Canara HSBC Life Insurance Company has reappointed Dr Kishore Kumar Sansi and Mr Supratim Bandyopadhyay as independent directors on its board. The appointments were approved via resolution by circulation on September 9, 2026, and remain subject to shareholder approval.

Board Appointments

The Nomination and Remuneration Committee recommended the reappointments, which were ratified by the Board of Directors. Both directors will serve non-executive roles and are not liable to retire by rotation.

This marks the second consecutive three-year term for both individuals in these positions.

Director Profiles

Dr Sansi brings over 38 years of experience in the banking sector. He previously served as Managing Director and Chief Executive Officer at Vijaya Bank, which merged with Bank of Baroda. He also held an executive director role at Punjab and Sind Bank. His current board memberships include IKIO Technologies Limited, Reserve Bank Information Technology Private Limited, National Financials Holdings Company Limited, and UV Asset Reconstruction Company Limited.

Mr Bandyopadhyay possesses more than 36 years of experience across insurance, finance, and debt operations. He spent 32 years with Life Insurance Corporation of India. He previously served as Whole-Time Member (Finance) and later Chairperson of the Pension Fund Regulatory and Development Authority. He also held the position of Managing Director and Chief Executive Officer at LIC Pension Fund Limited.

His other board roles include Aditya Birla Sun Life AMC Limited, Insecticides (India) Limited, India Mortgage Guarantee Corporation Private Limited, Axis Pension Fund Management Limited, and LIC (International) BSC (C), Bahrain.

Compliance

The company confirmed that both directors meet independence criteria under the Companies Act, 2013 and SEBI Listing Regulations. Neither director is debarred from holding office by SEBI or any other authority. The disclosure was made pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Canara HSBC Life Insurance Company has accepted the resignation of Tarun Rustagi from the position of Chief Financial Officer, effective August 31, 2026.

Leadership transition at Canara HSBC Life

The private life insurer confirmed that Rustagi tendered his resignation on August 25, 2026, to pursue growth opportunities outside the organization. The Board accepted the resignation with his last working day set for November 24, 2026.

Rustagi served as CFO for seven years. In his resignation letter, he highlighted the company’s financial strengthening and its successful listing and capital raising from the market during his tenure.

Anuj Mathur, Managing Director and Chief Executive Officer, acknowledged the resignation and thanked Rustagi for his contributions. He requested a smooth transition of responsibilities during the notice period.