New to Insurance?
Unsure which plan aligns best with your needs? Choose a goal and we'll guide you through the decision.
- Investment
- Child Education
- Term Insurance
- Retirement
The above calculation and illustration of figures are indicative only and not on actual basis.
Child Education Calculator
A smart online tool that helps you easily navigate the costs of your child's future education, ensuring their dreams come true.
A term insurance calculator is a useful online tool that helps you determine how much coverage you need based on your income, lifestyle, and family’s needs.
The above calculation and illustration of figures are indicative only and not on actual basis.
A retirement planning calculator is a simple tool that gives you an idea of the corpus you can accumulate with a regular monthly investment for your golden years.
The above calculation and illustration of figures are indicative only and not on actual basis.
Explore Our Online Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Start Young, Pay Less, Stay Secured
- Life cover till 99 years
- Coverage for spouse
- Block your premium rate
- Child care benefit
Promise Made Today, Wealth Tomorrow.
- Market-Linked Returns + Life Cover
- 3 Plan Options
- Premium Funding Benefit
- Loyalty Addition & Wealth Boosters
Wealth Today, Protection Always
- Life Cover up to 100 Years
- 13 Fund Options
- Fund Switching Option
- Waiver Of Premium
Assured Returns, Zero Risk & Worries
- 4 Plan options
- Life cover + Guaranteed benefits
- Accidental death benefit
- Premium protection cover
Canara HSBC Life Insurance
We have over 17 years of experience in delivering exceptional value to our customers through our range of individual and group insurance solutions, designed to meet their various needs, including savings and investment, retirement, protection, and more.
15,700+ Partner Branches
15,700+ Partner Branches
Canara Bank, HSBC India, Other Alternate Channels
₹46,118 Cr Assets Managed
₹46,118 Cr Assets Managed
Assets Managed as of Mar' 26
99.52% Claims Settled
99.52% Claims Settled
Individual Death Claims settled for FY 2025 - 2026
189.9% Solvency Ratio
189.9% Solvency Ratio
Way Above the IRDAI Mandate
What is Life Insurance?
Life Insurance is an agreement between the insurance company (insurer) and the person buying the policy (policyholder or insured) to provide monetary protection to their family members. The insurer promises the insured to pay a sum of money in exchange for premiums. This amount is paid at a defined time mentioned in the policy document or upon the policyholder's death. The financial protection under life insurance is provided as life cover, also termed as sum assured.
Today, there are numerous life insurance plans available that the policyholder can buy to meet their family’s needs and requirements, such as pure financial protection, wealth building, retirement, wealth preservation and more.
What are the Different Types of Life Insurance?
Life insurance comes in various forms to suit different financial needs and life stages. Each offers unique features, benefits, and protection levels to help secure your family's future, save, or invest for long-term goals. Understanding these options can help you choose the right plan:
- Term Insurance: This life insurance policy offers economic security for an agreed time, also known as the policy term. If the insured individual dies within this time, the nominee gets a fixed payout (death benefit). A term insurance plan provides a high sum assured at cheap premiums and thus is the most sought-after mode of securing one's family financially.
- Savings and Investment Plans: These savings products help you grow your money systematically while combining security with investment growth. It is ideal for long-term goals like home buying, education, or retirement. Some plans offer insurance coverage, tax benefits, and flexible options to suit different financial needs.
- ULIP: A Unit-Linked Insurance Plan is a financial product that merges life insurance and investment. The premium contains a part of life cover, while the balance is invested in equity, debt, or balanced funds. ULIP have the prospect of building wealth in addition to protection through insurance.
- Child Insurance Plans: These are investment products with insurance that secure a child's future. They help create a corpus for a child’s education, marriage, and other achievements. In the event of the parent's demise, the policy pays a death benefit and usually waives future premiums, keeping the child's financial security intact.
- Retirement Plans: These types of plans enable individuals to create a secure income for their retirement years. Through regular investments during their working years, individuals can create a corpus that sustains their lifestyle once they retire.
Group Insurance Plans: Group insurance plans offer protection to a group of individuals under one policy, typically by employers, associations, or organisations. The plans usually offer coverage for life, health, or accident risks at lower rates than individual policies. Group insurance protects the financial welfare of members and their families, often with additional benefits such as maternity cover, critical illness cover, and wellness programmes to support overall employee well-being.
Benefits of Buying Life Insurance
Buying a life insurance plan with adequate coverage can be a financial cushion for your family. It ensures that the family's lifestyle and goals are not compromised due to unfortunate events such as death or disability.
Some life insurance plans, like Unit Linked Insurance Plans (ULIPs), offer wealth creation opportunities to policyholders, along with life coverage. These plans let you invest your premiums in different securities, like equity, debt, and more, to enjoy the benefits of inflation-beating returns.
Life insurance policies offer valuable tax benefits, enabling you to enhance your returns and accumulate savings. The premiums paid for the policy qualify for deduction under Section 80C of the Income Tax Act, 1961, up to ₹1.5 lakhs annually, subject to certain conditions. Furthermore, the funds withdrawn from the policy after the lock-in period and the maturity value received from life insurance plans are also tax-free.
Your source of income will no longer exist with you after retirement. It is crucial to have enough money saved up so that, when you retire, you won't need to worry about anything. Together with a steady income stream, retirement plans offer life insurance.
Rider benefits add extra coverage and more protection against risks. Insurance riders are affordable, beneficial add-ons you can select to add to your policy. They strengthen the insurance policy by extending beyond the base policy. Some of the common riders are critical illness riders, accidental death riders, disability riders, and more.
Investment-linked life insurance plans such as endowment, money-back plan, and whole-life plans accumulate cash value over time. While these plans typically span a longer term, you can obtain a loan against the cash value they accrue. This feature enables you to access a portion of the funds within the plan while maintaining the investment toward the intended goals.
Life insurance plans are a practical means to realise your child's aspirations. These policies offer either a lump sum payment or regular income to support your child's education and empower them to pursue their ambitions unhindered.
Expert Guidance at Your Fingertips
Thank You For Registering,
We will get back to you
News and Media
-
News
-
Press Release
No Results Found
Business Today
All You Need To Know About Canara HSBC Life Insurance IPO. Should You Subscribe?
