Archive · 22 Jan 2026
Canara HSBC Life Insurance Expands Bancassurance Business
Canara HSBC Life Insurance is a company owned by Canara Bank and HSBC.
They sell insurance through banks, mainly Canara Bank and HSBC.
HSBC is opening new branches in India, which will help Canara HSBC Life Insurance sell more insurance.
The company is also happy with its new agents and saw good growth in the first nine months of the year.
Their profit increased by 8.23% compared to last year.
The company's stock price also went up by almost 10%.
Canara HSBC Life Insurance is expanding its bancassurance business through HSBC's new branches in India.
HSBC has opened 4 new branches and plans to open 3-4 more in the next few months.
The company's business comes 75% from Canara Bank and 12% from HSBC.
For the nine months of FY26, APE grew by 22.3% and VNB by 36.8%.
Net profit increased by 8.23% year-over-year to ₹91.88 crore.
- Who
- Canara HSBC Life Insurance, Canara Bank, HSBC
- What
- Expansion of bancassurance business and financial performance
- When
- January 22, 2026 (reporting date), 9 months of FY26 (performance period)
- Where
- India
- Why
- To increase business from HSBC's new branches and segments
- Company
- Canara HSBC Life Insurance
- Parent Companies
- Canara Bank, HSBC Insurance (Asia Pacific) Holdings
- Bancassurance Partners
- Canara Bank, HSBC
- Business from Canara Bank
- 75% of APE
- Business from HSBC
- 12% of APE
- New HSBC Branches
- 4 operational, 3-4 planned
- APE Growth (9MFY26)
- 22.3%
- VNB Growth (9MFY26)
- 36.8%
- VNB Margin (Dec 2025)
- 19.7%
- Net Profit (9MFY26)
- ₹91.88 crore
- Stock Price (Jan 22, 2026)
- ₹149.80