Canara HSBC Term Insurance Plans

Canara HSBC term life insurance plans are designed to give your family financial security without putting pressure on your budget. They offer a fixed life cover for a selected period, so your loved ones stay protected if something unexpected happens. With flexible coverage options, policy terms, and add-on benefits, you can choose a plan that fits your needs. These plans help your family manage expenses, maintain their lifestyle, and stay financially stable even during uncertain times.

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

What are the Benefits of Canara HSBC Term Insurance Plans?

Canara HSBC Term Insurance Plans offer multiple benefits that make them a reliable choice for long-term financial protection. Some of the key benefits of these life insurance plans include:

Financial Security for Family: These plans offer financial security in the form of a death benefit to your family in case of your unfortunate death during the policy term.
Whole Life Cover: You can get covered under the plan until 99 years of age, which offers a guaranteed death benefit and long term financial protection.
Pay off Debts/Loans: Your family can use the benefit amount to take care of their financial needs, like paying off any remaining debts that may fall on their shoulders.
Child Care Benefits: You can increase the sum assured of the policy with the Child Care benefit till your child turns 21 years of age.
Tax Benefits: Customers can claim term insurance tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

Features of Canara HSBC Term Insurance Plans

Canara Bank Term Insurance Plans have the following key features:

Affordable Premiums with High Coverage: These plans provide a large life cover at an affordable premium, making them accessible for individuals across different income groups.
Flexibility in Policy Terms: Policyholders can choose the coverage duration and premium payment frequency as per their financial planning needs.
Comprehensive Protection with Riders: Customers can enhance their cover with riders like critical illness, accidental death benefit, and waiver of premium for complete security.
Multiple Payout Options: Canara HSBC Term Life Insurance offers lump sum, monthly income, or a combination of both payout options, ensuring flexibility for beneficiaries.
Trusted Claim Settlement: Backed by a strong claim settlement ratio and transparent processes, Canara HSBC ensures that your family receives timely financial support when it matters the most.

What are the Different Canara HSBC Term Plans Available in India?

Here are the various Canara Bank term insurance plans offered by the company:

Canara HSBC iSelect Smart360 Term Plan

The Canara HSBC iSelect Smart360 Term insurance plan offers coverage till 99 years of age, the option to receive the total premiums paid in case of survival of the policy term, and the option of increasing the accelerated terminal illness benefit.

The plan offers a Child care benefit that provides an additional sum assured till the child turns 25 years.
You get the option of blocking your premiums at policy purchase and increasing up to 100% of the base sum assured in the next 5 years.
You can choose to receive a steady income benefit after turning 60 years of age.
The policy will pay an additional lump sum on accidental total and permanent disability or accidental death, if selected.

Canara HSBC Young Term Plan

The Canara HSBC Young Term Plan offers two plan options and the option to exit the plan early and receive all the premiums paid with the special exit value or receive all the premiums paid at maturity of the policy.

The plan offers its Child Care benefit, which provides an additional sum assured until your child turns 21.
You can block your premium rate at the time of buying the policy and increase the cover up to 100% of the base sum assured in the next 5 years.
If selected, the plan offers a waiver of premium in case of accidental total and permanent disability.
You can also add extra lump sum in case of accidental total and permanent disability or accidental death, if selected.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Who Should Buy Canara Term Life Insurance Plans?

Canara Term Life Insurance Plans are suitable for a wide range of individuals depending on their financial responsibilities and future goals. The table below explains who should consider buying these plans:

Category of Individuals	Why Canara HSBC Term Life Insurance is Suitable?
Young Professionals	Ideal for securing high coverage at low premiums early in life, ensuring long-term protection.
Parents with Dependents	Provides financial security for children’s education, lifestyle, and future goals in case of an unfortunate event.
Individuals with Loans	Helps cover outstanding debts such as home loans, car loans, or personal loans, ensuring liabilities do not burden the family.
NRIs and Working Professionals Abroad	Offers life cover that extends to NRIs, ensuring global protection for their families in India.
Pre-Retirement Individuals	Ensures a financial safety net for spouses and dependents, safeguarding their lifestyle during retirement years.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How to Buy Canara HSBC Term Insurance from Policybazaar?

