• Canara HSBC Oriental Bank of Commerce Groups Plans

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Canara HSBC Oriental Bank of Commerce offers various kinds of insurance plans including ULIP plans, Traditional Plans and Group Insurance Plans. The group insurance plans offered by the bank enables you to offer protection to your employees or customer group. The bank offers five kinds of group insurance plans to suit the different protection requirements of the customer.

    Why Canara HSBC Oriental Bank of Commerce Group Plans?

    One has the option of choosing from five different kinds of group plans with the Canara HSBC Oriental Bank of Commerce Group Plans. The plans offer adequate coverage at a very affordable price and also offer your employees/customers the option of renewing the cover every year.

    Listed below are the different types of Group Insurance Plans offered by Canara HSBC Oriental Bank of Commerce.

    1. Group Traditional Benefit Plan-

      This is a non linked, non participating, fund based group insurance plan.

      Benefits

      1. The plan lets the employer provide various benefits to their employees such as gratuity, leave encashment and post retirement medical benefits.
      2. The plan provides a guaranteed interest of 0.01% p.a. This interest rate is applicable to all the contributions made to the plan on a prorated basis.
    2. Group Superannuation Plan-

      Group Superannuation Plan by Canara HSBC Oriental Bank of Commerce is a non linked, non participating insurance product that aims at providing pension benefits.

      Benefits

      1. A life cover of Rs. 1,000 will be provided to each member of the scheme on a yearly renewal basis.
      2. The plan offers cover for Defined Benefit and Defined Contribution superannuation schemes.
      3. One can choose to make contribution in either single or multiple payments.
    3. Group Secure Plan-

      Group Secure plan will help your customers/employees meet their credit and insurance needs with a single insurance product.

      Benefits

      1. The policyholder has the option of choosing between Death cover only and Death and TPD cover. The latter option will cover a home loan,a four wheeler loan, a loan against property and an education loan.
      2. Joint borrowers up to three members are also covered under this plan.
      3. Female members and joint borrowers can avail rebates which in turn will reduce the premium.
      4. Insured members can avail tax benefits under Section 80C and Section 10D of the Income Tax Act, 1961.
    4. Sampoorna Kavach Plan-

      The Sampoorna Kavach Plan will make it possible for you to provide adequate life cover to your employees against certain uncertainties of life.

      Benefits

      1. The plan is very affordable.
      2. There is no requirement for medical examination.
      3. In case of death of the insured, sum assured will be paid to the nominee as death benefit.
      4. The members have the option of renewing their policy every year if they wish to do so.
    5. Corporate Group Term Plan-

      The Corporate Group Term Plan ensures that your valuable employees are protected for a very low cost.

      Benefits

      Offers financial protection to the employee’s family members and dependants in case something unfortunate should happen to them.

      1. The insured has the flexibility of choosing his/her own premium payment mode( annually, bi annually, quarterly, monthly).
      2. Provides the option of revising the sum assured.
      3. Simple and hassle free application and joining process.

    Example

    Consider the case of Ms. Seema, who joined the Corporate Group Term Plan offered by her employer. Seema passes away in an unfortunate incident four years into the plan and in this case, her nominee gets paid the sum assured as death benefit.

    Useful Tips

    It is important to analyse each plan carefully and choose a plan that suits your protection needs. While the Group Superannuation plan offers pension benefits, the Group Secure plan offers both credit and insurance benefits. Choosing a plan that suits your insurance requirement perfectly is the best way to get the most out of a group insurance 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 Groups Plans 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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