Canara HSBC Life Signs Corporate Agency Pact with Bihar Gramin Bank

Canara HSBC Life Insurance Company Limited executed a Corporate Agency Agreement with Bihar Gramin Bank on March 11, 2026, appointing the regional rural bank as a distribution partner for its insurance products.

Bihar Gramin Bank, established under Section 3 of the Regional Rural Banks Act, 1976 and associated with Punjab National Bank, will earn commissions per Canara HSBC's board-approved policy. The arrangement carries no shareholding, special rights, or promoter-related interests.

This bancassurance partnership expands Canara HSBC's rural and semi-urban distribution network.

Shares of Canara HSBC Life Insurance Company Limited was last trading in BSE at Rs. 148.25 as compared to the previous close of Rs. 147.95. The total number of shares traded during the day was 168561 in over 991 trades.

The stock hit an intraday high of Rs. 151.60 and intraday low of 146.10. The net turnover during the day was Rs. 25414991.00.

Source : Equity Bulls

Keywords

CanaraHSBCLifeInsuranceCompany CANHLIFE INE01TY01017 CorporateAgencyAgreement BiharGraminBank