Canara HSBC Life Insurance is a Gurugram-based private life insurer, backed by Canara Bank and HSBC, that listed on the NSE and BSE on October 17, 2025, and is led by Managing Director and CEO Anuj Mathur.
Canara HSBC Life Insurance at a Glance (Stats Table)
| Detail | Fact |
|---|---|
| Company name | Canara HSBC Life Insurance Company Limited |
| Headquarters | Gurugram, Haryana |
| Incorporated | 2007 (started selling policies around 2008) |
| Main owners (promoters) | Canara Bank and HSBC Insurance (Asia-Pacific) Holdings |
| MD and CEO | Anuj Mathur |
| IPO dates | October 10 to October 14, 2025 |
| IPO price band | ₹100 to ₹106 per share |
| Listing date and price | October 17, 2025, at ₹106 (flat) |
| NSE symbol | CANHLIFE |
| BSE code | 544583 |
| FY26 total premium income | ₹10,046 crore |
| FY26 profit after tax | About ₹127 crore |
| Claims settled (FY26) | 99.6% |
| Toll-free helpline | 1800-891-0003 / 1800-103-0003 |
What Is Canara HSBC Life Insurance Company Limited?
Canara HSBC Life Insurance Company Limited is a private life insurer. In simple words, it sells plans that protect your family, plans that grow your savings and plans that pay you income after retirement.
Its strength is its family tree. Canara Bank is one of India’s largest government-owned banks, and HSBC is a global banking name. Together they gave the company a ready-made road to customers: the bank branch. This is called bancassurance, which just means selling insurance through banks. The company says it reaches customers through more than 15,700 bank branches.
What Does Canara HSBC Life Insurance Cover, and for Which Age?
Canara HSBC Life Insurance offers term, savings, investment and retirement plans with benefits depending on the policy selected.
What the Plans Cover
- Death Cover: Pays the sum assured to the family if the insured dies during the policy term.
- Accident Cover: Provides additional benefits for accidental death.
- Disability Cover: May waive future premiums or pay a lump sum for eligible disabilities.
- Serious Illness Cover: Some plans provide benefits for terminal illness.
- Family Add-ons: Offers spouse coverage and child care benefits under eligible plans.
- Life Stage Boost: Allows coverage increases after major life events under selected plans.
- Savings and Investment: Combines life insurance with savings or market-linked investments.
- Retirement Income: Provides regular income through eligible pension and annuity plans.
What Is Usually Not Covered?
- Hidden Health Issues: Undisclosed medical conditions may affect claim approval.
- Early Suicide: Special exclusions or limits may apply during the initial policy period.
- Lapsed Policy: Coverage may stop if premiums remain unpaid beyond the applicable grace period.
- Rider Exclusions: Accident and disability benefits apply only under the rider’s terms.
Entry Age and Cover Age (Term Plans)
| Item | Typical Range |
|---|---|
| Entry Age | 18–65 years |
| Maximum Cover Age | Up to 99 years for selected plans |
| Minimum Cover Amount | Around ₹15–25 lakh, depending on the plan |
| Policy Length | Varies by plan; some offer long-term coverage |
Canara HSBC Life Insurance Started In Which Year?
- 2007: The company was incorporated.
- 2008 onwards: It worked as Canara HSBC Oriental Bank of Commerce Life Insurance, a team-up of Canara Bank, Oriental Bank of Commerce and HSBC.
- After the bank merger: Oriental Bank of Commerce merged into Punjab National Bank, which became a shareholder. The company later dropped the old name.
- October 2025: It listed on the stock exchanges.
So, Canara HSBC Life Insurance started in which year? Incorporated in 2007, with business starting around 2008.
Who Is The CEO Of Canara HSBC Life Insurance?
Anuj Mathur is the Managing Director and CEO. If you ask who is the CEO of Canara HSBC Life Insurance, he is the name on the door and the voice on earnings announcements. After the FY26 results, he said the company delivered “growth with discipline and balance.” News reports from late August 2026 also said CFO Tarun Rustagi resigned, so watch who replaces him.
