Canceling Canara Hsbc Obc Life Insurance: A Step-By-Step Guide

Cancelling your Canara HSBC OBC Life Insurance policy involves surrendering your policy and will require you to submit a series of documents. The first step is to submit the reason(s) for policy surrender and the surrender form at the nearest Canara HSBC OBC Life Insurance branch. Along with the surrender form, you will need to provide the following documents: original policy documents, a cancelled cheque with your name on it, ID proof, latest contact details, and an NRE bank statement reflecting any premiums paid from the NRE account. If the cancelled cheque does not have a pre-printed name, you may instead submit a passbook copy or bank statement with the name and account number. It is important to ensure that all the information provided is correct and up to date.

Cancelling Canara HSBC OBC Life Insurance: Reasons and Documents

Cancelling your Canara HSBC OBC Life Insurance policy is a straightforward process. Here are the steps you need to follow, along with the reasons and documents required for cancellation.

Reasons for Cancellation

Firstly, you will need to provide the reason(s) for cancelling your policy. While there is no exhaustive list of acceptable reasons, some common reasons for cancelling life insurance policies include:

• Financial constraints
• Dissatisfaction with the policy or its benefits
• Finding a better policy that suits your needs
• No longer requiring the coverage

Documents Required for Cancellation

When cancelling your Canara HSBC OBC Life Insurance policy, you will need to submit the following documents to your nearest Canara HSBC OBC Life Insurance branch:

• Original policy documents
• Cancelled cheque with the policyholder's name on it (if the cancelled cheque does not have a pre-printed name, account number, or a new account is mentioned, then a passbook copy/bank statement with the necessary details is required)
• ID proof (PAN Card, Aadhaar Card, Passport, Driving License, Voters ID)
• Policy surrender or cancellation form
• Latest contact details
• NRE bank statement reflecting any premiums paid from an NRE account

Additional Information

If you have any queries or require further assistance, you can contact Canara HSBC OBC Life Insurance through the following methods:

• Call: 1800-103-0003/1800-180-0003 (within India) or 0124-4315200 (outside India)
• Email: [email protected] (within India) or [email protected] (outside India)
• SMS: CALLBACK to 09779030003
• Visit the nearest Canara HSBC OBC Life Insurance branch

Cancelling by Phone, Email, or SMS

Cancelling your Canara HSBC OBC Life Insurance policy can be done by phone, email, or SMS. Here is a detailed guide on how to do it:

Cancelling by Phone

To cancel your policy over the phone, you can call the customer service team at the following numbers:

• 1800-103-0003 (toll-free within India)
• 1800-180-0003 (within India)
• 0124-4315200 (outside India)

When you call, have your policy number and other relevant information ready. Ask to speak to a representative about cancelling your policy, and they will guide you through the process. Make sure to ask about any fees or penalties that may apply and get clarification on the effective date of the cancellation.

Cancelling by Email

If you prefer to cancel your policy via email, you can send your request to the following email addresses, depending on your location:

• [email protected] (for customers in India)
• [email protected] (for customers outside India)

In your email, be sure to include your full name, policy number, contact information, and reason for cancellation. Similar to the phone call, inquire about any applicable fees or penalties and confirm the effective date of cancellation.

Cancelling by SMS

Cancelling your policy via SMS is another option. Simply send an SMS to 09779030003 with the keyword "CALLBACK" to receive a call back from their customer service team. They will then guide you through the cancellation process. Again, ensure you understand any fees, penalties, or other implications of cancelling your policy.

Remember to review your policy documents or contact Canara HSBC OBC Life Insurance directly if you have any specific questions about cancelling your policy. It is important to understand the terms and conditions of your policy before initiating the cancellation process.

Cancelling in Person: Branch or Head Office

If you want to cancel your Canara HSBC OBC Life Insurance policy in person, you can do so by visiting either the head office or your nearest branch. Here is a step-by-step guide on how to do it:

• Locate the Nearest Branch or Head Office: The head office of Canara HSBC OBC Life Insurance is located at 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram - 122018, Haryana, India. You can also find your nearest branch by visiting the company's website.
• Gather the Required Documents: Before visiting the branch or head office, ensure you have all the necessary documents. These include the original policy documents, a cancelled cheque with your name and account details, ID proof (such as PAN Card, Aadhaar Card, Passport, Driving License, or Voter ID), and the policy surrender or cancellation form.
• Fill Out the Surrender Form: Obtain a policy surrender form from the branch or head office. Fill out the form, providing the reason(s) for surrendering your policy.
• Submit the Documents: Submit the completed surrender form along with the required documents at the branch or head office.
• Follow-up: After submitting the documents, you may need to follow up with the insurance company to ensure that your policy cancellation is processed. You can do this by contacting their customer service through the provided phone numbers, email, or SMS.
• Confirmation: Once your policy cancellation is processed, you should receive a confirmation from the insurance company. This may be in the form of a letter, email, or SMS.

Remember to keep a copy of all the documents you submit for your records. Additionally, it is advisable to confirm the specific requirements and procedures with Canara HSBC OBC Life Insurance before initiating the cancellation process.

Cancelling Online: Steps and Requirements

To cancel your Canara HSBC OBC Life Insurance policy online, you can follow these steps:

• Visit the official website of Canara HSBC OBC Life Insurance.
• Go to the "Contact Us" section and select the "Get a Call Back" option.
• On the redirected page, enter your name, email address, and mobile number. Also, type in your request to cancel your policy and enter the captcha code.
• Agree to the terms and conditions and click on "Submit".
• The customer care team will then get in touch with you to guide you through the cancellation process.

Alternatively, you can also send an email to the customer service team at [email protected] for residents in India or [email protected] if you are located outside India. Include your policy number, personal details, and your request to cancel the policy in the email.

It is important to note that cancelling your life insurance policy may result in a loss of benefits and coverage. Make sure to carefully review the terms and conditions of your policy before initiating the cancellation process.

Additionally, you can contact the customer care team of Canara HSBC OBC Life Insurance through their toll-free numbers: 1800-103-0003 or 1800-180-0003 (within India) and 0124-4315200 (outside India). They can assist you with any queries related to the cancellation process and guide you through the required steps.

Cancelling by Post: Addresses and Documents

To cancel your Canara HSBC OBC Life Insurance policy by post, you will need to submit a few documents along with a surrender form and a written request for cancellation. Here is a list of the documents you will need to include:

• Original policy documents
• A cancelled cheque with the policyholder's name on it (if the cancelled cheque does not have a pre-printed name, account number, or a new account is mentioned, then a passbook copy/bank statement with the pre-printed name and account number is required)
• ID proof (PAN Card, Aadhaar Card, Passport, Driving License, Voters ID)
• Policy surrender or cancellation form
• Latest contact details
• NRE bank statement reflecting any premiums paid from the NRE account

You will need to send these documents to the following address:

Canara HSBC OBC Life Insurance Company Ltd, 2nd Floor, Orchid Business Park, Sector - 48, Sohna Road, Gurugram - 122018, Haryana, India

Alternatively, you can send your documents to their registered office:

Unit No.208, 2nd Floor, Kanchenjunga Building, 18 Barakhamba Road, New Delhi - 110001, India

Please note that you will need to provide a reason for cancelling your policy. The company may take a few days to process your request and approve the cancellation.

Frequently asked questions