Canara HSBC Life Insurance Company Limited

rs,

BSE Limited (“BSE”) Listing Department Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 BSE Scrip Code: 544583 ISIN: INE01TY01017 Subject: Disclosu

₹ 65,435

sistently surpassing industry averages Individual WPI Embedded Value| RoEV 1 Persistency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% To

17.4%

assing industry averages Individual WPI Embedded Value| RoEV 1 Persistency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE V

₹ 61,107

erages Individual WPI Embedded Value| RoEV 1 Persistency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business

84.4%

Embedded Value| RoEV 1 Persistency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal P

83.2%

e| RoEV 1 Persistency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,1

58.4%

ency 2 CY : ₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21

57.4%

₹ 65,435 Mn | 17.4% March 25 : ₹ 61,107 Mn 13M - CY : 84.4% | PY : 83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21% CY : 19.6%

₹ 2,143

83.2% 61M - CY : 58.4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21% CY : 19.6% PY : 18.1% ₹ 440,898 Mn vs PY : +11% VNB Margins Claim Settlement

21%

4% | PY : 57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21% CY : 19.6% PY : 18.1% ₹ 440,898 Mn vs PY : +11% VNB Margins Claim Settlement % 3 CY : 98.3%

19.6%

57.4% Total APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21% CY : 19.6% PY : 18.1% ₹ 440,898 Mn vs PY : +11% VNB Margins Claim Settlement % 3 CY : 98.3% PY : 98.0%

18.1%

APE Value of New Business Total AUM Renewal Premium ₹ 2,143 Mn vs PY : +21% CY : 19.6% PY : 18.1% ₹ 440,898 Mn vs PY : +11% VNB Margins Claim Settlement % 3 CY : 98.3% PY : 98.0% Total Premi

Sources

2

Sources

1. 2. Swiss Re Sigma 03/24, Life insurance penetration is defined as ratio of total life insurance premiums collected to the country's Gross Domestic Product Swiss Re Sigma 03/24, Life insurance density is calculated by dividing the total annual life insurance premiums by the total population 25 Under-tapped opportunity for retirement segment ) % ( Age wise population Pension market size as a % of GDP 8.4 9.2 10.1 11.4 13.1 14.9 60.7 62.8 64.2 64.8 65.1 64.9 146.2% 90.1% 98.3% 54.0% 31.3% 30.9 28.1 25.7 23.8 21.9 20.1 2011 2016 2021 2026 2031 2036 3.0% India Japan Hong Kong Canada USA Australia 0-14 15-59 60+ • Rising share of higher age population provides opportunities in the retirement segment • • Retirement segment is a vast opportunity for insurance, for long-term growth Indian pension market remains under-penetrated at 3%

Sources

1. Ministry of Statistics and Programme implementation 26 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% 70% 61% 55% 55% 54% 41% 59.5 30.1 41.8 19.9 10.1 5 13.9 7.5 27.3 13.6 19.1 9.7 FY14 FY16 FY18 FY20 FY23 FY25 Total Retail Loans (INR trillion) Housing Loans (INR trillion) • • India has highest protection gap, premium growth has lagged economic growth Steady growth in retail loan provide a large opportunity in credit life Source: (1)Swiss Re, "Closing Asia's Mortality Protection Gap July 2020, (2)Reserve Bank of India 27 Industry new business trends Private LIC Individual WPI in Rs bn 287 246 401 291 452 305 356 351 354 384 155 684 739 850 Private players Market share % h t w o r G Private LIC Overall FY17 54% 26% 15% 21% FY19 58% 12% 5% 9% FY21 60% 8% -3% 3% FY23 66% 24% 9% 19% Unit Linked Traditional Product mix 1 FY24 FY25 H1 FY26 68% 8% -1% 5% 71% 15% 1% 10% 71% 8% -1