• Canara HSBC Oriental Bank Of Commerce Life Insurance eSmart Term Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Canara HSBC Oriental Bank Of Commerce Life Insurance eSmart Term Plan is a pure term life insurance plan which can be easily bought online without any hassles in a simple 4-step process - calculate your premium, fill out the application form, make the required payments and submit your documents. The eSmart TermPlan provides your family with a safety net at low costs so your loved ones can be financially secure when you are not around. For instance, you can opt for a life insurance cover of Rs.1 crore upon payment of a premium of Rs.5811 p.a under this plan.

    Eligibility Criteria of eSmart Term Plan

    • Age at Entry: The minimum age is 18 years while the maximum is 70 years

    Features of eSmart Term Plan

    The following are the salient features of eSmart Term Plan

    • Policy Term: Minimum: 5 years; maximum - 40 years
    • Premium Payment Frequency: Annual
    • Sum Assured: Minimum - Rs.25 lakhs
    • Premium: The following table shows the aggregate premium rates* under this plan if you opt for the death benefit plus the additional death benefit option for a sum assured of less than Rs.50 lakh and policy term of 5 years
    Age Premium
    18 years 1.7942
    30 years 1.9194
    40 years 2.5510
    50 years 4.8776
    70 years 26.0598

    * Male lives not inclusive of service tax

    Under this plan, premiums for tobacco users may vary. Also, female lives can avail of better premium rates compared to male lives.

    Benefits of eSmart Term Plan

    • Death Benefit: In case the life insured dies during the policy term, the nominee has two options to choose from as listed below:
      • Option A: Sum Assured
      • Option B: Sum Assured plus accidental death benefit
    • Maturity Benefits: No maturity benefits are available under this plan
    • Surrender Benefit: No surrender benefits are available under this plan
    • Accidental Death Benefit: In the event of the death of the life insured due to an accident, the insurance provider will pay an amount equal to the Sum Assured knows as accidental death benefit. The maximum amount which can be offered under this benefit is Rs.1 crore.
    • Tax Benefits: You can avail of income tax benefits according to Income Tax Act, 1961.

    Example

    Vinod Mehta, a 30-year-old (non-smoker) IT employee opts for Canara HSBC Oriental Bank Of Commerce Life Insurance eSmart Term Plan for a Sum Assured of Rs.2 crores and a policy term of 5 years. Mehta has to pay an annual premium of Rs.12,570. In the event of the unfortunate death of Mehta under this plan, his nominee will receive Rs.2 crores.

    Frequently Asked Questions

    1. What happens if premiums are discontinued or not paid on time?

      You will be given a grace period of 30 days to make your payments, failing which, your policy will lapse.

    2. Are there any surrender benefits available under this plan?

      No. There are no surrender benefits under this plan

    3. Can the policy be revived?

      Yes. You can revive the policy within 2 years of the last due date of premium (default) after payment of regular premiums with interest (10% p.a) and subject to completion of underwriting requirements.

    4. Are there any maturity benefits under the plan?

      No. There are no maturity benefits under this plan

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Canara HSBC Oriental Bank Of Commerce Life Insurance eSmart Term Plan Reviews

