RaeHutto281756 at 07:37, 15 April 2026

2026-04-15T07:37:24Z

New page

{{Use dmy dates|date=January 2023}}
{{Use Indian English|date=January 2023}}
{{Short description|Indian insurance company}}

{{Infobox company
| name = Canara HSBC Life Insurance
| logo = Canara HSBC Life Insurance Wikipedia Logo.jpg
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|CANHLIFE}}|{{BSE|544583}}}}
| industry = [[Life insurance]]
| founded = 2008
| hq_location_city = [[Gurgaon, Haryana]]
| hq_location_country = India
| area_served = Worldwide
| key_people = {{Plainlist |
* Anuj Mathur (MD & CEO)<ref>{{cite news |title=Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO |url=https://economictimes.indiatimes.com/news/company/corporate-trends/canara-hsbc-obc-life-insurance-appoints-anuj-mathur-as-ceo/articleshow/47615257.cms |publisher=[[The Economic Times]] |date=10 June 2015}}</ref><ref>{{cite news |last1=Dash |first1=Sanchita |title=These are the Next Big Things in Insurtech Believes this Insurance Top Honcho |url=https://www.entrepreneur.com/article/309370 |publisher=[[Entrepreneur (magazine)|Entrepreneur]] |date=21 February 2018}}</ref>
* Tarun Rustagi ([[Chief financial officer|CFO]])<ref>{{Cite web|title=Tarun Rustagi, CFO, Canara HSBC Oriental Bank Of Commerce Life Insurance - The CFO Wall|url=https://cfo.economictimes.indiatimes.com/cfo-wall/tarun-rustagi/59318703|access-date=2021-09-08|website=etcfo.com|language=en}}</ref>
*Sachin Dutta ([[Chief operating officer|COO]])<ref>{{Cite web|last=Sarang|first=Bindisha|title=Missing nominations can pose a challenge to heirs|url=https://www.rediff.com/getahead/report/missing-nominations-can-pose-a-challenge/20210524.htm|access-date=2021-09-10|website=Rediff|language=en}}</ref>
}}
| products = {{ubl|[[Life insurance]] |[[Term life insurance]] |[[Unit-linked insurance plan]] |[[Endowment policy]] |Money-back policy |[[Whole life insurance]] | [[Retirement plans]] }}
| owner = {{Plainlist |
* [[Canara Bank]] (36.5%)
* [[HSBC Insurance (Asia Pacific)]] (26%)
* [[Punjab National Bank]] (13%)<ref>{{cite news |last1=Kapoor |first1=Sheersh |title=PNB sells 10% stake in Canara HSBC Life Insurance, raises over ₹1,000 crore |url=https://www.cnbctv18.com/market/pnb-shares-sells-10-pc-stake-in-canara-hsbc-life-insurance-ipo-offer-sale-ws-l-19723469.htm |access-date=12 November 2025 |work=CNBCTV18 |date=22 October 2025 |language=en}}</ref>
}}
| footnotes = <ref>{{cite web |title=Reports : Canara HSBC Life Insurance |url=https://www.icicidirect.com/mailcontent/idirect_canarahsbclife_iporeview-oct25.pdf |website=Icicidirect.com}}</ref><ref>{{cite web |title=SEBI {{!}} Canara HSBC Life Insurance Company Limited - RHP |url=https://www.sebi.gov.in/filings/public-issues/oct-2025/canara-hsbc-life-insurance-company-limited-rhp_97113.html |website=www.sebi.gov.in}}</ref>
| website = {{URL|http://www.canarahsbclife.com/}}
}}
'''Canara HSBC Life Insurance''' is an Indian [[life insurance]] company, headquartered in Gurugram.<ref>{{cite news |title=Canara Bank, life insurance arm launch 'Webassurance' |url=https://www.businesstoday.in/sectors/banks/canara-bank-canara-hsbc-oriental-bank-of-commerce-life-insurance-canara-hsbc-obc-life-r-a-sankara-narayanan/story/341062.html |publisher=[[Business Today (India)|Business Today]] |date=27 April 2019}}</ref> Established in 2008, Canara HSBC Life Insurance <ref name=ms>{{Cite web |date=16 June 2022 |first=Mayur |last=Shetty |title=Canara HSBC Life rebrands due to PNB exit|url=https://timesofindia.indiatimes.com/business/india-business/canara-hsbc-life-rebrands-due-to-pnb-exit/articleshow/92239213.cms |access-date=2022-06-17 |website=The Times of India |language=en}}</ref> was a [[joint venture]] between [[Canara Bank]] (36.5%), [[HSBC Insurance (Asia Pacific)|HSBC Insurance (Asia Pacific) Holdings Limited]] (26%) and [[Punjab National Bank]] (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, Punjab National Bank.<ref name=ms/><ref name="livemint.com">{{Cite web |date=2022-06-15 |title=Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance |url=https://www.livemint.com/companies/news/canara-hsbc-obc-life-insurance-rebranded-as-canara-hsbc-life-insurance-11655294928414.html |access-date=2022-06-17 |website=mint |language=en}}</ref>

