Insurance

Life Insurance is an important part of Human Life which secures the risk of life in an unfortunate event. Life Insurance is a security cover that supports one’s Life and family beyond one’s life. To secure the life risk of the customers, Bank has entered into a Corporate Agency Agreement with M/s Canara HSBC Life Insurance Company & M/s Life Insurance Corporation of India for cross selling Life insurance products without risk participation to our customers on referral basis.

Canara HSBC Life Insurance Company Limited, a joint venture owned by our sponsor Bank-Canara Bank along with HSBC Insurance Holding in India which provides insurance policies with affordable premium & better benefits. Based on Appropriateness, Suitability & Preferences of the customers, the following products are offered to our customers:

• Smart Junior Plan
• Smart Future Income Plan
• Guaranteed Savings Plan
• Guaranteed Income Advantage Plan
• Smart Suraksha Plan
• POS- Easy Bhima Plan
• Money Back Advantage Plan

LIC of India (Life Insurance Corporation of India) is the largest and oldest life insurance company in India, established in 1956. It is a government-owned corporation that offers a wide range of life insurance products.

It plays a vital role in promoting life insurance awareness and financial security among the Indian population.

Considering the immense captive potential for General Insurance Business and also with an objective to offer multiples choices of General Insurance products to our esteemed customers, the Bank has entered into corporate agency agreement with three leading Insurance companies
M/s United India Insurance Company Limited (UIIC),
M/s Bajaj Allianz General insurance Co.Ltd (BAGIC) &
M/s SBI General Insurance Company Limited (SBIGIC) to offer their General insurance products to our customer across all the branches.

Insurance company is offering all lines of personal products like Accidental, Motor, Property, Health & Travel and all commercial line of products like Fire, Marine, Engineering, etc., to cover the risks against Accidental Death /Loss &Damages of Assets,properties,vehicles.etc of the Loanee customers, Non Loanee Customers & to also any other prospects.

Health insurance is essential for financial protection against rising medical expenses, ensuring access to quality healthcare without burdening savings. It offers peace of mind during medical emergencies and promotes regular health checkups and early treatment.

We have partnered with Care Health Insurance, a trusted and award-winning health insurer known for its strong service standards and extensive hospital network, helping our customers stay secure and worry-free.