Key Advantages
Whole Life Cover – 99 Years1
Option to get cover for a limited period or for your entire lifetime of up to 99 years.
Steady Income Benefit2
A monthly survival income equal to 0.1% of Sum Assured at inception will be payable from the time of attaining 60 years of age till the earlier of death or end of Policy Term.
Block your Premium8
Block Your Premium rate at inception and increase cover up to 100% of Base Sum Assured in next 5 Years.
Return of Total Premiums4
Option to get return of total premiums paid at the end of the policy term in case of no claim.
Waiver of Premiums3,5
No future premiums shall be payable if diagnosed with covered Critical Illness or on occurrence of Accidental Total & Permanent Disability.
Critical3 + Terminal Illness Cover5
Option to augment cover with accelerated Terminal Illness or additional Critical Illness cover.
Special Exit Value6
Get return of total premiums paid on voluntary exit with Special Exit Value.
Increasing Cover Option
Sum Assured increases by 10% per annum (simple interest) after completion of every Policy Year, provided the Policy is in-force.
Limited Premium Pay7
Option to choose your premium payment term – Choose to pay premiums every year of the policy term, for first 5/10/15/20/25 years or up to age 60 Years, or just once for the entire policy term.
Add Spouse in the Same Policy9
Option to add spouse (working or non-working) in the same policy at discounted rate.
Get to Know Us
10000+ Bank branches,
Backed by Canara Bank and HSBC Bank
Assets under Management
At ₹ 30,20410 crores as per financial year 2022-2023
Hassle-Free Claims Process
99.01% Individual death claims11
settled in FY 2022-2023
Life stories of our customers
When this year I had a monetary problem in the family I had to withdraw part payment, the customer service team told me it will take 7 days but it only took 3 days. This made me really happy that I took this policy.
Mrs. Renuka Shetty
Promise is all about faith. My family has faith in me. Similarly, I have faith that Canara HSBC Life Insurance will help me protect my family even in my absence.
Mr. Piyush Kant
A promise is a thing of faith. With Canara HSBC Life Insurance, we are confident that we will be able to keep our promises to each other.
Mr. & Mrs. Manna
With Canara HSBC Life Insurance, I will not only meet the financial requirements for my daughter’s wedding but also for various other life goals.
Mr. Shushanta Kumar Sengupta
A promise has to be fulfilled. We had promised our son to send him abroad for education. We sent him there and fulfilled our promise. He also returned to India after completing his education as he had promised. Canara HSBC Life Insurance helped us fulfill our promise with Child Future Plan.
Mr. & Mrs. Surve
The customer service staff always gives a quick response. Usually, we get a personal message within 5-10 minutes of the query. Also, Canara HSBC Life Insurance has done systematic management of investments, which helps our money to grow.
Mr. Kataria
Keeping my promises is a priority for me. Canara HSBC Life Insurance has ensured that my second innings will be as beautiful as my first.
Mr. CY Ajgaonkar
Frequently Asked Questions
1. How to buy iSelect Smart360 Term Plan?
You can buy iSelect Smart360 Term Plan online on our website.
2. How does the plan work?
- Select any of the plan options from – Life Secure, Life Secure with Income or Life Secure with Return of Premium.
- Choose coverage option of either level or increasing as per your need.
- Select the optional in-built covers as per your life insurance coverage needs.
If you have a spouse, you may add them in the same policy (Spouse cover shall be available only under plan option Life Secure). - Select how you want the Death Benefit to be paid out – Lump Sum, Monthly, or Part Lump Sum and Part Monthly Income.
Submit the proposal form along with other required information for further processing.
3. What is the eligibility criteria for buying iSelect Smart360 Term Plan?
You should be between 18-65 years of age to buy iSelect Smart360 Term Plan.
