Canara HSBC Term Insurance Premium Payment Online

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

Benefits of Canara HSBC Term Insurance Premium Payment Online

Let us take a look at all the benefits of making your Canara HSBC term insurance payments online:

• Secure Transaction: Canara HSBC allows its customers to make payments online without worries through their online payment portal.

• Different Premium Payment Methods: Paying your premiums online allows you to choose the online payment method at your convenience.

• Free of Cost: The company offers the online payment feature free of cost to all its customers and thus you can make payments at no extra costs.

• User-friendly: The Canara HSBC term insurance premium payment online portal is very easy to use and navigate.

• Quick Payments: Online payments are quick and easy as you don’t have to go to the nearest branch to make the premium payments every month. It can be done from the comfort of your home with just a few clicks.

Note: You can easily calculate the term plan premium on the term insurance calculator online tool.

Steps For Canara HSBC Term Insurance Premium Payment Online

Here is a list of steps you need to follow to make your Canara HSBC term insurance premium payments online:

• Step 1: Fill in your Client ID, Policy number, or COI number along with your date of birth to login into your account

• Step 2: Select the policy you want to make the online payment for

• Step 3: Choose the premium payment option as per your suitability

• Step 4: Fill in and submit the required details to make the payment

• Step 5: Save/Print the premium deposit acknowledgment and keep the receipt number for future reference

Canara HSBC Term Insurance Online Premium Payment Options

Canara HSBC term insurance offers various means to make premium payments online. Following are the online premium payment options available:

• Auto-Debit: You can register a request for auto-debit on your credit card to make on-time payments.

• Bharat QR Code: You can scan the Bharat QR code to make the payment directly from your banking app. You just need to make sure that the app is compatible with the Bharat QR code.

• UPI: You can pay by scanning the bar code available on the company’s customer portal/website after selecting the UPI in the payment options.

• Insta Pay: You can make payments directly from over 33 banks using insta pay.

• Credit/Debit Cards: You can use your credit card (VISA, Mastercard, Diner Club International, American Express, RuPay) or debit card (VISA, Mastercard, Maestro, RuPay) to make payments online using cards from banks the company has tie-ups with.

• Prepaid Wallet/Cash Cards: You can pay premiums using Paytm, ITZ card, OLA money, Airtel money payment wallet, JIO money, Oxigen wallet, etc.

• Internet Banking: You can pay premiums online from the banks the company has tie-ups with.

• EMI: You can choose to convert the premiums into EMIs on the company’s customer portal/website. All you need to do is select your credit card (VISA/Mastercard) that is available under the company tie-up banks.

Information Required Before Making Canara HSBC Term Insurance Premium Payment Online

• You can choose from the wide range of online premium payment options available to pay your policy premiums online.

• You need to use the registered and valid phone/policy number/email details to make the online payments.

• If for some reason you are unable to pay the premiums within the due date, you can make the payment during the grace period.

• You can also use the Canara HSBC Term Insurance Calculator to calculate the amount you would need to pay as premiums.

• You can save the receipt number and premium deposit acknowledgment for future reference.

Wrapping It Up!

The payment of premiums online has made the policy premium payment easy it is easy to make payments online on time. You too can avail of this facility and pay the premiums within a few minutes from the comfort of your home by following the above-mentioned steps.