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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 is Life Insurance? Types and Benefits

Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a sum of money to the beneficiary when the insured person dies or after a pre-determined period in exchange for the premiums paid by policyholder.

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Second paragraph30 words

What is Life Insurance Policy?

Life insurance is a financial contract between you and an insurer where, in exchange for regular premium payments, the insurer pays a sum assured to your nominees on your death.

First paragraph48 words

Tax Benefits on Life Insurance in India

Tax Benefits on Riders (Section 80D): If you choose critical illness riders or health riders along with your life insurance, the premiums paid for these add-ons are eligible for a deduction under Section 80D. This makes it possible to enhance your coverage while also saving on taxes.

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Second paragraph52 words

Tax Benefits of Insurance Plans

Section 126 (previously known as 80D ): Premiums paid towards eligible health-related riders, such as critical illness riders or health insurance components attached to a life insurance policy, may qualify for tax deductions under Section 126. These deductions are available subject to the limits and conditions specified under the Income Tax Act.

First paragraph64 words

Life Insurance Policy Meaning

Life insurance is defined as a legally binding contract between a policyholder and an insurer in which the insurance company provides financial protection to the policyholder and pays a death benefit to the nominee when the insured dies. For a life insurance policy to remain in force, the policyholder must pay regular premiums over the period of time or pay a single premium upfront.

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Second paragraph30 words

What is Life Insurance Policy?

Life insurance is a financial contract between you and an insurer where, in exchange for regular premium payments, the insurer pays a sum assured to your nominees on your death.

First 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.

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Second paragraph40 words

Important Life Insurance Terms You Should Know

Nominee: Nominee is the person who receives the amount promised by the life insurance company in the event of the life insured's death. The nominee, also known as the beneficiary, is generally parents, wife or children of the life insured.

First paragraph25 words

Benefits of Life Insurance Plans

Life insurance plans are long-term investment and protection plans with several benefits. A few of the most prominent benefits of life insurance plans are:

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Second paragraph40 words

Why is Life Insurance Important?

Life insurance offers more than just financial protection, it can help secure your family's future, support long-term financial goals, and provide peace of mind throughout different stages of life. Here are some of the key benefits of life insurance:

First paragraph75 words

Tax Benefits on Life Insurance in India

Tax Deduction on Premiums (Section 80C): Under Section 80C of the Income Tax Act, you can claim a deduction of up to ₹1.5 lakh on the premiums paid for your life insurance policy. This deduction applies not only to your policy but also to those taken for your spouse, children, or even parents. This makes life insurance not just a protective measure but a smart way to save on taxes while securing your future.

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Second paragraph58 words

Benefits of Buying a Life Insurance Policy

Tax-Saving: Investments made with a life insurance policy make you eligible for a deduction of up to ₹1.5 lakhs in a financial year under Section 123 (previously known as Section 80C). The funds you withdraw from the policy after the lock-in period and the maturity value received from life insurance plans are also tax-free.

First 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.

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Second paragraph32 words

Sum Assured:

The sum assured is the amount of life cover provided under the policy. A higher sum assured typically results in a higher premium because the insurer is taking on greater financial risk.

First paragraph80 words

Different Types of Life Insurance Plans in India

Money Back Policy: Money back policy is a type of life insurance policy that gives money-back at regular intervals. A percentage of the Sum Assured is paid back at intervals during the policy tenure. These life insurance plans offer Survival Benefits, which are paid out during the plan tenure and at maturity. If the policyholder passes away when the policy is in force, the entire Sum Assured is paid to the beneficiaries irrespective of the Survival Benefits already paid.

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Second paragraph96 words

7. Money Back Plans:

Money-back plans are insurance plans that offer guaranteed returns on the investments. If you are looking to buy a life insurance plan that offers life cover along with regular payouts, then you may consider buying a money-back plan. These plans provide survival benefits after a few years from the start of the plan. The survival benefit will be paid out only if the policyholder is alive. However, irrespective of the survival benefits already paid, the entire sum assured is paid to the beneficiaries if the policyholder passes away when the policy is in force.