Key Quantitative Figures
No specific financial amounts disclosed. Commission payments will be made as per the Company's Board approved Commission policy.
Dates of Action
The Corporate Agency Agreement was executed on 25th August 2026.
Parties Involved
- Canara HSBC Life Insurance Company Limited ("the Company")
- The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch (HSBC IBU)
Purpose or Stated Rationale
The agreement is for distribution of the insurance products of the Company through the branch of HSBC IBU in GIFT City, Gujarat.
Shareholding and Relationship Details
- No shareholding in The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch
- The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch is an IFSC Banking Unit of The Hongkong and Shanghai Banking Corporation Limited (HSBC)
- HSBC is promoter group entity of the Company
Significant Terms
- No special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure
- No other significant terms or special rights mentioned
Related Party Transaction Status
The transaction falls within related party transactions. The company confirms the transaction is conducted at "arm's length" terms.