The company provides life, health, online term plans, credit life and employee benefit segments.<ref>{{cite news |title=Bank Merger: 6 things OBC, UBI customers should know about debit cards, cheque books to passbooks post merger with PNB |url=https://www.zeebiz.com/personal-finance/news-bank-merger-6-things-obc-ubi-customers-should-know-about-debit-cards-cheque-books-to-passbooks-post-merger-with-pnb-123963 |publisher=[[zeebiz.com]]|date=13 April 2020}}</ref><ref>{{cite web |title=Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank|url=https://www.pnbindia.in/downloadprocess.aspx?fid=Zu0vAs1Rv/cicTxP88flVQ== |website=Punjab National Bank}}</ref>

== History and overview ==
The company was established in 2008. In February 2014, Canara HSBC Life Insurance <ref name="livemint.com"/> introduced the concept of online revival of the policy, enabling customers to reinstate a lapsed policy and allowing them to pay their [[Premium financing|premium]] online.<ref>{{cite news |title=HSBC Oriental Bank of Commerce Life Insurance Company launches online revival of policies |url=https://economictimes.indiatimes.com/wealth/personal-finance-news/hsbc-oriental-bank-of-commerce-life-insurance-company-launches-online-revival-of-policies/articleshow/30991463.cms?from=mdrhttps://economictimes.indiatimes.com/wealth/personal-finance-news/hsbc-oriental-bank-of-commerce-life-insurance-company-launches-online-revival-of-policies/articleshow/30991463.cms?from=mdr |publisher=[[The Economic Times]] |date=25 February 2014}}</ref>

It partnered with 3 rural regional banks, Pragathi Gramin Bank in [[Karnataka]] and Shreyas Gramin Bank in [[Uttar Pradesh]] in 2009 and [[South Malabar Gramin Bank]] in 2010.<ref>{{cite web|title=Introduction|url=https://www.https://www.canarahsbclife.com/lifeinsurance/portal/canh/home/about-us/why-choose-us.com/lifeinsurance/portal/canh/home/about-us/why-choose-us|url-status=dead|archive-url=https://web.archive.org/web/20130819141428/http://https/|archive-date=2013-08-19|access-date=2020-07-12|website=Canarahsbclife.com}}</ref> The company partnered with [[Dhanlaxmi Bank]] in June 2017.<ref>{{cite news |last1=Kumar |first1=Krishna |title=Canara HSBC Oriental Bank of Commerce Life Insurance ties up with Dhanlaxmi Bank |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-hsbc-oriental-bank-of-commerce-life-insurance-ties-up-with-dhanlaxmi-bank/articleshow/59473611.cms |publisher=[[The Economic Times]] |date=6 June 2017}}</ref> It also tied up with Can Fin Homes and<ref>{{cite news |title=Canara HSBC OBC Life Insurance partners Can Fin Homes to sell policies |url=https://www.moneycontrol.com/news/business/canara-hsbc-obc-life-insurance-partners-can-fin-homes-to-sell-policies-2523861.html |publisher=[[Moneycontrol.com]]|date=8 March 2018}}</ref> IndianMoneyInsurance.com.<ref>{{cite news |title=Canara HSBC OBC Life Insurance partners with IndianMoneyInsurance.com to sell policies |url=https://www.freepressjournal.in/insurance/insurance-top-news/canara-hsbc-obc-life-insurance-partners-with-indianmoneyinsurancecom-to-sell-policies |publisher=[[The Free Press Journal]] |date=17 October 2019}}</ref> In April 2020, [[Oriental Bank of Commerce]] merged with Punjab National Bank.<ref>{{Cite web|date=30 August 2019|title=Bank Merger News: Government unveils mega bank mergers to revive growth from 5-year low|url=https://timesofindia.indiatimes.com/business/india-business/government-unveils-mega-bank-mergers-to-revive-growth-from-5-year-low/articleshow/70911359.cms|access-date=2021-10-08|website=The Times of India|language=en}}</ref><ref>{{Cite web|author=Staff Writer|date=2019-08-30|title=10 public sector banks to be merged into four|url=https://www.livemint.com/news/india/pnb-obc-and-united-bank-to-be-merged-nirmala-sitharaman-1567158678718.html|access-date=2021-10-08|website=mint|language=en}}</ref> On 15 June 2022, the company rebranded as Canara HSBC Life Insurance.<ref name="freepressjournal.in">{{Cite web |title=Canara HSBC OBC Life Insurance renews commitment to its customers with Canara HSBC Life Insurance rebranding |url=https://www.freepressjournal.in/business/canara-hsbc-life-insurance-rebrands-itself |access-date=2022-06-17 |website=Free Press Journal |language=en}}</ref>

== See also ==
{{Portal|India|Companies}}
* [[List of insurance companies in India]]

== References ==
{{reflist}}

{{Insurance in India}}
{{HSBC}}
{{Canara Bank}}

[[Category:Life insurance companies of India]]
[[Category:Financial services companies established in 2008]]
[[Category:Indian companies established in 2007]]
[[Category:2007 establishments in Haryana]]
[[Category:Companies based in Gurgaon]]
[[Category:Canara Bank]]
[[Category:Punjab National Bank]]
[[Category:HSBC]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:2025 initial public offerings]]

Canara HSBC Life Insurance - Revision history

RaeHutto281756 at 07:37, 15 April 2026