4. What optional in-built covers are available with iSelect Smart360 Term Plan?
There are 8 optional in-built covers available with iSelect Smart360 Term Plan, and they are:
- Accidental Death Benefit (ADB)
- Accidental Total & Permanent Disability (ATPD) Premium Protection
- Accidental Total & Permanent Disability (ATPD) Premium Protection Plus
- Critical Illness (CI) Premium Protection
- Critical Illness (CI) Premium Protection Plus
- Terminal Illness (TI)
- Child Care Benefit (CCB)
- Block your Premium (BYP) Benefit
5. How to block your premium rate with iSelect Smart360 Term Plan?
Under this benefit, Life Assured/Working Spouse, as applicable, will have option to block their premium rate of base Death Benefit at policy inception for a period of 5 Years during which Life Assured/Working Spouse, as applicable, can request for increase in benefit amount payable on death (BYP Sum Assured) up to 25%/50%/75%/100% of the Sum Assured as chosen at policy inception for respective live(s), without any additional underwriting and irrespective of the attained age, subject to applicable conditions mentioned under the Sales Brochure.
6. How does 100% Return of Premium work in iSelect Smart360 Term Plan?
Return of Premium is available under Life Secure with Return of Premium option of iSelect Smart360 Term Plan. Under this option, in case Life Assured outlives the Policy Term, Sum Assured on Maturity will be paid to the Policyholder which would be 100% of the Total Premiums paid excluding taxes and underwriting extra premiums, if any.
7. Does iSelect Smart360 Term Plan offer tax benefits?
Yes, you can get tax benefits up to Rs. 46,80012 with iSelect Smart360 Term Plan. Please note that tax benefits maybe available as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.
8. How many Critical Illness are covered in iSelect Smart360 Term Plan and what are they?
40 Critical Illnesses (CI) are covered in iSelect Smart360 Term Plan. Following is the list of Critical Illnesses covered under Critical Illness Premium Protection and Premium Protection Plus optional in-built cover:
- Cancer of Specified Severity
- Myocardial Infarction (First Heart Attack of Specific Severity)
- Open Chest CABG
- Open Heart Replacement or Repair of Heart Valves
- Coma of Specified Severity
- Kidney Failure Requiring Regular Dialysis
- Stroke Resulting in Permanent Symptoms
- Major Organ/Bone Marrow Transplant
- Permanent Paralysis of Limbs
- Motor Neuron Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Benign Brain Tumor
- Blindness
- Deafness
- End Stage Lung Failure
- End Stage Liver Failure
- Loss of Limbs
- Loss of Speech
- Major Head Trauma
- Primary (Idiopathic) Pulmonary Hypertension
- Third Degree Burns
- Alzheimer’s Disease
- Aplastic Anemia
- Medullary Cystic Disease
- Parkinson’s Disease
- Apallic Syndrome
- Major Surgery of the Aorta
- Fulminant Viral Hepatitis – Resulting in Acute Liver Failure
- Cardiomyopathy
- Muscular Dystrophy
- Poliomyelitis – Resulting in Paralysis
- Chronic Recurring Pancreatitis
- Bacterial Meningitis – Resulting in Persistent Symptoms
- Loss of Independent Existence
- Encephalitis
- Severe Rheumatoid Arthritis
- Scleroderma
- Creutzfeldt-Jakob Disease
- Chronic Adrenocortical Insufficiency (Addison’s Disease)
- Systemic Lupus Erythematous – with Lupus Nephritis
9. What is Special Exit Value?
Under Plan Option Life Secure of iSelect Smart360 Term Plan a Special Exit Value benefit will be available wherein 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), if the Policyholder surrenders his/her 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 greater than 44 years).
For further conditions applicable for Special Exit Value, please refer the Sales Brochure.
- Maximum Maturity age will be 99 years except for the following scenarios:
- 80 years for Single Pay policies and for Non-Working Spouse.
- If Accidental Death Benefit/ Terminal Illness Benefit/ Accidental Total & Permanent Disability (Premium Protection and Premium Protection Plus) Optional In-Built Covers are opted, maximum maturity of the base plan as well as these Optional In-Built Covers will be 75 years.
- If Critical Illness (Premium Protection or Premium Protection Plus) Optional In-Built Cover is opted, maximum maturity of the base plan can be 99 years while the maximum maturity of Critical Illness cover will be 70 years in case of Life Secure Plan and Life Secure with Income Option whereas for Life Secure with Return Of Premium option, the max maturity age shall be 70 years both for base & Critical Illness benefit.
