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First paragraph11 words

Start Young, Pay Less, Stay Secured

Coverage for spouse Block your premium rate Covers 40 critical illness

100.0%

Second paragraph11 words

Start Young, Pay Less, Stay Secured

Coverage for spouse Block your premium rate Covers 40 critical illness

First paragraph16 words

Family Shield: Enhanced Protection

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

100.0%

Second paragraph16 words

Family Shield: Enhanced Protection

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

First paragraph13 words

Fixed Returns, Zero Risks & Worries

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

100.0%

Second paragraph13 words

Fixed Returns, Zero Risks & Worries

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

First 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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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.

First paragraph45 words

What are The Features of Life Insurance Plans?

Sum Assured: The sum assured is the guaranteed amount that the insurance company pays to the nominee or beneficiary upon the insured's death. You can choose the sum assured based on your financial needs and future goals, ensuring adequate coverage for your family's financial stability.

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Second paragraph59 words

Why Sum Assured is an Important Factor in Life Insurance?

When you invest in a life insurance policy, one of the key elements to understand is the sum assured. The sum assured is the guaranteed amount that your family or beneficiaries will receive in case of your unfortunate demise or after the policy matures. It plays a crucial role in determining how well your loved ones are financially protected.

First paragraph60 words

What are The Features of Life Insurance Plans?

Nominee: A nominee is the person you designate to receive the life insurance payout in case of an unfortunate demise. Choosing a trusted nominee ensures your family’s financial needs are met without complications. To ensure the right person benefits from your policy, it’s crucial to update nominee details regularly, especially after major life events like marriage, childbirth, etc.

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Second paragraph34 words

Glossary

Premium: The amount of money you pay regularly to keep your life insurance policy active. Nominee: The person you choose to receive the benefits of your life insurance policy if something happens to you.

First paragraph82 words

6 Factors to Consider Before Buying a Life Insurance Policy:

Sum Assured: The first and foremost thing to look at is the amount you will be covered through your insurance. You are required to choose the sum assured before the commencement of the policy. Assess all the future needs and expenses of your family members before deciding the sum assured amount. Experts typically advise acquiring a life insurance policy that equals 10 to 15 times your annual income. For a more precise estimation, utilising an online life insurance coverage calculator is recommended.

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Second paragraph102 words

How Much Life Insurance Cover Do I Need?

Life insurance cover depends on your beneficiary's monthly income and expenses. You need to evaluate your liabilities and assess your financial goals. It requires a thorough self-assessment of retirement corpus and life goals. However, experts suggest that you should always buy a life cover at least 10 times of your income. You can be assured that you have adequate life cover for you and the beneficiaries. Not buying the right policy cover may put you in a fix. You do not need to pay premiums beyond your budget. Analyze your existing financial circumstances and calculate the premium before making any decisions.

First paragraph149 words

6 Factors to Consider Before Buying a Life Insurance Policy:

Type of Policy: When choosing a life insurance policy, it's essential to align your selection with your specific financial goals and needs. There are various types of life insurance policies, each catering to different objectives. Term life insurance is ideal if you're seeking substantial coverage at affordable premiums, even without maturity benefits. Endowment life insurance combines savings and life coverage into one plan, making it suitable if you want both benefits. A Unit Linked Insurance Plan (ULIP) is preferable if you aim to integrate investments with life insurance. Whole life insurance offers coverage until age 99, ensuring long-term security. If planning for your child's future milestones like education and marriage, a child insurance plan fits best. An annuity plan is suitable if you seek a life insurance policy that also provides retirement benefits. Assessing these options against your financial objectives will help you choose the most fitting policy.

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Second paragraph77 words

Different Types of Life Insurance Plans in India

Now that you know what is a life insurance policy, let us understand how many types of life insurance policies are available. Life insurance plans are based on your discretion. There are various types of life insurance policies that you can choose from. Remember that it is important to consider your financial goals when you are planning to buy the best life insurance plan. Listed below are the different types of life insurance plans that are available: