Canara HSBC Life Insurance Company Limited - IPO
MAINBOARDCanara HSBC Life Insurance Company IPO Details
Canara HSBC Life Insurance Company IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Canara HSBC Life Insurance Company IPO Reservation
Promoter Holding
Documents
Canara HSBC Life Insurance Company IPO Valuations
Canara HSBC Life Insurance Company Limited Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 40,316.50 | 37,815.80 | 30,548.89 | 26,548.52 |
| Revenue | 5,265.51 | 7,128.70 | 7,197.38 | 5,889.92 |
| Profit After Tax | 84.89 | 113.32 | 91.19 | 10.24 |
| Net Worth | 1,401.66 | 1,418.88 | 1,353.07 | 1,290.37 |
| Amount in ₹ Crore | ||||
About Canara HSBC Life Insurance Company IPO
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a private life insurance company in India, jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited.
Key Business Verticals:
- Individual Life Insurance (Savings, Endowment, Term Plans)
- Group Insurance Solutions (Credit Life, Protection Plans)
- Retirement & Pension Products
- Government Schemes (PMJJBY)
- Digital Insurance Distribution & Embedded Insurance Partnerships
Canara HSBC Life Insurance offers a portfolio comprising 17 individual products, 7 group products, and 2 optional riders, along with policies under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The company recorded the third-highest individual weighted premium income (WPI) among bank-led insurers between Fiscal 2021 and 2024.
The company has made strong progress in going digital by teaming up with online platforms like Policybazaar and Robinhood Insurance. Between April and December 2024, about 72% of eligible policy applications were completed automatically without any manual work, and more than 99% were done online.
Distribution Channels:
- Bancassurance (including Canara Bank, HSBC, 8 Regional Rural Banks, Dhanlaxmi Bank)
- Brokers and Corporate Agents
- Direct Sales and Digital Platforms
Bancassurance remains the company’s core channel, with access to over 15,700 branches across India. The partnership with Canara Bank alone provides a gateway to 117 million customers through 9,816 branches (as of December 31, 2024).
Strength Of Canara HSBC Life Insurance Company IPO
Risk Of Canara HSBC Life Insurance Company IPO
Objectives Canara HSBC Life Insurance Company IPO
To be announced
Company Contact Details
Canara HSBC Life Insurance Company Limited
8 th Floor, Unit No. 808- 814,
Ambadeep Building, Kasturba Gandhi Marg,
Connaught Place, Central Delhi
Delhi, New Delhi
Phone: +91 01244506761
Email: investor@canarahsbclife.in
Website: http://www.canarahsbclife.com/
Registrar Contact Details
Lead Mangers
SBI Capital Markets Limited
Hsbc Securities & Capital Markets Pvt Ltd
BNP Paribas
Jm Financial Limited
Motilal Oswal Investment Advisors Limited