Canara HSBC Life Insurance IPO 
IPO Timeline
About Canara HSBC Life Insurance IPO
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a leading private sector life insurance company in India, promoted by Canara Bank and HSBC Insurance (Asia Pacific). The company operates on a robust bancassurance based model, leveraging partnerships with Canara Bank, Punjab National Bank, HSBC India, and seven regional rural banks, covering over 15,700 branches across Tier 1 to Tier 3 cities. As of June 30, 2025, Canara HSBC Life Insurance has provided coverage to over 10.51 million lives and manages assets worth ₹43,639.50 crore, with a healthy solvency ratio of 200.42%, well above the regulatory benchmark. The company’s diversified product portfolio includes 20 individual and seven group products, along with ULIPs, annuities, pension, and protection plans, catering to varied customer needs. With a strong distribution reach, consistent profitability, and growing digital adoption, the Canara HSBC Life Insurance IPO presents a promising long-term investment opportunity.
Canara HSBC Life Insurance IPO Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Cult.fit IPO Financial Status
| Particulars (in ₹ Crore) | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44,047.98 | 41,852.09 | 37,815.80 | 30,548.89 |
| Total Income | 42.35 | 234.01 | 240.88 | 261.59 |
| Profit After Tax | 23.41 | 116.98 | 113.32 | 91.19 |
| EBITDA | 31.28 | 149.91 | 146.56 | 118.82 |
| Net Worth | 1,540.28 | 1,516.86 | 1,418.88 | 1,353.07 |
| Reserves and Surplus | 590.28 | 566.86 | 468.88 | 403.07 |
Canara HSBC Life Insurance IPO SWOT Analysis
Strengths
- Strong backing from Canara Bank and HSBC Insurance (Asia Pacific), enhancing credibility and financial stability.
- High claim settlement ratio averaging 98.95% over the past three years.
- Diversified insurance portfolio offering life, health, protection, and retirement products.
- Extensive distribution network through 100+ branches and 15,700+ partner bank branches.
- Strong solvency margin (200.42%) ensures robust financial health and liquidity.
- Focus on digital transformation for customer servicing and operational efficiency.
- Consistent profitability for over a decade and scope for rural market expansion.
- Growth potential through strategic partnerships and product innovation.
Risks
- Limited brand visibility compared to larger private insurers like HDFC Life and SBI Life.
- Heavy dependence on bancassurance channels, restricting diversification in distribution.
- Intense competition from established private and public insurers in India.
- Regulatory changes and compliance updates could impact profitability and growth.
- Economic slowdowns may affect premium inflows and policy renewals.
- Cybersecurity and technology risks amid increasing digitization.
- High complaint ratio compared to industry peers, though steadily improving.
- Dependence on key managerial personnel for strategic initiatives.
Frequently Asked Questions
What is the issue size of Canara HSBC Life Insurance IPO ?
The issue size for Canara HSBC Life IPO is ₹2,517.50 Cr |
