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Canara HSBC Term Insurance Claim Settlement

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Highlights
Claim Settlement Ratio97.10%
Death Benefit Paid For1,252 Policies
Inception2008
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

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

Best Canara HSBC Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 97.84%
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

Claim Settlement of Canara HSBC Term Insurance

Canara HSBC Oriental Bank of Commerce prides itself on offering the highest level of customer service. It is evident in the excellent claim settlement ratio of 98.12% for the financial year 2019-20. Though the company does not offer an online process to register the claim, it allows claimants to track the process online.

  • How To Make Claim

    How to Make Canara HSBC OBC Life Insurance Term Insurance Claim Online?

    Canara HSBC OBC term insurance does not offer any facility to register the insurance claim online.

    How to Make Canara HSBC OBC Life Insurance Term Insurance Claim Offline?

    The insurance claim procedure is convenient and user-friendly. The claimant or the nominee should inform the company about the policyholder’s death. On receiving the information, the claim settlement officer will forward a list of documents along with the respective application forms to the nominee. The nominee should complete the forms and submit all the documents listed out, as necessary. The claim form and list of papers is also available on the official website. On receipt of all the documents, the claim is registered. The claims settlement department can call for additional documents if required for processing the claim. After verifying the documents, the company will provide the decision on the claim. 

  • Documents Required

    Documents Required to Make Canara HSBC OBC Term Insurance Claim

    The claimant/nominee should submit the following documents along with the prescribed claim forms to Canara HSBC OBC for the speedy claim processing. 

    A. Claim Forms

    The nominee/claimant should submit these following forms as applicable. These forms are readily available for download on the website.

    • Death Claim Form (Form C)
    • School/College Certificate (Form S)
    • Physician’s Statement (Form P)
    • Employer’s Certificate (Form E)
    • Treating Hospital’s Certificate (Form H)

    B. Mandatory Documents

    • Original Policy Document
    • Attested copy of the death certificate
    • Death Claim Form – Form C
    • NEFT Mandate with a cancelled cheque or bank passbook
    • Nominee’s KYC details

    C. Additional Documents, In the Case of Hospital Death.

    • Physician’s Statement – Form P
    • Treating Hospital Certificate – Form H
    • Employer (Form E) Or School/College certificate (Form S)
    • Hospital treatment records

    D. Documents Necessary in the Case of Accidental/Unnatural Death

    • Copy of Police FIR, Panchanama, and Police Complaint
    • Copy of post-mortem report, autopsy, and viscera report
    • Copy of Final Police Investigation report/charge sheet

Canara HSBC OBC Term Insurance User Reviews

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  • From browsing policies to buying the Canara HSBC OBC Term Insurance- iSelect Star Term Plan, the entire proces...

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    Canara HSBC OBC
    By Ashok Shaliwal
    On: Sep 29, 2023
  • The customer support at InsuranceDekho is top-notch. They answered all my queries promptly and helped me choos...

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    S
    Canara HSBC OBC
    By Sachin Kumar
    On: Sep 25, 2023
  • I had to make a claim on my InsuranceDekho’s Canara HSBC OBC Term Insurance, and I was amazed at how qui...

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    S
    Canara HSBC OBC
    By Shristi Ahuja
    On: Sep 20, 2023
  • The documentation process for InsuranceDekho's Canara HSBC OBC Term Insurance is straightforward and user-frie...

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    S
    Canara HSBC OBC
    By Suman Gupta
    On: Sep 11, 2023
  • The InsuranceDekho website has a list of all the top insurance companies which helped me look for an appropria...

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    K
    Canara HSBC OBC
    By Kalyan Ghosh
    On: Sep 04, 2023
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Canara HSBC Term Insurance Contact Details

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Claim Process at Canara HSBC Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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