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Engaged Employer
Canara HSBC Life Insurance
3.7
based on 2k Reviews
Video summary
Company Overview
Company Locations
Working at Canara HSBC Life Insurance
Company Summary
With an aim to provide simpler insurance and faster claim processes, Canara HSBC Life Insurance intends to keep the promises of its customers alive with their “Promises Ka Partner” philosophy.
Overall Rating
3.7/5
based on 2k reviews
3% below
industry average
Work Policy
Work from office
86% employees reported
Monday to Saturday
64% employees reported
Strict timing
52% employees reported
Within city
60% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
105 employees reported
Health insurance
86 employees reported
Cafeteria
26 employees reported
Office cab/shuttle
21 employees reported
View all benefits
About Canara HSBC Life Insurance
Founded in2008 (17 yrs old)
India Employee Count5k-10k
Global Employee Count5k-10k
India HeadquartersGurgaon/Gurugram, Haryana, India
Office Locations
Websitecanarahsbclife.com
Primary Industry
Other Industries
View in video summary
Established in 2008, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (51 per cent) and HSBC Insurance (Asia Pacific) Holdings Limited (26 per cent). Punjab National Bank is also a shareholder of the Company, holding 23 per cent as an investor. One of the major bancassurance conglomerate with its head office at Gurugram, Haryana and more than 100 branch offices pan India, brings together the trust and market knowledge of public and private banks.
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Canara HSBC Life Insurance Ratings
based on 2k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
889
4
436
3
261
2
128
1
320
Category Ratings
3.7
Salary
3.6
Work-life balance
3.5
Company culture
3.5
Skill development
3.5
Promotions
3.4
Job security
3.4
Work satisfaction
Canara HSBC Life Insurance is rated 3.7 out of 5 stars on AmbitionBox, based on 2k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Canara HSBC Life Insurance
based on 2k reviews
3.8
Rated by 479 Women
Rated 3.9 for Salary and 3.7 for Skill development
3.6
Rated by 1.5k Men
Rated 3.7 for Salary and 3.5 for Work-life balance
Work Policy at Canara HSBC Life Insurance
based on 320 reviews in last 6 months
Work from office
86%
Hybrid
10%
Permanent work from home
4%
Canara HSBC Life Insurance Reviews
Top mentions in Canara HSBC Life Insurance Reviews
+ 5 more
Compare Canara HSBC Life Insurance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 2k reviews | 4.0/5 based on 6.7k reviews | 4.1/5 based on 5.9k reviews | 3.9/5 based on 10k reviews |
Highly Rated for | No highly rated category | Job security Skill development Salary | Skill development Company culture Work-life balance | Skill development Work-life balance Job security |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 86% employees reported | Work from office 88% employees reported | Work from office 82% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 3.8 Good rated by 479 women | 3.9 Good rated by 1.5k women | 4.1 Good rated by 1.3k women | 3.8 Good rated by 2.1k women |
Rating by Men Employees | 3.6 Good rated by 1.5k men | 4.1 Good rated by 4.9k men | 4.1 Good rated by 4.3k men | 4.0 Good rated by 7.5k men |
Job security | 3.4 Average | 4.1 Good | 3.9 Good | 3.8 Good |
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Canara HSBC Life Insurance Salaries
Canara HSBC Life Insurance salaries have received with an average score of 3.7 out of 5 by 2k employees.
Relationship Officer
(607 salaries)
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₹2.2 L/yr - ₹4.8 L/yr
Senior Relationship Officer
(378 salaries)
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₹2.7 L/yr - ₹5.5 L/yr
Sales Officer
(271 salaries)
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₹2 L/yr - ₹4.3 L/yr
Cluster Business Manager
(246 salaries)
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₹4.5 L/yr - ₹13 L/yr
Executive Relationship Officer
(205 salaries)
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₹3.8 L/yr - ₹6.4 L/yr
Senior Sales Officer
(204 salaries)
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₹3 L/yr - ₹5 L/yr
Relationship Manager
(203 salaries)
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₹2.5 L/yr - ₹6 L/yr
Cluster Business Head
(202 salaries)
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₹5.3 L/yr - ₹12 L/yr
Team Lead
(145 salaries)
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₹3 L/yr - ₹7.6 L/yr
Credit Life Officer
(121 salaries)
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₹2.3 L/yr - ₹3.8 L/yr
Canara HSBC Life Insurance Interview Questions
A Relationship Officer was asked 8mo agoQ. How do you convince a customer?
A Credit Life Officer was asked Q. How would you sell the product?
A Relationship Manager was asked Q. If the target is not met, what is the next step?
A Regional Business Head was asked Q. Life insurance experience and team handling experience with PSU and op...read more
A Cluster Manager was asked Q. How will you generate leads?
