Canara HSBC Life:

HSBC and two of India's largest nationalized banks have come together in partnership in order to form the Canara HSBC Oriental Bank of Commerce Life Insurance.

The result is the creation of one of the largest banking and financial services organization in the world. Innovative life insurance products are now virtually at the doorstep of every individual.

 They have with them over 300 years of combined experience when it comes to financial services. They also have a support system of 4,000 strong branch networks across the globe.

The joint venture has a shareholding pattern of 51% equity for Canara Bank, 26% for the HSBC Insurance (Asia Pacific) Holdings Limited and 23% for the Bank of Commerce. The initial paid up capital is Rupees 325 Crores.

This is believed to increase further in line with the company's expansion programs. The Canara HSBC Oriental Bank of Commerce Life Insurance is the preferred insurance for most of the Indians as they have access to 4100 bank branches that are spread right across the country.

Canara HSBC Oriental Bank of Commerce Life Insurance is committed to help every person to realize their life goals. They do this with the help of the financial expertise, trustworthiness and corporate citizenship of their three parent banks namely the Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited and Oriental Bank of Commerce.

 They make sure that they provide the highest level of customer service, so that their clients stay secured and well satisfied.

The company recently launched Canara HSBC Life Unit Linked Whole Life Plan. This plan is unique because it not only gives you the protection and returns, but it also covers you till 99 years. With this plan, you can select the amount of cover and also remain flexible in matching fund options. This is one plan which everybody should take advantage of.