Canara HSBC Term Insurance Calculator 2024 is an online tool that helps you estimate your term plan premiums accurately. With just a few clicks, you can compare premiums from 15+ top insurers in India. The Canara HSBC Term Insurance Calculator also assists you in selecting and buying the term plan for your needs. Let's take a detailed look at the Canara HSBC Term Insurance Calculator in this article.
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The Policybazaar Advantage
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
What is the Canara HSBC Term Insurance Calculator 2024?
The Canara HSBC Term Insurance Premium Calculator is a type of term insurance calculator that helps estimate the premium amount that a policyholder would end up paying regularly for his chosen term insurance plan.
Moreover, the Canara HSBC term insurance calculator will help you in evaluating the total premium that you would eventually end up with during the purchase of the term plan. With the Canara HSBC term insurance calculator, you can also make an informed decision and select the plan with the features and one that offers maximum coverage at cost-effective premium rates.
Term Plans
₹1 Crore
Life Cover
@ Starting from ₹ 16/day+
₹50 LAKH
Life Cover
@ Starting from ₹ 8/day+
₹75 LAKH
Life Cover
@ Starting from ₹ 12/day+
What Are The Benefits Of Using Canara HSBC Term Insurance Calculator 2024?
Here are some of the benefits of using Canara HSBC Term Insurance Calculator 2024:
Comparison of Various Plans
Customers can compare term plans provided by Canara HSBC Life Insurance based on the criteria such as premium amount, duration of the term plan, and the cover they will receive. All this information is very crucial to make the right decision before buying a term plan.
Makes everything clear
The calculator of Canara HSBC term insurance will show customers the exact premium amount they need to pay. This will remove all the doubts from the customer's mind regarding the premium amount and avoid any misunderstanding.
Helps in Financial Planning
With all the necessary information on hand, customers can plan their finances in advance. This will be a great advantage for any customer because every customer has their own needs and preferences. This will help customers to choose the term plan which is most appropriate for them.
Saves a lot of time
Using the term insurance calculator, customers can save their precious time by avoiding the struggle of searching and analysing term plans individually from several sources. Customers can get all the required data in one place.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
+Standard T&C Applied
What Information Is Required While Using Canara HSBC Term Insurance Calculator 2024?
The following are the information that should be kept handy while using Canara HSBC Term Insurance Calculator.
Personal details like gender and age of the policyholder.
Policy details like policy duration and life cover.
How To Use Canara HSBC Term Insurance Premium Calculator?
Canara HSBC Term Insurance premium calculations are quick, hassle-free and simple with the online premium calculator that is provided here. Listed below are the detailed steps to use the Kotak term plan premium calculator 2024:
Step 4: Click on ‘View Plans’ and select the Canara HSBC Term Plan from the available list
What Are The Factors Affecting Premium Rates Of Canara HSBC Term Insurance Policy?
There are various factors that determine the premium rate of the Canara HSBC Term Insurance policy. These factors are listed below:
Age: If policyholders are young, they have a low risk of death hence low premium rates for them, and as the age increases, so the premium rates.
Gender: There is scientific proof that women have a longer life expectancy than men, and due to this, the insurer allows women lower premium rates compared to men because of less risk involved.
Occupation: Every profession has its own risk. A person working in a firefighting department is exposed to more risk than a teacher. Keeping this in mind, the premium rates vary for each profession.
Duration of the policy: The time period of the policy is one of the main factors that affect the premium rates. The longer the time period of the policy means the insurer has to bear more risk.
Medical History of the policyholder: If a policy holder in the past has suffered from some chronic disease, there are chances that this disease can come back in the future. By considering this fact, the premium rates can be higher for some kind of disease.
Smoking and Drinking: Suppose a policyholder has the habit of smoking or drinking or both, then the risk of lung and liver diseases increases. So, to cover that, the policyholder has to pay higher premium rates.
Policyholder’s Health Status: The insurer checks the health status of the policyholders before presenting the premium rates to them. This is done to check the fitness level of the p Diabetes patients are more vulnerable to heart and kidney diseases. So, the premium rates are relatively higher for them.
Wrapping It Up!
A term plan is one of the most affordable and simplest forms of life insurance. The Canara HSBC term insurance plan calculator 2024 will help you in understanding the financial requirements and sum assured amount that would be required by the family, and the term plan premium that needs to be paid.
Yes, customers can buy more than one term plan according to their needs and requirements. One term plan may not be enough for some customers to cover their life goals in such scenarios; they can go for multiple plans.
Riders can be defined as the additional benefits attached to the term plan to increase the insurance coverage of the policy. Some examples of riders are Premium Waiver rider, Accidental death insurance rider, Critical illness rider, Accidental Permanent and Partial Disability rider.
To make term plans more flexible for customers, the insurer provides certain types of options to the customer to pay their premium amount. The options available are:
Regular Payment method: customers can choose to pay on a monthly, quarterly, half-yearly, and annual basis.
Lump Sum payment method: if customers want, they can pay their premium in a single payment.
Limited payment method: Customers can choose a specific time period like 5, 10, 20 years depending upon the term plan to pay their premium.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going
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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.