Canara HSBC Life Insurance Jobs
Popular Designations Canara HSBC Life Insurance Hires for
Deputy Manager
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Compliance Consultant
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Data Transformation Analyst
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Popular Skills Canara HSBC Life Insurance Hires for
Current Openings
Canara HSBC Life Insurance News
Canara HSBC Life Insurance files papers for IPO
- Canara HSBC Life Insurance has filed papers for an IPO.
- The IPO consists of an offer for the sale of up to 23.75 crore equity shares.
- Promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, Canara HSBC Life Insurance had a net profit of ₹113 crore in FY24.
- The shares will be listed and traded on NSE and BSE post-IPO.
HinduBusinessLine | 29 Apr, 2025
Canara HSBC Life Insurance Company files for IPO
- Canara HSBC Life Insurance Company, a joint venture between Canara Bank and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, has filed for an IPO.
- The insurance company manages over $4.7 billion in assets and plans to offer its existing shares without issuing fresh shares in the IPO.
- Canara Bank and HSBC Insurance (Asia-Pacific) Holdings will sell 137.75 million and 4.75 million shares respectively, while Punjab National Bank plans to sell up to 95 million shares.
- The IPO comes at a time when global market volatility is affecting IPO ambitions. Canara HSBC Life Insurance Company reported a higher profit after tax in fiscal year 2024 compared to the previous year.
HinduBusinessLine | 29 Apr, 2025
After Canara Robeco, Canara HSBC Life Files Draft IPO Papers
- Canara HSBC Life Insurance Co. has filed draft papers for its initial public offering.
- The IPO will be a pure offer for sale, with Canara Bank, HSBC Insurance, and Punjab National Bank selling up to 23.75 crore shares.
- If the offer for sale is followed through, Canara Bank will sell a 14.5% stake, HSBC Insurance will sell 5%, and PNB will sell 10%.
- The lead managers for the IPO are SBI Capital Markets Ltd., PNB Paribas, HSBC Securities & Capital Markets India Pvt., JM Financial Ltd., and Motilal Oswal Investment Advisors Ltd.
Bloomberg Quint | 29 Apr, 2025
Canara Bank Hits Two-Month High As RBI Approves Divestment In Arms Through IPO
- Canara Bank rose to hit its highest since October 1 following RBI's approval for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd through IPO.
- RBI has intimated the bank to bring its stake in these entities up to 30% by October 31, 2029.
- The bank will initiate the process of IPO and comply with SEBI regulations.
- Canara HSBC Life Insurance Company Limited, a joint venture promoted by Canara Bank, will undergo divestment in the IPO.
Bloomberg Quint | 6 Dec, 2024
Canara Bank Gets RBI Nod To Float IPOs Of Canara Robeco AMC, Canara HSBC Life Insurance
- Canara Bank has received approval from the Reserve Bank of India to divest its shareholding in Canara Robeco AMC and Canara HSBC Life Insurance through IPOs.
- Canara Bank is allowed to sell a 13% stake in Canara Robeco AMC and 14.5% in Canara HSBC Life Insurance.
- The RBI has instructed Canara Bank to meet the regulatory requirement of bringing its stake in these entities up to 30% by October 31, 2029.
- Canara Bank will now initiate the process of IPO after receiving RBI approval.
Bloomberg Quint | 5 Dec, 2024
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Canara HSBC Life Insurance Offices
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Canara HSBC Life Insurance FAQs
When was Canara HSBC Life Insurance founded?
Canara HSBC Life Insurance was founded in 2008. The company has been operating for 17 years primarily in the Insurance sector.
Where is the Canara HSBC Life Insurance headquarters located?
Canara HSBC Life Insurance is headquartered in Gurgaon/Gurugram, Haryana and has an office in Gurgaon / Gurugram
How many employees does Canara HSBC Life Insurance have in India?
Canara HSBC Life Insurance currently has more than 5,200+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Canara HSBC Life Insurance based on the number of reviews submitted on AmbitionBox.
Does Canara HSBC Life Insurance have good work-life balance?
Canara HSBC Life Insurance has a Work-Life Balance Rating of 3.6 out of 5 based on 2,000+ employee reviews on AmbitionBox. 65% employees rated Canara HSBC Life Insurance 4 or above, while 35% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Canara HSBC Life Insurance work-life balance reviews for more details
Is Canara HSBC Life Insurance good for career growth?
Career growth at Canara HSBC Life Insurance is rated fairly well, with a promotions and appraisal rating of 3.5. 65% employees rated Canara HSBC Life Insurance 4 or above, while 35% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Canara HSBC Life Insurance promotions/appraisals reviews for more detailed insights.
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