Canara HSBC OBC iselect smart 360 Features, Claim Settlement Ratio & Financial Ratios

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Canara HSBC OBC iselect smart 360

Financial Ratios58 /100
Product Features90 /100
Price73 /100Affordable
Claims Experience94 /100

1 Finance Score:84 /100

1 Finance Rank:This policy ranks 4^th out of 13 policies for your age group.

Product Features

Maximum Maturity AgeUp 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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Disclaimer

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.