Annual Income (In Lacs)

Key Advantages

100% Return Of Premium3

Option to avail return of premium benefit wherein all your premiums will be returned once you outlive the policy tenure

Limited Pay Option4

Option to pay for a limited duration or during your working years and get covered for the entire policy term.

Whole Life Coverage - 99 years5

Option to cover for a limited period or for your entire lifetime upto 99 years

Secure Life Stage Goals6

Select level or increasing sum assured options basis your life stage needs

Terminal Illness7 Complete Cover

In case of death or on diagnosis of terminal illness, whichever happens earlier, the sum assured on death is payable

Get to Know Us

Life Insurance Company
of the Year 20208

At India Insurance Summit and Awards 2020 held in Mumbai.

Assets under Management

At ₹15,3749 crores as per
31st March 2020.

Hassle-Free Claims Process

98.12% Individual death claims10
settled in FY 2019-2020

Life stories of our customers

Frequently Asked Questions

1. What is a term plan?

Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured.

2. How to calculate Term Plan Premium?

Each insurance company has its own term insurance premium calculator. If you want to check out the premium quote, go for the iSelect Star Term Plan calculator. It gives a premium amount based on your age, gender, habits, education, and annual income.

3. How Much Term Insurance Cover do you need?

Insurance experts recommend buying term insurance plans covering 15-20 times of your total annual income. For example, if your yearly salary is Rs. 8 lakh, term insurance must include a minimum Rs. 1 crore life insurance.

4. When is the right time to go for the iSelect Star Term Plan?

The right time is when you don't have anything to keep your Family safe from financial storms, and they rely on you for financial needs.

5. What are the criteria to buy the iSelect Star Term Plan

It depends on your needs. For example, if you want to cover a child's education or wedding expenses, you have to include them in your coverage. Your premium will be calculated accordingly.

  1. The premium of Rs. 15 mentioned is exclusive of goods and service tax and is an example for a healthy 20 year old male, non-smoker, covered for Rs. 1 crore under plan option ‘Life’ with annual mode of payment and coverage option as ‘level’. Daily Premium mentioned is daily equivalent premium calculated by dividing Annual Premium 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.
  2. Tax benefit of Rs. 46,800/- is calculated at the highest tax slab of 31.2%(including 4% cess) for an assessee on life insurance premium of Rs. 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.
  3. Available under Plan Options Life with Return of Premium and Life Plus
  4. The minimum Premium Payment Term under this Option will be 5 years and 10 years for Plan Option Life and other Plan Options respectively.
  5. Available under Plan Options Life and Life Plus.
  6. Available under Plan Option Life
  7. Terminal Illness: It means that the Life Assured / Spouse is diagnosed as suffering from an advanced or rapidly progressing incurable disease where, in the opinion of two appropriate independent Medical Practitioners (a specialist in the field of medicine of that particular terminal illness), life expectancy is no greater than six months from the date of notification of the claim.
  8. Canara HSBC Oriental Bank Of Commerce Life Insurance Company has won “Life Insurance Company of the Year” at India Insurance Summit and Awards 2020 held in Mumbai on 13th March 2020. The award exhibits Company’s endeavor in building business on trust, while offering insurance products which are aligned to the objectives of creating “Value for Money” for customers and by “treating them fairly”.
  9. As reported in public disclosures for FY 2019-20.
  10. Individual death claims settled and reported in public disclosures for FY 2019-20.

#The percentage saving computed is purely in terms of premium paid over the term (Difference between 5 years Limited and Regular pay) of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs. The percentage saving is for Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Star Term Plan (Plan Option Life) with a life cover of ₹ 1 Cr. for a 35 year old healthy male, non smoker with policy term of 45 years. The payout and coverage option is Lumpsum and Level respectively. The annual premium for 5 years Limited pay option will be ₹ 111,842 & the annual premium for Regular Pay option will be ₹19,006. The total payable premium through the term of the policy for 5 years Limited pay option with annual premium will be ₹ 5,59,210 & for Regular pay option with annual premium will be ₹ 8,55,270. The premium amounts are exclusive of taxes. The percentage of saving computed will vary and will depend on the plan, coverage opted, premium payment term, policy term and company's assessment of risk on insured's health, lifestyle, occupation etc.

*The Premium paid for life insurance policies purchased between October 12,2020 till March 31,2021 will be eligible for benefit under LTC cash voucher scheme

^Under the LTC scheme, the benefit can be obtained of upto Rs.36,000 per family member as deemed LTC fare, for which life insurance premium should be 3 times the amount of deemed LTC fare

COVID-19 claims are subject to terms and conditions of policy and extant regulatory framework.

Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.

The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram-122018, 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:
Call (Toll free no.): 1800-103-0003/1800-180-0003
SMS: 9779030003
Missed Call: 0124-6156600


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 Oriental Bank of Commerce Life Insurance Co Ltd   |   IRDAI Registration no: 136   |   LPD1NJISSCHOFEB21 ENG    |   UIN: 136N073V02

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