 5 years during which Life Assured/Spouse can request for increase in benefit amount up to 100% of the Sum assured chosen at policy inception. Refer Sales Brochure for further details on Block Your Premium benefit.
  7. Individual death claims settled and reported for FY 2023-2024.
  8. The premium of ₹1262 (₹42 Per Day) mentioned is exclusive of goods and service tax and is an example for a healthy 25 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure with Return of Premium’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 30 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.
  9. The premium of ₹965 mentioned is exclusive of goods and service tax and is an example for a healthy 25 year old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with optional in-built cover opted as Accidental Death Benefit as ₹50 Lakhs, monthly mode of payment and coverage option as ‘level’ for medically underwritten option. The policy term and premium payment term considered is 10 years for both base cover and optional in-built cover. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.
  10. The premium of ₹798 mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with optional in-built cover of 25 Lakhs for Accidental Death Benefit (ADB), monthly mode of payment and coverage option as ‘level’ The policy term and premium payment term considered is 20 years for both base cover and optional in-built cover. Actual premium rates may vary and will depend on the plan/coverage opted and the company's assessment of risk on assured's health, lifestyle, occupation etc.
  11. The premium of ₹1,112 mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, covered for ₹1.5 Crore under plan option ‘Life Secure’ with optional in-built cover of 25 Lakhs for Accidental Death Benefit (ADB), monthly mode of payment and coverage option as ‘level’ The policy term and premium payment term considered is 20 years for both base cover and optional in-built cover. Actual premium rates may vary and will depend on the plan/coverage opted and the company's assessment of risk on assured's health, lifestyle, occupation etc.
  12. The premium of ₹767 mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, opting for ₹1 Crore life cover under plan option ‘Life Secure’ with the monthly mode of payment and coverage option as ‘level’ availing child care benefit of ₹25 Lakhs under the same policy. The policy term and premium payment term are considered to be 20 years. Actual premium rates may vary and will depend on the plan/coverage opted and the company's assessment of risk on assured's health, lifestyle, occupation etc.
  13. The premium of ₹1944 mentioned is exclusive of goods and service tax and is an example for a healthy 45-year-old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 10 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.
  14. The premium of ₹862 mentioned is exclusive of goods and service tax and is an example for a healthy 35-year-old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 10 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc. 
  15. Tax benefit of ₹ 46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an assessee on life insurance premium of ₹ 1.5 lacs under Income Tax Act, 1961 and tax benefit may vary from assessee to assessee. Tax benefits/savings are subject to provisions under section 80 C, 80 CCC, 80 D, 10(10A), 10(10D) and other sections of the Income Tax Act, 1961. The provisions of Income Tax Act, 1961 are subject to amendments made by the government from time to time. Goods & Services Tax will be charged on the premium amount. Please consult your independent tax advisor for details.
  16. The premium of ₹706 mentioned is exclusive of goods and service tax and is an example for a healthy 25-year-old male, non-smoker, covered for ₹1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’. The policy term and premium payment term considered is 30 years. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.
  17. The premium of ₹1,349 mentioned is exclusive of goods and service tax and is an example for a healthy 25 year old male, non-smoker, covered for ₹1 Crore under plan option 'Life Secure' availing the option to cover Spouse (a healthy 25 year old female, non smoker, working, covered for ₹1 Crore under Plan option 'Life Secure') under the same policy. Mode of payment considered is monthly for both the members, coverage option as ‘level’. The policy term and premium payment term considered for both the members is 30 years. The premium for spouse includes discount for spouse coverage and female life. Please refer the Sales Brochure for further details. Actual premium rates may vary and will depend on the plan/coverage opted and company's assessment of risk on insured's health, lifestyle, occupation etc.

  • BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

  • Canara HSBC Life Insurance Co Ltd   |   IRDAI Registration no: 136   |   LPDMYTPCHLOCT24 ENG    |   UIN: 136N087V03
  • Data collected by the company is subject to the Terms & Conditions laid out in the Privacy Policy | ©2022 Canara HSBC Life Insurance Co. Ltd.