Canara HSBC OBC iSelect Star Term Plan 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. It offers customizations such as increasing cover, early exit option and comprehensive critical illness coverage. It also allows you to customize how your family will receive the claim amount. Additionally, the insurer has a good track record of settling claims faster and received fewer complaints with respect to policy purchase as per our research. On the flip side, however, the insurer received a higher number of claim settlement complaints and the plan doesn’t offer many limited pay options to speed up premium payments.
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 iSelect Smart360 is a term insurance policy offered by the Canara HSBC OBC Life Insurance 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 iSelect Smart360 is one such policy that gives you a lot of customization options for claim payout, and other features such as increasing cover and comprehensive critical illness rider. Additionally, the insurer has a good track record of settling claims faster and received fewer complaints with respect to policy purchase as per our research.
On the flip side, however, the insurer received a higher number of claim settlement complaints and the plan doesn’t offer many limited pay options to speed up premium payments.
Here are some of the key benefits and features the Canara HSBC iSelect Smart360 Plan has to offer.
The Canara HSBC iSelect Smart360 offers some additional benefits known as riders. The riders available with this plan include -
However, it does not offer a critical illness rider and waiver of premium rider on critical illness rider.
Below are some of the disadvantages of buying from Canara HSBC OBC -
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 iSelect Smart360 gets a Beshak⭐Rating of 4.3/5.