Canara HSBC Life Insurance Company Ltd. share price target

Company is a private life insurer in India and promoted by Canara Bank (which ranks as the fourth largest public sector bank by total assets in India as at March 31, 2025), according to the CRISIL Report and HSBC Insurance (Asia-Pacific) Holdings Limited, a member of The Hongkong and Shanghai Banking Corporation Limited (HSBC) group, whose global reputation as a financial institution adds credibility and brand value to company. According to the CRISIL Report, company's...

Expanding market share through diversification: While bancassurance contributed 92.3% of new business premiums in FY25, the Company is adding brokers, NBFCs, digital platforms and agency channel. This helped individual WPI market share rise from 1.56% in FY24 to 1.81% in FY25. Digital & tech transformation: Heavy IT investment (934 crore in FY25; 2nd highest among peers) has enabled 87% of service requests via digital channels and turnaround time of 1 day for non-financial servicing, boosting efficiency and customer satisfaction....

IPO Note

CANARA HSBC LIFE has maintained a high Claim Settlement Ratio of 98%-99% and solvency ratio stood of 200.42%, both of which are way ahead of industry standards. Apart from a wide range of products, catering to various customers, it has been able to leverage the strong branch network of its parent Canara Bank for effective distribution and servicing its customers. Keeping in mind its strong growth prospects we would recommend a SUBSCRIBE to the issue....

Canara HSBC Life Insurance Company Ltd (CHLICL) is a leading private life insurer in India, jointly promoted by Canara Bank and HSBC Insurance (AsiaPacific) Holdings Ltd, a subsidiary of The Hongkong & Shanghai Banking Corporation Ltd. As of Mar'25, the company ranked 3rd among public sector bank-led life insurers in terms of the number of lives covered and held the third-largest AUM among peers. Its product suite spans across multiple segments, catering to both individual and group customers, comprising 20 individual products, 7 group products, and 2 optional rider...