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iSelect Term Plan

Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan is a pure protection plan that provides life insurance and terminal illness cover along with cover against accidental death/ disability, and the option to secure an income for your family even in your absence.

Take a few minutes out to secure the biggest online deal of all - the well being of your family.

Long-term Financial Security
Get life cover up to age 80
Spouse Cover
Option to secure your partner's future
Customizable Cover
Option to increase your cover by 25% every 5 years
Family's Monthly Expenditure
Option to receive death benefit as regular monthly income to cover for family's monthly expenses

Find out how much life insurance you need

Tell us your age
Already insured for
Your annual income

Benefits

Multiple Benefit Payout Options

Choose from a range of payout options as per your needs

Death/ Terminal Illness Cover

Get protection for the loved ones

Accidental Death Cover

Get life cover for accidental death

Accidental Total and Permanent Disability Cover Option

Sum assured will be paid in case the life insured suffers from accidental total and permanent disability

Tax Benefits

Avail tax benefit on the premium paid *

How it Works

Rahul is a 34-year old professional, who is married and blessed with two children.

He opts for iSelect Term Plan with sum assured of Rs. 1.5 crore for a term of 26 years & death benefit to be paid out monthly for a period of 10 years to his family.

His premium is Rs. 10, 818 /- per annum or just Rs. 974 /- per month (excluding GST)*.

In case of Rahul's' untimely demise during the term of the policy, his family will receive equal monthly instalments of Rs. 151,350 for 120 months*.

Awards

Featured in Top 20 Most Innovative Insurance Products

Best Customer Service Training Program Award

Best Marketing campaign through TVC's

*Disclaimers
  • Premium of INR 4,569 p.a. is for a 25 Year old healthy male, non-smoker for Sum assured of 1 Cr and policy term of 25 years as regular pay option. The premium amount mentioned is excluding Goods & Services Tax and cess (if any) as applicable.
  • The premium of Rs. 365 mentioned is for annual mode of payment which is for a healthy non-smoker 20 years old male for sum assured of Rs. 1 crore and a policy term and premium payment term of 30 years excluding goods & services tax. Premium rates for tobacco users will vary and actual premium will depend on company's assessment of risk on your health, lifestyle, occupation etc.
  • The premium of Rs. 13 mentioned is an example with annual mode of payment for a healthy non-smoker 20 years old male for a sum assured of Rs. 1 crore and a policy term and premium payment term of 30 years. Premium is excluding goods & services tax. Actual premium rates may vary and will depend on company's assessment of risk on insured's health, lifestyle, occupation etc.
  • Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce.
  • The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram-122018, 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.): 1800-103-0003/1800-180-0003 (BSNL/MTNL)
    SMS: 9779030003
    Missed Call: 0124-6156600
    Email: customerservice@canarahsbclife.in
  • Tax benefits under this 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.
  • 1Source: October, 2018 Edition of Outlook Money Magazine under Article 'Shield Yourself', Page No. 140
  • 2The Company has won the 'Best Customer Service Training Program' award at TISS-Leapvault CLO Awards 2018
  • 3The company's brand campaign for the launch of new brand space "promise" and the tagline "aapke vaade, sar aankhon par" has won mCube award 2018 under the category 'Best Marketing campaign through TVC's'.
  • 4The premium mentioned above 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 a personalized quote please refer to the premium calculator on our website.

  • BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
  • IRDAI is not involved 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 Oriental Bank of Commerce Life Insurance Co Ltd
IRDAI Registration no: 136
LPISTCHOJAN19 ENG

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©2018 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.