Factuary

Canara HSBC Life Insurance Insurance Data

lifeIRDAI Reg. 136

Joint venture between Canara Bank, HSBC, and Punjab National Bank.

HQ: Gurugram
Website ↗
IRDAI Disclosures ↗

Canara HSBC Life Insurance is a life insurance company licensed by IRDAI (registration number 136). Its solvency ratio of 2.06× as of Q4 FY24-25 exceeds the IRDAI mandatory minimum of 1.5×, ranking 12th among 25 life insurers. The company reported gross written premium of ₹8027 crore in FY24-25, ranking 12th by premium among 25 life insurers.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹8,027 croreFY24-25Statement-3

Solvency

solvency ratio2.06×Q4 FY24-25Statement-11

Persistency

61st month persistency by policy count57.1%FY24-25Handbook-Table-28
49th month persistency by policy count60.0%FY24-25Handbook-Table-28
25th month persistency by policy count71.4%FY24-25Handbook-Table-28
37th month persistency by policy count67.5%FY24-25Handbook-Table-28
13th month persistency by policy count81.7%FY24-25Handbook-Table-28

Financial Position

net worth₹1,517 croreFY24-25Handbook-Table-26

Distribution by Channel

POS premium₹0.00 croreFY24-25Handbook-Table-100
Direct policies9,556FY24-25Handbook-Table-100
Web Agg. policies-28FY24-25Handbook-Table-100
Online premium₹5.27 croreFY24-25Handbook-Table-100
Corp. Agents (Other) policies-1,395FY24-25Handbook-Table-100
Brokers premium₹87.95 croreFY24-25Handbook-Table-100
Bank Channel policies1,65,072FY24-25Handbook-Table-100
Referrals premium₹0.00 croreFY24-25Handbook-Table-100
Individual Agents premium₹0.93 croreFY24-25Handbook-Table-100
IMF policies0FY24-25Handbook-Table-100
CSCs premium₹0.00 croreFY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
Bank Channel premium₹2,053.85 croreFY24-25Handbook-Table-100
Referrals policies0FY24-25Handbook-Table-100
Direct premium₹86.80 croreFY24-25Handbook-Table-100
Web Agg. premium₹-0.12 croreFY24-25Handbook-Table-100
MI Agents policies0FY24-25Handbook-Table-100
IMF premium₹0.00 croreFY24-25Handbook-Table-100
Online policies1,263FY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100
MI Agents premium₹0.00 croreFY24-25Handbook-Table-100
Individual Agents policies144FY24-25Handbook-Table-100
Corp. Agents (Other) premium₹-6.73 croreFY24-25Handbook-Table-100
POS policies0FY24-25Handbook-Table-100
CSCs policies0FY24-25Handbook-Table-100
Brokers policies19,509FY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio5.4%FY24-25Handbook-Table-27

Other Claims

claims settled in 6 to 12 months0.0%FY24-25Handbook-Table-18
claims paid within 1 month89.1%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.9%FY24-25Handbook-Table-18
claims settled in 1 to 3 months10.0%FY24-25Handbook-Table-18
claims settled after 1 year0.0%FY24-25Handbook-Table-18

Other

Brokers schemes1FY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
MI Agents lives0FY24-25Handbook-Table-102
Individual Agents lives0FY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) schemes0FY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
Online premium₹0.00 croreFY24-25Handbook-Table-102
Corp. Agents (Other) lives12,800FY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
MI Agents premium₹0.00 croreFY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Bank Channel lives85,50,724FY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
Bank Channel schemes20FY24-25Handbook-Table-102
Direct premium₹153.08 croreFY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
IMF lives0FY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
Direct schemes1FY24-25Handbook-Table-102
Individual Agents schemes0FY24-25Handbook-Table-102
Brokers premium₹16.55 croreFY24-25Handbook-Table-102
Corp. Agents (Other) premium₹59.78 croreFY24-25Handbook-Table-102
MI Agents schemes0FY24-25Handbook-Table-102
IMF schemes0FY24-25Handbook-Table-102
Bank Channel premium₹664.17 croreFY24-25Handbook-Table-102
Individual Agents premium₹0.00 croreFY24-25Handbook-Table-102
Direct lives12,499FY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
IMF premium₹0.00 croreFY24-25Handbook-Table-102
Brokers lives-5,49,862FY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
traditional plan commission paid₹374.55 croreFY24-25Handbook-Table-13
ULIP commission paid₹132.57 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

Compare & Reports

Compare Canara HSBC Life Insurance against another life insurer →

Machine-readable: Canara HSBC Life Insurance facts as JSON · all facts as CSV