Canara HSBC OBC Life Insurance launches iSelect term plan

Canara HSBC Oriental Bank of Commerce Life Insurance today expanded its online product suit with the launch of iSelect term plan meant for family protection.
ISelect term plan provides enhanced protection cover for the family at an affordable premium, the company said in a release.
Canara HSBC OBC Life Insurance claims the product to be highly cost effective. It will cover insured person's spouse as well as family's future income with an option to automatically increase insurance coverage as per changing life stage needs, the company said.
"Our iSelect Term Plan is a pure protection online term plan that provides life insurance cover along with the option to cover against accidental death/ disability," said Anuj Mathur, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company.

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Crompton changes its name to CG Power and Industrial Solutions

Crompton Greaves today said that the company has changed its name to CG Power and Industrial Solutions Ltd.
"Alteration of Memorandum of Association and Articles of Association consequent to change of company name from Crompton Greaves Limited to CG Power and Industrial Solutions Limited", the company said in a BSE filing today.
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Transformers and Rectifiers bags Rs 153 cr order
Transformers and Rectifiers today said that it has received order worth Rs 153 crores from Gujarat Energy Transmission Corp (GETCO).

With this order the company's order book as on date stands around Rs 1020 crore.