CANHLIFE

Canara HSBC Life Insurance is a private life insurance company headquartered in Gurugram, India. Incorporated in 2007, it was formed as a joint venture around 2007–2008 between Canara Bank, HSBC Insurance (Asia Pacific) Holdings Limited, and Punjab National Bank (PNB). At inception in 2008, the shareholding structure comprised Canara Bank with 51%, HSBC Insurance (Asia Pacific) Holdings Limited with 26%, and PNB holding 23%. The company offers products and services in life insurance, savings, and retirement solutions, delivered through bancassurance, digital, and agency channels. Its business segments focus on life insurance, savings solutions, and retirement solutions within the Indian market. In 2022, following PNB's exit from the joint venture, the company was renamed Canara HSBC Life Insurance. There is some discrepancy in sources regarding incorporation timing, with some citing 2007 and others 2008 as the joint venture formation year.