MUMBAI, Apr 27: Public sector lender Canara Bank
and its life insurance partner Canara HSBC Oriental Bank of
Commerce Life Insurance Saturday announced the launch of
‘Webassurance’.
Four life insurance products of Canara HSBC OBC Life
would be made available to customers of Canara Bank, covering
the key needs of child future, savings and investments,
retirement planning and protection, a release issued here
said.
Canara Bank Managing Director and CEO R A Sankara
Narayanan said, “There is a large and rapidly growing section
of our customers who are digitally savvy and prefer to engage
online for their banking requirements. This customer segment
also likes to have control over their purchase process and
look for convenient availability of products and services
online”.
He said, with Webassurance the bank will be able to
service the protection needs of its younger and net-savvy
customers.
“This initiative integrates together the digital
capabilities of the bank and the company to provide a
convenient and hassle-free option for the bank customers to
fulfill their insurance needs. We are confident that this
initiative will help further increase our reach into Canara
Bank’s customer base and ensure we reach out with relevant
solutions to all customers in the Canara Bank family,” Canara
HSBC OBC Life Managing Director and CEO Anuj Mathur said.
Canara HSBC OBC Life is jointly owned by two public
sector banks Canara Bank (51 per cent) and Oriental Bank of
Commerce (23 per cent) and HSBC Insurance (Asia Pacific)
Holdings (26 per cent), the Asian insurance arm of banking and
financial services groups HSBC. (PTI)
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