About Canara HSBC Life Insurance Company Limited
Canara HSBC Life Insurance Company Limited was incorporated in 2007 and operates as a private life insurance company in India. It is jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.
The company offers a comprehensive portfolio that includes 20 individual products, 7 group products, and 2 optional riders, covering areas such as savings, protection, retirement, and group insurance plans. Additionally, it offers government-backed schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
Canara HSBC Life Insurance has established a strong multi-channel distribution model comprising bancassurance, brokers, corporate agents, and digital platforms. Bancassurance remains the company’s core strength, leveraging over 15,700 branches nationwide through partnerships with Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank.
As of FY25, the company holds the third-highest individual weighted premium income (WPI) among bank-led life insurers in India, supported by trusted parentage, consistent profitability, and a tech-driven business model.
Why To Invest in Canara HSBC Life Insurance Company Limited
Investing in the Canara HSBC Life Insurance IPO provides an opportunity to become part of a trusted and rapidly growing life insurance company backed by two strong and reputed promoters Canara Bank and HSBC Group. The company enjoys a solid brand reputation, offering investors confidence and long-term stability. With an extensive distribution network of more than 15,000 branches across India, Canara HSBC Life has established a wide customer reach through strong bancassurance partnerships.
The company has maintained consistent financial growth, with its profit after tax (PAT) rising by 3% in FY25, reflecting steady performance and profitability. Its diversified product portfolio includes savings, protection, group, and pension plans that cater to a wide range of customer needs. Moreover, the company’s focus on digital transformation through the integration of advanced technology, automation, and data analytics has enhanced operational efficiency and customer experience.
Additionally, India’s life insurance sector continues to offer immense potential for future growth, as insurance penetration in the country remains significantly lower compared to global standards. This creates a favorable environment for Canara HSBC Life Insurance to expand its market presence and strengthen its position in the industry.
Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
---|---|---|---|---|
Assets | 44,047.98 | 41,852.09 | 37,815.80 | 30,548.89 |
Total Income | 42.35 | 234.01 | 240.88 | 261.59 |
Profit After Tax | 23.41 | 116.98 | 113.32 | 91.19 |
EBITDA | 31.28 | 149.91 | 146.56 | 118.82 |
NET Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
Reserves and Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
Explore Other Products