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Canara HSBC Life Insurance

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1757: 1787: 414:(AUM) grew by 15% to Rs 30,204 crore as of March 31, 2023. Shareholders were declared a final dividend of 3% of paid equity, and the Indian embedded value reached Rs 4,272 crore. The solvency margin stood at 252% as of March 31, 2023. Additionally, participating policyholders received a bonus of Rs 200 crore in FY23. The company has a customer base of over 69 lakh and has insured more than 57 lakh lives under PMJJBY. 2214: 1710: 693: 22: 1195: 426: 2228: 440: 395:, the company registered a profit of ₹163.51 crore (US$ 20 million) in the new business premium with 47.49% more as compared to the last year in January 2020. In February 2021, the company registered a profit of ₹186.99 crore (US$ 23 million) in the new business premium with 56% more as compared to the last year in February 2020. 95: 405:
In 2022, the company registered a profit of 32% on new business weighted premium income of ₹1,375 crore (US$ 170 million) compared to its last financial year with ₹1,045 crore (US$ 130 million). And Gross Written Premium (GWP) with a growth of 15% reaching ₹5,890 crore (US$ 740 million) compared to
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In the fiscal year 2022-23, the company reported its 11th consecutive year of profit, achieving a pre-tax profit (PBT) of Rs 100 crore. The gross written premium for the fiscal year increased by 22% to Rs 7,197 crore, and
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The company was set up in 2008. In February 2014, Canara HSBC Life Insurance introduced the concept of online revival of the policy, enabling customers to reinstate a lapsed policy and allows to pay their
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83 crore or US$ 9.9 million in 2023) to its eligible policyholders for the financial year 2021-2022 by participating in their products with an increase of 28% over its bonus amount.
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had merged with Punjab National Bank. On 15 June 2022, the company rebranded as Canara HSBC Life Insurance. On 25 July 2022, the company declared a customer bonus for the ninth time of
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rose to ₹3,828 crore (US$ 479 million), and the solvency margin stood at 282% as of 31 March 2022. The paid-up capital of Canara HSBC Life Insurance was ₹950 crore (US$ 119 million).
778: 1115: 1017: 2410: 972: 927: 874: 990: 631: 1690: 949: 392: 760: 603: 2520: 1183: 2510: 1680: 2525: 1816: 1638: 823: 1575: 1552: 1231: 2268: 1207: 301:(23%). On 15 June 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, Punjab National Bank. 463: 32: 2530: 1633: 1570: 1477: 1431: 1278: 1451: 1344: 1334: 1268: 1161: 51: 69: 381:(US$ 418 million), a growth of 26% compared to fiscal 2017–18. The company registered with a rise of 51% in its net profit at 1628: 1514: 1303: 1293: 1176: 1595: 1391: 1283: 1263: 1253: 1216: 556: 1746: 1643: 1349: 2394: 2082: 2540: 2373: 2358: 2153: 1695: 1562: 1530: 458: 294: 244: 1685: 1381: 1371: 658:"Bank Merger: 6 things OBC, UBI customers should know about debit cards, cheque books to passbooks post merger with PNB" 304:
The company's offerings include products in life, health, online term plans, credit life and employee benefit segments.
