Canara HSBC Oriental Bank of Commerce Life Insurance expands its online product suite with iSelect+ Term Plan

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 Competitive pricing –

– Insurance cover that suits every customer’s need-

Mumbai, 11th March 2020: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited announces launch of iSelect+ Term Plan (available online) which provides enhanced protection cover at an affordable premium. With iSelect+ Term Plan one can design their own financial safety net so that they can protect their family’s future and ensure that they lead their lives comfortably without any financial worries.

Canara HSBC Oriental Bank of Commerce Life Insurance iSelect+ Term Plan is a highly flexible and customer friendly term plan that can be aligned with life stages and requirements of the customers, offering different options for not only coverage, but also for premium payment and benefit payouts.   This plan is designed to provide death benefit and terminal illness, and has additional options of accidental death benefit, accidental total and permanent disability benefit and child support benefit. Customers can choose from the various options provided and customize it as per their requirement.

The plan provides 3 plan options to choose from –

·         Plan Option 1 “Life

·         Plan Option 2 “Life with Return of Premiums 

·         Plan Option 3 “Life Plus

Mr. Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited said, “Insights from customers are the key inputs for us while designing a product. Our aim always has been that our proposition to customer must be market competitive and provide a fair value exchange. iSelect+ Term Plan is a simple to understand product that is available online, has convenient premium payment options and offers very high value to the customer.”

Mr. Mathur further added, “Life insurance is needed by everyone who makes a financial impact to somebody else’s life. At any point in time one should plan in such a manner that in one’s absence, the family will not need to compromise on their current lifestyle and dreams. Our iSelect+ Term Plan is a pure protection online term plan that provides cover incase of death/ terminal illness along with the option to cover against accidental death/ disability. Canara HBSC Oriental Bank of Commerce Life Insurance Company Limited continues to focus on meeting customer needs and is committed to delivering ‘Value for Money (VFM)’ for them “.

Commenting on the launch Ms. Santosh Agarwal , Chief Business Officer, Life Insurance, Policy Bazaar adds “We are delighted to announce our collaboration with Canara HSBC Oriental Bank of Commerce Life Insurance, a brand synonymous with offering customer -centric insurance plans. Our partnership will help us to serve a wide variety of existing and potential customer base with differentiated offerings and solutions on a digital platform. One of biggest concerns and priorities of life is to secure a good life for our family members and one can fulfill this need with a protection plan which enables them to cover financial obligations and can, to a great extent, provide financial relief to their loved ones. Canara HSBC Oriental Bank of Commerce Life Insurance iSelect+ Term Plan helps attaining this by providing protection against all uncertainties of life. iSelect+ plan aims to propagate industry first customer propositions such as Child Support Benefit , Maturity Benefit in Life Plus Option , Covering Working and Non-Working spouse in the same policy for our customers. With these multiple options to receive benefits, the customers can attain financial goals in more synchronized manner as well as achieving long term goals with this product.”

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