{"id":42508,"date":"2019-08-19T14:44:19","date_gmt":"2019-08-19T09:14:19","guid":{"rendered":"https:\/\/www.newsilike.in\/?p=42508"},"modified":"2019-08-19T14:44:22","modified_gmt":"2019-08-19T09:14:22","slug":"iselect-term-plan-smart-term-insurance","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/iselect-term-plan-smart-term-insurance\/","title":{"rendered":"iSelect Term Plan – The Smart Term Insurance for Your Financial Security"},"content":{"rendered":"\n
\"iSelect<\/figure>\n\n\n\n

Taking an insurance policy is not just a\nnecessity these days, but also one of the best financial\ncoverage options that you can opt for.\nThere is always the harsh reality of an unforeseen calamity in life lurking\naround the corner, which may cause future distress to your family and\ndependants. Investing in a suitable insurance policy is the best financial\nprotection that you can give to your family in lieu of this uncertain\nfuture.  <\/p>\n\n\n\n

Term insurance, or term plan, is a widely\naccepted type of insurance policy which many people prefer owing to its\nmultiple benefits and flexibility. Term Insurance covers the policyholder for a\nspecified duration of time and often provides a bulk pay-out to the nominee in\nan unfortunate situation. <\/p>\n\n\n\n

A term plan is highly advantageous for those\nindividuals who are the only earning member of their family and have little\nkids to take care of. Another advantage is that the premium amount payable for\nterm insurance is very less when compared to Whole\nLife insurance. <\/p>\n\n\n\n

Financial Security Made Easy with iSelect Term Plan<\/a> by Canara HSBC Oriental Bank of Commerce Life Insurance <\/p>\n\n\n\n

iSelect term plan is made available by one the\nmost reputed and distinguished BFSI companies in India \u2013 Canara HSBC Oriental\nBank of Commerce Life Insurance Company Limited. Formed in 2008 through a joint\nventure of three of the largest banking and financial service organizations of\nthe country, Canara HSBC Oriental Bank of Commerce\u2019s iSelect term plan is\nensured to provide viable financial solutions to individuals in times of\ncrisis.<\/p>\n\n\n\n

Your promise to your family to take good care of them no matter what the situation, is what drives the company as well in all its endeavours. Canara HSBC Oriental Bank of Commerce aims to fulfill all your financial promises to your dependents by offering you feature-rich and flexible options, ensuring that you\u2019re always in control of the policy\u2019s benefits. Also, the term insurance riders associated with the plan are designed to offer the maximum protection that are supplemented with the basic death benefit.<\/p>\n\n\n\n

By embedding these core principles of treating\ncustomers in a fair and transparent manner, the company not just makes it easy\nfor you to avail the true benefits of term insurance, but also allows you to\ncustomize the plan as you see fit. <\/p>\n\n\n\n

The combined expertise of Canara HSBC Oriental Bank of Commerce brings to the table legacy of three major banking and financial corporations with a huge amount of experience in a broad spectrum of finance solutions for individuals. With their steadfast expertise, trust & transparency, they have gained the confidence of 115+ million customers, enabling and empowering the financial aspect of their lives. In fact, the company\u2019s Q4 earnings ending March 2018 grew 69% with a large penetration in urban Tier-1 and Tier-2 cities. The company is also one of the fastest growing insurance companies in the Tier-3 & Tier-4 regions, making it the preferred choice for all first-time insurance buyers. <\/p>\n\n\n\n

Canara HSBC Oriental Bank of Commerce also\naims to make term insurance a standard must-have for every family, just as\nsimple as owning a vehicle, without the overburdening pressure of high\npremiums. To this effect, it works to maximize the benefits, lower payable\npremiums, speedy claims processing, flexible payment options, and a host of\nadditional convenient options for customers to take advantage of. The term\ninsurance plans offered by the company are created with the objective of making\nit viable and affordable to all segments of society, empowering them to be\nfinancially secure in the long run.<\/p>\n\n\n\n