Here is how you can buy Canara term insurance plans from Policybazaar:

Step 1: Visit the Term insurance page of Policybazaar

Step 2: Fill in your name, gender, and other contact information

Step 3: Select the right annual income, occupation type, smoking habits, and educational qualifications

Step 4: Choose the best Canara HSBC term insurance for yourself and proceed to pay

How to Choose the Right Canara HSBC Term Insurance Plan?

Here are a few steps to help you choose the right Canara HSBC term life insurance plan for yourself:

Assess your Needs: You should start by assessing your family’s financial needs, including daily living expenses, children’s education, and long-term goals.
Right Sum Assured: It is important to calculate the right sum assured, ideally 10–15 times your annual income, to provide adequate financial protection.
Suitable Policy Term: You must select a policy term that aligns with your working years so that your family remains covered during your most financially active period.
Varying Premium Pay Options: Choosing a premium payment option that suits your budget will help you maintain the policy without any financial strain.
You should enhance your coverage by adding suitable riders such as critical illness or accidental death benefit for more comprehensive protection.
Using the Canara HSBC Term Insurance Calculator 2026 will give you personalised premium estimates and make it easier to pick the most suitable plan.

People also search for

What is Term Life Insurance

FAQ's

Q. Is Canara HSBC Life Insurance good or bad?

It is generally seen as a dependable insurer, mainly because of its strong claim settlement record and backing from established banking partners. Whether it is good for you depends on pricing, features, and how it compares with other term plans in the market.
Q. Which bank is best for term insurance?

There is no specific best bank for term insurance. What matters more is the insurer’s claim settlement ratio, premium, and policy features. It is always better to compare multiple insurers rather than choosing only based on the bank name.
Q. What is the claim settlement ratio for Canara HSBC term insurance?

Canara HSBC Term plan has maintained a claim settlement ratio of around 99.43% in recent years, which indicates that most genuine claims are being paid.
Q. What is the HSBC Canara Plan?

HSBC Canara refers to insurance products offered by Canara HSBC Life Insurance, which is a joint venture between Canara Bank and HSBC. These include term plans, savings plans, pension plans, and investment-linked policies designed for different financial needs.
Q. What is the ranking of Canara HSBC Life Insurance?

Canara HSBC Life Insurance is one of the good life insurance providers in India. Its performance is usually evaluated based on factors like claim settlement ratio, product range, and distribution network rather than a fixed “rank.”

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 Speech	Loss Of Limbs
Major Head Trauma	Primary (Idiopathic) Pulmonary Hypertension	Third Degree Burns
Alzheimer's Disease	Aplastic Anaemia	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 (vCJD)	Chronic Adrenocortical Insufficiency (Addison's Disease)
Systemic Lupus Erythematous with Lupus Nephritis

Early claim on terminal illness(paid)	Extra Payout on Accidental Death(paid)
Extra Payout on Accidental Disability PLUS(paid)	Cover against Critical Illness PLUS(paid)
Child care benefit(paid)	Lock your premium for future(paid)
Waiver of Premium on Accidental Disability(paid)	Waiver of Premium on Critical Illness(paid)

Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans

What are the Benefits of Canara HSBC Term Insurance Plans?

Features of Canara HSBC Term Insurance Plans

What are the Different Canara HSBC Term Plans Available in India?

Canara HSBC iSelect Smart360 Term Plan

Canara HSBC Young Term Plan

Who Should Buy Canara Term Life Insurance Plans?

How to Buy Canara HSBC Term Insurance from Policybazaar?

How to Choose the Right Canara HSBC Term Insurance Plan?

People also search for

FAQ's

Q. Is Canara HSBC Life Insurance good or bad?

Q. Which bank is best for term insurance?

Q. What is the claim settlement ratio for Canara HSBC term insurance?

Q. What is the HSBC Canara Plan?

Q. What is the ranking of Canara HSBC Life Insurance?

Term Insurance Calculators

Life Insurers

Term Insurers

Choose Term Insurance Plan as per you need

Canara HSBC Term Insurance Plans Reviews & Ratings