Canara Hsbc Life Insurance Company Limited · NSE:CANHLIFE
Canara Hsbc Life Insurance — H1 FY27 Earnings Presentation
37 slides from Canara Hsbc Life Insurance's earnings presentation, Oct 9, 2026
Slide 1: Exchange filing cover letter for results presentation
9th October 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [East], Mumbai – 400051 Dalal Street, Fort, Mumbai
Slide 2: Investor Presentation H1 FY27
Investor Presentation H1 FY27
Slide 3: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 2
Slide 4: Financial Snapshot: H1 FY27 Consistent growth across key metrics
Financial Snapshot : H1 FY27 | Consistent growth across key metrics Individual WPI Embedded Value| RoEV 1 Persistency2 ₹ 11,167 Mn CY : ₹ 76,218 Mn | 19.8% 13M - CY : 85.6% | PY : 84.4% vs PY : 15% vs PY : 16% | 17.4% 61M - CY : 54.6% | PY : 55.5% Total APE Value of New Business Total AUM ₹ 12,497 M
Slide 5: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 4
Slide 6: Key strategic elements remain intact
Key strategic elements remain intact Technology and analytics Distribution leverage and enablers expansion Accelerate advanced AI/Data Continue to increase penetration analytics to drive revenue in existing channels and expand and service improvements business opportunities through new distribution
Slide 7: Scalable distribution landscape
Scalable distribution landscape GINYARD INTERNATIONAL CO. Diversified distribution engines across premium, mass, and rural segments providing a scalable platform for sustainable growth. Canara Bank HSBC Bank Other Channels Growth & Profitability Engine Premium & Profitability Engine Strategically Ex
Slide 8: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 7
Slide 9: Growth continues to remain better than the industry
Growth continues to remain better than the industry In ₹ billion Individual WPI CAGR % Industry Private Company 10 Yrs 5 Yrs 3 Yrs (FY16 - 26) (FY21 - 26) (FY23 - 26) 1,204 1,327 1,040 1,090 735 757 876 609 +13% 12% 12% 8% 441 850 955 684 739 431 +12% 15% 16% 12% 452 551 420 Persistency 227 26 22 11
Slide 10: Steady premium growth, 13M persistency improving
Steady premium growth, 13M persistency improving In ₹ million Individual WPI Total APE +15% +22% CAGR +14% +23% CAGR 25,930 11,167 12,497 9,752 27,987 10,923 21,787 23,394 17,026 18,878 FY24 FY25 FY26 H1FY26 H1FY27 FY24 FY25 FY26 H1FY26 H1FY27 Renewal Premium Premium persistency improving 85.6% 84.4
Slide 11: Product and channel mix
Product and channel mix | higher traditional mix, supported by protection growth Product mix – APE basis Product mix – NBP basis H1 FY27 H1 FY26 H1 FY27 H1 FY26 2% 14% 12% 5% 16% 25% 12% 6% 30% 10% 41% 5% 8% 50% 10% 8% 15% 10% 17% 40% 38% 25% ULIP Protection Annuity ULIP Protection Annuity Savings (
Slide 12: Other key metrics grew well
Other key metrics grew well Gross Premium1 grew at a steady pace Commission ratio remains rangebound +17% 6.3% 6.2% +19% CAGR 5.8% 6.1% 6.0% 1,00,456 47,423 40,421 80,275 71,287 FY24 FY25 FY26 H1FY26 H1FY27 FY24 FY25 FY26 H1FY26 H1FY27 AUM - Key indicators Asset class composition ₹ 502 bn 7% Sales 1
Slide 13: Improving VNB trajectory
Improving VNB trajectory | Healthy growth continues In ₹ million 102 -245 Sales 325 2,658 332 2,143 Persistency Year-on-year VNB growth of 24% Sept’25 Business Business mix impact Assumption changes Expenses impact Sept’26 volume impact VNB margin* 19.6% 0.2% 2.6% 0.8% (2.0%) 21.3% * Numbers may not
Slide 14: Financial Metrics at a glance
