A larger contribution from non-par savings products, combined with strong protection growth, helped Canara HSBC Life deliver stronger profitability in Q1 FY2027.
A reported KRW380bn (approx. US$257m) property policy covering Coupang's Incheon logistics centre is under scrutiny as investigators work to determine liability for the fire.
"Ongoing remedial measures" helped steady the insurer's performance after natural catastrophe and large loss events caused volatility, the ratings agency said.
Bank is considering raising its holding in the life insurer to 30%, after RBI rule changes opened the door for larger bank investments in insurance companies.
The offering adds higher limits for liability, cyber, project cargo and terrorism risks, alongside broader advisory support across the asset lifecycle.
