Canara HSBC OBC Life Insurance Online Premium Payment

Canara HSBC OBC Life Insurance premium payments can be done online easily, quickly, and securely. This can be done through credit or debit cards, cash cards or pre-paid wallet, net banking or EMI as well as Bharat QR codes.
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Canara HSBC OBC Life Insurance is among the greatest partnerships in the Indian life insurance space, besides being one of the leading provider of life insurance solutions in India. The company was founded a decade ago, in 2008 following a 3-way joint venture between HSBC Insurance (Asia Pacific) Holdings Limited, the insurance subsidiary of HSBC which is a market leader in the global banking and financial services industry. With a country-wide network of more than 10,000 partner bank branches, Canara HSBC OBC Life caters to the insurance requirements of more than 115 million customers with the objective of making life insurance not only affordable but also accessible for a maximum number of people. The insurer currently retails a wide variety of individual insurance plans and group insurance plans such as traditional life insurance plans, (ULIPs), and online plans.

Canara HSBC OBC Life Insurance Online Premium Payment Options

To enable their customers to make premium payments in a hassle-free and secure manner, Canara HSBC OBC Life has set up various online payment methods. These methods of premium payment are especially convenient as they eliminate the need for one to physically visit a bank or insurer’s branch office to pay premiums. Customers can use any of these options to pay policy premiums or policy renewal premiums from the comfort of their house or office.

How To Pay Premiums Online On Canara HSBC OBC Website

  • The very first step in the premium payment process is visiting the Canara HSBC OBC Life insurance website.
  • Next, on the main page, click on the tab labelled ‘Manage Policy which will give you a drop down menu from which you must click on ‘Pay Premium’.
  • On the following page, click on the tab labelled ‘Pay your Premium’, located right below the steps illustrating the process of premium payment online.
  • On the next page, you will be required to input your Client ID, Policy Number/COI No. (Certificate Number), and Date of birth.
  • After you have provided all the necessary information, click on ‘Pay Now’.
  • Next, you will see a list of policies which you hold and select the one for which you wih to make the premium payment.
  • After you have selected the policy, choose your premium payment method. You can pay premiums using your credit/debit card (MasterCard or Visa) or net banking.
  • After you have made the payment, you will receive an acknowledgement receipt with a receipt number. Keep it safe for any future reference.

Payment via Credit/Debit Card

  • Customers can make their premium payments using a credit or debit card.
  • Visa, MasterCard, and Diners Club International credit cards can be used for premium payment.
  • Debit cards issued by Visa, MasterCard, Maestro, and RuPay can be used to make premium payment.
  • Premium payment can be made using PIN-protected debit cards issued by select partner banks like HDFC Bank, ICICI Bank, Standard Chartered Bank, Axis Bank, Federal Bank, Barclays Bank, GE Money Financial Services, SBI ATM-cum-debit card, and several more.

Internet Banking

  • Customers can also pay premiums using their preferred bank’s net banking platform.
  • To make payment via net banking, visit the insurer’s website and click on the online premium payment option .
  • Next, input all the necessary information, and choose net banking as your payment method.
  • You will then be redirected to your bank’s net banking platform where you must log in.
  • This facility for premium payment is available only with select partner banks like ABN AMRO Bank, Axis Bank, Bank of Baroda (Corporate & Retail), Bank of Bahrain & Kuwait, Bank of Maharashtra, Punjab National Bank, Corporation Bank, ICICI Bank, Deutsche Bank, IndusInd Bank, Kotak Mahindra Bank, Indian Overseas Bank, Oriental Bank, and several others.

Cash Cards or Prepaid Wallet

  • Premium payment for Canara HSBC OBC Life policies can also be made using prepaid wallets or cash cards.
  • This payment method can be selected at the appropriate stage during the online premium payment process.
  • Currently, online premium payment can be done using select wallet/cash cards like ItzCash, OLA Money, JIO Money, Oxigen wallet, etc.

EMI (Equated monthly instalments)

  • Customers who may find it financially challenging to make the entire premium payment in one go, can choose to do so in EMIs or equated monthly instalments.
  • Under this option, the due premium amount is converted into EMIs which policyholders can pay using their credit card (MasterCard or Visa).
  • The option to pay premium in instalments is only available with select partner banks.

Bharat QR Code

  • Customers can also make premium payments from their preferred bank’s mobile app using the Bharat QR code.
  • To make payment via this method, the policyholder must scan the Bharat QR code.
  • Before making the payment, the user must ensure that their bank’s application is compatible with the Bharat QR code.

