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New Delhi: Canara Bank launches portal for insurance

New Delhi: Canara Bank launches portal for insurance

India Blooms News Service | @indiablooms | 27 Apr 2019, 11:21 am

New Delhi, Apr 27 (UNI) Public sector bank Canara Bank and their life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance announced the launch of ‘Webassurance’ to enable bank customers to purchase life insurance through a seamless journey starting from the bank’s website, a statement here on Saturday said.

"Webassurance is a significant step towards providing the bank’s customers a one-stop, convenient online solution empowering customers to address their financial needs through a completely digital and paperless process," said Canara Bank Managing Director & Chief Executive Officer R A Sankara Narayanan in a statement.

Four life insurance products of Canara HSBC Oriental Bank of Commerce Life Insurance would be made available to customers of Canara Bank, covering the key needs of child future, savings and investments, retirement planning and protection.

The launch of this initiative is in line with the Company’s strategy of expanding its distribution reach to cover all segments of the bank’s customers, across all channels or touchpoints through which they engage with the Bank.

Image: UNI