Canara Bank, Canara HSBC OBC Life launch ‘Webassurance’

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.

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