Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance Company Ltd has received an ESG rating of "71" for the financial year 2025-26 from NSE Sustainability Ratings & Analytics Limited. This rating was assigned independently by NSE Sustainability Ratings & Analytics, a SEBI-registered Category I ESG Rating Provider, based on publicly available information. The company has not engaged NSE Sustainability Ratings & Analytics for this service. The rating is accessible on the NSE ESG rating website, and the company will also place this intimation on its own website.

Canara HSBC Life Insurance reported unaudited financial results for the half-year ended September 30, 2026. The company achieved a Value of New Business (VNB) of ₹266 crore, a 24% year-on-year growth, with a VNB margin of 21.3%. Embedded Value (EV) reached ₹7,622 crore, with an operating RoEV of 19.8%. New Business Premium grew by 16.1% to ₹1,984 crore, and Individual Weighted Premium Income (WPI) increased by 14.5% to ₹1,117 crore. The protection business saw significant growth of 44%, contributing 10.5% to the total APE. Assets Under Management (AUM) grew 14% to ₹50,200 crore. Profit After Tax (PAT) was ₹71.2 crore, up 10.8% year-on-year. The company also launched a new protection product, Promise2Secure, and was recognized as one of India's Best Workplaces for Women.

Canara HSBC Life Insurance Company Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on October 9, 2026. The financial statements were reviewed by the Audit Committee and subsequently approved by the Board. The company's joint statutory auditors, Brahmayya & Co. and M Bhaskara Rao & Co., have issued a limited review report without any observations. The results are available on the company's website.

Canara HSBC Life Insurance Company Ltd announced that its Board of Directors, in a meeting held on October 9, 2026, approved the raising of funds through the issuance of Non-Convertible Debentures (NCDs) amounting to ₹2,87,50,00,000 (₹287.5 Crore). These NCDs will be in the nature of subordinated debt instruments and will be issued on a private placement basis. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The statutory auditors have issued a limited review report without any observations.

Canara HSBC Life Insurance Company Ltd announced the outcome of its Board Meeting held on October 9, 2026. The Board approved the Unaudited Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the company received approval for raising funds up to ₹2,875 Crore by issuing Non-Convertible Debentures on a private placement basis, subject to necessary approvals. The statutory auditors have issued a limited review report without any observations.

Canara HSBC Life Insurance Company Ltd has announced a Board of Directors meeting scheduled for October 9, 2026. The primary agenda items include the approval of the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report. Additionally, the board will consider a proposal for raising funds through the issuance of non-convertible debentures. The company also informed that the trading window for dealing in its securities will remain closed until 48 hours after the declaration of these financial results.

Canara HSBC Life Insurance Company Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from Thursday, October 1, 2026, and will remain in effect until 48 hours after the announcement of the unaudited financial results for the quarter ending September 30, 2026. The company will separately announce the date of the board meeting to consider these financial results. All designated persons, their immediate relatives, and other insiders are prohibited from trading in the company's securities during this period, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Canara HSBC Life Insurance Company Ltd has been fined ₹1 Crore by the Insurance Regulatory and Development Authority of India (IRDAI) following an order dated September 10, 2026. The penalty was levied due to issues related to misselling of a policy, stemming from a social media post. The IRDAI also issued additional directions to the company, requiring an action-taken report within specified timelines. The company stated that the financial impact is limited to the penalty amount and no operational impact is expected. The matter pertains to violations under the Protection of Policyholder Regulations, 2024 and Corporate Governance Regulations, 2024.

Canara HSBC Life Insurance Company Ltd announced the re-appointment of Dr. Kishore Kumar Sansi and Mr. Supratim Bandyopadhyay as Non-Executive Independent Directors. Both directors will serve a second term of three consecutive years, commencing from October 27, 2026, and November 28, 2026, respectively. The re-appointments are subject to shareholder approval. The company confirmed that both individuals meet the independence criteria as per SEBI regulations and the Companies Act, 2013, and are not debarred from holding directorships. This move reinforces the company's board stability and governance structure.

Canara HSBC Life Insurance Company Ltd announced the resignation of its Chief Financial Officer, Mr. Tarun Rustagi. Mr. Rustagi has tendered his resignation to pursue growth opportunities outside the organization. His resignation has been accepted by the company, and his last working day is scheduled for November 24, 2026. Mr. Rustagi expressed gratitude for his seven-year tenure, highlighting the company's financial strength, data orientation, and successful listing as key achievements. He has offered to assist in ensuring a smooth transition.