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CANHLIFE IPO

Canara HSBC Life Insurance Company Limited
Start Date10-10-2025
Application Timing10am-5pm
Price Range₹100 - ₹106
Min Qty140
Min. Investment₹14000
Listing Date17-10-2025
Close Date14-10-2025

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.

Financial Table
Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets44,047.9841,852.0937,815.8030,548.89
Total Income42.35234.01240.88261.59
Profit After Tax23.41116.98113.3291.19
EBITDA31.28149.91146.56118.82
NET Worth1,540.281,516.861,418.881,353.07
Reserves and Surplus 590.28566.86468.88403.07
Strengths And Risks
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Strong Promoter Backing: Canara HSBC Life Insurance is supported by two reputed financial institutions, Canara Bank and HSBC Group, providing strong credibility, financial backing, and long-term business stability.
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Extensive Distribution Network: The company benefits from a wide bancassurance reach with access to over 15,700 branches across India and 117 million customers through Canara Bank’s network.
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Diversified Product Portfolio: It offers a well-balanced mix of savings, protection, pension, and group insurance products, ensuring steady revenue and catering to diverse customer needs.
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Consistent Financial Performance: Canara HSBC Life has shown consistent profitability, with FY25 PAT at Rs. 116.98 crore and a healthy ROE of 7.71%, reflecting operational efficiency and strong business fundamentals.
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Technology-Driven Operations: The company integrates automation, digital tools, and analytics across operations to enhance customer experience and drive efficiency.
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Experienced Management Team: A skilled and experienced leadership team with deep industry knowledge ensures strategic decision-making and sustainable growth.
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Offer for Sale Nature: As the IPO is entirely an Offer for Sale, the proceeds will go to existing shareholders, and the company will not receive any fresh funds for expansion.
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High Industry Competition: The life insurance sector in India is highly competitive, with major players like HDFC Life, SBI Life, and ICICI Prudential posing market challenges.
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Dependence on Bancassurance: A significant portion of business comes from bank partnerships, making the company reliant on the bancassurance channel for growth.
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Economic and Regulatory Risks: Fluctuations in economic conditions or changes in government policies and IRDAI regulations can impact overall business performance.
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Low Insurance Penetration: Although it represents a growth opportunity, low awareness and penetration of life insurance in India could limit short-term expansion.
FAQs
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