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Canara HSBC Term Insurance Calculator 2024

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 best 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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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 best features and one that offers maximum coverage at cost-effective premium rates.

one crore term plan
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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.

one crore term plan

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₹1 CRORE

Term Plan Starting @ ₹449/month+

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+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 1: Visit Term Insurance Calculator page of Policybazaar

Step 2: Submit your gender and age

Step 3: Enter your life cover and policy term

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.

FAQs

  • Q. Can a customer buy more than one term plan?

    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.

  • Q. What are Life Insurance Riders?

    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.

  • Q. What are the different options available to pay premiums?

    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.
  • Q. What is the appropriate age to buy term insurance?

    It is advised to buy term plan as soon as possible because one needs to pay lower premium when one is young.

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Canara HSBC Term Insurance Plans Reviews & Ratings

4.4 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
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.
Ritika
Laxmipur, July 18, 2016
Excellent Work
The term insurance plan of canara hsbc obc life insurance is fantastic and it came in low premiums and even investment is also less. Policy coverage and claims are good. Claiming process is easy because of fast service provided by the executives is awesome.
Ankit
Patherdewa, July 07, 2016
Term plan
My colleague suggested me a term insurance plan and it really did work for me. The service is fantastic which facilitate by the staff and team members. Policy coverage is good and claims are simple to sanctioned by online portal service or by manually.
Gunjan
Ghaziabad, June 28, 2016
Great Insurance Plan
I have term insurance plan which I buy in low premium. The service provided by the company members is quick and the claiming is easy due to this. Policy covers many cases which has fair terms and conditions. The internet service is very simple to operate.
Naveen
Mumbai, April 11, 2016
Wonderful
Policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 89%. Claims are are good and the payback amount is around Rs.37 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Daily update are mailed to me, I like it.
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