Read More
The Economic Times
Canara HSBC Life to Launch New Products, Widen Reach Post IPO
Read More
Business Standard
Canara HSBC Life Insurance Public Issue to Raise ₹2,500 cr
Read More
Moneycontrol
Daily Voice: Near-term headwinds for corporate earnings could impact equity markets for a while, says CIO Jyoti Vaswani
Read More
The Hindu Business Line
The advantages of buying Term Insurance online: Akshay Dhand
Read More
Outlook Money
Preference for ULIPs driving Insurance Market Growth: Anuj Mathur, MD and CEO, Canara HSBC Life
Read MoreVoice of Lucknow
Secure your finances and health with comprehensive life insurance
Read More
Express Computer
Our goal is to streamline turnaround times for simpler customer interactions: Sachin Dutta, COO, Canara HSBC Life Insurance
Read More
Elets Banking and Finance Magazine
Canara HSBC’s Encryption Strategies in the Age of Digital Compliance
Read More
ET Markets
ETMarkets Smart Talk: Focus on green energy to lead to multi-billion dollar enterprises over next decade: Jyoti Vaswani
Read More
Media Brief
Canara HSBC Life Insurance’s Rishi Mathur on #BadePromisesKaPartner: Our campaign is a call for consumers to envision a future without limits
Read More
Elets Banking and Finance Magazine
Tech Powered Transformation Leading The Way In Digital Insurance
Read More
Business World
Tech enabled initiatives Driving Canara HSBC Life Insurance's Market Expansion : Anuj Mathur
Read More
The Financial Express
Rising cost of cancer care: Life Insurance Can Alleviate Financial Burden
Read More
Nivesh Manthan
Opt for Guaranteed Life Insurance Plans to combat rising inflation
Read More
Deccan Herald
Untapped tier II/III markets present huge potential for insurance penetration: Canara HSBC CEO
Read More
Outlook Money
What Makes Terms Plans The Real Deal? Know How They Are Different From Money-Back Policies
Read More
The Hindu Business Line
In FY24, Canara HSBC Life eyes 25% jump in individual premium income
Read More
The Financial Express
Father's Day 2023 : Building financial corpus for young dads
Read More
PaisaVaisa
Comprehensive guide to life insurance with Canara HSBC Life Insurance
Read More
Exchange4Media
We have adopted a hybrid marketing strategy with focus on digital : Tarnnum Hasib
Read More
Elets Banking and Finance Magazine
Cloud platform implementation allow quick change to scale up business volumes
Read More
The Times Of India
Financial empowerment : A key to safer tomorrow for women of today
Read More
Mint Genie
Coverage is the most important aspect while buying life insurance, says Anuj Mathur of Canara HSBC Life Insurance
Read More
Canara HSBC expands in Jhansi
Canara HSBC Life Insurance ramps up presence by expanding the branch network in Jhansi
Read More
Me For My City Season 5 by Canara HSBC Life Insurance
Shankar Mahadevan supports Season 5 of Canara HSBC Life Insurance flagship event Me For My City.
Read More
Canara HSBC Life Insurance launches Wealth Edge
Canara HSBC Life Insurance launches Wealth Edge Plan
Read More
Mint Genie
Why should you have Disability Insurance cover in your investment portfolio?
Read More
Zee Business
No Compromise in Intergrity, An exclusive discussion with Mr Anuj Mathur, MD and CEO, Canara HSBC Life Insurance
Read More
India Diversity Forum
D and I Spotlight of the month - Canara HSBC Life Insurance
Read More
Financial Express
Gift yourself financial security & prosperity this Diwali by opting for Guaranteed Products
Read More
Mint Genie
World Heart Day: Why Critical illness rider is crucial for your financial portfolio
Read More
Canara HSBC Life Insurance launches Guaranteed One Pay Advantage
Canara HSBC Life Insurance rolls out new product Guaranteed One Pay Advantage
Read More
CNBC TV 18 - July 2022, How to plan wisely for your child's future
Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer writes an article for CNBC TV 18
Read More
Canara HSBC Life Insurance Re-branding
Canara HSBC OBC Life Insurance re-brands as Canara HSBC Life Insurance
Read More
Outlook Money
Three Reasons Why GenZ should buy a Life Insurance Policy. "Mr. Akshay Dhand, Appointed Actuary writes an article for Outlook Money
Read More
Express Computers
Our digital initiatives have been the building blocks for us to shape our business: Sachin Dutta, COO, Canara HSBC Life Insurance. Mr. Sachin Dutta, Chief Operating Officer in an exclusive discussion with Express Computers
Read More
Banking Frontiers Magazine
Digital Transformation demands deep thinking.Mr. Sachin Dutta interacts with magazine on digital initiatives of the company amid pandemic
Read More
Forbes Advisor
A Guide To Smart Investing : Save Tax. Ms Tarannum Hasib, Chief Distribution Officer authors an article for Forbes Advisor
Read More
Banking Frontiers
Making distribution more ubiquitous. Ms Tarannum Hasib, Chief Distribution Officer in an exclusive interaction with Banking Frontiers magazine
Read More
Marksmen Daily
AI and ML are playing pivotal role in the Life Insurance Space.Mr. Anuj Mathur, MD and CEO authors an article for Marksmen Daily
Read More
Business World
Mr. Anuj Mathur, MD and CEO authors an article for Business World
Read More
The Telegraph
Protect Your Corpus.Mr. Tarun Rustagi, Chief Financial Officer authors an article for The Telegraph
Read More
Marksmen Daily
Advice On Early Financial Planning. Mr. Akshay Dhand, Appointed Actuary writes an article for Marksmen Daily
Read More
Zee Business
Why should students start early investing in life? Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer writes an article for Zee Business
Read More
#ComplimentNotCompare
Canara HSBC Life Insurance celebrates woman’s individuality. Compliment not compare marketing campaign by Canara HSBC Life Insurance
Read More
FlexiEdge product launch in media
Canara HSBC Life Insurance launches FlexiEdge
Read More
Dainik Jagran
Stay aware while buying insurance plan online. Mr. Akshay Dhand, Appointed Actuary writes an article for Dainik Jagran
Read More
People Matters
HR Leaders, invest in yourself first: Kiran Yadav, Canara HSBC Life Insurance. Ms Kiran Yadav, Chief People Officer in an interview with People Matters
Read More
Dainik Jagran
How to choose between Term Plan or Money Back Policy. Mr. Akshay Dhand, Appointed Actuary writes an article for Dainik Jagran
Read More
Aureus Analytics
A demanding future for the insurance distribution industry. Ms. Tarannum Hasib, Chief Distribution Officer in an interaction with Aureus Analytics
Read More
The Times Of India
Guaranteed income plans can go long way in your financial planning.Mr. Anuj Mathur, MD and CEO penned an article for The Times Of India
Read More
The Banking and Finance Magazine
Cybersecurity landscape will continue to evolve: Siddharth Kaushik, CRO, Canara HSBC Life. Mr. Kaushik, Chief Risk Officer in an exclusive interaction with magazine
Read More
Deccan Herald
All you need to know about the retirement plans.Mr. Akshay Dhand, Appointed Actuary profiled in Deccan Herald for an article
Read More
Forbes Advisor
What is Term Life Insurance? Ms Tarannum Hasib, Chief Distribution Officer featured on Forbes Advisor.
