Canara HSBC Life Insurance, formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was established by the joint venture of leading financial institutions of Canara Bank (51%), HSBC Insurance Holding Ltd (26%), and Punjab National Bank (23%).

The insurance company brings together the trust and the market knowledge of two biggest public sector bank and the combined with the Global Insurance expertise of HSBC.

Managing Director & CEO Mr. Anuj Mathur
Foreign Partner Canara Bank – 51% HSBC Insurance Holdings Ltd – 26% Punjab National Bank – 23%
Contact Details Toll-free   : 1800 103 0003/ 1800 180 0003 Website    : CANARA HSBC LIFE Mail           : SMS           : ‘CALLBACK’ to 09779030003
Latest Claim Settlement Ratio 98.12% (FY 2019-20)
Asset Under Management 15,374 Cr as on March 31st 2020
Solvency Ratio 365% as on 31st MAR 2020
New Business Premium Rs.975 Crore (FY 2019-20)
Branches 40 branches and 20,000+ partner branches
Year of start 2008
IRDAI registration No 136
Corporate Office Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. 2nd Floor, Orchid Business Park, Sector – 48, Sohna Road, Gurugram, Haryana – 122018.
Awards & Recognition 1)Life Insurance Company of the Year 2020 2)Best Use of Analytics in Predictive Modeling Award 2020 3)Best Risk Technology Implementation Award 2020 4)Asia’s Most Trusted Company Award 2019 5)The Economic Times Best BFSI Brands Award 2019
Banking Partner 1)Canara Bank 2)Punjab National Bank 3)Dhanlaxmi Bank 4)Karnataka Gramin Bank
Top Selling Best Product 1)Guaranteed Savings Plan 2)Invest 4G Plan 3)iSelect + Term Plan
Value Behaviors ->Customer Centricity Treat the customer like you would want to be treated; by being fair and consistent. ->Agility Float like a butterfly and sting like a bee; respond with speed and flexibility. ->Accountability Own it, be responsible and stay committed to the outcome. ->Collaboration Respectfully work together to achieve our common goals. ->Empowerment and Respect Encourage and support each other to make independent decisions with respect and courtesy.
Social Media Links Twitter     : Facebook : Instagram :


This company is headquartered in Gurugram, and having more than 40 branches in pan India. This company has the sell their products and provide services through more than 20,000+ branches available in Pan India.

By using their established presence in Tier 1,2,3 markets as well as rural belt with new tech serving platform this company is committed to serve their customers as per their preferences.

The company offers 32 products with well diversified portfolio that meet the various need of the various customers through their life time. This Company offers various category of Insurance as follows Term Plan, Online term plans, savings plan, child plan, Retirement plan and Health insurance also.


Canara Bank, widely known for customer centricity was founded by Shri Ammembal Subba Rao, a greatest visionary and philanthropists, in July 1906 at Mangalore, then a small port town in Karnataka.


The bank has gone through various phases to its growth trajectory over 100 years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of national level player in terms of geographical reach and clientele segments.

In 2006 the bank completed century of operation in banking industry. The banks journey has been characterized by several eventful memorable milestones. Now Canara bank occupies a premier position in the comity of Indian banks.

Over the years, the bank has been scaling up its market position to emerge as major ‘Financial Conglomerate’ with as many as ten subsidiaries/sponsored institutions/joint ventures in India and abroad. As at June 2020, the Amalgamated Canara bank services over 11.68 crore customers through a network of 10,456 branches and 13,401 ATMs spread across all Indian states and union territories.


PNB is the India’s first Swadeshi Bank and started its operations on April 12, 1895 from Lahore, with an authorized capital of 2lac and working capital of Rs 20,000. It was the first bank to be managed by Indians with Indian capital and during the long history of Bank, 7 banks have merged with PNB.


The Bank’s brand image and trust is increased by its customer base, the growth of a business and the profitability, that leads to open new branches and starting new business. PNB’s Global business increased by 3.3% YoY to Rs.12,20,775 crore as the end of March’20 from 11,82,224 crore in March’19.

The reason is that the bank continues to maintain its fortune in low cost CASA deposit with share at 44.05%. PNB’s focus has been on qualitative business growth, recovery and arresting fresh slippages.


HSBC was born from a simple idea, a local bank that serves the international needs. In March 1865 HSBC has started its business in Hong Kong. It is one of the world’s largest banking and financial services organizations.

It serves more than 40 million customers through its global business, Wealth, personal banking, commercial banking, Global banking and Markets. HSBC’s network present in 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.


HSBC’s aim is to be where there the growth is connecting customers to opportunities, enabling business there to thrive and helping people to fulfil their hopes and realize their happiness. HSBC’s shares listed in Hong Kong, New York, Paris and Bermuda Stock exchanges and held by around 197,000 shareholders in 130 countries and territories.


Canara HSBC Life Insurance’s CEO said the amalgamation announced by the honorable Finance minister Nirmala Sitharaman in August 2019, has proved beneficial of their business. The merger of Canara bank with Syndicate bank and PNB with oriental bank and United bank leads to increase the branches and it leads to servicing and selling points of the Canara HSBC insurance.

The company said that over last five years, the individual new business premium has grown at a compounded annual rate of 24 percent as against industry growth of 12 percent.

For making the easy and simple way of getting claim, the company launches a service called InstaPromise where claim will be approved within one day of submitting the necessary documents.

As per the data the business of the Canara HSBC increases 7% growth with a profit of 105 crore. The claim settlement ratio also increases to 99%.

In this pandemic Covid-19 situation the company promotes their products through banks and digital ways, leads to increases the business 100% even the lock down.

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