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Canara HSBC Life Insurance Company begins operations

Canara HSBC Life Insurance Company a joint venture between Canara Bank, HSBC and Oriental Bank of Commerce (OBC) started operations today.

Apnainsurance.com Research Bureau

17 Jun 2008

Canara HSBC Life Insurance Company a joint venture between Canara Bank, HSBC and Oriental Bank of Commerce (OBC) started operations today.  

It is the nineteenth life insurance company in India. While inaugurating the operations of newly formed company, the Finance Minister (FM) asked all the insurance companies to keep their products simple, so that it is better understood by the consumers in rural India. This is the only insurance joint venture where all the partners are from banking sector.

 



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