UPI (Unified Payments Interface)

Premium payment can also be made using the UPI option from the list of options available. To make payment via this method, the user needs to scan the barcode from their banking app on the insurer’s website or customer portal.

Insta Pay

  • The Insta Pay option is a unique facility wherein the policyholder can pay premium directly from their preferred bank’s website.
  • This service is currently available only with select partner banks like Punjab National Bank, IDBI Bank, Saraswat Bank, Bank of Maharashtra, Canara Bank, Bank of Baroda, Central Bank of India, Dhanlaxmi Bank, HDFC Bank, Deutsche Bank, Standard Chartered Bank, Bandhan Bank, Oriental Bank of Commerce, Catholic Syrian Bank, State Bank of India, and several others.

Auto Debit

  • Customers can also pay policy premiums by providing standing instructions on their credit card.
  • Under this option, the due premium amount is auto-debited from the user’s chosen credit card on the due date of payment.
  • To avail this method of premium payment, the user will typically be required to fill up a standing instruction mandate and submit it to the insurer.
  • It is advisable to contact the insurer to find out the documents you are required to submit along with the mandate form.
  • This facility is especially useful for policyholders who have to make multiple premium payments in a month and find it challenging to keep track of the various payments.

IVR (Interactive Voice Response)

  • Customers can also pay policy premiums using the IVR facility provided by the insurer.
  • To use this facility, the need to call the insurer’s toll free numbers which are 1800-103-0003 or 1800-180-0003. NRI customers can call on 0124-4315200.
  • Once the customer calls on the toll free number, they will be connected with a customer support representative who will guide them with the process of making the premium payment.

Other Payment Options

Besides the online payment options, customers can also choose from offline payment options for premium payment.

Via Cheque

  • Premium payment can also be made through Demand draft or cheque.
  • If payment is being made by any of these two options, the instrument must be drawn in favour of "Canara HSBC OBC Life Insurance Co. Ltd".
  • While making premium payment via cheque or demand draft, the policyholder must remember to write their name, mobile number, and policy number on the reverse of the demand draft/cheque.
  • If making payment via demand draft, the policyholder must also send, along with the demand draft, their bank statement which reflects the premium amount.
  • The cheque/demand draft for payment must be sent to the insurer’s corporate address i.e. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, Orchid Business Park, 2nd Floor, Sector-48, Sohna Road, Gurugram, Haryana, India - 122018.

Partner bank branches/HUB Offices

  • Customers can pay due policy premiums at the insurer’s HUB offices which are located across the country.
  • Payments at HUB offices can be made through Demand Draft, cheque, or by swiping your credit/debit card.
  • Customers can also pay premiums at over the counter at partner bank branches.
  • Payments being made at partner bank branches can be done through Demand Drafts, cheque, or by direct transfer wherein the premium amount is debited from the policyholder’s account.
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Canara HSBC OBC Life Insurance Online Premium Payment Reviews

