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Steps To Buy the Plan
Get all-round protection with iSelect Smart360 Term Plan. The plan offers three options specially designed for your needs.
Step 1
Choose the sum assured based on factors such as your income, number of dependents, debts, and family’s future needs and goals. Generally, the amount is 10-12 times your income.
Step 2
Select the plan option and add-on coverage to give yourself 360 protection. This plan offers multiple additional riders like Critical Illness, Accidental Death Benefit, etc.
Step 3
Choose the premium payment terms & mode. You can either opt for single pay, regular pay or limited pay based on what suits you best.
Step 1
Choose the sum assured based on factors such as your income, number of dependents, debts, and family’s future needs and goals. Generally, the amount is 10-12 times your income.
Step 2
Select the plan option and add-on coverage to give yourself 360 protection. This plan offers multiple additional riders like Critical Illness, Accidental Death Benefit, etc.
Step 3
Choose the premium payment terms & mode. You can either opt for single pay, regular pay or limited pay based on what suits you best.
A detailed look at how the plan works
About iSelect Smart360 Term Plan
Canara HSBC Life Insurance iSelect Smart360 Term Plan is a safety net for yourfamily and loved ones in case of your absence. It is a non-linked, non-participating, individual, pure risk premium, life insurance plan offering three options to suit your and your family's needs.
You can think of it as a shield, protecting them from life's uncertainties. If something unexpected happens to you, the plan will provide your loved ones with a lump sum amount so that they can at least fight the financial storm and keep their life and dreams on track. You can relax knowing your loved ones will be cared for, no matter what.
Canara HSBC Life Insurance - A Name You Can Always Count On!
Canara HSBC Life Insurance is a renowned industry leader with over 15 years of experience delivering exceptional value to our customers. Our range of individual and group insurance solutions meet their various needs, including savings and investment, retirement, protection, health, and more. The company has a legacy of providing unmatched security for you and your loved ones' future.
10,000+ Partner Branches
10,000+ Partner Branches
Canara Bank, HSBC India, Other Alternate Channels
₹37,000 Cr+ Assets Managed
₹37,000 Cr+ Assets Managed
Assets managed as of March 2024
99.23% Claims Settled
99.23% Claims Settled
Individual Death Claims settled in FY 2023-2024
> 210% Solvency Ratio
> 210% Solvency Ratio
Way above the IRDAI mandate
Frequently Asked Questions
You can buy the iSelect Smart360 Term Plan online on our website. You can choose the sum assured based on factors such as your income, number of dependents, debts, and family’s future needs and goals. Select the plan option and add-on coverage to give yourself 360 protection. This plan offers multiple additional riders like Critical Illness, Accidental Death Benefit, etc.
Step 3 - Choose the premium payment terms & mode. You can either opt for single pay, regular pay or limited pay9 based on what suits you best.
a. Select any of the plan options - Life Secure, Life Secure with Income, or Life Secure with Return of Premium.
b. Choose a coverage option of either level or increasing as per your need.
c. Select the optional in-built covers that fit your life insurance coverage needs.
d. If you have a spouse, you may add them to the same policy (Spouse cover is available only under plan option Life Secure).
e. Select how you want the death benefit to be paid out – lump sum, monthly, or part lump sum or part monthly income.
f. Submit the proposal form along with other required information for further processing.
You must be between 18 and 65 years old to buy the Canara HSBC Life Insurance iSelect Smart360 Term Plan.
There are 8 optional in-built covers available with iSelect Smart360 Term Plan, and they are:
a. Accidental Death Benefit (ADB)
b. Accidental Total & Permanent Disability (ATPD) Premium Protection
c. Accidental Total & Permanent Disability (ATPD) Premium Protection Plus
d. Critical Illness (CI) Premium Protection
e. Critical Illness (CI) Premium Protection Plus
f. Terminal Illness (TI)
g. Child Care Benefit (CCB)
h. Block your Premium (BYP) Benefit
Under this benefit, life assured/working spouse, as applicable, will have the option to block their premium rate of base death benefit at policy inception for a period of 5 years, during which life assured/working spouse, as applicable, can request for an increase in benefit amount payable on death up to 25%/50%/75%/100% of the sum assured as chosen at policy inception for respective live(s), without any additional underwriting and irrespective of the attained age, subject to applicable conditions mentioned under the sales brochure.
One of the benefits of term life insurance is the return of premium option. You can opt for it under the plan option ‘Life Secure with Return of Premium’. Under this, if the life assured outlives the policy term, all the premiums paid excluding taxes and underwriting extra premiums, if any are given back to the policyholder on maturity.
Yes, you can get term insurance tax benefits up to Rs.46,8001 with the iSelect Smart360 Term Plan. Please note that tax benefits may be available as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax-related queries, contact your independent tax advisor.
40 critical illnesses (CI) are covered in the iSelect Smart360 Term Plan. Following is the list of critical illnesses covered under Critical Illness Premium Protection and Premium Protection Plus optional in-built cover:
1. Cancer of Specified Severity
2. Myocardial Infarction (First Heart Attack of Specific Severity)
3. Open Chest CABG
4. Open Heart Replacement or Repair of Heart Valves
5. Coma of Specified Severity
6. Kidney Failure Requiring Regular Dialysis
7. Stroke Resulting in Permanent Symptoms
8. Major Organ/Bone Marrow Transplant
9. Permanent Paralysis of Limbs
10. Motor Neuron Disease with Permanent Symptoms
11. Multiple Sclerosis with Persisting Symptoms
12. Benign Brain Tumor
13. Blindness
14. Deafness
15. End Stage Lung Failure
16. End Stage Liver Failure
17. Loss of Limbs
18. Loss of Speech
19. Major Head Trauma
20. Primary (Idiopathic) Pulmonary Hypertension
21. Third Degree Burns
22. Alzheimer’s Disease
23. Aplastic Anemia
24. Medullary Cystic Disease
25. Parkinson’s Disease
26. Apallic Syndrome
27. Major Surgery of the Aorta
28. Fulminant Viral Hepatitis – Resulting in Acute Liver Failure
29. Cardiomyopathy
30. Muscular Dystrophy
31. Poliomyelitis – Resulting in Paralysis
32. Chronic Recurring Pancreatitis
33. Bacterial Meningitis – Resulting in Persistent Symptoms
34. Loss of Independent Existence
35. Encephalitis
36. Severe Rheumatoid Arthritis
37. Scleroderma
38. Creutzfeldt-Jakob Disease
39. Chronic Adrenocortical Insufficiency (Addison’s Disease)
40. Systemic Lupus Erythematous – with Lupus Nephritis
Under the plan option of Life Secure of iSelect Smart360 Term Plan, a Special Exit Value benefit will be available wherein the Policyholder shall be returned the Total Premiums Paid, excluding the underwriting extra premiums and premiums paid for the Optional In-Built Covers (if any), if the Policyholder surrenders his/her Policy at the earlier of the following:
a. The period when the attained age of the Life Assured is 65 years (age last birthday) or
b. ‘x’ Policy Year (where x is defined as the 25th Policy Year for Policy Term from 40 years to 44 years and the 30th Policy Year for Policy Terms greater than 44 years).
Please refer to the Sales Brochure for further conditions applicable for Special Exit Value.
Zero cost term insurance