1713: 1169: 1140: 848: 47: 1068: 2137: 2077: 1664: 1623: 1298: 202: 2261: 468: 337: 329: 94: 2471: 2062: 1821: 1313: 1141:"Canara HSBC OBC Life Insurance renews commitment to its customers with Canara HSBC Life Insurance rebranding" 849:"Canara HSBC OBC Life Insurance renews commitment to its customers with Canara HSBC Life Insurance rebranding" 2132: 2107: 1908: 1436: 1363: 675: 516: 411: 175: 168: 2368: 1446: 530: 2455: 2087: 2072: 2021: 1831: 1618: 1600: 1456: 1072: 782: 585: 105: 1504: 2097: 1938: 1786: 1756: 1499: 1308: 1258: 371: 2535: 2481: 2254: 2173: 2067: 1441: 1406: 1386: 473: 298: 250: 217: 2117: 1893: 1888: 1872: 1659: 1339: 197: 2389: 2363: 2112: 1973: 1968: 1963: 1928: 1739: 1421: 1199: 746: 697: 497: 336:
in June 2017. It is also tied up with Can Fin Homes and IndianMoneyInsurance.com. In April 2020,
661: 2127: 2039: 2033: 1953: 1898: 1862: 1852: 1811: 1801: 1245: 976: 935: 676:"Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank" 314: 212: 43: 2168: 2163: 2158: 1948: 1918: 1776: 1491: 1416: 764: 445: 222: 207: 134: 711: 694:"HSBC Oriental Bank of Commerce Life Insurance Company launches online revival of policies" 285:
company, headquartered in Gurugram. Established in 2008, Canara HSBC Life Insurance was a
1933: 1923: 1903: 1401: 1273: 1088:"Canara HSBC Life aims to double penetration among Canara Bank's customer base in 2 years" 1044:"Canara HSBC Life aims to double penetration among Canara Bank's customer base in 2 years" 797:"Bank Merger News: Government unveils mega bank mergers to revive growth from 5-year low" 531:"Tarun Rustagi, CFO, Canara HSBC Oriental Bank Of Commerce Life Insurance - The CFO Wall" 1116:"Canara HSBC Life Insurance reports 9-fold jump in profit at Rs 91 cr in FY23 - ET BFSI" 779:"Canara HSBC OBC Life Insurance partners with IndianMoneyInsurance.com to sell policies" 2298: 2092: 1999: 1958: 1426: 399: 333: 282: 192: 115: 2545: 2504: 2218: 2189: 1978: 1913: 1732: 1288: 957: 325: 286: 2476: 2335: 2122: 2102: 1994: 931: 431: 743:"Canara HSBC Oriental Bank of Commerce Life Insurance ties up with Dhanlaxmi Bank" 2277: 2194: 2045: 2005: 1943: 1544: 1376: 453: 370:(US$ 20 million) for the financial year ended in March 2019. It registered 360: 290: 238: 1724: 513:"These are the Next Big Things in Insurtech Believes this Insurance Top Honcho" 1847: 1826: 512: 421: 1806: 1411: 953: 321: 2232: 1018:"Life insurers' new business premium up 21% in February at Rs 22,425 crore" 320:
It has also partnered with 3 rural regional banks, Pragathi Gramin Bank in
1509: 1461: 1318: 991:"New premium of life insurance firms rises 3.7% to ₹21,390 cr in January" 900:"Canara HSBC OBC Life Insurance posts a profit of Rs 105 crore for FY20" 761:"Canara HSBC OBC Life Insurance partners Can Fin Homes to sell policies" 632:"Canara HSBC OBC Life Insurance rebranded as Canara HSBC Life Insurance" 359:
The company registered a profit of ₹105 crore (US$ 19 million) for the
973:"Canara HSBC Life Q4 net up 69% at Rs 1.28 bn on bancassurance drive" 950:"Canara HSBC OBC life Insurance net jumps 51 pc at Rs 168 cr in FY18" 1867: 1194: 265: 2199: 1857: 1760: 2250: 1728: 1165: 1069:"Canara HSBC OBC Life Insurance posts Rs 165 cr profit in FY19" 928:"Canara HSBC OBC Life Insurance posts Rs 165 cr profit in FY19" 393:
Insurance Regulatory and Development Authority of India (IRDAI)
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its last financial year with ₹5,116 crore (US$ 640 million).
