Canara HSBC iSelect Smart360 is a term insurance policy offered by the Canara HSBC OBC company. Using a term insurance plan, you can get a large cover, for a very nominal premium (almost 1000X). This makes it one of the easiest, most cost-effective, and simple ways to protect the financial interests of your loved ones, should your death happen during the term of the policy. With this term insurance plan from Canara HSBC Life Insurance Company, your family will be paid a sum of money as a death benefit, in case your death happens during the term of the policy.
This product hits the sweet spot with its affordability and benefits. It is reasonably priced in comparison to other products in the market and offers the flexibility to tailor your coverage with options like increasing cover, an early exit option, a comprehensive critical illness rider, and a Rolling Limited Pay option, allowing you to select the exact number of years over which you'd like to pay your premiums (as specified by the insurer). It also offers various choices for customizing how your family will receive the claim amount. On the flip side, however, the insurer has received a higher number of claim settlement complaints as well as policy purchase complaints as per our research, indicating a poor track record in terms of both purchase and claims service experience.
Canara HSBC OBC is a Life Insurance company in India. Founded in 2008, it is a joint venture promoted by Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited and Punjab National Bank. The company is headquartered in Gurugram, its CEO/CMD 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.
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