With a strong network of over 8,500 partner\nbank branches that blankets pan-India, you\u2019re never too far to visit Canara\nHSBC Oriental Bank of Commerce to talk to an advisor, buy a term plan, or just\nto have your queries answered. You can also choose to buy a term plan online\nfrom the comfort of your home by logging in to the official website and\nbrowsing through the available options. No more dealing with agents or\nmiddlemen, and no more standing in queues. With reduced documentation and\npaperwork, buying a term plan from Canara HSBC Oriental Bank of Commerce online\nis as easy as shopping from your favourite brands online. Search, compare and\nbuy the ideal plan for your family with trusted compliance and information you\ncan always bank on.<\/p>\n\n\n\n

The iSelect term plan<\/a> is a highly popular term insurance cover which is among the top insurance plans of the company. The plan has multiple coverage aspects with provision for life insurance, terminal illness, and protection against any form of accidental disability or death. <\/p>\n\n\n\n

However, the most important aspect of all is the benefit of providing a steady income for the family when it\u2019s needed the most. It ensures uninterrupted continuity of the family\u2019s needs such as kid’s education, daily expenses and other requirements with high ease of financial payments.<\/p>\n\n\n\n

What is \u201csmart<\/em>\u201d\nabout the iSelect term plan <\/h2>\n\n\n\n

The iSelect term plan offers you plenty of\nadditional benefits over a plain vanilla cover that you find in the market. For\nexample, you are provided with an option to increase the term cover by 25%\nevery 5 years <\/em><\/strong>at the inception of the\npolicy itself<\/em><\/strong>.\nThis makes perfect sense as your financial goals don\u2019t remain stagnant all the\ntime. Depending on your financial growth, you can take advantage of this\nbenefit and increase the original sum assured by up to 100% during the duration of the policy!<\/p>\n\n\n\n

iSelect\nterm plan also gives you an option to cover your spouse within your policy. In\nour everyday lives, we don\u2019t realise how much our stay at home spouses\ncontribute to our lives and it\u2019s growth. Thus, covering your spouse within your\nterm insurance is an extremely wise decision.<\/p>\n\n\n\n

You could also opt for Optional built-in covers<\/em><\/strong> such as accidental death, and accident total and permanent disability by paying an additional premium. In case of accidental death, the term plan allows your beneficiary to avail the accidental benefit sum insured + additional lump sum amount (which is the same as the accidental sum insured), along with the original term plan sum insured. The maximum accidental death benefit cover amounts to Rs. 3 Crore. In the case of accident total and permanent disability, the overall benefit amount can go up to Rs. 1 Crore.<\/p>\n\n\n\n

Another great feature worth noting is the Flexible options for the Payout of Benefits<\/em>.\nHere, the insured gets to choose how the payout is made in the times of an\nuntimely demise or terminal illness such as \u2013 <\/p>\n\n\n\n

  1. Lumpsum<\/strong><\/li>
  2. Lumpsum +\nMonthly<\/strong><\/li>
  3. Monthly for\na fixed term<\/strong><\/li>
  4. Monthly\ntill the end of policy term<\/strong><\/li><\/ol>\n\n\n\n

    This kind of flexibility in payouts lets you\nplan ahead for the financial well-being of your family in a smarter way without\nputting them at risk.<\/p>\n\n\n\n

    You can also find additional benefits of the\niSelect term plan such as special premium amounts for non-smokers, lower\npremium amounts for women, tax savings on premiums and benefits availed, and\nmore.<\/p>\n\n\n\n

    To know more about the criteria and the exact premium rates, please visit\u00a0 https:\/\/www.canarahsbclife.com\/lifeinsurance\/portal\/canh\/home\/allplan\/online-plans\/iselect-term-plan<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

    Taking an insurance policy is not just a necessity these days, but also one of the best financial coverage options that you can opt for. There is always the harsh reality of an unforeseen calamity in life lurking around the corner, which may cause future distress to your family and dependants. Investing in a suitable…<\/p>\n Read More<\/span> iSelect Term Plan – The Smart Term Insurance for Your Financial Security<\/span><\/a>","protected":false},"author":2,"featured_media":42511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"iSelect Term Plan - The Smart Term Insurance for Your Financial Security. @CanaraHSBCOBCLI","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5220],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.newsilike.in\/wp-content\/uploads\/iselect-term-plan.jpg","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42508"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=42508"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media\/42511"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=42508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=42508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=42508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}