875:"Canara HSBC Life declares bonus for ninth consecutive year" 494:"Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO" 582:"Canara Bank, life insurance arm launch 'Webassurance'" 39: 1691:
Insurance Regulatory and Development Authority (IRDA)
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Canara HSBC Oriental Bank of Commerce Life Insurance
50:, and by adding encyclopedic content written from a 2464: 2448: 2441: 2427: 2420: 2403: 2382: 2351: 2307: 2291: 2284: 2182: 2146: 2055: 2014: 1987: 1881: 1840: 1794: 1769: 1673: 1652: 1609: 1588: 1561: 1543: 1523: 1490: 1470: 1362: 1327: 1244: 1224: 1215: 1206: 557:"Missing nominations can pose a challenge to heirs" 260: 231: 185: 155: 145: 129: 121: 111: 101: 2516:Financial services companies established in 2008 824:"10 public sector banks to be merged into four" 626: 624: 295:HSBC Insurance (Asia Pacific) Holdings Limited 2262: 1777:The Hongkong and Shanghai Banking Corporation 1740: 1177: 8: 87: 604:"Canara HSBC Life rebrands due to PNB exit" 2445: 2424: 2288: 2269: 2255: 2247: 1755: 1747: 1733: 1725: 1520: 1467: 1324: 1221: 1212: 1184: 1170: 1162: 93: 86: 1478:Life Insurance Corporation of India (LIC) 922: 920: 388:(US$ 20 million) in fiscal 2017–18. 70:Learn how and when to remove this message 332:in 2010. The company was partnered with 2434:Lingam Venkata Prabhakar (MD & CEO) 1639:Pradhan Mantri Jeevan Jyoti Bima Yojana 485: 2395:Canara Robeco Asset Management Company 1232:Agriculture Insurance Company of India 31:contains content that is written like 1110: 1108: 7: 2521:Indian companies established in 2007 2227: 1665:Industrial Policy Resolution of 1956 597: 595: 464:List of insurance companies in India 1634:Pradhan Mantri Suraksha Bima Yojana 511:Dash, Sanchita (21 February 2018). 971:Palepu, Advait Rao (4 June 2018). 391:In January 2021, according to the 14: 2511:Life insurance companies of India 2326:Sree Poornathrayeesa Vilasam Bank 1629:Pradhan Mantri Fasal Bima Yojana 2226: 2213: 2212: 1785: 1709: 1708: 1531:Employees' State Insurance (ESI) 1193: 438: 424: 20: 1596:Agricultural insurance in India 1086:Srivats, K. R. (19 June 2022). 1042:Srivats, K. R. (19 June 2022). 1016:Panda, Subrata (8 March 2021). 873:Srivats, K. R. (25 July 2022). 822:Staff Writer (30 August 2019). 2526:2007 establishments in Haryana 1644:Rashtriya Swasthya Bima Yojana 741:Kumar, Krishna (6 June 2017). 602:Shetty, Mayur (16 June 2022). 1: 2374:Karnataka Vikas Grameena Bank 2359:Andhra Pragathi Grameena Bank 2154:Charterhouse Capital Partners 1696:Insurance Repository in India 459:HSBC Insurance (Asia Pacific) 245:HSBC Insurance (Asia Pacific) 1686:Insurance Institute of India 1092:www.thehindubusinessline.com 879:www.thehindubusinessline.com 253:(shareholder/investor) (23%) 2083:Crédit Commercial de France 324:and Shreyas Gramin Bank in 2562: 2531:Companies based in Gurgaon 2138:Williamsburgh Savings Bank 2078:Continental Bank of Canada 2028:Canara HSBC Life Insurance 2000:Hang Seng Bank (Hong Kong) 1624:Biju Swastya Kalyan Yojana 279:Canara HSBC Life Insurance 203:Unit-linked insurance plan 164:Anuj Mathur (MD & CEO) 88:Canara HSBC Life Insurance 2323:Trivandrum Permanent Bank 2208: 