Financial Metrics at a glance In ₹ million Total Operating IEV VNB VNB % PAT Expense RoEV Ratio1 FY25 61,107 19.5% 4,461 19.1% 1,170 18.7% FY26 72,333 20.7% 6,273 22.4% 1,266 18.7% H1 FY26 65,435 17.4%# 2,143 19.6% 642 19.0%* H1 FY27 76,218 19.8%# 2,658 21.3% 712 20.5%* +16% +24% +11% 1 Total Expens
Slide 15: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 14
Slide 16: Customer, business, people-centric and efficient AI-ML solutions
Customer, business, people-centric and efficient AI-ML solutions 4 Bedrocks of our business Customer Revenue Controls/ Efficiencies People Automated Quality Check Faster policy issuance Increased conversions, Increasing productivity (QC), 3x call sample size, and improved customer improved collectio
Slide 17: Revolutionizing Underwriting Efficiency and Accuracy
Revolutionizing Underwriting Efficiency and Accuracy UW Copilot is set to transform underwriting by enhancing efficiency, ensuring accuracy, and ultimately leading to improved risk management and decision-making practices Overview An industry-leading GenAI platform transforming life insurance underw
Slide 18: Driving Scale Through a Robust Digital Ecosystem
Driving Scale Through a Robust Digital Ecosystem Instant servicing, quick claims & round the clock access to policy information DIY Navigation guidance 6 Lacs+ unique customers on 80% customer’s chose to use DIY option from the DIY requests Interactive navigation support for first-time users. Step-b
Slide 19: Building an Adaptive, Agentic Enterprise
Building an Adaptive, Agentic Enterprise AI in underwriting today and extensive use in development. A disciplined path to enterprise-wide intelligence 2 3 1 2 3 2 PIPELINE STRATEGIC AMBITION IN USE TODAY AI in underwriting AI across the value chain An adaptive enterprise A foundation for broader Con
Slide 20: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 19
Slide 21: India remains vastly uninsured; huge potential for growth
India remains vastly uninsured; huge potential for growth Life insurance penetration1 Life insurance density2 9.2 5,923 In (%) In (USD) 4,827 7.5 6.5 6.5 6.4 3,011 2,833 2,539 2,300 4.2 3.8 2,084 1,809 1,501 3.3 2.7 2.7 2.7 2.7 2.4 448 313 201 72 UK Taiwan Singapore France Japan# South Korea Malaysi
Slide 22: Under-tapped opportunity for retirement segment
Under-tapped opportunity for retirement segment Projected age-wise population Pension market size as a % of GDP 146.2% 28% 26% 24% 22% 20% 0-14 31% 98.3% 90.1% 65% 65% 65% 54.0% 15-59 61% 63% 64% 31.3% 60+ 8% 9% 10% 11% 13% 15% 3.0% 2011 2016 2021 2026P 2031E 2036E India Japan Hong Canada USA Austra
Slide 23: Opportunities to grow credit life with growing retail lending
Opportunities to grow credit life with growing retail lending Protection gap highest for India(1) Retail credit is growing at a healthy pace(2) (Rs tn) 83% 69.4 76% 74% 71% 70% 59.5 61% 55% 55% 54% 41.8 41% 30.1 33.6 27.3 19.1 19.9 13.9 13.6 10.1 7.5 9.7 5.0 India Indonesia Malaysia Thailand China J
Slide 24: India is growing rapidly with insurance holding a steady share
India is growing rapidly with insurance holding a steady share GDP growth rate%1 India's working-age population Household Financial Savings Share of Insurance in Financial India China UK USA expected to grow to 988 mn by composition3 Savings3 of Household sector 10 20365 Household savings as % of Gr
Slide 25: Sustainable Growth: India's Next Big Leap
Sustainable Growth: India’s Next Big Leap Income growth across cohorts India’s GDP Per Capita1 (USD) India’s middle - income segment as % of Top cities- Average annual growth in middle- all households2 income households3 +9% 4,421 Bhopal 5% +3% 61% Jamshedpur 5% Patna 5% 2,675 2,813 47% Indore 5% 31
