Lanced in 2008, Canara HSBC is jointly owned entity by two of India’s largest public-sector banks- Canara Bank (51%) and Oriental Bank of Commerce(23%). HSBC Insurance (Asia Pacific) Holdings Limited have a 26% stake in the company. The company is one of the preeminent life insurance companies in India with a customer base of over 60 million.
The company is a perfect amalgamation of financial fervour, expertise and trust.
For the company, the life insurance business is all about equipping its customers with social shield and protection. It was first to implement the Bancassurance model in India. Their business strategy warrants thorough knowledge of the market, especially with experts looking for bank partner or ascending their bancassurance channel.
The company has admittance to around 60 million customers and a pan-India interface of over 8000+ branches of Canara Bank, HSBC and Oriental Bank of Commerce.
You can improve the policy with voluntary riders
Renders an assemblage of life insurance product including ULIP plans, protection plans, group plans and traditional plans
Minimum sum assured of Rs. 25 lakhs to Rs. 10 crore
For the year 2017-2018, the company had a claim settlement ratio of 95.22%.