Canara HSBC Oriental Bank of Commerce Life Insurance Company

Canara HSBC Life Insurance Company Limited was launched in June 2008. It is a joint venture between Canara Bank (51% stake), HSBC Insurance (Asia Pacific) Holdings Limited (26% stake), and Punjab National Bank (23% stake). The company was formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company; the name was changed after the amalgamation of Oriental Bank of Commerce with Punjab National Bank. The company's mission is to provide customers with life insurance solutions to help them secure their financial future. It leverages the extensive bank network of its partners to distribute a wide range of products, including protection plans, savings plans, retirement solutions, and group insurance plans.