Slide 26: Industry new business trends
Industry new business trends Private LIC Individual WPI (Rs bn) 955 850 684 739 401 420 452 431 357 315 356 351 354 372 287 246 278 291 305 178 FY17 FY18 FY19 FY20 FY21 FY23 FY24 FY25 FY26 6M FY27 Private players Market share 54% 58% 60% 66% 68% 71% 72% 71% Private 26% 12% 8% 24% 8% 15% 12% 12% Grow
Slide 27: Agenda
Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with 4 Technology enablers Macro and Industry Overview 5 Other Business Updates 6 26
Slide 28: Key performance indicators
Key performance indicators H1 FY27 H1 FY26 FY26 FY25 FY24 Individual weighted premium income (“WPI”) ` Mn 11,167 9,752 25,930 21,787 17,026 Annualized premium equivalent (“APE”) ` Mn 12,497 10,923 27,987 23,394 18,878 Renewal business premium ` Mn 27,583 23,335 61,287 49,059 42,276 Total Premium Inc
Slide 29: Key metrics – Quarterly trends
Key metrics – Quarterly trends In ₹ million Individual WPI Total APE 6,469 6,644 5,763 5,996 5,853 5,138 5,119 4,928 4,698 4,720 3,989 3,428 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 FY 25 FY26 FY27 FY 25 FY26 FY27 Product mix 8% 3% 11% 6% 13% 9% 10% 15% 13% 15% 17% 14% 25% Group Non ULIP - Savings 35% 25
Slide 30: Comprehensive retail product portfolio
Comprehensive retail product portfolio Long Term Savings Life Protection Retirement Planning Unit Linked (*) Guaranteed Riders Participating (*) Launched in Q2FY27 29
Slide 31: Financial Risk Management
Financial Risk Management Hedging Pricing & Risk monitoring ✓ Natural hedge within the ✓ Active review of pricing in line policyholder funds with interest rate movements ✓ Comprehensive Hedging ✓ Product pricing based on prudent program through Derivatives to assumptions and pricing approach hedge i
Slide 32: ESG – Environmental, Social, Governance
ESG – Environmental, Social, Governance E S S G 146 GJ * 37.2% * 3,368 * 2 Renewable energy generated Women in the workforce CSR beneficiaries ISO certifications 9001 & 27001 * Till Sep’2026 E ENVIRONMENTAL S SOCIAL G GOVERNANCE Climate | Energy | Emissions | Waste Employees | Diversity | Community
Slide 33: Awards & Accolades
Awards & Accolades Great Place To Work India’s Best Workplaces for Women - Top 50 viDEA Awards 2026 ‘Say Yes to Life Insurance’: Best Video Content in a Trend/Moment Marketing Campaign ‘Promises Forever’: Best Video Content in a Viral Marketing Campaign mCube Awards 2026 "Plan Smart, Live Secure“: B
Slide 34: Abbreviations (1/2)
Abbreviations (1/2) • Annualized Premium Equivalent (APE): APE is Annualized premium equivalent is calculated by summing the annualized first-year premiums of regular premium policies and 10% of the single premiums • Individual Weighted Premium Income (Individual WPI): Individual WPI is defined as s
Slide 35: Abbreviations (2/2)
Abbreviations (2/2) • Value of New Business (VNB): Value of new business is the present value of expected future earnings from new policies written and it reflects the additional value to shareholders expected to be generated through the activity of writing new policies. • Embedded Value (EV): Embed
Slide 36: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of Canara HSBC Life Insurance Co. Ltd in India or in any other jurisdiction. This presentation is not intended to be a prospect
Slide 37: Thank you
Thank you For queries, please reach out to Investor Relation team - Amit Jain (amit.jain3@canarahsbclife.in) 36
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