Canara HSBC Life Insurance

About Canara HSBC Life Insurance

Canara HSBC Life Insurance company was launched in June 2008 & is jointly owned by two of India's largest public-sector banks - Canara Bank (holding 51%) and Oriental Bank of Commerce(23%) - and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC. With a combined experience of over 300 years in the financial services space in the country, the shareholder has a sound understanding of the socio-economic needs of the population. Backed by thorough research, they launched a pure bank assurance model, a first in India, with each aspect of the business tailored to the specific needs of the distributing banks, including products, training, operational & service support, and integration with bank sales processes resulting in an efficient, low cost, distribution model.