Canara Hsbc Life Insurance Company Limited · NSE:CANHLIFE
Canara Hsbc Life Insurance — H1 FY2026 Earnings Presentation
38 slides from Canara Hsbc Life Insurance's earnings presentation, Oct 27, 2025
Slide 1: Regulation 30 disclosure cover letter to exchanges
Date: 27th October 2025 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,
Slide 2: Investor Presentation H1-FY 2026
Investor Presentation H1-FY 2026
Slide 3: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 2
Slide 4: Snapshot Story: H1 FY 2026
Snapshot Story : H1 FY 2026 | Healthy financial performance with topline growth consistently surpassing industry averages Individual WPI Embedded Value| RoEV 1 Persistency 2 ₹ 9,752 Mn CY : ₹ 65,435 Mn | 17.4% 13M - CY : 84.4% | PY : 83.2% vs PY : +14% March 25 : ₹ 61,107 Mn 61M - CY : 58.4% | PY :
Slide 5: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 4
Slide 6: Strategic Priorities
Strategic Priorities Technology and analytics Distribution leverage and enablers expansion Levering advanced AI/Data Increase penetration in existing analytics to drive revenue channels and expand business and service improvements opportunities through new distribution avenues 04 Customer Centricity
Slide 7: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 6
Slide 8: Scalable distribution landscape
Scalable distribution landscape Canara HSBC RRB’s Others • 9,800+ branch network • Access to affluent retail • 7 RRBs across 6 states, • Digital: Active presence in across india, ensuring and NRI through HSBC’s Enabling direct access to key online platforms, and strong urban coverage and premium ban
Slide 9: Growth outpacing the Industry
Growth outpacing the Industry In ₹ billion Individual WPI CAGR % Industry Private Company 10 Yrs 5 Yrs 3 Yrs (FY15 - 25) (FY20 - 25) (FY22 - 25) 1,090 1,204 1,040 735 757 876 539 +2% 11% 10% 11% 408 850 684 739 551 384 +8% 16% 15% 16% 420 452 Persistency 200 22 17 17 10 +14% 21% 17% 17% 14 10 10 3 F
Slide 10: Sustainable growth
Sustainable growth In ` million Individual WPI Total APE +14% +15% Growth higher +11% 21,787 9,752 +11% Stable and 8,571 than industry 23,394 10,923 16,576 17,026 9,839 resilient growth (2%), and 18,837 18,878 maintained private over time insurers (8%) FY23 FY24 FY25 H1 FY25 H1 FY26 FY23 FY24 FY25 H
Slide 11: Comprehensive product portfolio
Comprehensive product portfolio Protection Solutions Wealth Creation Solutions Protection across all life stages — from early aspirations to lifelong security Market-linked growth with robust life cover for ambitious goals. ULIP Term Persistency Wide range of solutions catering to protection and sav
Slide 12: Persistency: Focus on quality of business and customer experience
Persistency1 | Focus on quality of business and providing superior customer experience Improvement across key cohorts Basis Premium H1 FY26 H1 FY25 84.4% 83.2% 73.9% 70.8% 65.8% 64.4% 62.0% 63.6% 58.4% 57.4% 82.5% 80.7% 13M 74.5% 75.3% 13 M 25 M 37 M 49 M 61 M 57.7% 55.4% Basis Policies 52.0% 77.3%
Slide 13: Financial Metrics at a glance
Financial Metrics at a glance | Sustainable and Consistent improvement In ` million Total Operating IEV VNB VNB % PAT Expense RoEV Ratio2 FY24 51,799 18.5% 3,776 20.0% 1,113 18.9% FY25 61,107 19.5% 4,461 19.1% 1,170 18.7% H1 FY25 55,888 1,777 18.1% 556 20.5% H1 FY26 65,435 17.4%1 2,143 19.6% 642 19.