Read More
The Times Of India
Life Cos fear Q1 loss due to COVID, up provisions.Mr. Anuj Mathur, MD and CEO quoted in The Times Of India
Read More
Outlook Money
The only long term investment guide millennial need.Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer featured on Outlook Money
Read More
Outlook Money
Your Checklist for buying a cover.Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer featured on Outlook Money
Read More
Business Standard
Missing nominations pose a challenge to heirs.Mr. Sachin Dutta, Chief Operating Officer featured in Business Standard
Read More
The Banking and Finance Post
Digital-only experience, our mantra to success amid covid.Mr. Sachin Dutta, Chief Operating Officer interacts with magazine on digital initiatives of the company
Read More
usiness Standard
Go for group cover if policy rejected.Mr. Sachin Dutta, Chief Operating Officer featured in Business Standard
Read More
Deccan Herald
Choose Guaranteed Plans to get maximum benefits.Mr. Rishi Mathur, Chief Digital & Strategy Officer's article on guaranteed plans and benefits
Read More
The Hindu Business Line
Life Insurance firms focus on guaranteed income products in post COVID-19 world. Mr. Akshay Dhand, Appointed Actuary interacts with publication on guaranteed products
Read More
Money Control
Four sectors from midcap space that Deven Sangoi of Canara HSBC Life Insurance is bullish on.Mr. Deven Sagoi, Chief Investments Officer interacts with Money Control
Read More
Outlook Money
Get the right cover.Mr. Akshay Dhand, Appointed Actuary article on choosing the right life insurance plan
Read More
Business Today
Healthy Body, Healthy Mind.Mr. Anuj Mathur, MD and CEO featured in Business Today magazine
Read More
Forbes Advisor
How To Read A Life Insurance Policy Document.Ms Tarannum Hasib, Chief Distribution Officer authors an article for Forbes India (Forbes Advisor)
Read More
Money Control
Special exemption for insurance products will help, says Anuj Mathur, MD and CEO, Canara HSBC Life Insurance.Mr. Anuj Mathur, MD and CEO in an interction with Money COntrol on upcoming Union Budget
Read More
The Indian Express
Awareness post COVID high, but no surge in BIZ as several sectors are facing challenges.Mr. Anuj Mathur, MD and CEO interacts with The Indian Express
Read More
HeroesOfMyCity
No Compromise in Intergrity, An exclusive discussion with Mr Anuj Mathur, MD and CEO, Canara HSBC Life Insurance
Read More
The Economic Times
INSURANCE 2020 & BEYOND : WHAT'S NEXT?.Mr. Anuj Mathur, MD & CEO, Canara HSBC Life Insurance speaks to The Economic Times
Read More
The Hindu Business Line
Canara HSBC eyes 99% claim settlement ratio for individual policies in FY21:CEO. Mr. Anuj Mathur, MD & CEO on annual performance of the company
Read More
The Banking Frontiers
The Pandemic Response.Mr. Sachin Dutta, Chief Operating Officer, Canara HSBC Life Insurance in an interaction with The Banking Frontiers Magazine
Read More
Exchange4Media
Canara HSBC Life Insurance dips into nostalgia for their IPL campaign.Ms. Tarannum Hasib, Chief Distribution Officer interacts with Exchange4Media on launch of new digital campaign
Read More
Money Control
PSU bank amalgamation has proved beneficial, says Canara HSBC Life CEO.Mr. Anuj Mathur, MD & CEO on annual performance of the company.
Read More
The Banking and Finance Post
COVID pushed us to explore and expedite our technology-driven initiatives: Siddharth Kaushik, CRO, Canara HSBC Life Insurance. Mr. Siddharth Kaushik, Chief Risk Officer, Canara HSBC Life Insurance speaks to The Banking and Finance Post magazine
Read More
ET Brand Equity
Ms. Tarannum Hasib, Chief Distribution Officer speaks to ET Brand Equity on launch of new digital campaign
Read More
The Hindu Business Line
In FY21, Canara HSBC Life sees 'good growth' in new business premium. Mr. Anuj Mathur, MD and CEO interacts with The Hindu Business Line
Read More
Announcement on additional health cover insurance policy for employees amid COVID-19
Canara HSBC Life Insurance rolls out additional rolls out additional health cover for employees amid COVID-19
Read More
The Economic Times | Panache
Anuj Mathur says now is the most difficult time for a business to sustain; is looking forward to going back to office.Mr. Anuj Mathur, MD and CEO in an exclusive interaction with The Economic Times | Panache
Read More
ET Markets
Canara HSBC Life Insurance posts a profit of Rs 105 crore for FY20.Mr. Anuj Mathur, MD & CEO on annual performance of the company
Read More
Banking Frontiers
Digitally sourced policies jump 100% during lockdown. Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer interacts with Banking Frontiers Magazine
Read More
The Statesman
Striking a balance.Ms Kiran Yadav, Chief People Officer's article in The Statesman
Read More
THE FINANCIAL EXPRESS
How to choose right insurance for different life stages? How to choose right insurance for different life stages?Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer in an interaction with The Financial Express
Read More
Voice&Data
Riding a tension-free, resilient, flexible network.Mr. Sachin Dutta, Chief Operating Officer in an interaction with Voice&Data magazine
Read More
CXOWORLDWIDE.COM
Agile CXO: Leading the change to a ‘new normal’.An article by Ms. Tarannum Hasib, Chief Distribution Officer
Read More
PEOPLEMATTERS
The Superwoman, interrupted.An article by Ms. Kiran Yadav, Chief People Officer
Read More
VOICE&DATA
Issue - Work from home will be the new normal in Few Years.Mr. Sachin Dutta, Chief Operating Officer in an interaction with Voice&Data magazine
Read More
EXPRESS COMPUTER
COVID-19 impact - How is Canara HSBC Life Insurance coping up. EC's Abhishek Raval speaks to Siddharth Kaushik, Chief Risk Officer, Canara HSBC Life Insurance
Read More
The Hindu Business Line
Canara HSBC Life sees over 30% growth in new business premium in FY20-21.Mr. Anuj Mathur, MD & CEO in an exclusive interview with The Hindu Business Line
Read MoreMoney Control
Women, Work and Gender-Equity in today's corporate world.Ms. Tarannum Hasib, Chief Distribution Officer authored article on Money Control
Read More
The Economic Times
Putting Customers First.Mr. Anuj Mathur, MD & CEO in an exclusive interview with The Economic Times
Read More
MAIL TODAY
Skills should be in sync with the industry's needs.Ms. Kiran Yadav, Chief People Officer, Canara HSBC Oriental Bank Of Commerce Life Insurance in an exclusive interview
Read More
The Hindu Business Line
A new annuity plan for post retirement. Canara HSBC Life Insurance has launched Pension4life Plan
Read More
The Hindu Business Line
Canara HSBC Life Insurance aims to boost digital sales Anuj Mathur, MD & CEO, Canara HSBC Life Insurance in exclusive interview
Read More
The Assam Tribune
Canara HSBC Profit Canara HSBC Life Insurance achieves cumulative break-even & a net profit of INR 165 crore for FY2018-19
Read More
The Sunday Statesman
Canara bank & its arm launch 'Webassurance Canara Bank & Canara HSBC Oriental Bank Of Commerce Life Insurance launch Webassurance for bank customers
Read More
The Economic Times
Simplicity is the new innovation Anuj Mathur, MD & CEO, Canara HSBC Life Insurance in an exclusive interview
Read More
Financial Chronicle
Promise Kiya! Ab Plan Karo Canara HSBC Life Insurance launches brand campaign
Read More
Banking Frontiers Magazine
Canara HSBC Life Insurance aims for 1mn customers by 2020 Anuj Mathur, MD & CEO, Canara HSBC Life Insurance in an exclusive interview
Read More
India Business Journal
Beating a volatile market Anurag Jain, Chief Investment Officer, Canara HSBC Life Insurance byline article
Read More
The Hindu Business Line
Traditional insurance products benefit from higher G-Sec yields Anurag Jain, Chief Investment Officer, Canara HSBC Life Insurance exclusive interview
Read More
Deccan Herald
Financial planning for your children Akshay Dhand, Appointed Actuary,Canara HSBC Life Insurance byline article
Read More
Business Standard
Canara HSBC Life to shift focus to tier III, IV cities Anuj Mathur, CEO, Canara HSBC Life Insurance talks about the Company
Read More
The Hindu Business Line
Life Insurer Canara HSBC posts 51% rise in net profit Anuj Mathur, CEO, Canara HSBC Life Insurance exclusive interview
Read More
The Times of India
Talent Acquisition is not just recruitment Kiran Yadav, Chief People Officer, Canara HSBC Life Insurance shares her perspective
Read More
Financial Chronicle
Rising crude, falling rupee, fiscal slippage & poll-heavy calendar are key challenges Anurag Jain, CIO, Canara HSBC Life Insurance shares his views on the markets
Read More
Deccan Herald
How much Life Insurance should be enough? Rishi Mathur, Head - Products and Strategy, Canara HSBC Life Insurance byline article
Read More
Lucknow News
Canara HSBC Life Insurance gets ISO 9001 - 2015 Certification The Company has received this certification for establishing quality management standards within the company
Read More
Outlook Money
Canara HSBC Life Insurance offers Grief Support A grief support program, 'Bereavement Support Program' to provide assistance to the family of the deceased policyholder.
