Canara HSBC OBC Life Insurance Company is a JV of two of country’s largest public sector banks and has vast network offering a wide range of life insurance solutions, plans suited for meeting individual’s personal requirement.
The company offers complete protection to the policyholder and his family in case of an unanticipated event. The various plans offered by the company promise best financial safety in case of sudden demise of the insured. For the company, is all about providing the customers with protection and social security.
Life insurance is a crucial investment which an individual must think about. Life insurance provides financial safety to your family members even after your demise. Apart from providing financial security, life insurance also provides different ways through which one can generate wealth as well. The Indian life insurance industry is growing at a rapid pace and has also shown notable benefits in the recent past. Talking about Canara HSBC OBC Life Insurance Company, you should know that it’s one of the old and veteran insurance companies. It’s a trusted life insurance brand catering to all life insurance plans.
The Brand’s Promise
As the company’s tagline “Aapke Vaade Sar Ankhon Par”, the company strive to deliver its promise by providing awareness about proactive planning with respect to financial needs for child future, unforeseen circumstances, and retirement. The company believes that Life Insurance isn’t just a product; it’s a promise which a one makes to a loved one for securing their future and getting their aspirations fulfilled. Canara HSBC Oriental Bank of Commerce Life Insurance values the promises of their customers and intends to partner with them in their journey of fulfilling promises.
Why Canara HSBC OBC Life Insurance Company
The in-depth market knowledge and a proven track record coupled with the product range and established bancassurance capabilities of HSBC ensure that the company continues to lead life insurance business in India. The company has access to around 6 crore customers and a network of over 8000+ branches across the country of HSBC, Oriental Bank of Commerce and Canara Bank. And due to this wide reach and level of expertise and reliability, makes Canara HSBC OBC Life Insurance Company one of the most efficient players in the Indian insurance space. Since its inception, the investment strategy of the company has surpassed benchmarks across all the funds. Moreover, the customer-centric services ensure that all of their customer grievances are answered promptly and effectively. An association of these three big players is a great boon to the Indian insurance sector because of their well-renowned and trustworthy background.
Customer-centric and result oriented
Launched in the year June 2008, Canara HSBC OBC Insurance Company aims to provide affordable insurance plans to the urban as well as rural population. For this purpose, the company has tie-ups with Karnataka; Shreyas Gramin Bank, Pragathi Gramin Bank, Uttar Pradesh; and South Malabar Gramin Bank. The company has call centers with resources to handle 10 languages. It has won several awards in the recent past and continues to do so. In the year 2017, the company won several awards which include ‘Award for Excellence in Customer Service’, ‘Information Technology Leadership’, Consumer Education Initiative’, etc.
For enabling the customers to pay their premiums in a secure and a hassle-free manner, the company has in place several online payment methods. These methods are particularly convenient as they help to eliminate the need of visiting a bank or insurer’s branch physically for paying premiums. Policyholders can use these options for paying their premiums with just click of a button.
What Canara HSBC Life Insurance Offers?
- The Company helps a lot to generate funds also. With it, an individual could select an effective life insurance policy which is best for investment and could provide huge returns. When one invests in such type of plans, it will assist him in generating funds which would be helpful for his growth and financial freedom.
- They’re one the fastest Indian life insurance companies till date in light premium income to cross INR 500 Cr, INR 1000 Cr, INR 1500 Cr, and INR 2000 Cr benchmark.
- The Company has a vast customer base exceeding 6 crore customers with an extensive network of more than 6000 bank branches.
- The company also has exhaustive local market knowledge of Canara Bank and Oriental Bank of Commerce, together with product range, bancassurance, and insurance experience and efficiency of HSBC. It’s an unmatched union of financial proficiency, potency, and trust.
- With the help of their judicious investment strategies, the Company has exhibited reliable and successful fund performance. The Company is doing exceeding well across all fund.
The company offers a wide range of insurance plans to its customers which are intended for meeting their diverse financial goals. The offerings by the company could be classified into 4 distinct categories: Traditional Plans, Online Plans, Group Plans, and ULIP Plans. These insurance plans not just offer policyholders with the life cover but also certain investment alternatives if desired.
The company offers traditional plans which include term, whole life policies, endowment and offer multi-fold benefits in terms of return, risk cover and safety. Some of the traditional plans are listed below:
Jeevan Nivesh Plan: It’s a savings-cum-protection plan which offers whole life protection and enables legacy planning with the help of wealth creation.
Money Back Advantage Plan: It’s a plan which ensures benefit payouts at certain key milestones during the term of the policy together with a lump-sum guaranteed at maturity.
The company also offers online plans enabling its customers to receive a maximum advantage. As an individual, you can buy the insurance policies with just a few clicks from the comfort of your home. Some of the online policies are:
iSelect Term Plan: It’s an online term insurance plan which provides policyholders enhanced protection options like Terminal Illness Cover and cover against death and disability. The plan also provides an option for ensuring regular income for the policyholder’s family in case of any unexpected circumstances.
iNvest Shield Plan: It’s an online Unit-Linked Insurance Plan offering affordable monthly premiums which not just secures the needs of policyholder’s family but also fulfills their dreams, creates wealth and offers double protection in terms of Life coverage along with additional benefit in case of accidental death.