1783: 1704: 469:Oriental Bank of Commerce 363:ended in March 2020, And 338:Oriental Bank of Commerce 330:South Malabar Gramin Bank 92: 2472:Tonse Ramesh Upendra Pai 2133:Samuel Montagu & Co. 2063:Bank of British Columbia 106:Public sector undertaken 84:Indian insurance company 2340:Lakshmi Commercial Bank 2108:Imperial Bank of Persia 2015:Minority stakes and JVs 1022:Business Standard India 412:assets under management 2456:Ammembal Subba Rao Pai 2332:Cochin Commercial Bank 2088:Greenwich Savings Bank 2022:Bank of Communications 1619:Ayushman Bharat Yojana 1601:National Health Policy 1350:United India Insurance 1073:The Free Press Journal 783:The Free Press Journal 2404:Investments & JVs 2369:Karnataka Gramin Bank 2056:Predecessor companies 1882:Principal local banks 398:The company's Indian 372:Gross Written Premium 52:neutral point of view 2541:Punjab National Bank 2482:Vaman Srinivas Kudva 2320:G. Raghumathmul Bank 2068:Barclays Bank Canada 1264:Aditya Birla Capital 680:Punjab National Bank 474:Punjab National Bank 308:History and overview 299:Punjab National Bank 251:Punjab National Bank 218:Whole life insurance 2317:Seasia Midland Bank 2147:Former subsidiaries 2118:Marine Midland Bank 1660:Insurance Act, 1938 1505:ManipalCigna Health 1340:New India Assurance 700:. 25 February 2014. 198:Term life insurance 89: 44:promotional content 2364:Kerala Gramin Bank 2113:Lloyds Bank Canada 1909:Continental Europe 1795:Board of directors 1345:Oriental Insurance 1335:National Insurance 1200:Insurance in India 1145:Free Press Journal 904:The Economic Times 853:Free Press Journal 801:The Times of India 785:. 17 October 2019. 747:The Economic Times 716:Canarahsbclife.com 698:The Economic Times 608:The Times of India 555:Sarang, Bindisha. 498:The Economic Times 46:and inappropriate 2498: 2497: 2494: 2493: 2490: 2489: 2347: 2346: 2244: 2243: 2128:Republic New York 2034:HSBC Saudi Arabia 2006:M&S Bank (UK) 1995:First Direct (UK) 1863:HSBC Private Bank 1853:HSBC InvestDirect 1812:Henri de Castries 1722: 1721: 1584: 1583: 1539: 1538: 1486: 1485: 1358: 1357: 1294:Kotak Mahindra GI 1240: 1239: 997:. 8 February 2021 977:Business Standard 936:Business Standard 722:on 19 August 2013 276: 275: 213:Money-back policy 80: 79: 72: 2553: 2446: 2425: 2289: 2271: 2264: 2257: 2248: 2235: 2230: 2229: 2221: 2216: 2215: 2169:HSBC Bank Panama 2164:HSBC Bank Canada 2159:HSBC Bank Brazil 1988:Subsidiary banks 1789: 1763: 1759: 1749: 1742: 1735: 1726: 1712: 1711: 1521: 1468: 1417:ICICI Prudential 1397:Canara HSBC Life 1325: 1299:Reliance General 1269:Cholamandalam MS 1222: 1213: 1198: 1197: 1186: 1179: 1172: 1163: 1156: 1155: 1153: 1151: 1137: 1131: 1130: 1128: 1126: 1112: 1103: 1102: 1100: 1098: 1083: 1077: 1076: 1075:. 16 March 2019. 1065: 1059: 1058: 1056: 1054: 1039: 1033: 1032: 1030: 1028: 1013: 1007: 1006: 1004: 1002: 987: 981: 980: 968: 962: 961: 946: 940: 939: 924: 915: 914: 912: 910: 896: 890: 889: 887: 885: 870: 864: 863: 861: 859: 845: 839: 838: 836: 834: 819: 813: 812: 810: 808: 803:. 30 August 2019 793: 787: 786: 775: 769: 768: 765:Moneycontrol.com 757: 751: 750: 738: 732: 731: 729: 727: 718:. 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