March 06, 2015 8:21 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 individual and group life insurance policies in India. The company offers unit-linked and traditional life insurance policies. It sells its policies through its banks and branches. The company was founded in 2008 and is based in Gurgaon, India. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited operates as a subsidiary of Canara Bank Limited.

Unitech Trade Centre

2nd Floor, C - Block

Sushant Lok

Phase-1, Sector-43

Gurgaon,  122009

India

Founded in 2008

Phone:

91 12 4453 5000

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

Chief Executive Officer
Chief Financial Officer and Company Secretary
Chief Operating Officer
Chief Investment Officer and Director of Investments/Procurements
Chief Marketing Officer and Director of Sales & Marketing
Compensation as of Fiscal Year 2014.

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

Canara HSBC Oriental Bank of Commerce Life Insurance Launches Digital Solution for Bancassurance

Canara HSBC Oriental Bank of Commerce Life Insurance has announced the e-integration of its bancassurance offering with the launch of CHOICeNET, a portal embedded with the partner banks' intranet. The firm announced that the solution would allow bank employees to provide end-to-end information to customers. CHOICeNET was created to reach out to customers who are more interested in dealing directly with their local bank branch.

HSBC Not To Divest Stake In Canara HSBC Oriental Bank

HSBC Holdings plc (LSE:HSBA) has decided not to divest its stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited. Chairman and Managing Director of Canara Bank, R K Dubey, told Business Standard: "They (HSBC) have officially said they would be staying back. So, the joint venture is intact. Their shareholding also remains the same."

Shriram Reportedly Drops Out Of Race For Canara HSBC Oriental's Stake

Shriram Group Pvt. Co. has dropped out of the race to acquire 26% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from HSBC Holdings plc (LSE:HSBA) due to valuation issues, sources said. A senior company executive said: “We were in talks, but these have fizzled out now. We continue to be interested in inorganic expansion.”

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To contact Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, please visit www.canarahsbclife.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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