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FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Second paragraph125 words

FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Start Young, Pay Less, Stay Secured

Coverage for spouse Block your premium rate Covers 40 critical illness

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Start Young, Pay Less, Stay Secured

Coverage for spouse Block your premium rate Covers 40 critical illness

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Popular Searches

Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums

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Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums

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Popular Searches

Life Insurance Rider Life Insurance Plans Types of Life Insurance Term Life Insurance Tax Benefit What is Insurance? Life Insurance Premium Life Insurance For Children

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Popular Searches

Life Insurance Rider Life Insurance Plans Types of Life Insurance Term Life Insurance Tax Benefit What is Insurance? Life Insurance Premium Life Insurance For Children

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Popular Searches

Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance

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Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance

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Family Shield: Enhanced Protection

3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception

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Family Shield: Enhanced Protection

3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Life Insurance - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Second paragraph61 words

Life Insurance - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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What Happens If You Don’t Pay Life Insurance Premium?

However, non-payment of insurance premiums beyond the grace period may result in a policy lapse , meaning your life cover can lapse and your benefits may be affected. In some cases, especially with permanent life insurance, there may be options like revival, using the cash value, or converting the policy to a paid-up status, depending on the terms of your plan.

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How Do We Treat Policy Lapses?

In case of non-payment after the grace period , the policy may lapse. We do allow reinstatement within a specific limit after lapse by accepting the payment of the outstanding premiums. However, it is along with any applicable late fees and the submission of a health declaration. The non-forfeiture clause works alongside these provisions to protect your interests and keep your plan meaningful even during payment gaps.

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9 Things To Do if You Can’t Pay Life Insurance Premiums

Premiums are paid by the policyholder every year till the policy matures or the premium-paying term ends. However, financial constraints can sometimes make it difficult to pay the premium on schedule. In such cases, what happens to your policy? While it depends on the policy you have taken, most life insurance plans lapse when you don't pay the premium by the specified due date (after the grace period). Thankfully, the situation is not all bleak when it comes to non-payment of premiums.

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When Does a Life Insurance Policy Lapse?

Life insurance plans lapse when premium payments are not made within the allowed timeframe. Once a policy lapses , coverage and benefits are temporarily suspended until it is revived. The following situations can lead to a lapse in policy:

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9 Things To Do if You Can’t Pay Life Insurance Premiums

Practical steps policyholders can take to manage premium payment challenges while maintaining financial protection. January 8, 2026 12 minutes read

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What is a Non-Forfeiture Clause in Life Insurance?

Learn how policies survive lapses through built-in non-forfeiture benefits. October 8, 2025 7 minutes read