Option to avail return of premium benefit wherein all your premiums will be returned once you outlive the policy tenure
Option to pay for a limited duration or during your working years and get covered for the entire policy term.
Option to cover for a limited period or for your entire lifetime upto 99 years
Select level or increasing sum assured options basis your life stage needs
In case of death or on diagnosis of terminal illness, whichever happens earlier, the sum assured on death is payable
At India Insurance Summit and Awards 2020 held in Mumbai.
At ₹15,3749 crores as per
31st March 2020.
98.12% Individual death claims10
settled in FY 2019-2020
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.
Promise is all about faith. My family has faith in me. Similarly, I have faith that Canara HSBC Oriental Bank of Commerce Life Insurance will help me protect my family even in my absence.
A promise is a thing of faith. With Canara HSBC Oriental Bank of Commerce Life Insurance, we are confident that we will be able to keep our promises to each other.
With Canara HSBC Oriental Bank of Commerce Life Insurance, I will not only meet the financial requirements for my daughter’s wedding but also for various other life goals.
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 Oriental Bank of Commerce Life Insurance helped us fulfill our promise with Child Future Plan.
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 Oriental Bank of Commerce Life Insurance has done systematic management of investments, which helps our money to grow.
Keeping my promises is a priority for me. Canara HSBC Oriental Bank of Commerce Life Insurance has ensured that my second innings will be as beautiful as my first.
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.
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.
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.
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.
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.
#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: www.canarahsbclife.com
Call (Toll free no.): 1800-103-0003/1800-180-0003
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.