Read More
The Hindu Business Line
Canara HSBC Life Insurance & Can Fin Homes tie up to sell Life Insurance All the life insurance products of Canara HSBC Life Insurance would be made available to customers of Can Fin Homes
Read More
Financial Chronicle
Your future is in your hands Tarannum Hasib, Chief Distribution Officer, Canara HSBC Life Insurance shares her thoughts on - Why financial planning is important for women?
Read More
Banking Frontiers Magazine
Canara HSBC for digital avatar in 3 years Anuj Mathur, CEO, Canara HSBC Life Insurance exclusive interview
Read More
Deccan Herald
We have right products to sell to the right customers Anuj Mathur, CEO, Canara HSBC Life Insurance exclusive interview
Read More
The Hindu Business Line
Canara HSBC Life begins video service for real-time customer engagement . Shalabh Saxena, Chief Operating officer, Canara HSBC Life Insurance interview
Read More
Afternoon Despatch & Courier
Ensuring Efficient Growth . Gaurav Seth, CFO, Canara HSBC Life Insurance talks about the Company
Read More
CIO Review Magazine
Enhanced focus on cyber security in the digital era . Sachin Dutta, Chief Risk Officer, Canara HSBC Life Insurance byline article
Read More
The Times of India
Vintage employees - boon or bane?. Kiran Yadav, Director HR, Canara HSBC Life Insurance shares her perspective
Read More
Business Standard
Canara HSBC Life Insurance eyes Rs 850cr in new business premium . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
The Tribune
Crucial skills to stay relevant . Kiran Yadav, Director HR, Canara HSBC Life Insurance shares few key skills for HR professionals
Read More
Money Today
Aadhaar, Pan to help in faster claim settlement . Anuj Mathur, CEO, Canara HSBC Life Insurance exclusive interaction
Read More
The Economic Times Wealth
Investors must not panic over shell company ruling . Anurag Jain, CIO, Canara HSBC Life Insurance talks about the equity market
Read More
Rajasthan Patrika
Common Mistakes while buying Life Insurance . Shalabh Saxena, COO, Canara HSBC Life Insurance byline article
Read More
The Hindu Business Line
Dhanlaxmi Bank to market insurance products of Canara HSBC Life . Canara HSBC Life Insurance has entered into a marketing alliance with Kerala-based Dhanlaxmi Bank
Read More
Business Standard
Company ties up with Dhanlaxmi Bank . Canara HSBC Life Insurance today entered into a tie-up with Kerala-based Dhanlaxmi Bank
Read More
CSR Vision Magazine
Exclusive interview of Mr. Anuj Mathur . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
The Economic Times Wealth
Comparing life insurance with mutual funds is not appropriate . Anuj Mathur, CEO, Canara HSBC Life Insurance exclusive interview
Read More
Deccan Herald
Importance of financial planning for women . Tarannum Hasib, Director Sales, Canara HSBC Life Insurance byline article
Read More
Times of india
CHALLENGES for a office-going working mother . Kiran Yadav, Director HR, Canara HSBC Life Insurance byline article
Read More
Banking Frontiers
Canara HSBC Life Insurance aims at 30% growth . Tarannum Hasib, Director - Sales, CHOICe exclusive interview
Read More
Financial Chronicle
Growth recovery round the corner, but pace could be gradual . Anurag Jain, CIO, CHOICe exclusive interview on market outlook
Read More
Deccan Herald
Digitisation - Taking insurance industry to next level of growth . Anuj Mathur, CEO, Canara HSBC Life insurance article
Read More
The Times of India
Decoding the young breed . Kiran Yadav, Director HR, Canara HSBC Life insurance article
Read More
Deccan Herald
Canara HSBC Life to expand business . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
The Hindu Business Line
Canara HSBC Life to launch term insurance with return of premium . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
Financial Express
Canara HSBC Life rolls out iSelect Term Plan . Canara HSBC Life rolls out iSelect Term Plan
Read More
Afternoon Dispatch & Courier
As Economic Growth Accelerates, Stocks And Sectors Linked To The Domestic Economy Would Do Well . Anurag Jain, CIO, Canara HSBC Life insurance exclusive interview
Read More
Rajasthan Patrika
Canara HSBC Life expands . Gaurav Seth, CFO, Canara HSBC Life insurance discusses company growth plans
Read More
The Times of India
Canara HSBC Life eyes 40% growth . Gaurav Seth, CFO, Canara HSBC Life insurance discusses company growth plans
Read More
The Times of India
Insurance sector posts growth despite noteban . Tarannum Hasib, Director - Sales, Canara HSBC Life insurance shares company's growth plans
Read More
Hindustan Times
Life Insurance company sets target . Tarannum Hasib, Director - Sales, Canara HSBC Life insurance shares company's growth plans
Read More
The Financial Express
Canara HSBC Life launches unit linked plan for HNIs . Canara HSBC Life insurance launches new product
Read More
The Financial Express
Child plan from Canara HSBC Life Insurance . Canara HSBC Life insurance launches new product
Read More
Dainik Jagran
Digital platform in only market for future . Anuj Mathur, CEO, Canara HSBC Life insurance discusses the way forward
Read More
Financial Chronicle
Digital savvy Canara HSBC life sees 30% growth . Anuj Mathur, CEO, Canara HSBC Life insurance talks exclusively about the company
Read More
The Hindu Business Line
Canara HSBC Life Insurance keen to ride smartphone wave . Anuj Mathur, CEO, Canara HSBC Life insurance talks exclusively about the company
Read More
The Economic Times
A brand built on trust . Anuj Mathur, CEO, Canara HSBC Life insurance talks about the brand
Read More
Amar Ujala
Savings and investments with your safety . Shalabh Saxena, Director - Marketing & Customer Retention, Canara HSBC Life insurance shares his perspective
Read More
Afternoon Despatch & Courier
Product Review . Assured Nivesh Plan & Smart Suraksha Plan
Read More
Money Today
Raising awareness key against frauds . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
The Economic Times
Industry sectors outlook . Ritu Arora, CIO, Canara HSBC Life insurance shares her perspective on markets
Read More
The Hindu Business Line
The company eyes 35% growth in new business this fiscal . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
Data Quest Magazine
We are available to our customers & distributors via all digital channels . Chirag Jain, COO, Canara HSBC Life insurance exclusive interview
