Kochi: Life insurance company Canara HSBC Oriental Bank of Commerce Life Insurance today announced its partnership with Dhanlaxmi Bank. As part of the tie-up, all the life insurance products of Canara HSBC Oriental Bank of Commerce Life Insurance would be made available to customers of Dhanlaxmi Bank.
Canara HSBC Oriental Bank of Commerce Life Insurance has access to around 115 million customers and a pan-India network of over 9500 branches of the three shareholder banks.
With in-depth local market knowledge, both the companies aim to provide long-term value creation for its customers. As part of the agreement, Dhanlaxmi Bank will be a Corporate Agent for three years.
Anuj Mathur, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited said, ” Our alliance with Dhanlaxmi Bank give us an opportunity to further expand and grow this channel. Our business model enables us to reach out to the vast population spread across the various parts of the country. We continue to focus on meeting customer needs first and ensure that the life insurance solutions are made available to all segments of the population.”
Sreeram, Managing Director & Chief Executive Officer, Dhanlaxmi Bank, said: “ We have consistently enhanced our portfolio to meet the diverse financial needs of customers and this alliance is a step in that direction. With this, customers of Dhanlaxmi Bank will get access to bouquet of products, which would cover their core financial needs and deliver good value through the range of solutions that the company offers.”