Canara HSBC Life Insurance Company Limited has informed the Exchange about Presentation
CANHLIFE · price
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Canara HSBC Life Insurance reported strong FY2026 results with gross premium of ₹1,00,456 Mn (up 25% YoY) and total APE of ₹27,987 Mn (up 20% YoY). Value of New Business grew 41% to ₹6,273 Mn, with VNB margin expanding from 19.1% to 22.4%. PAT increased 8% to ₹1,266 Mn while Operating RoEV improved to 20.7% from 19.5%. The company launched its agency channel in October 2025, already producing ₹140 Mn APE with 6 MDRT-qualified agents by March 2026. Persistency improved with 13-month ratio at 86.3% and claim settlement ratio at 99.6%. The company also introduced a GenAI-powered underwriting solution and expanded its rural banking reach with a new tie-up with Bihar Gramin Bank.
The significant improvement in VNB margin and strong growth across all key metrics signals operational efficiency gains and better product mix, which is positive for shareholders. The 41% VNB growth with margin expansion indicates sustainable profitability improvement despite competitive pressures in the life insurance sector.