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Canara HSBC OBC iSelect Term Plan

Entry Age (years)  
Minimum 18
Maximum 70
Maximum Maturity Age (years) 80
Policy Term (years)  
Minimum 5
Maximum 40
Sum Assured (Rs)  
Minimum 25 lakh
Maximum No limit
Premium Payment Frequency Yearly and Monthly
Premium Payment Term Regular (same as policy term)
Policy Cover Level cover and Increasing Cover
Other Features  
Free Look Cancellation In case, you are not satisfied with policy, you may choose to cancel it within 30 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, after deducting proportionate risk premium and applicable stamp duty charges and medical expenses, if any
Grace Period You are allowed to pay premiums within 30 days (15 days in case of monthly mode) from the due date. If a due premium is not received within the grace period of 30 days or 15 days as the case maybe, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated
Lapsed Policy Reinstatement You can make a request for revival of your policy anytime during the revival period of 2 years from the due date of first unpaid premium. The revival of the policy will be either on its original terms or on modified terms as per the Board Approved Underwriting Policy of the Company. Post revival of the policy, all benefits would be reinstated as per the terms & conditions of the policy.
Tax Benefits Tax benefits on premium paid and benefit received under Section 80C and Section 10 (10D), as per the Income Tax Act, 1961, as amended from time to time.
Exclusions In case of death by suicide within 12 months from the policy commencement date, no death benefit is payable. However, 80% of the premiums for the respective coverage will be refunded.
Surrender Value There is no surrender benefit in this plan
Customer Service  
Address Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited 2nd Floor, Orchid Business Park, Sector-48, Sohna Road, Gurugram-122018, Haryana, India
Mail To [email protected]
Call On 1800-103-0003/1800-180-0003 (BSNL/MTNL)
Rider Options
Available RidersScope of Cover
Accidental Death Benefit (ADB)If this rider is opted, in the event of death occurring due to an accident, your beneficiary will receive an additional lump sum amount equal to accidental benefit sum assured along with the original sum assured.
Accidental Total and Permanent Disability (ATPD)If this rider is opted, in the unfortunate event of Accidental Total and Permanent Disability (ATPD), the sum assured will be paid as per the payout option chosen by you at inception. Upon payment of entire benefit amount the policy is terminated.