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Indian Insurance company
Canara HSBC Life Insurance
Company type
Public sector undertaken
Industry
Life insurance
Founded
2008
Headquarters
Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
Anuj Mathur (MD & CEO)[1][2]
Tarun Rustagi (CFO)[3]
Sachin Dutta (COO)[4]
Products
Life insurance
Term life insurance
Unit-linked insurance plan
Endowment policy
Money-back policy
Whole life insurance
Retirement plans
Owner
Canara Bank (51%)
HSBC Insurance (Asia Pacific) (26%)
Punjab National Bank (shareholder/investor) (23%)
Website
www.canarahsbclife.com
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram.[5] Established in 2008, Canara HSBC Life Insurance [6] was a joint venture between Canara Bank (51%), 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.[6][7]
The company's offerings include products in life, health, online term plans, credit life and employee benefit segments.[8][9]
^"Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO". The Economic Times. 10 June 2015.
^Dash, Sanchita (21 February 2018). "These are the Next Big Things in Insurtech Believes this Insurance Top Honcho". Entrepreneur.
^"Tarun Rustagi, CFO, Canara HSBC Oriental Bank Of Commerce Life Insurance - The CFO Wall". etcfo.com. Retrieved 8 September 2021.
^Sarang, Bindisha. "Missing nominations can pose a challenge to heirs". Rediff. Retrieved 10 September 2021.
^"Canara Bank, life insurance arm launch 'Webassurance'". Business Today. 27 April 2019.
^ abShetty, Mayur (16 June 2022). "Canara HSBC Life rebrands due to PNB exit". The Times of India. Retrieved 17 June 2022.
^"Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance". mint. 15 June 2022. Retrieved 17 June 2022.
^"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.
^"Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank". Punjab National Bank.
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