Analysts/Institutional Investor Meet/Con. Call Updates

9th October 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [East], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400001 NSE Symbol: CANHLIFE BSE Security Code: 544583 ISIN: INE01TY01017 (Equity) ISIN: INE01TY01017 (Equity) INE01TY08012 (Non-Convertible Debentures) Dear Sir/ Madam, Subject: Disclosure under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015- Presentation on the Unaudited Financial Results for the quarter and half-year ended 30th September 2026 The presentation on the Unaudited Financial Results for the quarter and half-year ended 30th September 2026, to be made today at the analyst meet, is attached and the same is also being made available on the website of the Company at www.canarahsbclife.com. This is for your information and record. Thanking you, For Canara HSBC Life Insurance Company Limited Vatsala Sameer Company Secretary and Compliance Officer Membership No: A14813 Canara HSBC Life Insurance Company Limited (IRDAI Regn No. 136) 35th Floor, IFC, (M3M) Golf Course Ext Rd, Badshahpur, Sector 66, Gurugram, Haryana 122101 T +91-124-4506700 | F +910124-4535099 | www.canarahsbclife.com Corporate Identity No.: L66010DL2007PLC248825 | E-mail: customerservice@canarahsbclife.in Registered Office: 8th Floor, Unit No. 808-814, Ambadeep Building, Plot No. 14, Kasturba Gandhi Marg, New Delhi-110001 (India) | T +91 11-49512300 Investor Presentation H1 FY27 Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with Technology enablers Macro and Industry Overview 5 Other Business Updates 6 Financial Snapshot : H1 FY27 | Consistent growth across key metrics Individual WPI Embedded Value| RoEV 1 Persistency2 ₹ 11,167 Mn CY : ₹ 76,218 Mn | 19.8% 13M - CY : 85.6% | PY : 84.4% vs PY : 15% vs PY : 16% | 17.4% 61M - CY : 54.6% | PY : 55.5% Total APE Value of New Business Total AUM ₹ 12,497 Mn ₹ 2,658 Mn ₹ 502 Bn vs PY : 14% vs PY : 24% vs PY : 14% Renewal Premium VNB Margin Claim Settlement Ratio3 ₹ 27,583 Mn CY : 21.3% CY : 98.1% vs PY : 18% PY : 19.6% PY : 98.3% Gross Premium Profits After Tax (PAT) Total Expense Ratio4 ₹ 47,423 Mn ₹ 712 Mn CY : 20.5% vs PY : 17% vs PY : 11% PY : 19.0% 1 Represents Operating RoEV is based on rolling 12M basis 3 Represents overall claim settlement ratio 2 Persistency ratios as on September end for the policies issued during September to August period of the 4 Total Expense ratio is calculated as total expenses (Opex + commission) divided by total premium, excluding GST, relevant years. Calculated in accordance with IRDAI (Actuarial, Finance and Investment Functions of Insurers) expense ratio stood at 19.2% vs 18.5% YoY Regulations, 2024 and the Master circular issued thereafter. Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with Technology enablers Macro and Industry Overview 5 Other Business Updates 6 Key strategic elements remain intact Technology and analytics Distribution leverage and enablers expansion Accelerate advanced AI/Data Continue to increase penetration analytics to drive revenue in existing channels and expand and service improvements business opportunities through new distribution avenues Customer Centricity Risk and Prudence Profitable growth Maintain focus on risk Priority remains on profitable governance that fosters growth attained through ownership and accountability balanced product mix and across all levels of operational efficiency across management processes Scalable distribution landscape GINYARD INTERNATIONAL Diversified distribution engines across premium, mass, and rural segments providing a scalable platform for sustainable growth. HSBC Bank Other Channels Canara Bank Premium & Profitability Engine Strategically Expanding scale Growth & Profitability Engine ➢ ~10,000 branches driving strong ➢ Expanded branch footprint to 34 ➢ Agency – crossed 1,900 sales urban reach and brand-led (vs 26 in