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Life Insurance

In our endeavor to provide all financial services to our customers under one roof, the Bank entered into a joint venture with HSBC Insurance (Asia Pacific) Holdings Limited and Punjab National Bank to form Canara HSBC Life Insurance Company Limited.

Backed by thorough research and a deep knowledge of the local market as well as socio-economic needs of the population provided by Canara Bank, Canara HSBC Life Insurance has a well diversified portfolio of insurance products and solutions, tailored to the specific needs of the different social and economic strata of the society. We at Canara Bank, acting as a Corporate Agent for Canara HSBC Life Insurance, aim to provide complete insurance solutions to our customers with competitive products, lower charges and prompt and efficient service.

Why Invest in a Life Insurance Policy?

Life Insurance provides safety and security to the family of the insured by providing protection cover at the time of unfortunate/untimely incident. We provide life insurance plans for various life stages to help you meet your insurance & saving needs.

Offers comprehensive life cover

Provides long-term savings

Ensures life stage specific planning

Makes for a good tax saving option

Saving Plans

Saving Plans allow you to create wealth for future and also offer comprehensive life coverage at the same time.

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Term Plans

Protection Plans are specially designed to provide full protection & financial stability to your family in case of any unforeseen events.

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Frequently Asked Questions (FAQs)

At what age should I purchase a Life Insurance Policy?

You should buy Life Insurance as soon as possible, and definitely as soon as you start earning. Buy when you are young so that your family's future is secure and you get insurance at a cheaper cost. In insurance-cum-investment plans, buying early also gives a greater chance for your wealth to grow.

How should I decide the number of years for which to pay Life Insurance Premium?

What are the various charges in a Life Insurance Policy?

What should I keep in mind while buying a child plan?

Why should I pay my premiums on time?

Can I convert my renewal premium into Equated Monthly Installments (EMI)?

Can I choose the renewal payment date as per my convenience?

Can I withdraw money from my policy before maturity?

Disclaimer

Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer.

The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer.

Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.

Trade Logo of Canara HSBC Life Insurance Company Limited is used under license with Canara Bank and HSBC Group Management Services Limited.

We pride in 170+ years of trusted service to our customers backed by our key partners Canara Bank (founded in 1906) and HSBC Insurance (founded in 1970). 99.23% Claims ratio : Individual death claims settled and reported in public disclosures for FY 2023-24.

The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram - 122003, Haryana, India.

The premium mentioned is for standard lives. Premium rates for tobacco users will vary. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode.

For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.

Website: www.canarahsbclife.com
Call (Toll free no.): 1800-103-003/1800-891-003
SMS: 9779030003
Missed Call: 8071262709
Email: customerservice@canarahsbclife.in

Tax benefits under the plan will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.

Medical charges will be deducted in case of non-issuance of the policy.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Canara HSBC Life Insurance Company Limited
IRDAI Registration no: 136

Data collected by the company is subject to the Terms & Conditions laid out in the Privacy Policy.