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  • LIC Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC on five years before. The policy is for 20 years. I am paying premium in the quarterly package the amount which is nominal for me. While getting a policy the agent has given an information about the policy details.
    Was this review helpful? 0
    , ranchi
    Reviewed on Dec 13, 2019
  • LIC
    LIC Life Insurance
    "Good "
    0.5 5.0/5 "Blown Away!"
    On 10 years before, I took life insurance policy for my spouse in LIC with tenure period of 15 years. Since its money back policy, 5 years once I got amount of 5K which I have received for twice . I use to pay premium on quarterly basis of the amount of 3087 rupees which is nominal. The agent has given an information about the policy details and provided hard copy of documents on time.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. Tenure period of 15 years. I am paying premium on half yearly package the amount of 6490 rupees which is nominal. The agent has given an information about the policy details. It covers myself and the policy name is Jeevan Anand.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Moderate service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 21 years.I am paying the premium on monthly basis .I am paying the premium through online .This policy is still alive and all the details about the policy was clearly explained by the agent.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 13, 2019
  • HDFC Life Life Insurance
    "Worst Life Insurance Company Ever"
    0.5 0.5/5 "Unacceptable"
    HDFC Life is one of the worst companies you would want to take your life insurance from. I am writing this review with my personal experience + experiences of some other users who purchased the policy. They are running a scam where about 1 yr after issuing your policy, they automatically cancel it, citing "non disclosure of pre-existing illness" as the reason. The same thing happend with me and many others. I have no such reported illness of any kind. And even if I had, why was the policy issued in the first place? Upon my request to provide an explanation or more detail about this 'illness', no respone was given to me, neither by HDFCLife nor by Policybazaar, through which I had purchased this policy. I was cheated of my one-year premium amount and my policy was lapsed. If you are at all serious about preserving your mental and financial well-being, do not go anywhere near any of these two companies. They are the biggest fraud in the life insurance market.
    Was this review helpful? 0
    , jaipur
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 15 years .This policy is still alive and got all the relevant details about the policy through the agent .The policy documents was shared on time .I am comfortable with the service.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 12, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy which was taken through LIC agent.This was an endowement policy and paying the premium on yearly basis .The policy tenure is for 15 years and paying the premium through the agent .This policy is still active and i am comfortable with the service .
    Was this review helpful? 0
    , pune
    Reviewed on Dec 12, 2019
  • Bajaj Allianz Life Life Insurance
    "budget Plans"
    0.5 5.0/5 "Blown Away!"
    Bajaj Allianz life insurance is very flexible. I have taken a policy. The Premium was given as per my budget. Plans and benefits are great, If anyone wants to go a life insurance my first suggestion will be Bajaj Allianz life insurance. Thanks
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 12, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I took my life insurance policy from LIC around 5 years back and this policy is going to matured in the year of 2026. It was for the safety and protection for the family. I have selected the payment option as very half year and i pay the premium amount of Rs. 2000. I will give the cash to my agent and he will pay in the LIC office.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2019
  • LIC Life Insurance
    "Safe and secure policy"
    0.5 5.0/5 "Blown Away!"
    LIC policy is safe and if you have a long term policy, it will be useful. If i go to their office, the response is fine. They have a good portal to know about the payment premium amount and existing policy details. I make the premium through online. I took the money back policy and it got matured already.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2019
  • LIC Life Insurance
    "Good security policy"
    0.5 3.5/5 "Pretty good"
    In LIC website, they are updating the policy details on a timely basis. I took my retirement plan in life insurance corporation of India. For the safety purpose, i have selected this company. I am investing the money of Rs. 10K every month. I get the returns after my age of 56. This is a tax benefitable policy.
    Was this review helpful? 1
    , haridwar
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Service should be improved"
    0.5 3.5/5 "Pretty good"
    I have taken money back policy from LIC its because of the safety reason. I have been investing the money of Rs. 10K every month. I purchased the policy 4 years ago. They are providing the sum assured amount of Rs. 1.2 lakhs. This is a tax beneficial policy. I make the premium amount through online.
    Was this review helpful? 1
    , haridwar
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I didn't use the customer care service till now in LIC where i have taken my life insurance policy. I'm not sure about the plan name but i pay the premium every year once. I have been paying the premium amount of Rs. 17699 and total term period of the plan is 16 years. For the savings purpose, i have chosen LIC.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Best service "
    0.5 3.0/5 "Satisfactory"
    I have taken Life Insurance policy directly through LIC agent .This policy tenure is 10 years .I am paying the premium through Half yearly basis and paying the premium through Online .The agent gave a clear picture about the policy and not yet faced any difficulties .I am satisfied with the service so far .
    Was this review helpful? 1
    , mumbai
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC since 1990. This policy term is 20 years. I am paying premium on monthly package and the amount which is nominal. I am paying premium in a cheque mode. While getting a policy my agent has given an information about the policy details and this is a money back policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 2.0/5 "Expected more"
    I have taken Life Insurance policy taken through LIC agent.This was a Maturiy benefit policy and each and every details was shared by the agent .This policy is still active and there was no difficulties faced as well. Overall am happy with it.
    Was this review helpful? 0
    , surat
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. Tenure period of policy is 20 years. I am paying premium on quarterly package the amount of 3K which is nominal. Agent is my neighborhood so he has given an information about this policy. It covers my whole family.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 3 years before. The policy is for 16 years. I am paying premium on monthly package the amount of Rs. 17k which is nominal. I am paying premium manually. While getting a policy my agent has given an information about the policy details. It covers myself. It is a jeevan anadha policy
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Good Investment plan"
    0.5 5.0/5 "Blown Away!"
    LIC plan is a savings cum income plan and i get the good returns in future. Its covers for life. I took the policy through agent who is my relative recommended me about this policy. My father is taking care of the premium part hence I'm not sure about the coverage value.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 08, 2019
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance policy from LIC more than 5 years.The agent is very supportive and providing proper guidance and this is a JEEVAN ANAND policy. Policy is valid for life long and the tenure is 20 years after some years. I am paying annual premium is Rs.24k, this is a death benefit plan after that my wife will be getting some returns.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 07, 2019
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