Canara HSBC OBC iSelect Star is a term insurance policy offered by the Canara HSBC OBC company. A term insurance plan is by far the cheapest, most efficient way to secure the future of your loved ones, and protect them against the risk of your death. It pays a sum of money, based on the cover amount you choose - to your family, in case your death happens during the term. However, term plans don’t offer any maturity benefit - meaning, you don’t get anything back in case you survive the policy term. That’s their only drawback.
This product hits the sweet spot with its benefits and relatively affordable pricing, with many of the top benefits, customization, payment options. This insurer was found to offer a good experience during the policy purchase phase. On the flip side, the insurer has a poor track record with respect to the claims service experience.
Canara HSBC OBC is a Life Insurance company in India. It offers Term Life Insurance, Traditional Savings and Unit Linked Insurance Plans. Founded in 2008, it is a joint venture between Canara Bank, HSBC Insurance Holdings Limited and Punjab National Bank. The company is headquartered in Gurugram, and has over 11000 branches across India.The CEO/CMD of Canara HSBC OBC Life Insurance is Mr. Anuj Mathur.
Canara HSBC OBC iSelect Star is a term insurance policy offered by the Canara HSBC OBC company.
When you look forward to finding the perfect term insurance policy, you would mostly select the policy which provides you and your family with various benefits and fits perfectly with your requirements. The Canara HSBC OBC iSelect Star is one such policy that gives you a lot of customization options for claim payout, limited pay and increasing cover. However, this policy comes with a drawback - the insurer, Canara HSBC OBC, holds a poor track record in terms of claims service experience. This indicates your family is likely to face some hassles during the process of claim settlement.
Here are some of the key benefits and features the Canara HSBC OBC iSelect Star has to offer.
The Canara HSBC OBC iSelect Star offers some additional benefits known as riders. Riders available with this plan include -
However, it does not offer a critical illness rider and waiver of premium rider on critical illness rider.
Heres, a review of the past claim experiences with Canara HSBC OBC company which can help you decide better whether or not you purchase a policy from this insurer.
Just like every product and insurer have their own set of pros and cons which helps you decide better whether or not the plan or insurer meets your requirements, the Canara HSBC OBC also has its own set of benefits and drawbacks. Below are some of the disadvantages of the insurer which can help you decide better.
Canara HSBC OBC provides its customers with toll-free service and also responds to them via social media platforms such as Twitter.
Make sure you discuss all the pros and cons including customer services with your family or nominee while buying the term insurance policy so that they don’t hit a roadblock and are aware of the next step in your absence.
Canara HSBC OBC is a Life Insurance company in India. It offers Term Life Insurance, Traditional Savings, and Unit Linked Insurance Plans. Founded in 2008, it is a joint venture between Canara Bank, HSBC Bank, and Oriental Bank of Commerce. The company is headquartered in Gurugram and has over 11000 branches across India. The CEO/CMD of Canara HSBC OBC Life Insurance is Mr. Anuj Mathur.
Based on the 100+ parameters analyzed by our in-house research team and considering its product benefits, customer service, and claims experience, Canara HSBC OBC iSelect Star gets a Beshak⭐Rating of 3.8/5.