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. Incorporated in 2007, the company offers a diversified portfolio of protection, savings, retirement, and group insurance products designed to meet the evolving needs of individual and corporate clients.
Key Business Verticals:
- Individual Life Insurance: Savings, endowment, term, and protection-oriented products.
- Group Insurance Solutions: Credit life and protection products for institutions and corporates.
- Retirement & Pension Products: Long-term investment and annuity solutions.
- Government Schemes: Insurance cover under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
- Digital & Embedded Insurance Partnerships: Seamless insurance distribution through online platforms and partner integrations.
The company’s product suite includes 17 individual products, 7 group products, and 2 optional riders, offering comprehensive life and protection coverage. As per the RHP, it ranked third among bank-led life insurers in individual weighted premium income (WPI) between Fiscal 2021 and Fiscal 2024, underscoring its strong presence in the bancassurance segment.
Canara HSBC Life has accelerated its digital journey by collaborating with online platforms like Policybazaar and Robinhood Insurance to enhance accessibility and convenience. Between April and December 2024, approximately 72% of eligible policy applications were processed automatically, while over 99% were completed digitally, reflecting significant operational efficiency and technological advancement.
Distribution Channels:
- Bancassurance: Core distribution channel leveraging relationships with Canara Bank, HSBC, 8 Regional Rural Banks, and Dhanlaxmi Bank.
- Brokers and Corporate Agents: Expanding market outreach through institutional and retail partners.
- Direct & Digital Sales Platforms: Enhancing customer access via online channels and direct engagement.
Bancassurance remains the backbone of the company’s distribution, providing access to over 15,700 branches across India. The partnership with Canara Bank alone offers access to 117 million customers through 9,816 branches (as of December 31, 2024).
With a balanced mix of traditional and digital distribution, Canara HSBC Life continues to strengthen its position as a trusted, technology-driven life insurer, combining the reach of leading banks with a growing digital presence.
Canara HSBC Life Insurance IPO – Details
| IPO Opening Date | 10 October 2025 |
| IPO Closing Date | 14 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 23,75,00,000 Shares Worth ₹[] Crore Offer For Sale: 23,75,00,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Canara HSBC Life Insurance IPO – Date Schedule
| IPO Open Date | 10 October 2025 |
| IPO Close Date | 14 October 2025 |
| Basis of Allotment | 15 October 2025 |
| Initiation of Refund | 16 October 2025 |
| Credit of Shares to Demat Account | 16 October 2025 |
| IPO Listing Date | 17 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 14, 2025 |
Canara HSBC Life Insurance IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- The company has an established parentage and a trusted brand, amplifying customer attraction.
- The company has a multi-channel distribution network with pan-India presence.
- The company provides long-term value creation driven by consistent and profitable financial performance.
- The company has a diversified product portfolio with a focus on customer centricity, enabling growth across the business cycles.
- The company has a technology-integrated business platform with a strong focus on automation and digital analytics, leading to a prudent risk management framework.
- The company has an experienced management team supported by a team of dedicated professionals.
Company Promoters
- Canara Bank
- HSBC Insurance (Asia-Pacific) Holdings Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹8,354.49 Cr | ₹8,339.21 Cr | ₹15.28 Cr | – |
| 31 March 2024 | ₹11,755.72 Cr | ₹11,680.07 Cr | ₹75.65 Cr | – |
| 31 March 2025 | ₹10,626.40 Cr | ₹10,545.24 Cr | ₹81.16 Cr | – |
| 30 June 2025 | ₹3,612.81 Cr | ₹3,621.54 Cr | -₹8.73 Cr | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.71% |
| ROCE | – |
| Debt/Equity | – |
| RoNW | 8.18% |
| PAT Margin | – |
| EBITDA Margin | – |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- The IPO is a complete offer for sale, aimed at providing an exit opportunity to existing shareholders and achieving the benefits of listing on the stock exchanges. The company will not receive any proceeds from the offer.
Canara HSBC Life Insurance IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | SBI Life Insurance Company Limited | 74.16 |
| 2 | 10 | HDFC Life Insurance Company Limited | 90.27 |
| 3 | 10 | ICICI Prudential Life Insurance Company Limited | 73.66 |
✅Strengths
- Backed by strong promoters – Canara Bank and HSBC, providing brand trust and financial stability.
- Wide bancassurance network across 15,700+ branches, driving strong customer reach.
- Ranked among the top three bank-led life insurers in individual WPI (FY2021–2024).
- Strong customer retention with NPS rising to 75 and persistency ratio improving to 84.25%.
- Diversified product portfolio and fast-growing digital channels – over 99% policies processed online.
⚠️Risks
- Heavy reliance on bancassurance partners for new business.
- Sensitive to market volatility and interest rate changes.
- Exposed to regulatory changes and compliance requirements.
- Faces intense competition from private and public insurers.
- Increasing cybersecurity and operational risks due to high digital dependence.
Canara HSBC Life Insurance IPO Promoter Holding
| Pre Issue Share Holding | 62.93% |
| Post Issue Share Holding | – |
Canara HSBC Life Insurance IPO Prospectus
Company Contact Information
| Canara HSBC Life Insurance Co.Ltd. 8 th Floor, Unit No. 808- 814, Ambadeep Building, Kasturba Gandhi Marg, Connaught Place, Central Delhi Delhi, New Delhi, 110001 Phone: +91 01244506761 Email: investor@canarahsbclife.in Website: http://www.canarahsbclife.com/ |
Canara HSBC Life Insurance IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://ipostatus.kfintech.com/ |
Canara HSBC Life Insurance IPO Lead Manager(s)
| 1. BNP Paribas 2. JM Financial Limited 3. SBI Capital Markets Limited 4. Motilal Oswal Investment Advisors Limited 5. HSBC Securities & Capital Markets (India) Private Limited |
Canara HSBC Life Insurance IPO FAQs
| What is Canara HSBC Life Insurance IPO? Canara HSBC Life Insurance IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Canara HSBC Life Insurance IPO open? The IPO is to open on 10 October 2025 for QIB, NII, and Retail Investors. |
| What is Canara HSBC Life Insurance IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Canara HSBC Life Insurance IPO Size? Canara HSBC Life Insurance IPO size is ₹[] Crore. |
| What is the Canara HSBC Life Insurance IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the Canara HSBC Life Insurance IPO Allotment Date? Canara HSBC Life Insurance IPO allotment date is 15 October 2025. |
| What is the Canara HSBC Life Insurance IPO Listing Date? Canara HSBC Life Insurance IPO listing date is 17 October 2025. The IPO is to be listed on BSE and NSE. |
