The invention discloses a heat insulation waterproof anti-corrosive paint, which comprises 15-18 parts of polystyrene foam, 15-20 parts of petroleum resin, 6-10 parts of epoxy resin, 20-40 parts of xylene, 6-9 parts of butyl acetate, 8-20 parts of anti-corrosive pigments, 10-20 parts of heat insulation filler, 15-25 parts of heat insulation reinforcing materials, 7-10 parts of plasticizer and 0.5-2 parts of carbon black. The paint of the invention has good heat insulation, waterproof and anti-corrosive effects and is widely applicable to various buried pipelines, chemical pipelines and devices, steel frame structures, towers, iron products, cement buildings, mining machineries, ships, petrochemical processing storage tanks and environment protection engineering and can be used as the matched primer of various heat insulation paint; and moreover, the paint has loose requirements on the construction surface and can be directly brushed on the surface of a rusty member to realize a good protection effect, and the construction difficulty is low.