Analysts/Institutional Investor Meet/Con. Call Updates

20th July 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 ended 30th June 2026 The presentation on the Unaudited Financial Results for the quarter ended 30th June 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 Q1 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 : Q1 FY27 | Healthy growth across key metrics Individual WPI Embedded Value| RoEV 1 Persistency2 ₹ 4,698 Mn CY : ₹ 73,828 Mn | 19.7% 13M -CY : 85.9% | PY : 84.0% vs PY : 18% vs PY : 16% | 15.7% 61M -CY : 55.3% | PY : 55.3% Total APE Value of New Business Total AUM ₹ 5,853 Mn ₹1,236 Mn ₹ 497 Bn vs PY : 19% vs PY : 29% vs PY : 14% Renewal Premium VNB Margin Claim Settlement Ratio3 ₹ 11,174 Mn CY : 21.1% CY : 98.85% vs PY : 22% PY : 19.5% PY : 95.90% Gross Premium Profits After Tax (PAT) Total Expense Ratio4 ₹ 21,611 Mn ₹281 Mn CY : 20.7% vs PY : 24% vs PY : 20% PY : 19.6% 1Represents Operating RoEV, CY is based on rolling 12M basis, while PY is annualised 3 Represents overall claim settlement ratio 2 Persistency ratios as on June end for the policies issued during June to May period of the relevant years. 4Total Expense ratio is calculated as total expenses (Opex+ commission) divided by total premium, excluding GST, Calculated in accordance with IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024 expense ratio is flat on a YoY basis 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  9,800+ branches driving strong  Access to affluent retail & NRI  Agency –~1,000 agency sales urban reach and brand-led segments via HSBC’s premium force onboarded till date, Rs 147 distribution banking base, with branch mnpremium (APE) collected. expansion driving incremental  ~6,000 touchpoints in Tier 3/4 growth  RRBs - 4,648+ rural branches markets unlock large serving to priority segments with underpenetrated rural opportunity  Focused on high-value clients focus on traditional products includingwealth-linked  100Mn+ customers; ~80Mn insurance, protection, and global  Defence -offering tailored addressable, <2% penetration mobility products insurance productsto armed offers significant headroom for forces deeper product adoption and  New Branch rollout to support digital scale incremental growth  Digital-enhance customer choices and extend reach 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 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 1,090 735 757 12% 12% 8% 684 739 15% 16% 12% 420 452 17 17 19% 20% 16% 10 10 FY16 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Covid-19 Change in ULIP Change in Surrender pandemic tax exemption Traditional tax value limit (SV) regulation 1.0% 1.6% 1.8% Market share industry 1.9% 2.4% 2.6% Market share Pvt players ycnetsisreP slaicnaniF 261 +16% 179 +15% 4.7 +18% 3M FY27 GST exempt life insurance 2.0% 2.7% Premium growth healthy, superior 13M persistency In ₹ million Individual WPI Total APE +18% +19% +22%CAGR +23%CAGR 25,930 4,698 5,853 27,987 21,787 3,989 4,928 23,394 17,026 18,878 FY24 FY25 FY26 Q1 FY26 Q1FY27 FY24 FY25 FY26 Q1 FY26 Q1FY27 Persistency improving Renewal Premium 85.9%84.0% +22% +20%CAGR 61,287 72.9%73.1% 11,174 67.3%64.8% 61.8%60.7% 49,059 55.3%55.3% 42,276 9,137 13 M 25 M 37 M 49 M 61 M FY24 FY25 FY26 Q1 FY26 Q1FY27 Q1 FY27 Q1 FY26 1Gross Premium includes new business premium and renewal premium slaicnaniF Product and channel mix | focus on traditional segments with robust protection growth Product mix –APE basis Product mix –NBP basis Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 11% 17% 10% 14% 15% 5% 4% 1% 24% 10% 7% 13% 49% 9% 13% 52% 51% 18% ULIP Protection Annuity ULIP Protection Annuity Savings (Traditional) PAR Group Fund Savings (Traditional) PAR Group Fund Protection APE Annuity APE Channel mix1 +42% +14% Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Canara HSBC Other banks Others2 1Channel mix based on individual WPI for Q1 FY27, 2 Others includes DST, Defence, Digital and Agency Equity Government Securities (Debt investment) Debentures and Bonds AAA & Sovereign Money Market Instruments and others selaS Other key metrics showing consistent growth Gross Premium grew at a steady pace Commission ratio remains rangebound +19%CAGR +24% 5.8% 6.3% 6.2% 5.5% 5.4% 21,611 100,456 17,472 80,275 71,287 FY24 FY25 FY26 Q1 FY26 Q1FY27 FY24 FY25 FY26 Q1 FY26 Q1FY27 AUM -Key indicators Assets class composition ₹ 497 bn 14% YoY Assets under management 60 : 40 66 : 34 (Non linked : Linked) (Debt* : Equity) Improving VNB trajectory Driving profitable growth 19.5% 0.1% 2.7% 0.7% (1.9%) 21.1% selaS ycnetsisreP In ₹ million 42 -111 1,236 Year-on-year VNB growth of 29% Jun’25 Business Business mix impact Assumption changes Expenses impact Jun’26 volume impact VNB margin* * Numbers may not add up due to rounding off 12 Financial Metrics at a glance | Sustainable and Consistent improvement In ₹ million TToottaall OOppeerraattiinngg IIEEVV VVNNBB VVNNBB %% PPAATT EExxppeennssee RRooEEVV RRaattiioo11 FFYY2255 61,107 19.5% 4,461 19.1% 1,170 18.7% FFYY2266 72,333 20.7% 6,273 22.4% 1,266 18.7% QQ11 FFYY2266 63,526 15.7%# 960 19.5% 234 19.6% QQ11 FFYY2277 73,828 19.7%# 1,236 21.1% 281 20.7%* +16% +29% +20% 1Total Expense ratio is calculated as total expenses (opex+comm [Showing first 8,000 characters — download PDF for full document]