Canara-HSBC-Oriental insurance JV report Rs 299 cr in gross...

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited a partnership between two of India s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited reported Rs 298.7 crore in gross written premiums for the nine and a half months ended 31 March 2009. The company s sales have risen progressively since its launch in June 2008, reaching Rs76.2 crore of gross written premiums in the month of March 2009. Harpal Karlcut, chief executive officer of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, said, This achievement is the result ...

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