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>> Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

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Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

At Canara HSBC Life, we believe in providing our customers simplicity and excellence. We will consistently strive to simplify all aspects of our customers dealings with us at the same time offering products and services that are "best in class" in the

insurance market.

The shareholding pattern of the Joint Venture is as follows - Canara Bank holds 51% equity, HSBC Insurance (Asia Pacific) Holdings Ltd 26% and Oriental Bank of Commerce 23%. The Venture has an initial paid up capital of INR 325 crores which will further increase in line with our expansion plans.

The Company commenced business 16th of June, 2008 after receiving requisite approvals from the Insurance Regulatory Development Authority (IRDA). Canara HSBC Life has access to a distribution network of over 4100 branches all over India.