Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.177)

177. 

Canara HSBC Oriental Bank of Commerce Life Insurance Company and this bank -launched 'Webassurance', recently.

[A]. HDFC Bank
[B]. Canara Bank
[C]. Punjab National Bank
[D]. Axis Bank

Answer: Option B

Explanation:

Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched 'Webassurance' to enable its customers to purchase life insurance in a convenient and hassle-free way. Total Four life insurance products of Canara HSBC OBC Life would be made available to its customers with various facilities like key needs of child future, savings, and investments, retirement planning and protection. This Life Insurance is jointly owned by Canara Bank (51 percent) and Oriental Bank of Commerce (23 percent) and HSBC Insurance Holdings (26 percent), the Asian insurance arm of HSBC.

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