Canara HSBC Life Insurance IPO: The Full Story
An IPO (initial public offering) is when a company lets ordinary people buy its shares for the first time. Here is how the Canara HSBC Life Insurance IPO played out.
| IPO Detail | Fact |
|---|---|
| Opened | October 10, 2025 |
| Closed | October 14, 2025 |
| Price band | ₹100 to ₹106 |
| Lot size | 140 shares |
| Minimum bid (upper price) | ₹14,840 |
| Issue size | About ₹2,517 crore |
| Type | 100% offer for sale (23.75 crore shares) |
| Anchor investors | A little over ₹750 crore raised |
| Overall subscription | About 2.3 times |
| Big institutions (QIB) | About 7.05 times |
| Retail investors | About 0.42 to 0.44 times |
| Wealthy individuals (NII) | About 0.33 times |
| Listing | October 17, 2025, at ₹106 |
Canara HSBC Life Insurance Grey Market: Was There Any Excitement?
The Canara HSBC Life Insurance grey market is where people trade IPO shares unofficially before listing. It is like buying a movie ticket from a stranger outside the cinema.
Here is how the gossip went:
- October 7, 2025: The grey market premium was around ₹14.
- October 9, 2025: Unlisted shares were reported at about ₹116, roughly ₹10 above the issue price.
- October 14, 2025: The premium shrank to about ₹0 by the final day.
- Listing day: Shares opened at ₹106, flat, and touched about ₹109 soon after.
Canara HSBC Life Insurance IPO Is Good Or Bad? An Honest Look
People still search “Canara HSBC Life Insurance IPO is good or bad,” so let us judge it fairly, using what has happened since.
Why it looked weak at first:
- Retail and wealthy-individual portions were not fully subscribed.
- It was an offer for sale, so the company got no fresh money.
- The listing was flat, with no “listing gain” party.
Why it looks better now:
- A buyer at ₹106 who held on saw the price reach about ₹142 in early October 2026. That is roughly 34% above the issue price. At the 52-week high near ₹166.69, it was up about 57%.
- Profit and new business grew in FY26 and again in the first quarter of FY27.
What still needs care:
- The share trades at a high price compared to its profit (a price-to-earnings figure above 100 on trailing numbers, according to some trackers).
- Life insurance profits move slowly and depend on long-term customer behavior.
NSE Canara HSBC Life Insurance: How to Find the Stock
If you want to track NSE Canara HSBC Life Insurance, here are the basics:
- NSE symbol: CANHLIFE
- BSE code: 544583
- Face value: ₹10
- Category: Mid-cap insurance stock, with a market value of roughly ₹13,500 to ₹14,000 crore in autumn 2026
Search “CANHLIFE” in any trading app, and you will land on the right page. You can also check the official NSE website for announcements, results and shareholding data.
Canara HSBC Life Insurance Share Price: A Quick Journey
The Canara HSBC Life Insurance share price has behaved like a mountain road: some climbs, some bends.
| Date | Approximate Price | What Happened |
|---|---|---|
| October 17, 2025 | ₹106 | Flat listing |
| February 2026 | Up to ₹159 | Strong rally |
| April 29, 2026 | About ₹148 | Jumped about 9% after FY26 results |
| September 2026 | About ₹152 to ₹154 | Near the 52-week high of about ₹166.69 |
| October 9, 2026 | About ₹138 | Fell about 5% in one session |
Prices are approximate, taken from public trackers, and change daily. Verify with NSE live quote.
How Is the Business Doing? FY26 in Plain Words
| Measure | FY26 Result | Plain Meaning |
|---|---|---|
| Total premium income | ₹10,046 crore (up 43%) | Money collected crossed ₹10,000 crore for the first time |
| Individual new business | ₹2,593 crore (up 19%) | Sales grew faster than many rivals |
| Value of new business | ₹627 crore (up 41%) | Future profit from new policies |
| Profit after tax | About ₹127 crore (up 8%) | Steady, not spectacular |
| Assets managed | ₹46,118 crore (up 12%) | Money the company looks after |
| Claims settled | 99.6% | Best record in its history |
In the April to June 2026 quarter, profit rose about 20% to roughly ₹28 crore, and the value of new business grew about 29%.
What Does Canara HSBC Life Insurance Sell?
The company sells about 20 individual products and 7 group products:
- Term plans: Pay a small amount, and your family gets a large sum if you die during the plan.
- Savings and endowment plans: Save regularly, get money later.
- Unit-linked plans (ULIPs): Part insurance, part investment. About 51% of FY26 business.
- Retirement plans: Build a pot now, get income later.
- Group plans: Protection for loan borrowers and employees.
Canara HSBC Life Insurance Login: Getting Into Your Account
Forgetting a password is a national hobby. Here is how to handle your Canara HSBC Life Insurance login calmly.
