Canara HSBC Life Insurance partners with West Bengal Gramin Bank (WBGB) to deepen rural insurance coverage

Key facts

• Canara HSBC Life Insurance Company Limited (Canara HSBC Life Insurance) has entered into a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB).
• Canara HSBC Life Insurance will offer its life insurance solutions through the network of 960 branches of WBGB across West Bengal.
• Canara HSBC Life Insurance is a joint venture promoted by Canara Bank (36.5 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5 per cent), with Punjab National Bank (PNB) holding 13 per cent as an investor.
• Incorporated in 2007, Canara HSBC Life Insurance has its corporate office in Gurugram, Haryana, and 107 branch offices as of March 31, 2026.
• The collaboration aims to provide protection, savings, long-term wealth creation, and family financial security solutions to customers in rural and semi-urban regions of West Bengal.