  • Page 1 of 2 1 2
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Okay"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Canara HSBC life insurance company. Customer service is good one with them and there are no issues on it. I am not aware of the coverage value in it. Everything is better one with the Canara HSBC life insurance company.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 27, 2018
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      Around 3 years ago, I got the Life insurance policy with CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE. I pay the premium of Rs, One lakh every year. The plan benefits and the coverage is good with CANARA HSBC policy . This policy has the term of10years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken life insurance with Oriental bank of commerce.I have been using the service for past three years.I pay a premium of an amount of Rs23,000 annually,payment is done through cheque.They give proper response to the customers.I have not yet used claim experience as of now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have got the life insurance with CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE for more than a year. The customer service is good with CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE. This policy has the tenure of 20years. I got this policy which is provided by company. I am not sure about the premium amount.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 12, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I got the life insurance service through my CANARA savings account I have to pay 14000 every year for me and my wife and I have to pay till 60 years the documentation part was fine even the representatives and customer service is very helpful and responsible ,I would like to tell it was an excellent service from CANARA for my savings account.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      I have got the insurance offer, while I applied my loan representatives where very responsible even, I have not had any conversation much its was very good service from HSBC ,so overall service is excellent from HSBC. I am happy with the service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 30, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Excellent policy"
      0.5 5.0/5 "Blown Away!"
      I am having a life insurance policy with CANARA HSBC ORIENTAL BANK OF COMMERCE for past one year. I pay the premium of Rs,1000 in every year. The plan benefits and the Coverage's are very good with this policy. I am happy holding this policy with OBC.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 21, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I do have life insurance policy with Canara HSBC OBC life insurance company and the premium value is around 8000 Rupees per annum and the coverage value is around one crore. I can believe this policy because of their ethics in the business. Customer service is very good and also response is an immediate one.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 27, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good policy with descent return"
      0.5 4.5/5 "Excellent!"
      I got the life insurance policy with the Canara HSBC oriental bank of commerce and their services are good and they are notifying the details regarding the payment and other information are notified to the customer. I had been with them from 2011 onwards and return wise they are really good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 04, 2017
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "TARUN MITTAL"
      0.5 0.5/5 "Unacceptable"
      DON'T GET A' CANARA HSBC OBC" LIFE INSHURANCE . COUSTMER SERVICE VERY BAD AND POOOR . DONT GIVE U ANY INFORMATION ABOUT UR POLICY . VERY BAD COMPANY . WHEN I CALL THE CLAIM DEPARTMENT THEN HE SAID UR POLICY IS TERMINATE . I M SHOCKED . THEY DID NOT GIVE ME REASON WHY MY POLICY IS TERMINATE . SOO PLZZ BE CARE FULL PRIVATE COMPANIES.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Sep 30, 2016
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Total life Security"
      0.5 4.5/5 "Excellent!"
      Hi, Recently i have opted for Canara HSBC Oriental Bank e- smart term plan which I feel is the best life security plan as per my survey. Since you have to pay less premium like in my case only 5,7011 per year for sum assured of 50 lacs, gives total security to the family. So you don't need to worry about further insurance for your life, only need to concentrate on investments and savings for your future.
      Was this review helpful? 0
      , udupi
      Reviewed on May 28, 2016
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good benefits"
      0.5 4.5/5 "Excellent!"
      Canara HSBC Oriental bank of commerce has been good in their services. I have taken my life insurance from them. They send me reminders for the payments. They also have a online facility to pay the premiums. The tenure is for 15 years. They have good benefits and a coverage as well.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 18, 2016
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Excellent...."
      0.5 5.0/5 "Blown Away!"
      Canara HSBC Oriental bank of commerce life insurance is wonderful. I have taken one life insurance policy and when I asked for a partial withdrawal they done it very fast. There were no cross questions raised that why you are dropping the plan and they gave it smoothly. Minimum five years is the lockin period to drop the life insurance policies.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 16, 2016
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "TERRIBLE CUSTOMER SERICE"
      0.5 0.5/5 "Unacceptable"
      I am writing to complain about the terrible customer service- This insurance company has apparently lost my check of Rs 500,000- they don't respond to emails, the phone lines don't work - how does one reach them? Terrible customer service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 11, 2016
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have the life insurance policy with the Canara HSBC oriental life insurance company. The services are very good with them and am paying the premium as around 80000 Rupees per year of time. This 80000 Rupees premium will inclusive of pension and the life insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2015
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I do have the canara bank hsbc oriental life insurance policy and I have taken the policy because of my parents advice. The services are not very great with them like when I was shifted from the bangalore they gave me some troubles like they are very difficult to get them and I need to visit their branch directly. They dint resolve the issues over the phone.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 27, 2015
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "No good benefits "
      0.5 1.0/5 "Really Bad"
      When I am taking my housing loan also taken a life insurance from CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE. It is an 20 years policy, since the benefits was not good I canceled this policy with them. I did not got any benefits also.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 30, 2015
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Easy and safe"
      0.5 4.0/5 "Great!"
      OBC Life insurance is good. Its very transparent we can update their personal details on line and that is the best part about them. Customer service offered by them was fine and every month I am supposed to pay rs 200 and this insurance was opened through my company. It helps us a lot we have to get hospitalized at least for a day they will provide 80% of the claim amount and the amount was reimbursed and the only drawback here is they will provide the amount to the insurance holder only,
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 22, 2015
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Provided great service..."
      0.5 4.0/5 "Great!"
      At that time of searching for a life insurance, Canara HSBC Oriental Bank of Commerce life insurance was meeting my requirement on benefits. Pretty neat coverage for life insurance and my plan is linked with share market so growth has been good. Though it is a unit link, there is a fixed return where I get 30%.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 24, 2015
    • Canara HSBC Oriental Bank of Commerce Life Insurance
      "Good service and good plans for tax benefits...."
      0.5 4.0/5 "Great!"
      It is of traditional life insurance and secure smart plan where sum assured value increases every year. I just have to invest around 1lakh every year and based on market rate I get fixed amount. Sum assured that I am going to get from Canara HSBC Oriental Bank of Commerce life insurance after 15 years is non taxable.
      Was this review helpful? 1
      , thane
      Reviewed on Jun 04, 2015
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