Public sector Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance has announced the launch of ’Webassurance’
Four life insurance products of Canara HSBC OBC Life would be made available to customers of Canara Bank, covering the key needs of child future, savings and investments, retirement planning and protection.
There is a large and rapidly growing section of the customers who are digitally savvy and prefer to engage online for their banking requirements. This customer segment also likes to have control over their purchase process and look for convenient availability of products and services online.
Canara HSBC OBC Life is jointly owned by two public sector banks Canara Bank (51 per cent) and Oriental Bank of Commerce (23 per cent) and HSBC Insurance (Asia Pacific) Holdings (26 per cent), the Asian insurance arm of banking and financial services groups HSBC.