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Canara HSBC Life Insurance Company Limited
2.29xsubscribed

Canara HSBC Life Insurance Company Limited

Insurance
listed
â‚ą14,000Min. investment

Canara HSBC Life Insurance Company Limited IPO Details

SectorInsurance
Price range₹100 – ₹106
IPO type
Regular
Lot size140 shares
Issue sizeâ‚ą2,517Cr
Red Herring Prospectus
Read
Market cap
â‚ą10,070CrLower than sector avg
RevenueApr 2024 - Mar 2025
â‚ą8,027.46CrLower than sector avg
Growth rate3Y CAGR
5.61%Higher than sector avg

Canara HSBC Life Insurance Company Limited Subscription Status

Date
QIB
NII
Retail
Total
10-Oct-25
0.0 times (X)
0.05 times (X)
0.14 times (X)
0.09 times (X)
13-Oct-25
0.02X
0.14X
0.28X
0.27X
14-Oct-25
5.91X
0.31X
0.41X
2.29X

As on 10-Oct-25, 5:30 PM

Canara HSBC Life Insurance Company Limited Timeline

  1. Pre-apply
    8 Oct 2025
  2. Bid start
    10 Oct 2025
  3. Bid end
    14 Oct 2025
  4. Allotment
    15 Oct 2025
  5. Release of funds
    16 Oct 2025
  6. Demat transfer
    16 Oct 2025
  7. Listing
    17 Oct 2025

About Canara HSBC Life Insurance Company Limited

Incorporated in 2007, Canara HSBC Life Insurance is a private life insurer in India, jointly promoted by Canara Bank, India’s fourth largest public sector bank, and HSBC Insurance (Asia-Pacific) Holdings Limited, part of the globally recognised HSBC Group. Over the years, the company has grown into a prominent bank-led private player in the Indian life insurance sector.
According to the CRISIL report, the company’s individual weighted premium income (“WPI”) collected grew the third-highest amongst bank-led insurers between FY22 and FY25, while it had the third-highest assets under management amongst public sector bank-promoted life insurers, as at March 31, 2025.
Canara HSBC Life Insurance has bancassurance tie-ups with Canara Bank, HSBC India, and seven associate regional rural banks that provide it with a wide network of more than 15,700 branches in India. Bancassurance remains the business driver accounting for 92.33% of the company's new business premium as of June 30, 2025. The company has a multi-channel distribution network of brokers, corporate agents, and direct sales, which includes sales on digital platforms.
The company’s offerings primarily include saving and endowment plans, term (pure protection) plans, retirement solutions, group credit life and protection plans. It has a product portfolio comprising 20 individual products, 7 group products, and 2 optional rider benefits. These products have comprehensive protection, guaranteed income and market-linked growth features. Product mix during FY25 comprised 53.68% unit-linked (ULIP), 20.04% non-participating savings, 8.69% participating, and 13.11% annuity business, revealing strategic diversification across the customer base.
The company also engages in social insurance under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Canara HSBC Life's business model has been driven by digital transformation. Over 99.70% of policy requests were digitally processed as of June 30, 2025, of which 67% utilised straight-through processing (fully automated issue without manual intervention). The 13th-month persistency ratio stood at 84.25% for Q1FY26, improving by over 900 bps over FY23, while the 61st-month persistency ratio increased to 58.20%.
Canara HSBC Life's technology-based solutions include the use of AI, predictive analytics, and automation in customer acquisition, underwriting, and renewal. The company has developed solutions like 'Compass' for sales management and in-built predictive models for early claims identification and customer retention. These technologies have enhanced operating efficiency, wherein 86.56% of service requests and 80.83% of communications are now processed through digital interfaces in Q1FY26.
The total premium for life insurers is expected to log 8% to 10% CAGR over the next 4 years ending fiscal 2028, while bank-led insurers are expected to grow faster at 10% to 12% CAGR over the same period in the Indian Life Insurance Sector. Canara HSBC is well-positioned to benefit from this growth, given its strong bancassurance network covering 15,700+ branches and access to 11.7 crore banking customers through Canara Bank, HSBC India, and regional rural banks, with over 90% of new business premiums sourced via bancassurance, which positions the company to effectively reach India’s expanding young and insurable population.
The company is aiming to enhance penetration in its existing distribution network, diversify its revenue stream. To promote rural insurance products, the company is actively collaborating with local non-government organisations. Additionally, it continues to leverage technology and analytics to enhance productivity and improve consumer experience.
Now, Canara HSBC Life Insurance is launching its initial public offering (IPO), which is a complete offer for sale of â‚ą2,517.50. Its shares will be listed on the NSE and BSE.

