Canara HSBC OBC Life Insurance partnered with Andhra Pragathi Grameena Bank

Published on August 31, 2020
Current Context: The Canara HSBC OBC Life Insurance has entered into a partnership with Andhra Pragathi Grameena Bank(APGB).
Canara HSBC OBC Life Insurance partnered with Andhra Pragathi Grameena Bank

  • The partnership is made to sell insurance policies related to life, health and pension of Canara HSBC OBC Life Insurance at branches of APGB.
  • Canara HSBC OBC Life Insurance is a joint sector of Canara Bank and Punjab National Bank and HSBC. 
  • During the initial phase of this partnership, 20 insurance products will be offered to the APGBs customers and later on, the partnership will be enhanced in tier 2 and tier 3 markets.
  • The Canara HSBC OBC Life Insurance aims to connect with rural India and to offer them financial benefits during this pandemic situation of COVID-19.
  • Static Part: 
    • HQ of Canara HSBC OBC Life Insurance: Gurugram, Haryana
    • HQ of APGB: Kadapa, Andhra Pradesh

Question: 

Q.1 Which of the following insurance company to sale their insurance policies to the customers of Andhra Pragathi Grameena Bank?
a. Aviva Life Insurance
b. Canara HSBC OBC Life Insurance
c. Aditya Birla Sun Life Insurance
d. LIC

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