Canara HSBC Life Insurance
Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (36.5 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5 per cent). Punjab National Bank is also a shareholder of the Company, holding 13% as an investor, while the remaining 25% is held by other public shareholders and other investors. As a bancassurance-led insurance company with its corporate office at Gurugram, Haryana and more than 100 branch offices as of September 30, 2025, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks.
For more than 17 years now, Canara HSBC Life Insurance has sold insurance products to customers through multiple channels and a well-diversified network of Canara Bank, HSBC Bank and its other bancassurance partners located in multiple [Tier 1, 2 and 3] cities across the country. Canara HSBC Life Insurance has a vast portfolio of life insurance solutions and offers various products across individual and group spaces comprising of life, term plans, retirement solutions, credit life and employee benefit segments through partner banks and digital.
With an aim to provide simpler insurance and faster claim process, Canara HSBC Life Insurance intends to keep the promises of their customers alive with their “Promises Ka Partner” philosophy.
Company Details
| Serial No. | Particulars | Details |
|---|---|---|
1 | Name | Canara HSBC Life Insurance Company Limited |
| 2 | CIN | U66010DL2007PLC248825 |
3 | Registered Office | 8th Floor, Unit No. 808-814, Ambadeep Building, Kasturba Gandhi Marg, New Delhi – 110001 |
4 | Corporate Office | 35th Floor, M3M IFC, Sec 66, Gurugram – 122002
|
5 | Telephone No. | Registered Office: 011-49512300 Corporate Office: 0124-4506700 |
6 | Contact Details in case of any queries or grievances | Vatsala Sameer Email ID - investor@canarahsbclife.in |
Our Journey: A Look Back at Key Milestones
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
License to start life insurance business & commence business operations
Achieved ₹5,000M in new business premium in the 2nd year (CRISIL Report)**
Achieved 0.11 million new policy sales
Achieved ₹20,000 million total premium
Crossed ₹50,000M Total Premium & ₹1,600B Sum Assured
Crossed ₹250B AUM & declared ₹285M dividend
Rebranded as Canara HSBC Life Insurance
Hit ₹50,000M embedded value, paid ₹2,318.78M bonus & covered 8.86M lives
Declared 2,500.00M bonus for policyholders for fiscal year 2025
Publically listed on the Indian stock exchanges.
Meet Our Leaders
Anuj Dayal Mathur
Managing Director & Chief Executive Officer
Anuj, a founder member of the company. He has worked in various leadership roles in legal, compliance and as CFO before becoming the MD & CEO of the Company in June 2015.
Tarun Rustagi
Chief Financial Officer
Tarun carries over 20 years of extensive financial, operational and strategic experience. Being in industry since 2002, he has worked with some of the leading Life Insurance brands.
Jyoti Kartarsingh Vaswani
Chief Investment Officer
Jyoti is responsible for managing the investment assets of the Company - Equity & Fixed Income. She is a Chartered Financial Analyst (CFA) from ICFAI, over 25 years of experience.
Manoj Jain
Chief Compliance Officer
Manoj Jain is a seasoned finance professional with 22 years of experience with diversified experience in various service and manufacturing companies spanning across different geographies.
Vikas Gupta
Chief Risk Officer
Vikas, a certified CA from ICAI is the Chief Risk Officer. He carries 21 years of experience in internal audit, risk and compliance roles across insurance and banking domain.
Kiran Yadav
Chief People Officer
Kiran, a seasoned HR professional with over 23 years of experience in job evaluation, talent acquisition, organizational development & performance management is her forte.
Rishi Mathur
Chief Distribution Officer - Alternate Channels and Chief Marketing Officer
Rishi is an experienced insurance business leader and brings a wide-range of capabilities across sales, marketing, products and more.
Soly Thomas
Chief Distribution Officer – Bancassurance
Soly being founder member of the company, is currently CDO - Bancassurance. He has has worked across domains including Marketing & Strategy, Sales & Distribution.
Ritesh Rathod
Chief Strategy & Data Officer
Ritesh is responsible for Data Analytics, Enterprise Information Management, Project Management, Quality Assurance, Process Improvement and PR.
Vatsala Sameer
Company Secretary
Vatsala heads legal vertical of the Company. She has been handling various governance responsibilities in the company since 2011.
Sachin Dutta
Chief Operating Officer
Sachin, an all round business professional with almost 15 years in the company. He leads Operations, Customer Servicing, Information Technology and Business Retention functions.
Nitin Agarwal
Appointed Actuary
Nitin has 18+ years of experience in the actuarial field. He is responsible for the Actuarial function covering statutory valuation, pricing, embedded value reporting, risk management etc.
Dinesh Tak
Chief Agency Officer
He leads the company’s proprietary distribution strategy with a focus on expanding and strengthening the agency channel. He is responsible for building the firm’s agency business channel
Canara HSBC Life Insurance
We have over 15 years of experience in delivering exceptional value to our customers through our range of individual and group insurance solutions, designed to meet their various needs, including savings and investment, retirement, protection, and more.
15,700+ Partner Branches
15,700+ Partner Branches
Canara Bank, HSBC India, Other Alternate Channels
₹436,385 Mn Assets Managed
₹436,385 Mn Assets Managed
Assets Managed as of Jun' 25
99.43% Claims Settled
99.43% Claims Settled
Individual Death Claims settled for FY 2024 - 2025
200.42% Solvency Ratio
200.42% Solvency Ratio
Way Above the IRDAI Mandate
**Source: Industry and market data used on this page has been derived from the report titled, “Analysis of Life Insurance Industry in India” (“CRISIL Report”) dated April 2025, prepared and issued by CRISIL Intelligence, which has been commissioned and paid for by us pursuant to a technical proposal letter dated January 13, 2025 and prepared exclusively in connection with the Offer. CRISIL Intelligence, a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL Intelligence operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL Intelligence’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies. CRISIL Intelligence ’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the CRISIL Report, CRISIL Intelligence has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the CRISIL Report are based on certain assumptions, which in its opinion are true as on the date of the CRISIL Report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen. The CRISIL Report does not consist of any investment advice and nothing contained in the CRISIL Report should be construed as a recommendation to invest/disinvest in any entity. The industry Report is intended for use only within India.