Canara HSBC Life Insurance Partners with HSBC GIFT City Branch

Canara HSBC Life Insurance Company Ltd has executed a Corporate Agency Agreement with The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch (HSBC IBU) on August 25, 2026. This agreement allows for the distribution of Canara HSBC Life Insurance's products through HSBC IBU's branch in GIFT City, Gujarat. HSBC IBU is an IFSC Banking Unit of The Hongkong and Shanghai Banking Corporation Limited, which is a promoter group entity of Canara HSBC Life Insurance. The transaction is confirmed to be at an arm's length basis. Commissions will be paid as per the company's board-approved policy. No other significant terms, shareholding, or director appointments are involved.