Canara HSBC Life Insurance

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Canara HSBC Life Insurance
TypePublic
IndustryLife insurance
Founded2008
Headquarters
Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
Products
Owner
Websitewww.canarahsbclife.com
Footnotes
[6][7]

Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram.[8] Established in 2008, Canara HSBC Life Insurance [9] was a joint venture between Canara Bank (36.5%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, Punjab National Bank.[9][10]

The company provides life, health, online term plans, credit life and employee benefit segments.[11][12]

History and overview

The company was established in 2008. In February 2014, Canara HSBC Life Insurance [10] introduced the concept of online revival of the policy, enabling customers to reinstate a lapsed policy and allowing them to pay their premium online.[13]

It partnered with 3 rural regional banks, Pragathi Gramin Bank in Karnataka and Shreyas Gramin Bank in Uttar Pradesh in 2009 and South Malabar Gramin Bank in 2010.[14] The company partnered with Dhanlaxmi Bank in June 2017.[15] It also tied up with Can Fin Homes and[16] IndianMoneyInsurance.com.[17] In April 2020, Oriental Bank of Commerce merged with Punjab National Bank.[18][19] On 15 June 2022, the company rebranded as Canara HSBC Life Insurance.[20]

See also

References

  1. "Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO". The Economic Times. 10 June 2015.
  2. Dash, Sanchita (21 February 2018). "These are the Next Big Things in Insurtech Believes this Insurance Top Honcho". Entrepreneur.
  3. "Tarun Rustagi, CFO, Canara HSBC Oriental Bank Of Commerce Life Insurance - The CFO Wall". etcfo.com. Retrieved 8 September 2021.
  4. Sarang, Bindisha. "Missing nominations can pose a challenge to heirs". Rediff. Retrieved 10 September 2021.
  5. Kapoor, Sheersh (22 October 2025). "PNB sells 10% stake in Canara HSBC Life Insurance, raises over ₹1,000 crore". CNBCTV18. Retrieved 12 November 2025.
  6. "Reports : Canara HSBC Life Insurance" (PDF). Icicidirect.com.
  7. "SEBI | Canara HSBC Life Insurance Company Limited - RHP". www.sebi.gov.in.
  8. "Canara Bank, life insurance arm launch 'Webassurance'". Business Today. 27 April 2019.
  9. Shetty, Mayur (16 June 2022). "Canara HSBC Life rebrands due to PNB exit". The Times of India. Retrieved 17 June 2022.
  10. "Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance". mint. 15 June 2022. Retrieved 17 June 2022.
  11. "Bank Merger: 6 things OBC, UBI customers should know about debit cards, cheque books to passbooks post merger with PNB". zeebiz.com. 13 April 2020.
  12. "Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank". Punjab National Bank.
  13. "HSBC Oriental Bank of Commerce Life Insurance Company launches online revival of policies". The Economic Times. 25 February 2014.
  14. "Introduction". Canarahsbclife.com. Archived from the original on 19 August 2013. Retrieved 12 July 2020.
  15. Kumar, Krishna (6 June 2017). "Canara HSBC Oriental Bank of Commerce Life Insurance ties up with Dhanlaxmi Bank". The Economic Times.
  16. "Canara HSBC OBC Life Insurance partners Can Fin Homes to sell policies". Moneycontrol.com. 8 March 2018.
  17. "Canara HSBC OBC Life Insurance partners with IndianMoneyInsurance.com to sell policies". The Free Press Journal. 17 October 2019.
  18. "Bank Merger News: Government unveils mega bank mergers to revive growth from 5-year low". The Times of India. 30 August 2019. Retrieved 8 October 2021.
  19. Staff Writer (30 August 2019). "10 public sector banks to be merged into four". mint. Retrieved 8 October 2021.
  20. "Canara HSBC OBC Life Insurance renews commitment to its customers with Canara HSBC Life Insurance rebranding". Free Press Journal. Retrieved 17 June 2022.