Canara Bank : HSBC LIFE INSURANCE COMPANY LIMITED - FY 2024-25

Canara HSBc Life Insurance Company Mmlted

Reglstratlon No. 136; Date of Reglstr:adon Nay 8. 2008

REVENUE ACCOUNT FOR THE YEAR EKOED MARCH 31.2025

Policyholders' account fTechnlcal Account)

Panlculars Schedule ReF.

Premiums earned - net

(a) Premium

(c) ReinsUran* accepted

' :"

Investments

1. Interest. Dividends and Rent - Gross

2. Profit on sale/redemption of investments

3. (Loss on sale/ redemption of investmentsj

4. Transfer/Gain on revaluation/change in fair value*

5. Amortisation of Premium / Oiscount on investments

Other Income (i'4iscellaneous Income)

Contribution from Shareholders' A/c

ta) Towards Excess Expenses of management lRefer Scheaule i6c- Hote 4i)

	242
	2 062 639		1,175,570
	50.712		41.112
	99,42Z

q $$he ds remuneration of PiDf CEO/ Wfn/ otfier KtsPs IRefer Schedule l6C - Note lot

802,746

(17.722)

785.024

172,463 141,069 (11.061)

22,607

275,736

1.637

712,B70

(19.606)

L53,601

89,225

19,502)

227,764

20,152

1066

Bad demes

n

D If I'debts '* '"**'* " '"***"

Provision for Tax

Provisions (other than taxation)

1. For diminution in the value or invescmencs (Netl

   (bt For Others: Provision for non-standard assets / non-performing assets fRefer Schedule

   16C - Note 12)

   Goods and Service Tax on ULIP charges

   
   
   
   
   

   Interim 6‹ terminal bonus paid

   Change in vaInation of liability in respect of life policies

   
   
   

2. (Amount ceded in Reinsurance)

   {c) Amount accepted in Reinsurance

   {d) Fund Reserve for Linked Policies fel Fund for Discontinued Policies Total (C)

   
   
   

   svcWu Deflct(o)-(*)(s(cT

   AmountVansferred Com Shareholde2fi) Amount&vailablefnrAppropriation

   Transfer to Shareholders' Account (Refer Schedule 1GC - Note 25) Transfer to OEher Reserves

   Balance being Funds for Future Appropriations

   Total

   * Represents the deemed realised 9ain as per norms specified by tfie Aua›ori9.

   ••Represents Mathematical Reserves after allocation of bonus

   The break up or cocai surplus is as under:

   (199)

   9.066

   159,001

   
   
   

   258.404

   5,684

   
   
   
   
   

   4 961

   2 054 524

   8,115

   9.657

   I7,772

   13,205

   4.567

   l7 772

   164›

   7,202

   l*L89*

   
   
   412244

   (584)

   289,363

   8 452

   l 0D6 lll

   1 168,005

   7J6S

   10.627

   18.192

   14.43g

   3.753

   18192

   (a) InEerim 6 terminal Bonus Paid:	2.283		I,57l
   (b) Allocation of Bonus to policyholders:		10413	9,i98
   (c) Surplus shown in the Revenue Account:		17,772	18 192
   Total Surplus: ((a)+(b)+{c)):		30 468	28 961
   Significant Accounting Policies and Notes to the Accounts Schedules referred to herein form an integral part of the Policyholders' Revenue Account	16
   As per our report of even date

   ForBñatiaadBhatia

   (Registation No. 0O320ZN)

   CARajatAnand

   
   
   

   Chauered Accountants

   PaRner

   MembecsWp no.: 536030

   For Brahmayya & Co. ChaAered Accountants (Registration no. 0005135)

   0' ct or

   DIM :

   
   
   

   Membership no.: 01854

   For and on behalf of the Board of Directors

   
   
   
   
   

   DIN :

   
   
   
   
   

   Place :

   Tarun Rustagi

   
   
   

   Akshay hand

   
   
   

   ACA 098275

   Company*Secretary &

   r

   . g e3°ffice

   Canara HSBC Life Insurance Company Limited Reglstratlon No. 136; Date of Reglstratlon : Play 8. z0oa

   PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31. 2025

   Shareholders' Account (Non-technical Account)

   
   
   
   
   

   Partlculars

   Ref.
   
