Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd is a joint venture between three business giants – Canara Bank (holds 51% shares), HSBC Insurance (Asia Pacific) Limited (holds 26% shares) and the Asian insurance wing of one of the leading financial and banking services companies of the world – HSBC and Oriental Bank of Commerce (holds 23% shares). The strong distribution network as well as local market expertise of Canara Bank and Oriental Bank of Commerce combines with the insurance expertise of and established bancassurance potentials of HSBC makes a company an unparallel amalgamation of expertise, financial strength and reliability.
The company has earned more than 60 million customers and a robust network of about 7000 branches. Also, it has established 28 hubs all across India to facilitate training to the bank staff to make their services better. Besides that, the services offered by the company are also remarkable with lots of options to choose from.