Canara Hsbc Life Insurance Company Limited · NSE:CANHLIFE
Canara Hsbc Life Insurance — Q1 FY27 Earnings Presentation
38 slides from Canara Hsbc Life Insurance's earnings presentation, Jul 20, 2026
Slide 1: Stock exchange disclosure letter
20th July 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 Q1 FY27
Investor Presentation Q1 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: Q1 FY27 | Healthy growth across key metrics
Financial Snapshot : Q1 FY27 | Healthy growth across key metrics Individual WPI Embedded Value| RoEV 1 Persistency2 ₹ 4,698 Mn CY : ₹ 73,828 Mn | 19.7% 13M - CY : 85.9% | PY : 84.0% vs PY : 18% vs PY : 16% | 15.7% 61M - CY : 55.3% | PY : 55.3% Total APE Value of New Business Total AUM ₹ 5,853 Mn ₹ 1
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 better than the industry
Growth 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 1,090 735 757 876 261 +16% 12% 12% 8% 441 850 955 684 739 179 +15% 15% 16% 12% 452 551 420 Persistency 227 26 22 4.7 +18% 19% 20% 16% 1
Slide 10: Premium growth healthy, superior 13M persistency
Premium growth healthy, superior 13M persistency In ₹ million Individual WPI Total APE +18% +22% CAGR +19% +23% CAGR 25,930 4,698 5,853 27,987 21,787 3,989 4,928 23,394 17,026 18,878 FY24 FY25 FY26 Q1 FY26 Q1FY27 FY24 FY25 FY26 Q1 FY26 Q1FY27 Renewal Premium Persistency improving 85.9% 84.0% +20% CA
Slide 11: Product and channel mix
Product and channel mix | focus on traditional segments with robust protection growth Product mix – NBP basis Product mix – APE basis Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 1% 14% 11% 17% 10% 15% 5% 4% 1% 24% 10% 36% 7% 13% 49% 11% 9% 13% 52% 51% 18% 26% ULIP Protection Annuity ULIP Protection Annuity Savi
Slide 12: Other key metrics showing consistent growth
Other key metrics showing consistent growth Gross Premium grew at a steady pace Commission ratio remains rangebound +24% 6.3% 6.2% +19% CAGR 5.8% 5.5% 5.4% 100,456 21,611 80,275 17,472 71,287 FY24 FY25 FY26 Q1 FY26 Q1FY27 FY24 FY25 FY26 Q1 FY26 Q1FY27 AUM - Key indicators Assets class composition ₹
Slide 13: Improving VNB trajectory | Driving profitable growth
Improving VNB trajectory | Driving profitable growth In ₹ million 42 -111 159 Sales 1,236 186 960 Year-on-year VNB growth of 29% Persistency Jun’25 Business Business mix impact Assumption changes Expenses impact Jun’26 volume impact VNB margin* 19.5% 0.1% 2.7% 0.7% (1.9%) 21.1% * Numbers may not add
Slide 14: Financial Metrics at a glance
Financial Metrics at a glance | Sustainable and Consistent improvement 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% Q1 FY26 63,526 15.7%# 960 19.5% 234 19.6% Q1 FY27 73,828 19.7%# 1,236 21.1% 28
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 1. Industry first GenAI-powered underwriting solution that automates
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 5.5 Lacs+ unique customers on Digital Application Journey- Customer App Mobile App – (rating 4.5 )* 24*7 flexibility to place service requests & access policy details. Enha
Slide 19: Scalable Business & Secure Architecture
Scalable Business & Secure Architecture Cloud & Microservices based Infrastructure Microservices Based Open-Source Architecture Cloud Elasticity and Scale Cloud Native Applications Secure Environment & Data API & SDK Based Integrations Tier 4 Data Center CURRENT STATE Agile Change Delivery with Dev
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 is growing rapidly with insurance holding a steady share
India is growing rapidly with insurance holding a steady share GDP growth rate%1 India GDP size Household Financial Savings Share of Insurance in Financial (in $ trillion)2 composition3 Savings3 of Household sector India China UK USA Physical savings Gross financial savings 10 Currency & Deposits Sh
