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Canara HSBC Term Insurance Claim Settlement

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Canara HSBC Term Insurance
Highlights
Claim Settlement Ratio97.10%
Death Benefit Paid For1,252 Policies
Inception2008
Presence9,500 Branches
Total Death Benefit Paid106.53 Crore

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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Canara HSBC Term Insurance Plans

1 Crore
1.5 Crore
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  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.7%
Starting From ₹ 1132/Month
Key Features:
  • Right Green Tick Special Exit Benefit
See More Plans

Claim Settlement of Canara HSBC Term Insurance

Canara HSBC Oriental Bank of Commerce prides itself on offering the highest level of customer service. It is evident in the excellent claim settlement ratio of 98.12% for the financial year 2019-20. Though the company does not offer an online process to register the claim, it allows claimants to track the process online.

  • How To Make Claim

    How to Make Canara HSBC OBC Life Insurance Term Insurance Claim Online?

    Canara HSBC OBC term insurance does not offer any facility to register the insurance claim online.

    How to Make Canara HSBC OBC Life Insurance Term Insurance Claim Offline?

    The insurance claim procedure is convenient and user-friendly. The claimant or the nominee should inform the company about the policyholder’s death. On receiving the information, the claim settlement officer will forward a list of documents along with the respective application forms to the nominee. The nominee should complete the forms and submit all the documents listed out, as necessary. The claim form and list of papers is also available on the official website. On receipt of all the documents, the claim is registered. The claims settlement department can call for additional documents if required for processing the claim. After verifying the documents, the company will provide the decision on the claim. 

  • Documents Required

    Documents Required to Make Canara HSBC OBC Term Insurance Claim

    The claimant/nominee should submit the following documents along with the prescribed claim forms to Canara HSBC OBC for the speedy claim processing. 

    A. Claim Forms

    The nominee/claimant should submit these following forms as applicable. These forms are readily available for download on the website.

    • Death Claim Form (Form C)
    • School/College Certificate (Form S)
    • Physician’s Statement (Form P)
    • Employer’s Certificate (Form E)
    • Treating Hospital’s Certificate (Form H)

    B. Mandatory Documents

    • Original Policy Document
    • Attested copy of the death certificate
    • Death Claim Form – Form C
    • NEFT Mandate with a cancelled cheque or bank passbook
    • Nominee’s KYC details

    C. Additional Documents, In the Case of Hospital Death.

    • Physician’s Statement – Form P
    • Treating Hospital Certificate – Form H
    • Employer (Form E) Or School/College certificate (Form S)
    • Hospital treatment records

    D. Documents Necessary in the Case of Accidental/Unnatural Death

    • Copy of Police FIR, Panchanama, and Police Complaint
    • Copy of post-mortem report, autopsy, and viscera report
    • Copy of Final Police Investigation report/charge sheet

User Reviews

4.9
Rating based on
153 User reviews
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What users are saying
  • All
  • Best Insurance Company

    An amazing place to buy a term insurance policy. It was a nice experience with the customer service staff of the Insurancedekho’s company. I bought Canara HSBC OBC Term Insurance quickly and easily through InsuranceDekho’s online website. Thank you to the customer support team who made the best efforts to help me throughout the process. I will recommend InsuranceDekho’s services to everyone.

    Read More

    N
    Canara HSBC OBC
    By Nisha Yadav
    On: Feb 27, 2024
  • Seamless Online Experience

    From browsing policies to buying the Canara HSBC OBC Term Insurance- iSelect Star Term Plan, the entire process with InsuranceDekho was seamless and online. No paperwork hassles!

    Read More

    A
    Canara HSBC OBC
    By Ashok Shaliwal
    On: Sep 29, 2023
  • Excellent Customer Support

    The customer support at InsuranceDekho is top-notch. They answered all my queries promptly and helped me choose the Canara HSBC OBC Term Insurance which was perfect for me.

    Read More

    S
    Canara HSBC OBC
    By Sachin Kumar
    On: Sep 25, 2023
  • Swift Claims Processing

    I had to make a claim on my InsuranceDekho’s Canara HSBC OBC Term Insurance, and I was amazed at how quickly and smoothly it was processed. Dealing with the loss of a loved one is never easy, but InsuranceDekho made the financial aspect hassle-free.

    Read More

    S
    Canara HSBC OBC
    By Shristi Ahuja
    On: Sep 20, 2023
  • Simplified Documentation

    The documentation process for InsuranceDekho's Canara HSBC OBC Term Insurance is straightforward and user-friendly. They make it easy for me to understand and complete the required paperwork.

    Read More

    S
    Canara HSBC OBC
    By Suman Gupta
    On: Sep 11, 2023
View All Canara HSBC Term Insurance Reviews
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Canara HSBC Term Insurance Contact Details

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Claim Process at Canara HSBC Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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