Read More
Financial Chronicle
How important is financial planning . Shalabh Saxena, Head - Marketing & Customer Retention, Canara HSBC Life insurance highlights the importance of planning
Read More
Financial Chronicle
There are no right jobs, only opportunities . Kiran Yadav, Director - HR, Canara HSBC Life insurance exclusive interview
Read More
The Hindu Business Line
Moderation in FII selling may drive market . Ritu Arora, CIO, Canara HSBC Life insurance exclusive interview
Read More
Banking Frontiers
Canara HSBC Life Insurance aims at 30% growth . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
Financial Chronicle
Canara HSBC Life eyes 30 % rise in new business . Anuj Mathur, CEO, Canara HSBC Life insurance interview
Read More
Afternoon Despatch & Courier
Canara HSBC Life Insurance expects 30% growth in FY16 . Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
Financial Chronicle
Aiming to increase AUM to Rs 20K crore in 3 years. Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
The Economic Times - Wealth
The Challenge is to win the trust of the customers. Anuj Mathur, CEO, Canara HSBC Life insurance exclusive interview
Read More
Deccan Hearld
Canara HSBC aims for Rs 20k- cr AUM mark. Anuj Mathur, CEO, Canara HSBC Life insurance shares company's growth plans
Read More
'Exclusive bancassurance model is successful'
Exclusive bancassurance model is successful. Anuj Mathur, CEO, Canara HSBC Life insurance talks about the company's business model
Read More
The Economic Times
Balancing act getting tougher for Central Bank. Ritu Arora, CIO, Canara HSBC Life insurance shares her perspective
Read More
Dainik Jagran
Key to Bancassurance. Anuj Mathur, CFO, Canara HSBC Life insurance shares his views on how bancassurance is the most trusted business model
Read More
Multi-agency is more expensive and complex to operate
Multi-agency is more expensive and complex to operate. John Holden, CEO, Canara HSBC Life insurance says open architecture may not increase insurance penetration but may increase the scope of mis-selling
Read More
CIO Review
We have implemented an Automation System with Single Source for Ml & Statistics Computation. Chirag Jain, Director Operations talks about the IT landscape
Read More
Asia Insurance Post
We don't think the management control clause would be any reason to discourage foreign players. John Holden, CEO, Canara HSBC Life insurance explains how new rules and regulations as enshrined in the Insurance Ordinance will make the industry more efficient
Read More
The Economic Times
Here's How to Get Claim Fast. The Insurance Regulatory and Development Authority (IRDA) has asked insurers to expedite the claim settlement process for the victims of floods in Jammu & Kashmir. They have responded by...
Read More
Business Standard
Canara HSBC Life to focus on bank partners. Canara HSBC Life Insurance, the only insurance company in the country that does not have agents, will continue to focus on the bancassurance channel. Bancassurance means...
Read More
The Hindu Business Line
Chirag Rathod's article on Have a home loan? Insure it.
Read More
Dainik Jagran
Rishi Mathur's article on Does the bread-winner of the family alone need insurance?
Read More
Money Mantra Magazine
Vishakha RM's article on Life insurance plan - a gesture that you care for your family
Read More
The Hindu Business Line
Vishakha RM's article on Life insurance plan - a gesture that you care for your family
Read More
The Economic Times - Corporate Dossier
John Holden's quote on post elections scenarios
Read More
Experiential Marketing Magazine
Manjit Lakhmana interview on Earth Hour (Cyclothon)
Read More
Ravivasariya Hindustan
Vishakha RM's article on Life insurance plan - a gesture that you care for your family
Read More
Corporate Dossier (The Economic Times)
John Holden talks about leadership and life
Read More
Dainik Bhaskar
Life Insurance QnAs?? answered by life insurance expert R M Vishakha
Read More
The Financial Express
John Holden's interview : We're looking at 50:50 mix of traditional, unit-linked products. We are probably among the first companies to be ready with a revised product offering on October 1.
Read More
HT Shine (Part of Hindustan Times publication)
Got a million-dollar idea? Manjit Lakhmana says, Canara HSBC Life Insurance Company's employee suggestion programme is called Mera Idea.
Read More
Dainik Jagran
R M Vishakha's exclusive interview. Life Insurance Policy is not a way to earn fast profit
Read More
Times Ascent (Part of The Times of India publication)
IT'S HALF-TIME! Manjit Lakhmana says, To create a performance driven organisation, it is essential that employees and managers conduct regular conversations.
Read More
Asia Insurance Post
John Holden's interview on company's marketing strategy. We are the life insurance department of our partner banks and our vision is to have a life insurance policy in the hands of every bank customer
Read More
The Hindu Business Line
John Holden's exclusive interview. Life insurance market is huge, and it's going to get bigger
Read More
The Insurance Times
Exclusive Interview with John Holden. The Company has exclusive access to around 60 million customers and a pan India network of over 5600 branches of Canara Bank, HSBC and Oriental Bank of Commerce
Read More
Business Standard
For us, bancassurance is a biz model. The company has three bank partners (Canara Bank, HSBC and Oriental Bank of Commerce). At this juncture, do you see any need to have an agency channel? When the company was ..
Read More
Financial Chronical
Protect your child's dreams by insuring yourselves first. LAST week I had the chance to spend some time at a bank branch with one of our partner banks, and meet customers. One of them was a smart...
Read More
Banking Frontiers
In Pursuit of Customer-Centricity. Mehul Dani: What are the growth indicators of Canara HSBC Life Insurance Company in Q1 2012-13? JohnHolden:We have been delivering consistent growth, which is better than industry growth.
Read More
Hindustan Times - Business
Canara HSBC Life Insurance bags Technology Leader Award. Canara HSBC Life Insurance company was awarded the 'Technology leader Award 2012' recently by Fintelekt, SP Media at the prestigious 'Indian Insurance Awards 2012'.
