On 15 June 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, Punjab National Bank.

[17] On 25 July 2022, the company declared a customer bonus for the ninth time of ₹78 crore (equivalent to ₹83 crore or US$9.5 million in 2023) to its eligible policyholders for the financial year 2021-2022 by participating in their products with an increase of 28% over its bonus amount.

It registered Gross Written Premium (GWP) at ₹3,491 crore (US$403 million), a growth of 26% compared to fiscal 2017–18.

[24] The company's Indian Embedded Value rose to ₹3,828 crore (US$479 million), and the solvency margin stood at 282% as of 31 March 2022.

Shareholders were declared a final dividend of 3% of paid equity, and the Indian embedded value reached Rs 4,272 crore.