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Canara HSBC Life Insurance

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Canara HSBC Life Insurance
Claim Settlement Ratio98.12% in FY 2019-20
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For1,252 Policies
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

Canara HSBC Life Insurance Company was established in 2008. It is a conglomerate of three prominent financial entities, Canara Bank (51%), Punjab National Bank (23%), and HSBC Insurance Holdings Limited (Asia-Pacific) (26%) as the foreign investor. Having its headquarters in Gurugram, the company has a branch network of more than 9,500 branches of Canara Bank, HSBC Insurance, and Punjab National Bank across India. It brings an amalgamation of the banking excellence of Canara Bank and Punjab National Bank along with the insurance knowledge of HSBC.

The company has an asset management base of Rs. 15,374 crores as on March 31, 2020. The highlight of its performance in recent times is the 98.12% Claims Settlement Ratio for the FY 2019-20. On the recognition front, Canara HSBC Life Insurance has been conferred with “The Economic Times Best Brands 2020” Award and the “Life Insurance Company of the Year Award 2020.”

Types of Canara HSBC Life Insurance Plans

Canara HSBC Life Insurance offers an incredible range of life insurance policies under different kinds of plans:

  • Term Insurance Plans: Canara HSBC Life Insurance has a range of term insurance plans on offer that can protect your family from all financial burdens until you attain 99 years of age. The list of term plans includes iSelect+ Term Plan, POS – Easy Bima Plan and Saral Jeevan Bima.
  • Savings Plans: Canara HSBC Life Insurance Savings Plans encourage you to save for your future and offers multiple avenues to grow your money through systematic and disciplined investments. The list of savings plans includes Invest 4G Plan, Guaranteed Savings Plan, Guaranteed Income Plan, Easy Bachat Plan, Jeevan Nivesh Plan, Money Back Advantage Plan, and Guaranteed Income Advantage Plan.
  • Unit Linked Insurance Plans: Canara HSBC Life Insurance offers two ULIPs to help you achieve your aim of creating wealth for your family along with life cover. The plans are Titanium Plus Plan and Smart Goals Plan.
  • Child Insurance Plans: Canara HSBC Life Insurance child insurance plans provides the necessary financial security for your children’s future requirements and enable them to realise their dreams and careers. The child insurance plans include Smart Future Plan, Future Smart Plan, and Smart Junior Plan.
  • Retirement Plans: Canara HSBC Life Insurance has a comprehensive range of retirement plans to help secure your golden years, enabling you to enjoy them without depending on anyone. The plans include Smart Lifelong Plan, Secure Bhavishya Plan, Smart Monthly Income Plan, Smart Future Income Plan, Pension4Life Plan, and Saral Pension Plan.
  • Health Insurance Plans: Canara HSBC Life Insurance offers health insurance to take care of the financial burden of increasing medical expenses. It also covers critical illnesses. The health insurance plan is Health First Plan.
  • Group Insurance Plans: Canara HSBC Life Insurance offers various group insurance plans to help employers meet their employee benefit payouts and also secure the financial and insurance needs of the group members. The plans are Group Advantage Term Plan, Group Term Edge Plan, Pradhan Mantri Jeevan Jyoti Bima Yojana, Sampoorna Kavach Plan, Group Credit Secure Plan, Group Secure Plan, and Group Traditional Plan.

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

User Reviews

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What users are saying
  • All
  • Affordable Policy

    Thank you InsuranceDekho for suggesting the Canara HSBC OBC Life Insurance Plan. I am loving my purchase of a life insurance policy through your online platform. It was very easy to compare the plans from InsuranceDekho’s website and choose the best one for myself. Thank You InsuranceDekho for the Canara HSBC OBC Life Insurance Policy.

    Canara HSBC
    By Shakti Kumari
    On: Feb 27, 2024
  • Easy to Compare Plans

    I was looking for some tools to compare the different Life insurance plans on InsuranceDekho. I used these tools to compare all the available life insurance plans and then finally bought the Canara HSBC OBC Life Insurance Plan from InsuranceDekho.

    Canara HSBC
    By Anisha Chauhan
    On: Dec 22, 2023
  • Investment in Peace of Mind

    Investing in the Canara HSBC OBC Insurance Policy from InsuranceDekho is an investment in peace of mind. I can now focus on living life to the fullest, knowing that my loved ones are protected.

    Canara HSBC
    By Zaid Khan
    On: Oct 18, 2023
  • Reliable and Reassuring

    Life insurance can be overwhelming, but InsuranceDekho made it reliable and reassuring. I read quite a few good articles on the website before buying the Canara HSBC OBC Insurance Policy for my family. I know I'm in good hands.

    Canara HSBC
    By Manisha Bhatia
    On: Sep 29, 2023
  • Efficient Application Process

    I found the application process for my Canara HSBC OBC Insurance Policy to be efficient and straightforward. InsuranceDekho's platform made it easy to compare plans and choose the one that suited me best. Plus, their customer support was always available to answer my questions.

    Canara HSBC
    By Pallavi Saraswat
    On: Sep 25, 2023

Life Insurance News


  • How do customers apply for the online insurance plans offered by Canara HSBC Life Insurance?

    Customers can access the official website of Canara HSBC Life Insurance and apply for online insurance. 

  • What is the USP of Canara HSBC Life Insurance plans?

    Canara HSBC Life Insurance is the pioneer when it comes to reviving lapsed policies online. 

  • What is the overall reach of Canara HSBC Life Insurance?

    Canara HSBC Life Insurance has an extensive branch network throughout India because the company uses the vast network of more than 9,500 bank branches to reach out to its customers. 

  • What are the unique attributes of Canara HSBC Life Insurance customer service?

    Canara HSBC Life Insurance believes in treating the customers like they want to be treated, with fairness and consistency. The company concentrates on delivering its services with tremendous agility.

  • What are the different kinds of plans on offer from Canara HSBC Life Insurance?

    Canara HSBC Life Insurance offers a range of insurance plans like savings plans, term insurance plans, child plans, health plans, investment plans, group insurance plans, etc.