Slide 14: Change in Embedded value (IEV)
Change in Embedded value (IEV) In ` million 2,143 156 117 (380) 65,633 (198) 65,435 61,107 2,489 42,604 49,437 Value of in-force business (VIF) Adjusted Net worth (ANW) 18,504 15,998 IEV Mar’25 Unwind VNB Operating Economic Dividend IEV Sep’25 Impact of GST IEV Sep’25 Variances Variances & Capital (
Slide 15: Value of New Business (VNB) movement
Sales Value of New Business (VNB) movement In ` million 193 60 (29) (59) 2,143 201 1,777 Year-on-year VNB growth of 21% Persistency H1 FY25 Business Business Change in Change in GST Impact H1 FY26 volume impact mix impact Operating Economic Assumptions Assumptions VNB margin* 18.1% 0.05% 1.8% 0.6% (
Slide 16: Healthy AUM growth
Healthy AUM growth Rating exposure Assets class composition 6% Sales 98% (Debt investment) 20% 34% Equity AAA & Sovereign Government Securities Debentures and Bonds Money Market Instruments and others 11% AUM 66:34 Debt Equity 40% Ratio Persistency Growth AUM : Linked/Non Linked Linked Non Linked AU
Slide 17: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 16
Slide 18: Creating customer ease with digital issuance journey
Creating customer ease with digital issuance journey Understanding customer Digitally enabled Leveraging technology in 1 need 2 application submission 3 underwriting ✓Holistic profiling via Digital journey. ✓Simplified Digital customer ✓Leveraging fintech/central agencies Integrated Financial Requir
Slide 19: Providing seamless experience from servicing to claims
Providing seamless experience from servicing to claims WhatsApp DIY (Digital mode) Digital claim submission 24*7 flexibility to place Anytime, anywhere, self Ease of Claim submission service requests & managed policy servicing via website & customer access policy details for select services app Cust
Slide 20: Our customer app providing anytime, anywhere access
Our customer app providing anytime, anywhere access Instant servicing, quick claims & round the clock access to policy information Launch date – 15/Aug/2023 App Rating – 4.6 4,68,000+ downloads Key Features - Personal details Management Renewal ❑ Update KYC, PAN, contact details ❑ Pay premium ❑ Addi
Slide 21: 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 Agile change delivery with ❑ Mobile App for S
Slide 22: Governance Framework – Board & Internal Level
Governance Framework – Board & Partner Bank Level Board of Directors Independent and experienced Board Board Level Policyholder protection , Nomination & Corporate With Profits Risk Management Audit Investment Committee Grievance redressal & Remuneration Social Responsibility Committee Committee Com
Slide 23: 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 24: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 23
Slide 25: Insurance maintains a steady share in a growing economy
Insurance maintains a steady share in a growing economy India GDP size (in $ trillion)1 Household Financial Savings Share of Insurance in Financial Savings2 of composition2 Household sector Physical savings Gross financial savings Currency & Deposits Shares & debentures Household savings as % of GDP
Slide 26: India remains vastly uninsured; huge potential for growth
India remains vastly uninsured; huge potential for growth Life insurance penetration1 Life insurance density2 8 7.4 7,000 7.1 7.1 6,264 6.8 7 6,000 6 5.5 5,000 5 5 2,245 4,000 (USD) 3,466 (%) 4 3.7 3.4 3.3 2,285 2.9 2.8 2.6 3,000 2,431 3 2,136 2.1 2 2,000 1,106 1,000 724 584 577 1 425 274 244 207 20
Slide 27: Under-tapped opportunity for retirement segment
Under-tapped opportunity for retirement segment Age wise population Pension market size as a % of GDP 146.2% 8.4 9.2 10.1 11.4 13.1 14.9 98.3% 90.1% 60.7 62.8 64.2 64.8 65.1 64.9 (%) 54.0% 31.3% 30.9 28.1 25.7 23.8 21.9 20.1 3.0% 2011 2016 2021 2026 2031 2036 India Japan Hong Kong Canada USA Austral
Slide 28: 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% 76% 74% 71% 59.5 70% 61% 55% 55% 54% 41.8 41% 30.1 27.3 19.1 19.9 13.9 13.6 10.1 9.7 7.5 5 FY14 FY16 FY18 FY20 FY23 FY25 Total Retail Loans (INR trillio
Slide 29: Industry new business trends
Industry new business trends Private LIC Individual WPI in Rs bn 850 684 739 401 452 356 351 354 384 287 246 291 305 155 FY17 FY19 FY21 FY23 FY24 FY25 H1 FY26 Private players Market share 54% 58% 60% 66% 68% 71% 71% Private 26% 12% 8% 24% 8% 15% 8% Growth % LIC 15% 5% -3% 9% -1% 1% -10% Overall 21%
Slide 30: Agenda
Agenda 1 Performance Snapshot 2 Strategic Priorities 3 Business Performance Customer Centricity with 4 Technology enablers 5 Macro and Industry Overview 6 Other Business Updates 29
Slide 31: Sensitivity Analysis: H1 FY26
Sensitivity Analysis : H1 FY26 Analysis based on key metrics Scenario Change in VNB % Change in EV Margin 1 Change in Increase by 1% 0.6% 1.9% Reference rate Decrease by 1% -0.7% -2.5% Increase by 10% 0.2% 1.1% Equity Market Movement Decrease by 10% -0.2% -1.1% Increase by 10% -1.0% -0.2% Persistenc
Slide 32: Consistently strong and steady performance over time
Consistently strong and steady performance over time Particulars H1 FY26 H1 FY25 FY25 FY24 FY23 Individual weighted premium income (“WPI”) ` Mn 9,752 8,571 21,787 17,026 16,576 Annualized premium equivalent (“APE”) ` Mn 10,923 9,839 23,394 18,878 18,837 Renewal business premium ` Mn 23,335 18,122 49
Slide 33: ESG – Environmental, Social, Governance
ESG – Environmental, Social, Governance Environmental Social Governance Digital-first solutions: Enhanced customer servicing Employee wellbeing: Emotional, mental, and physical Board excellence: A highly experienced and diverse through IVR, SMS, WhatsApp bots, and online portals health programs with
Slide 34: Awards & Accolades: H1 FY26
Awards & Accolades : H1 FY26 GPTW for Women 2nd in Top Investment House Top 100 India's Best Workplaces for Local Currency Bonds Women 2025, Large Category. (Indian Rupee) mCube Awards 2025 Unlocked Awards 2025 Best Content in Digital Integrated Best TVC Campaign Campaign 33
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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