April 23, 2017 11:34 AM ET

Insurance

Company Overview of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Company Overview

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited provides life insurance products in India. The company offers unit-linked and traditional life insurance policies. It sells its policies through its banks and branches. The company was incorporated in 2007 and is based in Gurgaon, India. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited operates as a subsidiary of Canara Bank Limited.

2nd Floor, Orchid Business Park

Sector - 48

Sohna Road

Gurgaon,  122018

India

Founded in 2007

Phone:

91 12 4453 5000

Key Executives for Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

Chief Executive Officer
Founder Member and Chief Investment Officer
Founder Member and Head of Marketing & Customer Retention
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2016.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited Key Developments

Canara HSBC Oriental Bank of Commerce Life Insurance Company to Launch Pure Term Insurance Product

Canara HSBC Oriental Bank of Commerce Life Insurance Company has said that it is to launch a pure term insurance product. The new product is to be launched in April. With term return of premium (ROP), if nothing has happened (no insured event, death - occurs during the policy tenure), whatever premium paid, will be paid back. In this particular product, the upper limit for sum assured is INR 1.5 million.

Oriental Bank Not Looking To Shed, Hike Stake In Life Insurance Venture

Oriental Bank of Commerce (BSE:500315) has no immediate plans to sell or raise its stake in its life insurance joint venture Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, Animesh Chauhan, Managing Director and Chief Executive Officer, said. "There is no question of selling or altering our stake now. The life insurance joint venture company is doing well and in line with our expectations," Chauhan said.

Canara HSBC Oriental Bank Launches iNVESTSHIELD

Canara HSBC Oriental Bank has announced that it has launched a new insurance product called 'iNVESTSHIELD,' the product aims to protect and meet an individual's present and future financial needs. The firm announced that this is an online linked plan with a 'Premium Funding' option. In case of death of the insured, the insurer funds the remaining premiums for the remaining policy term.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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