Read More
Business Bhaskar
Give right information in the proposal form to claim - Chirag Jain
Read More
Financial Chronicle
When to go for traditional insurance policies and when to opt for Ulips. CHOOSING the right life insurance product is not easy. It requires careful thought and consideration, and, a thorough evaluation of your present financial circumstances and your requirements in the ..
Read More
Economic times - Wealth
The first thing people should ask is, can i afford to die? The partnership between HSBC and two PSU banks took off four years ago. Its CEO John Holden tells Babar Zaidi what the hike in FDI limit means for his company ...
Read More
Business & Economy - Bfm
Persistency & cost management are the key. Canara HSBC Life Insurance Company has exclusive access to around 53 million customers and a pan-India network of over 4.800 branches of Canara Bank. HSBC and Oriental Bank ...
Read More
Education Times
Earth Hour. WWF-India, in association with Canara HSBC Life Insurance Company Limited, organised the 'Earth Hour 2012 Cyclothon' recently, a signature lead up activity to Earth Hour ...
Read More
Hindustan Times
Green Campaign. Participants at Pedal for the Planet, an Earth Hour cyclothon, to create awareness for Earth Hour, organised by Hindustan Times, Fever 104, WWF-lndia and Canara HSBC Oriental Bank of ...
Read More
The Economic Times
In Life Insurance, Transparency is the Key to a Smooth Claim Process. A life insurance policy is like a divine financial promise, made to a policyholders family and his loved ones, that they will be taken care of even in his ..
Read More
Financial Express
Canara-HSBC-OBC insurance plan. Canara HSBC Life Insurance, a joint venture between the two Indian public sector banks and HSBC Insurance, has launched Smart Sanchay Plan. The plan provides ...
Read More
Economic Times - Wealth
Canara HSBC Life. Insurance Company has launched the Smart Sanchay Plan, a traditional group protection-cumsavings product. The plan is designed for deposit account holders of the distributor banks and is customised ...
Read More
Deccan Herald
Canara HSBC Oriental Lifes plan. Canara HSBC Life insurance Company Ltd has announced launch of Smart Sanchay Plan a traditional group protection-cum-savings product It has been designed for deposit account holders ...
Read More
Ajir Dainik Batori
Canara HSBC Life Insurance Smart Sanchay Plan launched
Read More
Gomantak Times
Smart Sanchay Plan launched. Continuing the tradition of delivering products with enhanced value for the customer under its SMART Solutions umbrella, Canara HSBC of Indias largest public sector banks, Canara ...
Read More
Hindu Business Line
Canara HSBC Life offers savings plan. Mumbai, Sept. 13 Canara HSBC Life Insurance Company Ltd has launched a traditional group protectioncum-savings product Smart Sanchay Plan. The plan provides life cover and ...
Read More
Asia Insurance Post
Insurance has to be an integral part of everyone financial plan. What will be its positive impact on the Indian life insurance industry as the country has created more millionaires much faster than any other country? As the idea of having ...
Read More
Banking Frontiers
Success of Bancassurance. Canara HSBC Life Insurance Company is one insurer which has used the bancassurance channel to its optimum, reaching out to both its urban and rural ...
Read More
Western Times
Indians are good at financial planning, finds HSBC survey. Globally, one in five people; do not know what their main source of income will be after retirement 41% felt that they are under-prepared for retirement to some extent ...
Read More
Hindustan Times
Insurance company releases study on future of retirement. Canara HSBC Life Insurance Company released HSBC study Future of Retirement: The Power of Planning on Tuesday. As per the findings of the study, globally one ...
Read More
Financial Express
Indians are good at financial planning, finds HSBC survey. Globally, one in five people do not know what their main source of income will be after retirement, 41 % felt that they are underprepared for ...
Read More
Financial Chronicle
Plan your retirement well in advance. INDIA at present enjoys the fortunate position of relatively high savings rates. Further, it does not face the immediate demographic challenges like most of its peers. However, this will ...
Read More
Indian Express
Old age financial issues major worry. A survey has revealed that majority of Indians per cent respondents are worried about being able to cope financially in old age, with one in ten people...
Read More
Outlook Money
IF WE MESS UP INSURANCE, IT HURTS BANKING. 28 INSURANCE INTERVIEW: JOHN HOLDEN John Holden, CEO of Canara HSBC life Insurance, talks about how the Indian insurance market is different from the others, the recent ...
Read More
Hindu Business Line
Financial Planning Assistance. Following the move by RBI to increase the savings bank rate to 4 per cent, a few banks have hiked their deposit rates on deposits with a short-term maturity ...
Read More
Hindu Business Line
Hike in short-term deposit rates. Following the move by RBI to increase the savings bank rate to 4 per cent, a few banks have hiked their deposit rates on deposits with a short-term maturity ...
Read More
The Political And Business Daily
Canara HSBC launches life insurance simulator. CANARA HSBC Oriental Bank of Life Insurance Company today CANARA Commerce Limited announced the launch of Life Insurance Simulator (LIS), aimed to make the customer aware of importance of ...
Read More
Financial World
Canara HSBC launches Life Insurance Simulator. Chandigarh, May 19 CanaraHSBC Life Insurance Company limited a joint ventu re between two of lndia s largest public sector banks, Canara Bank and Oriental Bank ...
Read More
The Financial World
INSURANCE SIMULATOR. Canara HSBC Life Insurance Company Limited on Thursday announced the launch of Life Insurance Simulator (US), that was aimed to make the customer aware of ...
Read More
Economic Times - Wealth
Canara HSBC Life Insurance. Canara HSBC Life Insurance has launched Insure Smart Plan, a unit-linked product, which is equipped with investment-friendly features, The fund offers a guarantee of the ...
Read More
Business Standard (hindi)
Plan from Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited
Read More
Business Standard
New ulip from Canara HSBC Oriental By Pti. Canara HSBC Life Insurance Company Ltd on Monday announced the launch of Insure Smart Plan, a unit-linked insurance product. The plan provides the option of ...
Read More
Economic Times
Canara HSBC Life Rolls Out Ulip Plan. NEW DELHI Canara HSBC Life Insurance has announced the launch of an Ulip Insure Smart Plan. A Ulip Insure Smart Plan, under the SMART solution...
Read More
Financial Chronicle
Canara HSBC Life Rolls Out Ulip Plan. New Delhi CANARA HSBC Life Insurance on Monday announced the launch of an unit linked product Insure Smart Plan. A unit-linked insurance plan Insure Smart Plan, ...
Read More
Indian Express
Look out for options assess needs before buying life plan By Mario Perez. LIFE insurance is the foundation of financial security for you and your family. However, strange as it may sound, it is rare for a consumer to be discerning at ...
Read More
Financial Chronical
Canara HSBC sees 82% premium growth. Canara HSBC Life Insurance on Tuesday reported a 82 per cent growth in gross written premium at Rs 1,532 crore. During March, the company garnered a ...
