ISelect Star Term Plan

Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availability of any other facility from the bank.

Your biggest priority in life is to secure a good life for your family members. Your life revolves around their aspirations and happiness and you work hard to fulfill their dreams. However, you will never have control over uncertainties in your life and like all other plans you should also plan for any unfortunate event so that the dreams of your loved ones are still protected even in your absence.

Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Star Term plan is the shield against all uncertainties of life. A highly flexible term plan that can be aligned to your life stage and life insurance needs by offering different options for not only coverage, but also for premium payment and benefit payouts.

Canara HSBC Oriental Bank of Commerce Life Insurance

iSelect Star Term Plan

An Individual Non Linked Non Par Pure Risk Premium Life Insurance Term Plan

iSelect Star Term Plan offers multiple options like whole life coverage, covering spouse in same policy, multiple premium payment options including short tenure like 5 or 10 years as well as option to pay during your working years i.e. till you get 60 years old. The plan also offers an option to avail return of premium benefit wherein all your premiums will be returned once you outlive the policy tenure.

KEY FEATURES

1. Insurance cover at affordable price

2. Choose from various options of coverage, premium payment and benefit payouts aligning the plan to your needs

3. Option to cover for a limited period or for your entire lifetime

4. Option to augment cover through additional inbuilt coverages like Accidental Death Benefit, Child Support Benefit, Accidental Total and Permanent Disability Benefit

5. Option of adding Spouse in same policy with a discount on the rates for the Spouse

6. Multiple premium payment options including single bullet payment for entire term or payment for a limited duration of 5/10/15/20/25 years or pay only during your working years i.e. till you turn 60 years besides payment throughout the Policy Term

7. Multiple options to receive benefits as lump-sum, monthly income or part lump-sum part monthly income with the option to choose both level / increasing income

8. Increase your life cover with changing life stages and protection needs in the same plan by augmenting cover at key life milestones

9. Discount on premiums for higher Sums Assured and for female lives

10. Loyalty discount for the existing customers of the Company

11. Tax benefits may be available on premiums paid and benefits received as per prevailing tax laws

HOW DOES THE PLAN WORK?

You can buy this insurance plan online on www.canarahsbclife.in or on any of our partner's websites or directly from Company's sales representative / Company's distributor's sales representative. Just visit/logon to the respective branch/office/portal and complete your buying journey in following simple steps.

A. Customize your plan to suit your insurance requirements



B. Once you have tailored the plan based on your need

i. Choose your Sum Assured, Policy Term, Premium Payment Term and Premium Payment Mode

ii. Reply few easy questions about you like age, gender, health status, lifestyle habits, tobacco/alcohol consumptions details and occupational details

iii. Generate your premium quote and share remaining relevant personal information regarding occupation, lifestyle and health; and details of your nominee, if applicable

iv. Read through the Policy Terms and Conditions and proceed to pay your premium if you agree with them