Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans are designed to give you and your family financial security at an affordable cost. These plans provide a fixed life cover for a chosen period, ensuring that your loved ones are protected if something happens to you. With different options to suit individual needs, Canara HSBC term life insurance offers flexibility in choosing coverage amount, policy duration, and additional benefits like riders. The main aim of these plans is to help families maintain their lifestyle, manage expenses, and meet future goals in the event of uncertainties.

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Canara HSBC Term Insurance: Best Plans by Canara HSBC

Canara HSBC Term Insurance Plans

Canara HSBC Term Insurance Plans are designed to give you and your family financial security at an affordable cost. These plans provide a fixed life cover for a chosen period, ensuring that your loved ones are protected if something happens to you. With different options to suit individual needs, Canara HSBC term life insurance offers flexibility in choosing coverage amount, policy duration, and additional benefits like riders. The main aim of these plans is to help families maintain their lifestyle, manage expenses, and meet future goals in the event of uncertainties.

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Insurer Highlights
  • Claim Settlement Ratio

    99.43

  • No. of Branches

    99 Branches

  • Claim Settlement Promise

    0

Why Buy Canara HSBC Term Insurance Plans?

Buying Canara HSBC Term Insurance Plans is a reliable way to secure your family’s financial future at an affordable cost. These term life insurance plans provide a high life cover for low premiums, ensuring your loved ones are financially protected in case of an unfortunate event. With flexible policy terms, multiple sum assured options, and add-on riders, Canara HSBC Life Insurance makes it easy to choose a plan that fits your lifestyle and financial goals. The brand’s strong reputation, seamless claim settlement, and customer-friendly features make these term insurance plans a reliable choice for long-term protection.

Note: Know more about what is term life insurance first before reading this article.

Canara HSBC Term Life Insurance Plans

Canara HSBC Life Insurance Plans are designed to meet the varied protection needs of individuals and families. The following plans offer pure life cover, ensuring that your dependents receive financial support in your absence.

Critical Illnesses Covered Under Canara HSBC Term Life Insurance

Many Canara HSBC Term Life Insurance Plans come with the option to include a critical illness rider that provides a lump sum payout on the diagnosis of major health conditions. Some of the common critical illnesses covered include cancer of specified severity, heart attack, stroke, kidney failure, and major organ transplant. This benefit ensures financial support during a medical emergency, helping policyholders manage treatment costs without burdening their savings. By adding critical illness coverage to your Canara HSBC term plan, you not only secure your family’s future but also protect yourself from unexpected healthcare expenses.

Canara HSBC Term Insurance Riders

Canara HSBC Term Insurance Riders can be added to the base policy to make protection more comprehensive. Important term insurance riders include the Accidental Death Benefit Rider, Waiver of Premium Rider, and Critical Illness Rider. These riders enhance the coverage by providing additional financial support in specific situations, such as accidental death, serious illness, or loss of income. With the flexibility to choose riders based on personal needs, customers can customise their term insurance plan to cover more than just life risk. This makes Canara HSBC term plans highly adaptable and suited for long-term financial planning.

How Much Life Cover Do I Need?

The right term insurance cover depends on factors like your age, income, financial responsibilities, and future goals. A general rule is to have coverage worth at least 10–15 times your current annual income.

Canara HSBC Term Insurance Plans allow you to calculate the ideal sum assured with the online term insurance calculator, helping you select coverage that matches your family’s needs. It is important to consider ongoing expenses, children’s education, outstanding loans, and lifestyle costs while deciding the coverage. By choosing the right cover, you ensure that your loved ones remain financially secure, even in your absence.

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Choosing the Canara Term Insurance Plan with the Right Sum Assured Option

When selecting a Canara HSBC Term Insurance Plan, choosing the right sum assured option is crucial. The sum assured should be large enough to replace your income, cover outstanding liabilities, and support your family’s future expenses. The following sum assured options can help cover your family’s financial needs in your absence.

Canara HSBC1 Crore
Term Insurance
Canara HSBC2 Crore
Term Insurance
Canara HSBC5 Crore
Term Insurance
Canara HSBC75 Lac
Term Insurance
Canara HSBC70 Lac
Term Insurance
Canara HSBC50 Lac
Term Insurance

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:

  • 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.

one crore term plan
plus

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.

one crore term plan

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 

Life Insurer Details

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 2025 will give you personalised premium estimates and make it easier to pick the most suitable plan.

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance
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Canara HSBC Term Insurance Plans Reviews & Ratings

4.5 / 5 (Based on 33 Reviews)
(Showing Newest 10 reviews)
Dileep
Tamil Nadu, July 22, 2024
Simple and Reliable
PNB MAS was simple to purchase and offered reliable coverage. The process was straightforward, and the support team was very helpful.
Jitender
Maharashtra, July 22, 2024
Quick and Detailed
Quick and detailed process on Policybazaar helped me pick SBI Life without any delays.
Sheak
Gujarat, July 22, 2024
Affordable and Reliable
I found an affordable and reliable term insurance plan from Canara HSBC through Policybazaar.
Prem
Uttar Pradesh, July 16, 2024
Personalized Solutions
Policybazaar offers personalized solutions for term insurance, catering to individual needs and preferences. Found the perfect plan tailored to my requirements. Highly recommend.
Bhawna
Rohtak, April 07, 2021
For long term basis
I took this term insurance plan online and have been a great customer of canara hsbc and policybazaar. It’s been a wonderful plan for a long term basis. All thanks to both the team for giving such support.
Atul
Nawabganj, April 05, 2021
View best quotes
Recently I bought this term plan from the canara hsbc term insurance company and I viewed various quotes related to the same. I have check the quotes and have used the premium calculator for my plan. I really liked it. Thanks team policybazaar.
Dileep
Barpali, March 30, 2021
For long term basis
I took this term insurance plan online and have been a great customer of canara hsbc and policybazaar. It’s been a wonderful plan for a long term basis. All thanks to both the team for giving such support.
Shakib
Lowada, March 23, 2021
View best quotes
Recently I bought this term plan from the canara hsbc term insurance company and I viewed various quotes related to the same. I have check the quotes and have used the premium calculator for my plan. I really liked it. Thanks team policybazaar.
Girish
Atmakur, February 16, 2021
High coverage low premium
Last year I bought a canara hsbc term insurance plan. It was done from policybazaar. I bought it as high coverage and at low premium rates. Such a good plan. Thanks team.
Ritika
B.khajuripada, February 16, 2021
Get to know free quotes
I recently bought a term insurance plan of canara hsbc and it is a nice plan. I got this plan done from policybazaar. Before buying a plan I checked few free term insurance quotes. That’s easy to select. Thanks team.
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