What we do Canara HSBC Life Insurance is a private Indian insurer offering life, pension, and health products to individuals and groups, leveraging bancassurance and digital channels. |
Founded in 2,007 |
Market share Second largest public sector bank-led life insurer by lives covered, with 2.1% industry market share in FY25. |
Problem solved Provides financial security through protection, savings, and retirement products addressing underinsurance in India. |
Top clients or who we serve Serving individuals, corporates, and groups including banking customers; B2B and B2C segments. |
Key management Anuj Dayal Mathur, Managing Director & CEO, leads with strong industry experience. |
Our journey and innovations Founded in 2007 as a JV with Canara Bank and HSBC; innovated with AI-enabled underwriting and digital customer experiences. |
Where we operate Operations across India through bank branches, rural networks, digital platforms, and regional rural banks. |
Top products or what we offer Term plans, ULIPs, savings, annuities, group credit life; PMJJBY government scheme participant. |
Top brands Canara HSBC Life offers credit life insurance #1 in bancassurance segment, with fast-growing ULIP and annuity products. |
Raw materials needed Not applicable as a financial services company. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue mainly recurring from renewal premiums and fees. |
Our industry position Strong bancassurance presence with growing market share, leveraging Canara Bank and HSBC networks. |
Financial highlights FY25 revenue approx. ₹10,710 Cr; net profit ₹117 Cr; steady YoY growth in premiums and embedded value. |
Geographical revenue split Primarily India, across urban, semi-urban, and rural markets via banks and digital channels. |
Order book Not applicable to insurance operations. |
Whats driving growth Growth driven by bancassurance expansion, digital adoption, protection demand, and regulatory tailwinds. |
Our future plans Expand distribution through agency and digital; focus on protection and retirement solutions; technology investment. |
Our green promise Sustainability via digitalization, energy efficiency, community programs, and planting 4000+ saplings. |
Our people and values Employee-centric with focus on wellness, learning; 36% gender diversity; ethical governance embedded. |
Key challenges ahead Competition, regulatory changes, managing risk assumptions, and maintaining persistency and profitability. |
Interesting facts Industry-first GenAI-powered underwriting; Great Place to Work for 5 consecutive years; multiple industry awards. |
Risks and strategy Mitigates financial, insurance, and operational risks through robust governance, dynamic pricing, and hedging. |
