HSBC which holds 26% in Canara HSBC OBC Life Insurance Company is known to be in talks of exiting the business of life insurance in India. This is the first ever time HSBC has ventured into the life insurance space.
 
Canara HSBC Oriental Bank of Commerce Life Insurance Company which started operations in 2008 is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance. HSBC has been exiting many of their non core businesses globally in order to maintain focus on its...  Read More »

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, released HSBC study ‘Future of Retirement: Why Family Matters’ in India.

The study reveals people’s outlook on retirement and the differences in the way people from different households plan for it. It highlights the gender gap between how men and women plan and...  Read More »

Canara HSBC Oriental Bank of Commerce Life Insurance, which entered the life insurance space in June 2008, has launched a new Unit-linked insurance plan (Ulip) ‘Insure Smart Health’.

The company is a joint venture between two of India’s largest public sector banks - Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited. It has shown a year-on-year growth as a result of its efficient bancassurance model with a network of over 4600 branches of Canara bank,...  Read More »

Canara HSBC Oriental Bank of Commerce Life Insurance has recorded 82% Growth in FY 2010-11. This is a result of a successful bancassurance model making it one of the few private players to post a positive growth.

The insurer has garnered Rs 265 crores in March and has closed FY 2010-11 with total gross written premiums (GWP) amounting to Rs 1532 crores. The company has sourced over 1,11,000 policies in this fiscal. These successful business figures now seats the company amongst the top 10...  Read More »

In a press release yesterday, Canara HSBC Oriental Bank of Commerce Life Insurance announced the appointment of John Holden as the Chief Executive Officer. He has replaced Harpal Karlcut, who has moved back to HSBC Insurance on an overseas assignment.

 
John Holden has international experience and has worked with HSBC for over 26 years in banking, insurance and marketing. Prior to joining Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd, he was the Deputy President and Chief...  Read More »

Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd. has unveiled a new unit-linked insurance plan (ULIP) to take care of your child’s future.
 

The ULIP is called Future Smart plan and it provides a long-term investment opportunity. Policyholder can choose from multiple options and features of choosing a policy term which matures when their child is ready for marriage or higher studies. It also provides an option that allows withdrawal of 15% of fund value in the last 5 years and...  Read More »