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How Canara HSBC Life Insurance Cut Acquisition Costs by 55%

An unsustainable Cost of Acquisition (COA) of 210%, making new customer acquisition highly unprofitable.

How Canara HSBC Life Insurance Cut Acquisition Costs by 55%
55%
Reduction in Cost of Acquisition (COA)
210% to 91%
COA moved from unprofitable to profitable
Improved
Lead-to-conversion rates via call center synergy
ClientCanara HSBC Life Insurance
IndustryInsurance Provider
Timeline9 Months

The Challenge

The client needed to drastically reduce their Cost of Acquisition from an unprofitable 210% to below 100% by optimizing the entire funnel.

The primary issue was a lack of deep data analysis to inform campaign strategy and a disconnect between marketing efforts and sales execution.

Our Solution

Our strategy was twofold: first, restructure search campaigns based on a 2x2 grid of keyword performance (CTR vs. Conversion Rate). Second, create a data feedback loop with the call center to enhance both sales pitches and marketing campaign targeting.

Platforms Optimized: Google Search Ads, Google Display Ads, Facebook Ads, Call Center Integration.

1

Keyword Performance Grid

Segmented keywords into four performance-based groups, each receiving a unique strategy for ad copy and landing pages.

2

Dynamic Optimization

Used Dynamic Search Ads and Dynamic Landing Pages for low-performing keyword segments to automate testing and improve relevance.

3

Call Center Feedback Loop

Passed keyword and audience data to sales agents and used their feedback on lead quality to refine push marketing campaigns.

Results & Impact

55% reduction in Cost of Acquisition - achieved in 9 Months

We successfully met and exceeded the client's CPA target, fundamentally shifting their customer acquisition from a loss center to a profitable growth engine.

"

Their innovative keyword analysis and integration with our call center were game-changers, leading to a 55% reduction in our COA and making our campaigns truly profitable.

Mreenal Chauhan

Canara HSBC Life Insurance

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