The organisation is headquartered in Gurugram and has offices all throughout India. Customers are sold and serviced by the company through partner bank locations.
Life, health, online term plans, retirement solutions, credit life, and employee benefit segments are among the goods offered by the organisation to individuals and groups.
History and overview
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The business was founded in 2008. Canara HSBC OBC Life Insurance launched the concept of online policy revival in February 2014, allowing clients to revive a lapsed policy and pay their premiums online.
In 2009, it teamed with Pragathi Gramin Bank in Karnataka and Shreyas Gramin Bank in Uttar Pradesh, and in 2010, it partnered with South Malabar Gramin Bank.
In June 2017, the company joined with Dhanlaxmi Bank. Can Fin Homes and IndianMoneyInsurance.com are also partners. Oriental Bank of Commerce and Punjab National Bank merged in April 2020.
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Financials
For the financial year ending in March 2020, the company made a profit of 105 crore (US$19 million), while for the financial year ending in March 2019, the company made a profit of 165 crore (US$22 million). It had a Gross Written Premium (GWP) of 3,491 crore (US$458 million) in fiscal 2017–18, up 26% from the previous fiscal year. In the fiscal year 2017–18, the company's net profit increased by 51% to 168 crore (US$22 million).
According to the Insurance Regulatory and Development Authority of India (IRDAI), the company made a profit of 163.51 crore (US$21 million) in the new business premium in January 2021, up 47.49 percent from the previous year.
[19] In February of the next year,
In February 2020, the new business premium increased by 56% over the previous year.
As of March 31, 2019, the company's assets under control totaled 14,854 crore (US$2 billion), with a solvency margin of 394 percent. Canara HSBC OBC Life Insurance had a paid-up capital of 950 crore (US$125 million).
Key people
- Chairman: L. V. Prabhakar
- Anuj Mathur has been appointed as the company's Managing Director and Chief Executive Officer.
- Chief Financial Officer Tarun Rustagi
- Kiran Yadav has been appointed as Chief People Officer.
- Rishi Mathur as Chief Digital & Strategy Officer Tarannum Hasib as Chief Distribution Officer
- Sachin Dutta as Chief Operating Officer (COO) and Deven Sangoi as Chief Investment Officer (CIO)
- Vikas Gupta has been appointed as Chief Compliance Officer.
- Appointment of Akshay Dhand as Actuary
Products
Guaranteed Individual life insurance savings-cum-protection plan Income4Life is a non-linked, non-par individual life insurance savings-cum-protection plan.
Advertising and marketing campaigns
The firm launched a digital campaign on March 1, 2021, with a series of short films illustrating various life stages and their related life insurance aspirations. It's a "Raho Life Ke Har Twist Ke Liye Tayyar" brand awareness campaign for the product "iSelect Star Term Plan.
Corporate Social Responsibility initiatives
On the organization's 13th foundation day, 5 June 2021, the company launched a tree-planting effort across India in partnership with the defence channel network (Indian Armed Forces), targeting various cities. On the 15th of June 2021, they completed the planted in ten days.
People also ask
How can I check my Canara HSBC OBC Life Insurance policy?
Call 1800-103-0003, which is a toll-free number. Customers can get policy data by sending an SMS to Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited's customer service centre using their registered cellphone number.
Canara HSBC OBC Life Insurance can be reached through the following methods:
- In India, dial 1800-103-0003/1800-180-0003 / 0124-4315200. (outside India)
- customerservice@canarahsbclife.in (in India) / customercare.NRI@Canarahsbclife.in (outside India) (outside India)
- Send a text message to 09779030003 with the word CALLBACK in the subject line.
How can I check my fund value of Canara HSBC life insurance?
Policy Details on SMS
- Become a member and view the policy details. REGISTER BY TEXT MESSAGE > … Know How Much Your Fund Is Worth. space > SMS FUNDVALUE … Understand the specifics of each fund. space > SMS FUNDDETAILS View the most recent NAVs.
- Get the most up-to-date information on premium payment methods.
- You'll get a callback.
- Resolve a problem or provide feedback.
- To learn more about our plans, go here.
Is Canara Bank with HSBC?
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was established in 2008 as a joint venture between Canara Bank (51%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%). (23 percent ).
How do I check the status of my HSBC application?
Is it possible to monitor the progress of my HSBC Credit Card application online? The online application status feature is not available at HSBC. The best approach to verify your status is to use phone banking or simply rely on the SMS that the bank gives you at each stage.
How do I download my HSBC premium receipt?
The Canara HSBC OBC Life Insurance Premium Receipt Download process
- To get started, go to the official website or mobile app of Canara HSBC OBC Life Insurance Company.
- After that, you must fill in information on the life insurance policy.
- You can view the receipt online after entering the information.
How do I cancel my Canara HSBC Life Insurance?
Head Office: 139 P Sector 44, Gurugram - 122003, Phone: 1800-258-5899 (toll free).
Customer service can be reached at customerservice@canarahsbclife.in.
How do I cancel my HSBC Life Insurance?
You can call HSBC Life at 0345 745 6125 at any time to cancel your HSBC Life Cover insurance. Monday through Friday, barring holidays, lines are open from 8:00 a.m. to 17:00 p.m. If you're not sure if your coverage is still adequate, you should consult a financial advisor.
What is titanium plus plan?
The Titanium Plus is an individual linked life insurance cum savings plan that provides a life insurance policy to safeguard your family in the event of the policyholder's untimely death, as well as various investment options to help you reach your goals.
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What is Equity II fund?
The Canara HSBC ULIP Equity II Fund is an Indian Unit Linked Insurance product. The Fund's goal is to achieve substantial capital appreciation while maintaining liquidity by investing in equities. The Fund makes cash and money market investments.
What is the another name of Canara Bank?
Syndicate Bank is merging with Canara Bank, and the new entity/bank will be known as Canara Bank.
Is Canara Bank merged with any other bank?
State Bank of India was merged with its associate banks and Bharatiya Mahila Bank in 2017.
| Anchor Bank | Banks Merged |
| Punjab National Bank | Oriental Bank of Commerce United Bank of India |
| Canara Bank | Syndicate Bank |
| Indian Bank | Allahabad Bank |
| Union Bank of India | Andhra Bank Corporation Bank |
| Bank of Baroda | Dena Bank Vijaya Bank |
| State Bank of India | State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travencore Bharatiya Mahila Bank |
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