Read More
Financial Express
Canara HSBC sees 82% premium growth. Canara HSBC Life Insurance on Tuesday reported a 82% growth in gross written premium at 1,532 crore. During March, the company garner a premium income of ...
Read More
Business Line
Markets are appropriately Valued. Markets are appropriately valued at this juncture, though there may be pockets of value buys in midand small-cap stocks, says Ms Ritu Arora, CIO, Canara HSBC Life Insurance. ...
Read More
Hindu Business Line
Markets are appropriately valued. Markets are appropriately valued at this juncture, though there may be pockets of value buys in midand small-cap stocks, says Ms Ritu Arora, CIO, Canara HSBC Life Insurance. ...
Read More
The Indian Express
Best way to secure your childs future. Being a parent is possibly the toughest financial responsibility there is. But with proper planning, one can work towards achieving the financial goal of providing the best writes MARIO PEREZ
Read More
The Economic Times
Rack of Reads. Fiction, travel or business-books have taught me a lot of valuable lessons says Mario Perez, Director - Sales, Marketing and Products, Canara HSBC Life Insurance Company
Read More
The Economic Times
The Corporate Classroom. There is a new surge of interest in executive education in India. With high growth and globalisation beckoning it, India Inc. feels more than ever before the need for ...
Read More
DNA Money
Raise tax exemption to increase insurance penetraion. The increasing importance of life insurance ,the ballooning Cenvant credit balance in the insurers books and the administrative issues in understanding the real profits of an insurance company has caused the insurance industry to seek the following changes in the upcoming Union budget.....
Read More
The Times of India ( Education Times)
Young space. Child protection space is an insurance concept that is all about securing a bright future for the child....
Read More
The Economic Times
Insurers seek seperate tax exemption for life policies. The insurance industry wants the government to create a seperate tax exemption limit of Rs.50,000 for life insurance premium in the bidget to encourage individuals to buy such policies......
Read More
Hindustan Times
Force multipliers for rural life insurance. India's major opportunities lie in the 70% of its population in the rural sector.....
Read More
Website: www.capitalmarket.com
We Expect a Slightly Higher Tax Rate for Industry While the Exemptions May Increase For Individual Tax Payers
Read More
The Economic Times (Casual)
Ritu Arora lists out her top five favourite books, music and movies. BOOKS-Too big to fail by Andrew Ross Sorkin- An intersesting and vivid description of the events and emotions dominating the financial crises....
Read More
Economic Times
Go for NAV Guarantee Plans if You Can t Digest Fluctuations. Products with highest NAV guarantee have gained in popularity and have been one of the best-selling Ulip (unit-linked insurance plan) products in recent times. Such products have been available for ...
Read More
Hindustan Times
Delhiites pedal for planet Earth. NEW DELHI: For about 100 environment-conscious people, Sunday morning started on cycles. Ahead of the Earth Hour on March 26, when people across the world switch off the lights ...
Read More
Financial Chronicle - Invest
India still on high growth path despite strong challenges inside and outside. How do you review your portfolios given that markets, both local and domestic, are volatile? We are long-term investors and that gives us the resilience and patience during volatile periods...
Read More
Financial Chronicle
Incentives needed to sell insurance I Interview I Harpal Karlcut, CEO, Canara HSBC Life Insurance Company Limited. CANARA HSBC Life Insurance, which started operations in the second half of 2008, has collected Rs 775 crores in premium till date. In an interview, Harpal Karlcut, Chief Executive Officer, told...
Read More
The Economic Times
Three ULIPs from Canara - HSBC - OBC Life. CANARA HSBC Life has come up with three unit-linked-products - Stay Smart Plan, Retire Smart Plan and Saral Bima Plus.
Read More
The Economic Times
Insurance cos popularity depends on customer service. POPULARITY of an insurance firm in India depends more on its customer service as compared to the products it sells, as per a report by advisory firm, Grant Thornton...
Read MoreNo Results Found
Pay Premium
Pay Anytime & Anywhere, Without Any Hassle
You can pay premiums online without the hassle of going to the branch. We offer a range of payment options for a seamless customer experience.
Claim Process and Forms
Check Your Claim Status
You can easily track your Life Insurance claim status on the go. We ensure that you are kept informed during the entire process.
Register Your Claim
We value the promises you made to your loved ones. Hence, we are committed to keeping those promises forever.
Popular Blogs and Articles
Child Plan
Happy Mother’s Day: Celebrating Love, Care and Strength
08 May '26 | 26 Views | 6 minutes read
Celebrate Mother’s Day by honoring the love, care and strength of mothers who shape families and inspire every generation.
Read MoreTax Saving
TDS on Rent Calculation FY 2026-27: Formula, Rates & Calculator
01 June '26 | 8264 Views | 14 minutes read
Learn how to calculate TDS on rent with examples, threshold limits, deduction rates, exemptions & calculator for FY 2026-27.
Read MoreRetirement Plan
How Family Pension Works After Death of a Pensioner in India?
04 June '25 | 1219 Views | 8 minutes read
Learn how family pension works after a pensioner's death. Understand eligibility, tax rules, and how much the spouse or dependents can receive monthly.
Read MoreGot a Curious Mind? Discover Further With FAQs
- Life Insurance FAQs
- Term Insurance FAQs
- All Plans FAQs
As the name suggests, whole life insurance is a type of life insurance in which the insured is protected for their entire life. Generally, the plans offer coverage up to 99 years of age. It helps the insured financially protect their loved ones in case of any unfortunate event.
Everyone should buy life insurance as it financially protects their loved ones and dependents in case of their unfortunate demise. It helps the family of the deceased in various ways, such as paying for loans, securing their children’s future and more. It acts as an income replacement.
Surrender value refers to the amount that the life insurance company has to pay when a policyholder wishes to surrender the policy in between the policy tenure. The amount varies depending on how far you are into your policy. There are two types of surrender value in life insurance, i.e. Guaranteed Surrender Value and Special Surrender Value.
Life insurance offers the policy nominees a sum assured if the policyholder dies, provided the premiums are paid on time, and the policy is active. A contract is formed between the policyholder and the insurance company, entailing details such as the sum assured, premiums, frequency, policy tenure, nominee details, etc. These details are mutually agreed upon and calculated considering the need, age, gender, medical history, etc
Every person has varied needs and wants. The best life insurance offers plans to provide financial security according to these needs and wants. There are many life products available in the market to cater to the needs of every individual. It is important to note that not all life insurance is suitable for you and your family’s needs.
The main difference between them is that term insurance is a part of life insurance that financially protects your family in your absence for a pre-determined period. The cost of a term plan is comparatively cheaper as it is a pure protection plan, whereas life insurance has various plans that offer survival benefits, maturity benefits, and more.
You can easily determine your premium using Life insurance calculators. You just need to fill in details such as your birth date, annual income, lifestyle habits, and gender. After that, you select the choice of life insurance plan variant, premium payment frequency, and the amount and duration of the coverage. The life insurance calculator will determine and display the premium payable for the intended insurance coverage.
