Page 56 - Insurance Times May 2019

Poll Do you think the Insurtech will distrupt insur-
Glossary

ance selling in India

Yes Results of Poll in our April 2019 Issue

No Do you think proposal to remove practical
training of Insurance Surveyor is correct
Can’t say

You may send your views to :
Disability Income - Long-Term Yes 100
Policies that provide a weekly or Poll Contest, The Insurance Times No 00
monthly income benefit for more than 25/1, Baranashi Ghosh Street, Kolkata - 700 007
Phone : 2269 6035, 2218 4184, 4007 8428
five years for individual coverage and Email: insurance.kolkata@gmail.com Can’t say 00
more than one year for group coverage
for full or partial disability arising from Canara Bank, life insurance arm launch 'Webassurance'
accident and/or sickness.
Public sector lender Canara Bank and its life insurance partner Canara HSBC
Disability Income - Short-Term Oriental Bank of Commerce Life Insurance Saturday announced the launch
Policies that provide a weekly or of 'Webassurance'. Four life insurance products of Canara HSBC OBC Life
monthly income benefit for up to five would be made available to customers of Canara Bank, covering the key needs
years for individual coverage and up to of child future, savings and investments, retirement planning and protection,
one year for group coverage for full or a release issued here said.
partial disability arising from accident Canara Bank Managing Director and CEO R A Sankara Narayanan said, "There
and/or sickness. is a large and rapidly growing section of our customers who are digitally savvy
and prefer to engage online for their banking requirements. This customer
Dividend segment also likes to have control over their purchase process and look for
A refund of a portion of the premium convenient availability of products and services online". He said, with
paid by the insured from insurer
Webassurance the bank will be able to service the protection needs of its
surplus.
younger and net-savvy customers.
Domestic Insurer Canara HSBC OBC Life is jointly owned by two public sector banks Canara Bank
An insurance company that is domiciled (51 per cent) and Oriental Bank of Commerce (23 per cent) and HSBC Insur-
and licensed in the state in which it sells ance (Asia Pacific) Holdings (26 per cent), the Asian insurance arm of bank-
insurance. ing and financial services groups HSBC.

56 The Insurance Times, May 2019