Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ’Webassurance’ to enable its customers to purchase life insurance in a convenient and hassle-free way.
This Life Insurance is jointly owned by Canara Bank (51%) and Oriental Bank of Commerce (23%) and HSBC Insurance Holdings (26%), the Asian insurance arm of HSBC.
Source: The Hindu Business Line
Static/Current Takeaways Important for LIC AAO Exam:
- Canara Bank Chairman: Shri. T.N. Manoharan, Headquarters: Bangalore, MD & CEO R A Sankara Narayanan.