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27.8%First documentImpact of COVID-19 on Life Insurance Companies in IndiaOpen original ↗
Second documentInsurance Regulatory Changes After the Pandemic ExplainedOpen original ↗
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Impact on Future Premiums
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.
Conclusion
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.
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
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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
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.
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.
Extended Grace Period for Policy Renewal
In order to address the problem of the policyholders, the Insurance Regulatory and Development Authority of India ( IRDAI ) on 23rd March 2020 had directed the insurance companies to provide a grace period of 30 days to the policyholders for the payment of the renewal premiums.
April 4, 2020: IRDAI Circular
According to this, the IRDAI permitted an additional 30-day grace period for all life insurance premium payments due in March and April 2020. To protect policyholders of best life insurance from a volatile market, for policies maturing up to May 31, 2020, the IRDAI ordered insurers to offer policyholders a one-time option to avail of settlements as per Regulation 25 of the IRDAI.
How has COVID -19 Impacted Life Insurance Companies?
Learn how COVID-19 changed life insurance operations, claims, and customer demand across the industry. December 20, 2025 5 minutes read
Changes in the Regulatory Framework of Insurance Policies Due to Pandemic
Covers major insurance regulatory updates after the pandemic and their impact on policyholders. December 28, 2025 7 minutes read