Canara HSBC OBC iselect smart 360
- Financial Ratios57 /100
- Product Features90 /100
- Price76 /100Priced Low
- Claims Experience93 /100
06Product Features
- Maximum Maturity Age
Up to 99 Years - Premium Payment Mode Regular, Limited and Single Pay
- Premium Payment FrequencyAnnual, Half-yearly, Quarterly, Monthly
- Death Benefit Payout OptionLump-Sum and Monthly
Financial Ratios
- Solvency Ratio2.52 times
- 13th Month Persistency Ratio (No. of Policies)
72.00% - 61st Month Persistency Ratio (No. of Policies) 47.80%
- Commission Ratio5.70%
Claims Experience
- Claim Settlement Ratio (CSR)- Value of Claims96.09%
- Claim Settlement Ratio (CSR)- No. of Policies99.01%
- Number of Registered Claim Complaints27 Complaints per 10,000 Claims
- Ageing of Claims (AOC) - Average (No. & Amount)83% Claim Score
About Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd.
Canara HSBC Life Insurance, headquartered in Gurugram, initially formed a partnership with Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank (23%). In June 2022, it rebranded as Canara HSBC Life Insurance after Punjab National Bank's exit, known for its robust distribution network and cutting-edge technical service channels.
- FOUNDED IN2008
- CEOAnuj Mathur
- HEADQUARTERSGurugram, India
- AUM₹15,347.49 Cr
- PREMIUM UNDERWRITTEN₹7,128.70 Cr
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1 Finance Private Limited is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and has no alliance or association with any Insurance companies. The Information contained above in the scoring and ranking model is provided solely for general interest, educational and informational purposes only and may not constitute any kind of advice.
The information for this report was compiled using information from insurance company websites, product brochures, policy wordings, IRDA Annual Reports, and publicly available data. Insurance is the subject matter of solicitation. It’s important to conduct your own research and analysis before making any financial decisions. If you're unclear about what to do, we advise consulting with an impartial advisor.