- Available only under Life Secure with Income plan option
- Critical Illness (CI) Premium Protection/Premium Protection Plus are optional in-built covers and can be opted with each of the plan option.
All future premiums of the impacted life under the Policy will be waived if diagnosed with listed Critical Illness (available under Critical Illness Premium Protection/Premium Protection Plus).
Additionally, CI Sum Assured will be paid under Critical Illness Premium Protection Plus. CI cannot be opted with Accidental Total & Permanent Disability (ATPD) optional inbuilt cover available under the product. - 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.
- Accidental Death Benefit (ADB), Accidental Total & Permanent Disability (ATPD) Premium Protection/Premium Protection Plus, Terminal Illness (TI) and Child Care Benefit (CCB) are optional in-built covers and can be opted with each of the plan option except for CCB which is only available with Life Secure Plan Option and TI which is only available with Life Secure and Life Secure with Return of Premium plan options. All future premiums of the impacted life under the Policy will be waived on occurrence of ATPD (available under Accidental Total & Permanent Disability Premium Protection/Premium Protection Plus). Additionally, ATPD Sum Assured will be paid under Accidental Total & Permanent Disability Premium Protection Plus.
ATPD cannot be opted with Critical Illness (CI) optional inbuilt cover available under the product. - A benefit on early exit is available under Plan Option Life Secure of iSelect Smart360 Term Plan through the Special Exit Value feature wherein 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), if the Policyholder surrenders his/her Policy at the earlier of the following:
a. The period when the attained age of the Life Assured is 65 years (age last birthday); or
b. ‘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 greater than 44 years).
For further conditions applicable for Special Exit Value, please refer the Sales Brochure.
- Following conditions shall apply on Premium Payment term
- PPT for Spouse Coverage as well as ADB / ATPD / TI benefits will be same as that applicable for base Death Benefit
- Life Secure plan option:
- The Life Assured/Working Spouse shall independently choose the Premium Payment Term for CCB benefit which should be less than or equal to the Premium Payment Term of the base Death benefit, subject to PPT Option being same for both base Death Benefit and CCB.
- The Life Assured / Working Spouse shall independently choose the Premium Payment Term for CI benefit which should be less than or equal to the Premium Payment Term of the base Death benefit, subject to PPT Option being same for both base Death Benefit and CI benefit.
- 5 years PPT with Policy Terms up to 9 years is only available for ages at entry of 35 years and above.
- PPT upto age 60 years will be available subject to a minimum PPT in the Policy being 5 years and will be calculated as 60 minus age at entry. Further, this option is not available if Spouse coverage (working or non-working) is selected.
- Life Secure with Income plan option:
- The Life Assured / Working Spouse shall independently choose the Premium Payment Term for CI benefit which should be less than or equal to the Premium Payment Term of the base Death benefit, subject to PPT Option being same for both base Death Benefit and CI benefit.
- PPT upto age 60 years will be available subject to a minimum PPT in the Policy being 10 years and will be calculated as 60 minus age at entry.
- Life Secure with Return of Premium plan option:
- PPT for CI benefit will be same as that applicable for base Death Benefit
- PPT upto age 60 years will be available subject to a minimum PPT in the Policy being 10 years and will be calculated as 60 minus age at entry.
- If Accidental Death Benefit/ Terminal Illness Benefit/ Accidental Total & Permanent Disability (Premium Protection and Premium Protection Plus) Optional In-Built Covers are opted, maximum maturity of the base plan as well as these Optional In-Built Covers will be 75 years.
- If Critical Illness (Premium Protection or Premium Protection Plus) Optional In-Built Cover is opted, maximum maturity of the base plan can be 80 years while the maximum maturity of Critical Illness cover will be 70 years in case of Life Secure Plan and Life Secure with Income Option whereas for Life Secure with Return Of Premium option, the max maturity age shall be 70 years both for base & Critical Illness benefit.
- 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.
- Available only under Life Secure plan option
- As reported in company factsheet for FY 2021-22.