Various types of life plans are available on the market to suit every individual's needs. The main categories are:
- Term Insurance
- Whole Life Insurance
- Unit Linked Insurance Plan (ULIP)
- Endowment Plan
- Money Back Plan
- Retirement Plan
- Child Insurance Plan
- Group Insurance Plan
- Savings & Investment Plans
Every insurance policy has a coverage amount that the insurance company pays to the policyholder or their beneficiaries against the premiums received. This coverage amount is known as the sum assured.
Surrendering a life insurance policy means giving up all the benefits, life cover, and investment value of the policy. It also means losing a big part of your investments so far in the plan. Here’s what you can do if you need to surrender:
- Make sure the policy is not in the lock-in period
- Complete the policy surrender form and visit the nearest branch of the insurer to submit - KYC Documents, Bank Account Proof and Original policy document.
- The process takes about 10-15 days to complete. You will receive the surrender value in your account.
Term insurance is a pure form of life insurance. It offers financial protection to the policy beneficiaries for certain years against regular premiums. If the insured person dies during the policy term, their beneficiaries get the death benefit payout. This amount replaces the insured's income for at least some time. Term insurance is the most affordable form of life insurance as it offers high protection at lower premiums than the rest of the insurance products.
The best term plan varies depending on each individual's needs. Various factors need to be considered while choosing these plans, such as the sum assured depending on your needs, payout features, premiums, types of policies to opt for, optional benefits, and much more. The claim settlement ratio is the other crucial thing that makes a plan the best. It refers to the number of claims resolved in a year divided by the number of claims received in a year multiplied by 100.
Yes, it is covered under section 80c of the Income Tax Act of 1962. It helps individuals save their taxes and provides protection. Under section 80C, one can claim deductions against term insurance. The maximum limit for an individual to get a tax exemption is Rs. 1.5 Lakh every year. Apart from this, people can add riders and optional benefits and get exemptions under 80D.
Group term life insurance covers multiple people under the same policy. As the name suggests, a group term plan is a single policy generally bought for a group of people, such as organisations, NGOs, etc. It covers the group of people until and unless they are no longer associated with the organisation or NGO. Group insurance can be converted to an individual plan, but the cost will increase.
Terminal Illness is an optional rider or benefit offered to the policyholder. The rider helps you financially if you are diagnosed with a life-threatening illness. It pays the policyholder a lump-sum amount for treatment, which is deducted from the death benefit. Generally, the chances of survival are next to none in such illnesses. A policyholder can choose to add this rider to their term plan.
Yes, we can change the nominee's name. Most insurance companies allow the change of nominee and their details anytime before reaching policy maturity. However, there might be a nominal cost for changing the nominee after the first time. It is necessary to select the nominees carefully. But there is always an option to change them or add multiple nominees if needed.
Term Insurance is an agreement between the policyholder and the insurance company for a certain pre-decided term, say 30 years. The company promises to offer the beneficiaries a decided amount (sum assured) upon the policyholder's death. This amount is given against the years of premium paid by the policyholder.
There are various reasons why term insurance is a must-have for everyone. Following are some of the importance of this insurance:
Financial protection
Long-policy term
Affordable premiums
Add on covers for extra protection
Return of premium on survival options
Yes, we can claim two or more term insurance policies in India. An individual may buy multiple plans to provide enough coverage for their family. This can happen if the insurance coverage is insufficient for future family needs and goals. It is good to know that having multiple-term plans has advantages and disadvantages.
Loosing a loved one is painful, so to make things a tad bit easier, all insurance companies follow certain common steps:
Intimate the insurance company to initiate the claim settlement process.
Keep the documents for the claim process handy for easier claim settlement.
Submit all the documents to the insurance provider for verification.
A savings plan is a type of life insurance policy that helps policyholders save funds and provides them with insurance coverage. It is a low-risk investment that provides stable returns. A savings plan helps develop a habit of saving and makes life easier in the future.
Savings plans should be opted by those who want to save for their future. The plan offers various benefits, such as:
Financial coverage to the policyholder’s loved ones on their unfortunate death
Incorporates a saving habit
Tax saving option in insurance
Helps in meeting goals etc.
The saving goal of each individual varies from person to person. Every person saves according to what they would like to attain. There are various ways and reasons to save. It may be for a financial goal or, emergencies, etc. Depending on your needs, you can save a portion of your money every month. This percentage of your earnings can vary depending on your spending on essential things, but 15-20% of your earnings are suggested to be kept as savings.
Both savings and investment plans secure your future and are considered the same thing. But they are not.
In a savings plan, a person sets aside money for future goals and emergencies. This money is risk-free or very low-risk. The same is not the case with investing. Investors can either lose their money or gain money depending on the market situation.
Investing in a good short-term investment plan is a great option when you know you want to cash it out any time soon. These investments give you that option as they are highly liquid. The following are some of the good short-term investments:
Savings Plan
Savings Account
Fixed Deposit
Debt/ Equity Mutual Funds
National Savings Certificate
Stocks, Commodities & Derivatives Market
As the name suggests, you must make a one-time lump sum investment. There are a lot of one-time investment plans in India, which include:
Equity and Debt Funds
ULIPs
Guaranteed Returns Plan
Liquid Funds etc
It is never too early to plan for your retirement. The best age to plan your retirement is in your 20s or 30s. Starting early would give you enough time to save up and build adequate funds for your golden years. Saving up even a bit at the beginning will go a long way in building up funds. If you are in your 40s as well, don't worry. You can still live a peaceful life just that you will have to save a lot more for a comfortable life.
Retirement planning is considered a daunting task. But the truth is that it is not very difficult. Knowing the retirement corpus would solve half the problem. You can easily calculate the corpus using your current age, expected retirement age, monthly expenses (current) and retirement savings till now. You can also easily calculate the corpus using the retirement planning calculator.
A child insurance plan is a type of life insurance that acts as an investment cum insurance plan. These plans offer financial safety to your child’s dreams and goals. It can be used to invest in the big life goals of your children, like higher education and marriage. Child plans offer a safety cushion to the dreams and financial corpus you build for your child. If the policyholder passes away in an unfortunate event, the plan can still help financially fulfil their children’s dreams and goals.
There are a lot of insurance plans for children available in the market but not all cater to what you are looking for. The best plan for children varies from person to person and their needs. The following is the list of best plans for children under Canara HSBC Life Insurance:
iSelect Guaranteed Future Plus
Jeevan Nivesh Plan
Smart Future Plan
Money Back Advantage Plan
Popular Searches
- Term Insurance
- What is Term Insurance?
- Term Insurance Calculator
- Life Insurance Policy
- Types of Life Insurance
- Best Term Insurance Plan for 1 Crore
- What is Life Insurance?
- How to File Income Tax?
- Income Tax Slabs
- Types of Investment
- Claim Settlement Ratio
- Income Tax Calculator
- Investment Calculator
- Tax Saving Plans
- What is ULIP?
- Saving Plans
- Retirement Plans
- Tax Concepts
- ULIP Calculator
- Best ULIP Plans
- Tax Planning
- Retirement Calculator