The Company was launched on 16 June 2008 and is a Joint Venture between Canara Bank (holding 51%), HSBC Insurance (Asia Pacific) Ltd (holding 26%), the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC and Oriental Bank of Commerce (holding 23%).
We honour our commitments and live by our words. We offer equal opportunity to all and demonstrate honesty and transparency in our dealings.
We offer simple and best in - class experience to our customers by leveraging research, technology and processes.
We demonstrate excellence in quality and delivery. We will invest in simplifying every aspect of the life insurance business model in India and be recognised as the industry leader.
We operate as a high performing team; we take pride in our work and support each other to achieve our professional and personal aspirations.
We commit to take the benefits of insurance to all strata of society,particularly to our partners' customers. We demonstrate our responsibility towards society and the environment through our personal actions and work policies.
Canara HSBC Oriental Bank of Commerce Life Insurance Company is committed to more than just giving back to the society or community within which it operates and focuses on doing well by doing good.
The business of Life Insurance is all about social security and protection i.e. aimed at the well being of human beings and the society as a whole. One of the five core values of the Company is Corporate Citizenship which stresses the fact that businesses and markets are essentially aimed at the welfare of society and thus complement each other.
As a part of its commitment to CSR, the presentation of life insurance policies to 8 underprivileged children at launch was the first step towards this initiative.
16th June 2008: Mr P Chidambaram, former Union Minister of Finance, presented the first set of policies of the newly-launched Canara HSBC Oriental Bank of Commerce Life Insurance Company to underprivileged children at the company launch. Also seen in the photographs Mr Alok K Misra, former Chairman and Managing Director, Oriental Bank of Commerce, Mr M B N Rao, former Chairman and Managing Director, Canara Bank, Mrs Naina Lal Kidwai, Group General Manager and Country Head, HSBC, India and Mr Clive Bannister, former Group Managing Director of Insurance, HSBC.