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Canara HSBC Oriental Bank of Commerce Partners with Dhanlaxmi Bank
July 12, 2017
Canara HSBC Oriental Bank of Commerce Life Insurance has inked a pact with Dhanlaxmi Bank as per which all of its life insurance products will be made available to the customers of the private sector lender and sold by the staff members who have the relevant license.
Anuj Mathur, who is the chief executive officer of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, said that the bancassurance products, especially the traditional ones, have been showing remarkable growth. He said that the bank’s growth rate was 40% in the previous fiscal and for the first quarter of the current fiscal, it has already touched a 50% mark.