- Open the official website or the company’s mobile app.
- Choose the customer login option.
- Sign in with your registered mobile number, email or policy number, plus a one-time password.
- First-time user? Register with your policy number and registered mobile number.
- Forgot your password? Use the “forgot password” option or call the helpline.
Safety tips: Download the app only from your phone’s official store. Never share your one-time password with anyone. Type the web address yourself instead of clicking links in random messages.
Canara HSBC Life Insurance Policy Details and Policy Status
You bought a policy. The paper folder went into a drawer. Three years later, nobody remembers which drawer. Sound familiar?
Canara HSBC Life Insurance policy details include your policy number, plan name, cover amount, premium, due dates, nominee and term. Find them in your welcome kit, in the app or portal after login, in emails and SMS messages, or by calling the helpline.
Canara HSBC Life Insurance policy status tells you if your policy is active, lapsed, matured or surrendered. To check your Canara HSBC Life Insurance policy status, log in and open your policy page, or call the helpline with your policy number. New applicants can use the “Track Application” option on the website.
Lapsed policy? Do not panic. The company says you can restart it through the app in three steps. Check revival rules and extra charges first.
Canara HSBC Life Insurance Premium Payment: Easy Ways to Pay
A premium is the regular amount you pay to keep your policy alive. Miss it, and your cover can stop. Options for Canara HSBC Life Insurance premium payment include:
- Mobile app or website: Log in, pick your policy and pay online.
- Auto-debit: The premium is deducted automatically. Perfect for the forgetful (no shame).
- Bank branch: Pay through your linked bank.
- Third-party payment apps: Available on some platforms.
Canara HSBC Life Insurance Customer Care Number and Contacts
Need a human? Here is the Canara HSBC Life Insurance customer care number list from the company’s service page.
| Purpose | Contact |
|---|---|
| Customer service (India) | 1800-891-0003 or 1800-103-0003 (toll-free) |
| Hours | Monday to Saturday, 9 AM to 6 PM IST |
| New policy enquiries | 1800-258-5899 |
| From abroad | +91 8071262755 |
| customerservice@canarahsbclife.in |
How To Cancel Canara HSBC Life Insurance
Changed your mind? Here is how to cancel Canara HSBC Life Insurance the smart way.
Option 1: Free look cancellation (best if you are new). Most life policies offer a free look period, usually 30 days from receiving the policy document. The company usually refunds your premium minus small allowed costs, such as medical exam charges, stamp duty or cover for the days you were insured.
- Read your policy document.
- Write a request to cancel under the free look option.
- Submit it through the app, website, branch or customer care.
- Attach the original policy document and ID if asked.
- Keep the acknowledgement.
Option 2: Surrender. After the free look window, you can end the policy and take its surrender value. Early on, this can be small or zero. Unit-linked plans usually have a 5-year lock-in.
Option 3: Stop paying. Usually the worst choice. Your Canara HSBC Life Insurance policy may lapse or become paid-up with reduced coverage, and you could lose certain benefits.
Conclusion: The Big Takeaways
Canara HSBC Life Insurance is a private, bank-backed insurer established in 2007 and listed on the NSE and BSE in October 2025. Led by CEO Anuj Mathur, it reported ₹10,046 crore in premiums and a 99.6% claim settlement ratio in FY2025–26. Customers can manage login, policy status, premium payments and cancellations online. Investors should research market risks before investing, as share prices fluctuate and past performance does not guarantee future returns.
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Frequently Asked Questions
1. What is the Canara HSBC Life Insurance share price today?
The share price changes daily. Check NSE for the latest price.
2. Is the Canara HSBC Life Insurance IPO good or bad?
It depends on your buying price, financial goals and risk tolerance.
3. Who is the CEO of Canara HSBC Life Insurance?
Anuj Mathur is the Managing Director and CEO.
4. Canara HSBC Life Insurance started in which year?
The company was incorporated in 2007.
5. How do I check my Canara HSBC Life Insurance policy status?
Log in to the official website or app using your policy details.
6. What is the Canara HSBC Life Insurance customer care number?
The listed toll-free numbers are 1800-891-0003 and 1800-103-0003.
7. How to cancel Canara HSBC Life Insurance?
Submit a cancellation request through the insurer’s website, app or branch.
8. Can I pay Canara HSBC Life Insurance premiums online?
Yes, pay through the official website or mobile app.
