Canara HSBC Oriental mops up Rs 171 cr in March

Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd a joint venture among Canara Bank and Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Ltd has crossed the Rs 100 crore-mark in new business in March. The company garnered Rs 171.1 crore during the month, closing fiscal 2009-10 with Rs 861.3 crore in gross written premiums, a growth of 189% over FY 2008-09. Canara HSBC Oriental Bank of Commerce Life Insurance Company s business in terms of gross written premiums stood at Rs 1,160 crore since launch in June 2008. The company has underwritten 135,585 policies since inception. ...

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