PY) locations, creating force till date, Rs 407 mn APE in distribution incremental growth H1FY27 opportunities across new ➢ ~80Mn addressable customers markets ➢ RRBs - ~8,000 rural branches with <2% penetration offers serving to priority segments, significant headroom for deeper ➢ Enhance propositions for NRI growth picking up with new product adoption and digital scale segment to expand customer additions base ➢ Focus on deepening penetration in ➢ Digital - enhancing customer semi-urban and rural branches ➢ Broaden customer reach by choices and extend reach through higher branch activation extending the franchise from affluent to salaried customers ➢ Defence – steady growth across defence forces Agenda Financial Snapshot 1 Strategic Priorities and Distribution 2 Business Performance 3 Customer Centricity with Technology enablers Macro and Industry Overview 5 Other Business Updates 6 Growth continues to remain better than the industry In ₹ billion Individual WPI CAGR % Industry Private Company 10 Yrs 5 Yrs 3 Yrs (FY16 - 26) (FY21 - 26) (FY23 - 26) 1,327 1,204 1,040 1,090 876 609 +13% 735 757 12% 12% 8% 684 431 +12% 15% 16% 12% 420 452 c 227 t 26 i s 22 r 11 e +15% 19% 20% 16% P 17 17 10 10 l a FY16 FY20 FY21 FY22 FY23 FY24 FY25 FY26 6M FY27 a Change in Surrender GST exempt n Covid-19 Change in ULIP i F pandemic tax exemption Traditional tax value for limit (SV) regulation life insurance 1.0% 1.6% 1.8% 2.0% Market share industry 1.9% 2.4% 2.6% 2.7% Market share Pvt players Steady premium growth, 13M persistency improving In ₹ million Individual WPI Total APE +15% +14% +22% CAGR +23% CAGR 25,930 11,167 12,497 27,987 21,787 9,752 10,923 23,394 17,026 18,878 FY24 FY25 FY26 H1FY26 H1FY27 FY24 FY25 FY26 H1FY26 H1FY27 Premium persistency improving Renewal Premium 85.6% 84.4% +18% +20% CAGR 73.3% 73.6% 61,287 67.8% 65.0% 27,583 62.0% 60.6% 49,059 54.6% 55.5% 23,335 42,276 13 M 25 M 37 M 49 M 61 M FY24 FY25 FY26 H1FY26 H1FY27 H1 FY27 H1 FY26 Product and channel mix | higher traditional mix, supported by protection growth Product mix – NBP basis Product mix – APE basis H1 FY27 H1 FY26 H1 FY27 H1 FY26 14% 12% 16% 25% 12% 6% 30% 10% 5% 10% 8% 17% 40% ULIP Protection Annuity ULIP Protection Annuity Savings (Traditional) PAR Group Fund Savings (Traditional) PAR Group Fund Protection APE Annuity APE (₹ million) 14% 1.309 Channel mix1 s 6% 44% a 909 i c 756 1,730 1,712 a 17% 63% Non retail 626 96% 553 Retail 283 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Canara HSBC Other banks Others 2 1 Channel mix based on individual WPI for H1 FY27, 2 Others includes DST, Defence, Digital and Agency Other key metrics grew well Gross Premium1 grew at a steady pace Commission ratio remains rangebound +19% CAGR +17% 6.3% 6.2% 5.8% 6.1% 6.0% 47,423 1,00,456 40,421 80,275 71,287 FY24 FY25 FY26 H1FY26 H1FY27 FY24 FY25 FY26 H1FY26 H1FY27 AUM - Key indicators Asset class composition s ₹ 502 bn 7% e 99% l a 14% YoY Equity S 17% 33% Government Securities Assets under (Debt investment) Debentures and Bonds management AAA & Sovereign Money Market Instruments and others 62 : 38 67 : 33 (Non linked : Linked) (Debt2 : Equity) 1 Gross Premium includes new business premium and renewal premium 11 2 Debt incudes money market instruments Improving VNB trajectory Healthy growth continues In ₹ million s 102 -245 e 325 a 2,658 2,143 Year-on-year VNB growth of 24% Sept’25 Business Business mix impact Assumption changes Expenses impact Sept’26 volume impact VNB margin* 19.6% 0.2% 2.6% 0.8% (2.0%) 21.3% * Numbers may not add up due to rounding off 12 Financial Metrics at a glance In ₹ million Total Operating IEV VNB VNB % PAT Expense RoEV Ratio1 FY25 61,107 19.5% 4,461 19.1% 1,170 18.7% FY26 72,333 20.7% 6,273 22.4% 1,266 18.7% H1 FY26 65,435 17.4%# 2,143 19.6% 642 19.0%* H1 FY27 76,218 19.8%# 2,658 21.3% 712 20.5%* +16% + [Showing first 8,000 characters — download PDF for full document]