• Canara HSBC Oriental Bank of Commerce Term Insurance

     4.0 / 5.0   by 23 users
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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Canara HSBC Oriental Bank of Commerce offers the eSmart Term Plan which offers a huge sum assured to secure the financial future of the family, in case of the policyholder's untimely death.

    Key Features of Canara HSBC Oriental Bank of Commerce Term Plan:

    • Life Insurance Cover at a low cost
    • This plan can be bought online quickly
    • Easy and hassle-free claims process
    • Tax benefits on premium payments
    • Option to cover accidental death

    Example of Canara HSBC Oriental Bank of Commerce Term Plan:

    Mr. Sharma, aged 30 years buys eSmart Term Plan for a sum assured of Rs 1 crore, along with the Accidental Death Benefit of the same amount. He pays Rs 11,273 as premium for a 20-year plan. During the policy term, he meets with an accident and dies. His family will receive Rs 2 crore as sum assured.

    Canara HSBC Oriental Bank of Commerce eSmart Term Plan:

    A pure term insurance plan, eSmart can be bought online. With the flexibility to choose the amount, the family can receive up to Rs.1 crore as sum assured, in case the policyholder has also opted for Accidental Death Benefit.

    Parameters of eSmart Term Plan:

    • Minimum entry age - 18 years
    • Maximum entry age - 70 years
    • Minimum policy term - 5 years
    • Maximum policy term - 40 years (provided the policyholder is 75 years or younger at the end of the term)
    • Premium payment term - Throughout the policy, on an annual basis
    • Minimum sum assured - Rs 25,00,000
    • There is no limit to choosing the maximum sum assured, subject to underwriting

    Canara HSBC Oriental Bank of Commerce Term Plan FAQs:

    1. Q. Does the eSmart Term Plan have tax benefits?

      A.Yes. Tax benefits under this policy are subject to the prevailing Income Tax rules. In order to avail tax benefits, the sum assured should be at least 10 times of the annual premium.

    2. Q. What happens if, due to some reason, I am unable to pay my premium on time?

      A.There is a grace period of 30 days to pay the premium without any impact on the benefits in the policy. The cover will lapse in case the due premium is not received within the grace period.

    3. Q. How can I reinstate my policy?

      A.You have the flexibility to reinstate all the benefits under your policy within two years from the due date of the unpaid premium. A written application, along with the details, for revival of the policy, has to be submitted, as per the company’s underwriting.

    4. Q. Does the policy have free look period?

      A.Yes. The policyholder can cancel the policy within 30 days from the date of receipt of the policy document, in case he/she does not agree with the terms and conditions of the policy. In case of cancellation during free look period, the premium will be repaid, after deducting proportionate risk premium for the period on cover and expenses incurred by the company on medical examination and stamp duty.

    5. Q. What documents do I need to submit?

      A.Standard KYC documents, proof of income & any specific documents as required by the company.

    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 Term Insurance 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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