The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.
The company holds Claim Settlement Ratio of 94.95% for 2016/17. Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company.
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Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
It has an exclusive access to around 6 Cr customers and a network of 6000 bank branches of its corporate agents.The in-depth local market knowledge of Canara Bank and Oriental Bank of Commerce coupled with the considerable insurance experience, product range and proven bancassurance capabilities of HSBC make this an unparalleled union of financial strength, expertise and most importantly, trust.To deliver affordable insurance solutions to address the needs of the rural population, the Company has tied up with three Rural Regional Banks (RRBs) .The Company has a Resolution Centre (call centre) at the Head Office that caters to the diverse needs of its customers pan India and has a capability to handle calls in 10 different languages.
Overview Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of the leading public sector banks – Canara Bank (51%) and Oriental Bank of Commerce (23%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world’s largest banking and financial services group – HSBC. The Company has access to over 115 million customers and a pan-India network of over 10,000 branches of bank partners.The formidable distribution strength and in-depth local market knowledge of Canara Bank and Oriental Bank of Commerce coupled with the considerable insurance experience of HSBC make Canara HSBC Oriental Bank of Commerce Life Insurance an unparalleled union of financial strength, expertise and most importantly “Trust”