- Individual death claims settled and reported for FY 2021-22.
- 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.
- A discount of 5% on your first year premium (for Regular / Limited Premium Payment option) and 2.5% on Single Premium Payment option shall be applicable at the time of buying the plan for a Salaried customer as defined in Company’s Board Approved Underwriting Policy.
- 5 years PPT under Limited premium payment option is available only under Life Secure Plan Option. For other plan options minimum PPT under Limited premium payment option will be 10 years.
5 years PPT with Policy Terms up to 9 years is only available for ages at entry of 35 years and above. - The premium of ₹ 729 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with optional in-built cover opted as Critical Illness Premium Protection Plus with CI cover as 10 Lakhs, monthly mode of payment and coverage option as ‘level’ for medically underwritten option. The policy term and premium payment term considered is 30 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.
- 1824 mentioned is exclusive of goods and service tax and is an example for a healthy 30 year old male, non-smoker, covered for ₹ 2 crores under plan option ‘Life Secure’ with the monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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 the insured's health, lifestyle, occupation etc.
- The premium of ₹ 3618 mentioned is exclusive of goods and service tax and is an example for a healthy 40 year old male, non-smoker, covered for ₹ 2 crores under plan option ‘Life Secure’ with a monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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 the insured's health, lifestyle, occupation etc.
- The premium of ₹ 1,408 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 Critical Illness Premium Protection Plus with CI cover as 10 Lakhs and Accidental Death Benefit (ADB) cover 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 30 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.
- The premium of ₹ 1505 mentioned is exclusive of goods and service tax and is an example for a healthy 40 year old female, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
- The premium of ₹ 2234 mentioned is exclusive of goods and service tax and is an example for a healthy 45 year old female, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
- The premium of ₹ 1685 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 Premum’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
- The premium of ₹ 876 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
~The premium of ₹ 18 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with annual mode of payment and coverage option as ‘level’ for medically underwritten option. Daily Premium mentioned is daily equivalent premium calculated by dividing Annual Premium (₹ 6,739) by 365. 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.
+The premium of ₹ 607 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
xThe premium of ₹ 1415 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure with Income’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. The policy term and premium payment term considered is 45 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.
^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.
@The monthly survival benefit mentioned is an example of Life Assured opting for Sum Assured as 1Cr under Life Secure with Income plan option. Under this plan option, a Monthly Survival Income shall be payable at the beginning of each month, starting from the Policy Anniversary coinciding with or following the Life Assured attaining age 60 years (last birthday) which shall continue till the end of the Policy Term or the death of the Life Assured whichever is earlier. In case of death of the Life Assured during the Policy Term, Sum Assured on Death basis the Coverage option opted, less cumulative monthly income(s) already paid shall be payable. The Policy will terminate after payment of this benefit.
#The premium of ₹ 1092 mentioned is exclusive of goods and service tax and is an example for a healthy 30 year old male, non-smoker, covered for ₹ 1 crore under plan option ‘Life Secure’ with optional in-built cover opted as Child Care Benefit (CCB) with CCB cover as 25 Lakhs (for a child aged 1 year, CCB Policy Term and Premium Payment Term as 20 years). Mode of payment is considered as monthly and coverage option as ‘level’ for medically underwritten option. The policy term and premium payment term considered is 30 years for base 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
$The premium of ₹ 1298 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’ for medically underwritten option. 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.
%The premium of ₹ 910 mentioned is exclusive of goods and service tax and is an example for a healthy 20 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’ for medically underwritten option. 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.
&The premium of ₹ 1195 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for ₹ 2 crore under plan option ‘Life Secure’ with monthly mode of payment and coverage option as ‘level’ for medically underwritten option. 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.
Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd) hereinafter referred to as "Insurer" is used under license with Canara Bank and HSBC Group Management Services Limited.
The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at, 139 P, Sector - 44, Gurugram - 122003, Haryana, India.
For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
Corporate Identity No.-U66010DL2007PLC248825 Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/1800-180-0003/1800-891-0003
SMS: 7039004411
Missed Call: 0120-6927801
Email: customerservice@canarahsbclife.in
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.
