Canara HSBC Term Insurance Benefits

Canara HSBC OBC Life insurance is one of the leading life insurance providers in India. The company is a customer-centric insurance provider which provides insurance products that are curated specifically to fulfill different needs of different people. The term plans offered by Canara HSBC OBC Life Insurance are affordable. The insurance company aims to provide top-notch services to its customers.

Canara HSBC OBC Term Insurance Benefits

These benefits of Canara HSBC OBC term insurance should explain why this plan is a sought-after product amongst its customers.

1. Financial Protection: Canara HSBC OBC term insurance plans offer financial protection to your family even if you are not around. Canara HSBC OBC term insurance plans offer financial protection to your family in difficult times. In case of your unfortunate demise during the policy term a death benefit is payable to your family member, this helps you ensure that your family financially unbothered and are able maintain a good lifestyle even in your absence.

2. Economical Premium Rates: Canara HSBC OBC term insurance plans are affordable. These plans provide high coverage at a reasonable price. Canara HSBC OBC created these term plans to cater to every individual’s requirements that fit within their budget.

3. Spouse Coverage: Canara HSBC OBC Life Insurance considers your spouse as an integral part of your term policy. Thus, it provides maximum coverage to both of you against financial uncertainties. Under Canara HSBC OBC term insurance you get the option to add your spouse in the same policy.

4. Accidental Death Coverage: iSelect Star Term Plan and POS - Easy Bima plan accidental death coverage. In case you pass away in an accident during the policy term your family members will receive a lump sum amount which helps them to fulfil their daily requirements and fulfil their dreams even in your absence. The POS-Easy Bima Plan goes one step further to provide double coverage in the case of death by accident.

5. Protects Family Interest: By providing you with a return of premium offer, Canara HSBC OBC Life Insurance protects your family's welfare. Besides, the plan offers your family an option to receive monthly income instead of a lump sum amount to meet their recurring financial requirements.

6. Increased Coverage as You Age: The Canara HSBC OBC Life Insurance term insurance plan offers the facility of increasing the coverage by 25% after every five years, depending on your ageing requirements. Thus, your overall sum assured becomes double at the end of the policy term.