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July 31, 2015 5:57 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 of Internal Audit
Chief Risk Officer
Compensation as of Fiscal Year 2015.

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

Canara HSBC Oriental Life Insurance Company Announces Executive Changes

Canara HSBC Oriental Life Insurance Company announced that Anuj Mathur has been appointed as the new chief executive officer (CEO) with effect from July 1, 2015. Mathur who has over 22 years of experience out of which, over 14 years have been with the life insurance industry joined Canara HSBC in 2007 to lead the legal, compliance, risk and corporate governance divisions. He later took over as the Chief Financial Officer (CFO) in September 2009. Mathur succeeds John Holden in the post.

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."

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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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