   

   ! ransferred from Policyholders Account (Technical Account) (refer Schedule 16C -

   Noteu

   13,205

   14439

   Income From Investments
   (a) Interest. Dividends and Rent - Gross		9.J79		8,840
   (b) Profit on sale/redemption of investments		382		9g
   (c) (Loss on sale/ redemption of investments)		G22)		(68)
   {d) Amortisation of Premium / Discount on investments		757		778
   Other Income
   TOTAL (AI		23.401		24,08Y
   Expense other than those directly related to the insurance business	3A	575		622
   C n ut ntoPo h ne #

   Cb) o

   e

   .nagementCeCerSchedu1e6C-Note#I) dsremuneraNonofMD/CEO£VVTD/OtherKMPsCeferScned«el6C - Notelo)

   242

   339

   Interest on subordinated debt Expenses towards CSR activities (refer Schedule 16C - Note 40)	159	145
   Penalties Bad debts written off
   Amount Transferred to Policyholders' Account {refer Schedule 16C - Note 25)	9.657	i0,627
   Provisions (Other than taxation) ta) For diminution in the value of investments Inetl lb) Provision for doubtful debts	} 77

   pp$ $ -: Poruision for non-standard assets / non-performing assets tRefer Scheaule l6C

   e

   TOTAL (B)

   RrofiV (Loss› before tax

   Provision for Taxation prefer Schedule 16C - Note 19) Profit / (Loss) after tax

   APPROPRIATIONS

   {a) Balance at the beginning of the year

   {b) Interim dividend paid

3. Final dividend paid

‹d) Transfer to reserves/ other accounts

Profit/ (Loss) carried forward to the balance sheet

Weighted average number of equity shares outstanding

(224)

10.586

12,815

11.698

3438B

1.900

44 186

95B000.000

11700

i2,387

1,056

11,331

27,807

L900 2,B50

34388

9s0,000,000

Bask

'nue Eug

ene t

n'are'e a s'olute

' '' '' ' 'e T) (refer Schedule IGC - Note 27a

1.23

10.00

i.19

i%00

Significant Accounting Policies and Notes to the AcCountS 16

Schedules referred to herein form an integral part of the shareholders' account As per our report of even date

For BhaEia and Bhatia Chartered Accountants

gistration No. 3202N)

CARaatAnand

Paaner Membershipno.:536030

-or Brafimayya 6‹ Co. Cñanere£i Accountants (ttegistration f4o. 000SI3S)

CA C.V. Ramana Rao

Partner

Membership no. : 0185

For and on behalf of Ehe Board of Directors

ct or

am :

KSaq a

DIN : 08607

DIN :

Officer

n'ag n 6 Chief Executive _

4:57"•

Axsh Dnand xppointeo Actuary

Chief FihgfCidl OffiC9F

Comp ny*Secretary 6‹

eofficer

ACA : 098275 AC,S :

CrediUloebit} Fair Value Change Account

ProvsonforUnedGabWlles

t3.2o a

24.7 75

ts

12G 509

z 7.8 81

Canara HSBC Life Insurance company Mmited Reglstratlon No. 136; Date of Reglstratlon : Nay 8.2008

RECEIPTS AND PAYNEHTS ACCOUNT (CASH FLOW STATEI¥IEMT} FOR THE YEAR ENDED MA8CN 31. 1025

I Cash flows from operating activities

Premium received from policyholders. including advance receipts

Other receipts

Payments to the re-insurers. net of commissions and claims

Payments to co-insurers, net of claims recovery Payments of claims

Raymenrs of commission and brokerage

Payments of other operating expenses trefer note 1)

Preliminary and pre-operative expenses Deposits. advances and staff loans Income taxes paid (Net)

Goods and Service Tax (GST) paid

Other payments

1,073

(524.365)

(50,377)

(92.789)