Canara Hsbc Life Insurance Company Limited IPO Analysis

IPO REVIEW

Canara HSBC Life Insurance Company Limited | Analysis Video

Should you apply?

Watch our analysts break down the Canara Hsbc Life Insurance Company Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Strong parentage and trusted brand equity

Promoted by Canara Bank (51%) and HSBC Insurance (Asia-Pacific) Holdings (26%), the company benefits from the credibility, vast network, and financial expertise of two globally recognised financial institutions. Together, Canara Bank and HSBC India contributed 82.17% of the company’s new business premium as of June 2025. Customer focus has driven its NPS up from 50 in FY23 to 75, while 13th-month persistency ratios improved from 75.33% in FY23 to 84.25% in Q1FY26, which is among the highest gains among bank-led insurers.

Multi-channel distribution network

The company operates a diversified distribution model with bancassurance, brokers, and direct sales, ensuring broad market reach and cost efficiency. Its strategic tie-ups with Canara Bank, HSBC, seven regional rural banks, and other partners provide access to 15,700+ branches and 11.7 crore customers nationwide.

Diversified product portfolio

The insurer offers 20 individual and 7 group products, and 2 optional rider benefits, covering protection, savings, annuity, and ULIPs. It held the third-highest share of non-linked non-participating premiums and the second-highest average premium size among PSU-led life insurers in FY25. The company’s sum assured grew at a CAGR of 19% from FY23–25. Claims settlement ratio improved to 99.38%, with average settlement time down to 5.33 days in Q1FY26.

Technology-driven operations

The company has heavily invested in automation and digital analytics, with IT expenses forming 1.16% of FY25 revenue, among the highest in its peer group. 87.08% of service requests were handled digitally in FY25, reducing turnaround times for non-financial services to one day.

Objectives of Canara Hsbc Life Insurance Company Limited IPO

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPOâ‚ą8,027.46Cr5.61%â‚ą116.98Crâ‚ą10,070Cr86.18
This sector (avg.)â‚ą83,517.54Cr0.04%â‚ą4,173.52Crâ‚ą1,27,279.39Cr51.45
â‚ą8,91,180.01Cr---â‚ą43,514.24Crâ‚ą5,21,496.1Cr10.21
â‚ą1,19,628.08Cr---â‚ą2,413.3Crâ‚ą2,00,415.5Cr80.86
â‚ą97,287.61Cr---â‚ą1,810.82Crâ‚ą1,57,682.3Cr83.40

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Canara HSBC Life Insurance Company Limited Contact Details

Company NameCanara HSBC Life Insurance Company Limited

How to apply for Canara HSBC Life Insurance Company Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Canara Hsbc Life Insurance Company Limited IPO FAQs

Investors can apply for the Canara HSBC Life Insurance Company Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Canara HSBC Life Insurance Company Limited is 2517 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Canara HSBC Life Insurance Company Limited will be open between 2025-10-10 and 2025-10-14.
Canara HSBC Life Insurance Company Limited allotment date is 2025-10-16. For Canara HSBC Life Insurance Company Limited allotment status check, you can visit the website of the registrar of the IPO.
For Canara HSBC Life Insurance Company Limited, the IPO registrar is KFin Technologies Limited. You can check Canara HSBC Life Insurance Company Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Canara HSBC Life Insurance Company Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Canara HSBC Life Insurance Company Limited lot size is 140 and minimum order quantity is 140.
Canara HSBC Life Insurance Company Limited has set the price band for its IPO at 106 per equity share with a face value of 10.