Latest news with #CanaraHSBCLifeInsuranceCompany
Time of India
16-06-2025
- Business
- Time of India
Canara HSBC Life Insurance signs Jasprit Bumrah and Sanjana Ganesan as brand ambassadors
Canara HSBC Life Insurance Company ('Canara HSBC Life Insurance'), has announced the onboarding of India's fast-bowling spearhead Jasprit Bumrah and his partner and sports presenter , Sanjana Ganesan as brand ambassadors. This partnership brings to life the brand's core philosophy of being a ' Promises Ka Partner ' — a dependable ally who stands by customers as they plan, protect, and pursue their life goals . In Bumrah and Ganesan, Canara HSBC Life Insurance sees a shared journey built on trust, responsibility and commitment — values that lie at the heart of excellence in their on-field achievements as well as life insurance as a domain. The real-life couple who embodies the very spirit of being there when it matters, just like a true 'Promises Ka Partner,' the company stated in a press release. Rishi Mathur, chief distribution officer- alternate channels and chief marketing officer, Canara HSBC Life Insurance, while commenting on the announcement said, 'Our philosophy of being a 'Promises Ka Partner' reflects this commitment in how we engage with all our customers. Bumrah and Ganesan embody this ethos in a way that feels both natural and inspiring. His consistency and quiet resilience mirror the trust our customers place in us. Ganesan brings with her a voice of credibility, and connection — traits that are foundational to how we communicate as a brand. Together, they help bring our brand to life in a way that's authentic, relevant, and deeply aligned with the people we aim to serve.' Bumrah, while commenting on the partnership, said, 'Partnering with Canara HSBC Life Insurance feels like a natural fit. They understand the value of showing up for people, consistently — just like a true partner should.' Ganesan added, 'To me, being a partner means being dependable — not just when it's convenient, but when it truly counts. That's what drew me to Canara HSBC Life Insurance and their 'Promises Ka Partner' philosophy.' Together, Bumrah and Ganesan reflect the aspirations of today's modern Indian couple — planning jointly, sharing responsibilities, and building a secure future together. Their story reflects the essence of the Canara HSBC Life Insurance brand: to be present through life's milestones, enable long-term confidence, and turn aspirations into enduring achievements. The brand will soon launch a series of integrated campaigns and storytelling-led initiatives anchored in this partnership, aimed at deepening engagement across key customer segments — from digitally native millennials to families and emerging affluent audiences.
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Business Standard
29-04-2025
- Business
- Business Standard
Canara HSBC Life Insurance Company files for initial public offering
India's Canara HSBC Life Insurance Company has filed for an initial public offering, draft papers showed on Tuesday, with its existing shareholders looking to sell their stake. Canara HSBC Life Insurance Company is a joint venture promoted by India's state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares. Canara Bank will sell up to 137.75 million shares via the listing, according to the draft papers, while HSBC Insurance (Asia-Pacific) Holdings will sell up to 4.75 million shares. Punjab National Bank ( the company's only other shareholder holding the remaining 23 per cent stake, plans to sell up to 95 million shares. The listing comes at a time when rising global market volatility, driven by flip-flops by the US on tariffs, is forcing companies to recalibrate IPO ambitions to avoid weak demand or failed listings. India was the world's second-largest market by IPO proceeds in 2024. However, listings are down nearly 15 per cent this year, data compiled by LSEG showed. Canara HSBC Life Insurance Company reported a profit after tax of ₹113 crore in fiscal year ended March 2024, 24.3 per cent higher than the year earlier, its draft prospectus showed. Revenue, however, was marginally lower by 1 per cent over the same period. It is yet to report results for fiscal 2025. This is the second IPO by a Canara Bank-backed company in recent times, following last week's filing by Canara Robeco Asset Management Company.
Time of India
29-04-2025
- Business
- Time of India
Canara HSBC Life Insurance Company files IPO papers
India's Canara HSBC Life Insurance Company has filed for an initial public offering, draft papers showed on Tuesday, with its existing shareholders looking to sell their stake. Canara HSBC Life Insurance Company is a joint venture promoted by India's state-owned Canara Bank , which owns a 51% stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26%. The insurance firm, which manages more than 400 billion rupees ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares. Canara Bank will sell up to 137.75 million shares via the listing, according to the draft papers, while HSBC Insurance (Asia-Pacific) Holdings will sell up to 4.75 million shares. Punjab National Bank ( the company's only other shareholder holding the remaining 23% stake, plans to sell up to 95 million shares. Live Events The listing comes at a time when rising global market volatility, driven by flip-flops by the U.S. on tariffs, is forcing companies to recalibrate IPO ambitions to avoid weak demand or failed listings. India was the world's second-largest market by IPO proceeds in 2024. However, listings are down nearly 15% this year, data compiled by LSEG showed. Canara HSBC Life Insurance Company reported a profit after tax of 1.13 billion rupees in fiscal year ended March 2024, 24.3% higher than the year earlier, its draft prospectus showed. Revenue, however, was marginally lower by 1% over the same period. It is yet to report results for fiscal 2025. This is the second IPO by a Canara Bank-backed company in recent times, following last week's filing by Canara Robeco Asset Management Company. ($1 = 85.1340 Indian rupees)
Reuters
29-04-2025
- Business
- Reuters
India's Canara HSBC Life Insurance Company files for initial public offering
April 29 (Reuters) - India's Canara HSBC Life Insurance Company has filed for an initial public offering, draft papers showed on Tuesday, with its existing shareholders looking to sell their stake. Canara HSBC Life Insurance Company is a joint venture promoted by India's state-owned Canara Bank ( opens new tab, which owns a 51% stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26%. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The insurance firm, which manages more than 400 billion rupees ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares. Canara Bank will sell up to 137.75 million shares via the listing, according to the draft papers, while HSBC Insurance (Asia-Pacific) Holdings will sell up to 4.75 million shares. Punjab National Bank ( the company's only other shareholder holding the remaining 23% stake, plans to sell up to 95 million shares. The listing comes at a time when rising global market volatility, driven by flip-flops by the U.S. on tariffs, is forcing companies to recalibrate IPO ambitions to avoid weak demand or failed listings. India was the world's second-largest market by IPO proceeds in 2024. However, listings are down nearly 15% this year, data compiled by LSEG showed. Canara HSBC Life Insurance Company reported a profit after tax of 1.13 billion rupees in fiscal year ended March 2024, 24.3% higher than the year earlier, its draft prospectus showed. Revenue, however, was marginally lower by 1% over the same period. It is yet to report results for fiscal 2025. This is the second IPO by a Canara Bank-backed company in recent times, following last week's filing by Canara Robeco Asset Management Company.
