Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks – Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) – and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world's largest banking and financial services groups – HSBC.
With a combined experience of over 300 year in the financial services space in the country, the shareholder have a sound understanding of the socio-economic needs of the population. Backed by thorough research, they launched a pure bancassurance model, a first in India, with each aspect of the business tailored to the specific needs of the distributing banks including products, training, operational & service support and integration with bank sales processes resulting in an efficient, low cost, distribution model.
The Company's business strategy testifies thorough understanding of the market especially with veterans looking for bank partner or scaling up their bancassurance channels.
Future Generali India Insurance is a joint venture between the Future Group – the game changers in Retail Trade in India and Generali – a 186 years old global insurance group featuring among the world’s 50 largest companies*.
The company commenced business in September 2007 with the objective of catering to a country which was on the threshold of explosive expansion. Future Generali India has been aptly benefitting from the Indian expertise and network of Future Group and the global insurance insight in diverse product classes of Generali Group.
It provides a comprehensive solution to customers and enterprises through retail, commercial, personal and rural product offerings. The company reaches out to customers through more than 6,100 advisors and FG Direct channels across the country and insures over 2200 corporate clients. Having firmly established its credentials in this segment, Future Generali, effectively leveraging on the skill set of both its JV parents, has evolved to become a Total Insurance Solutions Company.
Our competitive edge, extensive range of general insurance products, wide network, claim servicing capabilities and the ability to provide all possible general insurance solutions under one roof, makes us the most preferred partner for our customers
Headquartered in Mumbai, IndiaFirst Life Insurance, with a paid-up share capital of INR 625 crore, is one of country's youngest life insurance company promoted by two large public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General. It launched its operations nationwide in March, 2010, by Shri Pranab Mukherjee, President of India and then, former Minister of Finance. IndiaFirst believes in differentiating through simple, easy to understand products that are fairly priced and efficiently serviced. IndiaFirst Life today is present in over 1000 cities and towns across the country through over 10,000 points of sale. It has over INR 10,000 crores of assets under management (AUM) as of 4th October 2016. The product range covers, needs of security/ protection (term insurance), savings and wealth.
IndiaFirst also has a wide range of group insurance products ranging from credit life, term and employee liability (gratuity and leave encashment) plans. IndiaFirst Life Insurance brings together a real understanding of the Indian consumers by the promoter banks with international best practices developed by Legal & General. Bank of Baroda holds a 44 per cent stake in IndiaFirst, while Andhra Bank and Legal & General hold a 30 per cent and 26 per cent stake respectively.
Bajaj Allianz Life Insurance is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world. Bajaj Allianz Life Insurance Company was incorporated on 12th March 2001 and started its operations on 3rd August 2001 with a commitment to offer premium financial solutions providing financial security to individuals and their families. It is one of India's leading private life insurance companies today. The Company has developed insurance solutions that cater to all kinds of customer needs from ULIPs to Child plans, and from group insurance to health insurance.
Vision: 'To be the most admired life insurance company by securing the financial future of our customers'
Mission: We are an honest life insurance company, committed to doing what is right.
We serve our customers through Long Term Savings, Protection and Retirement Solutions, delivered by our high quality Agency and Multi Channel Distribution Partners
We are business with strong social relevance and contribute to society by supporting causes in health and well-being
- Caring :Listens with respect and values differences – Acts with compassion
- Credibility : Demonstrates knowledge and creates trust in others
- Collaborative : Works together to achieve results
- Excellence :Pursues highest quality