Slide 22: 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 3.3 1.501 2.7 2.7 2.7 2.7 2.4 448 313 201 72 UK Taiwan Singapore France Japan# South Korea Malaysi
Slide 23: Under-tapped opportunity for retirement segment
Under-tapped opportunity for retirement segment Age wise population projected 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 2026 2031 2036 India Japan Hong Canada US
Slide 24: Sustainable Growth: India's Next Big Leap
Sustainable Growth: India’s Next Big Leap Income growth across cohorts India’s Per Capita Income1 (USD) Merging Lines between India & Bharat2 India Bharat Monthly Household Income Growth in Graduate & Postgraduate (FY17- FY23 CAGR)3 (FY17- FY23 CAGR)3 +14% 5,000 5.6% 2,600 7.8% 5.6% 8.4% India FY25
Slide 25: Sustainable Growth: India's Next Big Leap
Sustainable Growth: India’s Next Big Leap MPI based on NFHS-4 (2015-2016) MPI based on NFHS-5 (2019-2021) Rising affluence India’s middle-income segment as % of all households2 +4% 46% 30% 2020 2030 Top 10 cities- Average annual growth in middle- income households3 Bhopal 5% Jamshedpur 5% Patna 5% I
Slide 26: 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) 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 Japan Sou
Slide 27: Industry new business trends
Industry new business trends Private LIC Individual WPI (Rs bn) 955 850 684 739 401 420 452 357 315 356 351 354 372 287 246 278 291 305 179 82 FY17 FY18 FY19 FY20 FY21 FY23 FY24 FY25 FY26 3M FY27 Private players Market share 54% 58% 60% 66% 68% 71% 72% 69% Private 26% 12% 8% 24% 8% 15% 12% 15% Growt
Slide 28: 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 27
Slide 29: Key performance indicators
Key performance indicators Q1 FY27 Q1 FY26 FY26 FY25 FY24 Individual weighted premium income (“WPI”) Mn 4,698 3,989 25,930 21,787 17,026 Annualized premium equivalent (“APE”) Mn 5,853 4,928 27,987 23,394 18,878 Renewal business premium Mn 11,174 9,137 61,287 49,059 42,276 Total Premium Income (NB+RB
Slide 30: Comprehensive retail product portfolio
Comprehensive retail product portfolio Long Term Savings Life Protection Retirement Planning Unit Linked Riders Guaranteed Participating 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 −23% 100% 36.7% 6,362 2 E S S S G Scope 1+2 emissions YoY Employees trained Women in workforce CSR beneficiaries ISO certifications 1,847 tCO₂e in FY26 Health, safety & skilling 3,557 of 9,697 employees 9001 & 27001 E ENVIRONMENTAL S SOCIAL G GOVERNANCE Climat
Slide 33: Awards & Accolades: First Time Hattrick!
Awards & Accolades First Time Hattrick! Celebrating a culture that puts people first India’s Best Companies to India’s Best Workplaces in Great Place To Work - Work For 2026 - Top 100 Life Insurance Top 25 in BFSI This milestone, along with being GPTW-certified for five consecutive years, reflects o
Slide 34: Awards & Accolades
Awards & Accolades LinkedIn Talent Connect India AI Powered Learning Champion Bharat Insurance Summit & Awards 2026 Mr. Soly Thomas - Outstanding Leadership, Bancassurance Mr. Ritesh Rathod - AI & Data Leader of the Year Mr. Rishi Mathur - CMO of the Year, Life Insurance 15th ACEF Global Customer En
Slide 35: 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 36: 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 37: 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 38: Thank you
Thank you For queries, please reach out to Investor Relation team - Amit Jain (amit.jain3@canarahsbclife.in) 37
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