(952)

U.09B)

7047i2

780

{8,589)

(322.709)

‹42,4s2›

‹s1.osoj

(618)

(1,lis)

{7,934)

Cash flows before extraordinary items 120,782 231.0z1

Cash flow from extraordinary operations

Net cash flow from mused inj Operating activities 231 011

PoceedstmmsaeofFixedAssets Purchase oflnvestments Loansdisbuned Loansaganstpoticies Saeoflnvesments

Rents/Interests/Dividends received

Investments in money market instrumens and in liquid mutual funds Net) (refer note 2) Expenses related to investments

Net cash flow from /(used in) Investing Activities

1. Cash flows Fom finandn• *^!•tles Proceeds from issuance of share capital Proeeds Pam borrowing

   Repayment of borrowing

   
   
   

   Net cash flow from /(used in) Financing ^«ivicies

2. Effect of foreign exchange rates on cash ano cash equivalents. net

   tqet increase / laecrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at the end of tne year

   Break up as follows :

   Cash tlnc luding Cheques, DraRs and Stamps) Balances with Banks

   Money Market Instruments

   1. Includes amount paid towards Corporate Social Responsibility expendicure T 159 lakhs (previous year T 145 lakhs)

   2. Net investment in money market instrument includes movement in neE current assets

tt.155)

2B

‹1.47s.ssz›

(4,778) 1,216.0b0

1819•45

13,135

(l9OO)

47.435

139 719

*87N4

3,955 57,141

187 1S4

726,994

164,501 14,963

2L7B7

117932

6.040

36.158

97 521

139 719

ygg gQqyg g,gggipt$ and payments account has been prepared as prescribed by §nSurance Itegu}atory and Oeve{opment AMthority IActuarial. Finance and Investment Functions of Insurers) Regulations, 2024 and Master Circular issued by IRDAI in day 2024 under the -oirect method" in accordance with Accounting Standard 3 Cash Flow Statements.

For Bhatia and Bhatia Chañered Accountants

giswation No. 0 202N)

Partner

membership no. : 536030

Place:

Date :

For Brahmayya & Co. Chartered Accouncants (Registration No. 000513S)

CA C.v. Ramana Rao Partner

Membership no. : 018545

Nace :

'oate

forangonbehafotCheBoard o€Dirertors

Appointed Actuary

•+ Director

DiN

Canara HSBC Life Insurance Company Limited

Schedules forming part of the Financial Statements for the year ended March 31, 2025

SCHEDULE - 1

PRENIUPI (NET OF GOODS AND SERVICES TAX)

(y In Lakhs)

Particulars

For the year ended

I¥larch 31, 2025

For the year ended

March 31, 2024

First year premiums	217,372	169,387
Renewal premiums	490,593	422,762
Single premiums	94,781	120,721
Total Premium	802,746	712,870
Premium Income from business written :
In India	B02,746	712,870
Outside India
Total Premium	802,746	712,870
Note: For accounting policy, refer schedule 16B - Note 3(a)
SCHEDULE- 2
COMMISSION EXPENSES

Commission

Direct - First year premiums

• Renewal premiums

• Single premiums Gross Commission

Particulars

For the year ended

l¥larch 31, 2025

32,905

14,558

3,249

50,712

(7 In Lakhs) ror the year ended

March 31, 2024

26,128

13,150

1,834

41,112

Add : Commission on Re-insurance Accepted

Less : Commission on Re-insurance Ceded

Net Commission

50,712

41,112

Channel wise break up of Commission IExcluding Reinsurance Commission):
Individual agents 51		83
Corporate Agents - Banks/FII/RFC 48,048		40,425
Corporate Agents - Others (61)		(65)
Brokers 2,676 Micro Agents Direct Business - Online Direct Business - Others Common Service Centre (CSC) Web Aggregators (2)		672 (3)
IMF
Point of Sales (Direct) Others
Total 50,712		41,112

Commission {Excluding Reinsurance) Business written : In India

Outside India

Note: For accounting policy, refer schedule 16B - Note 6

50,712

41,112