Canara HSBC Life Insurance Delivers Robust Q3 Results
New Delhi: The Board of Directors of Canara HSBC Life Insurance Company Limited approved the unaudited financial results for the 9M ended December 31, 2025.
The Company continued to deliver solid performance across key financial and operating metrics during the third quarter of FY26, sustaining growth momentum in its first year as a listed entity. Performance during the quarter was supported by a robust growth in the protection business, continued improvement in persistency metrics, product diversification, and focused initiatives to deepen customer reach through strategic partnerships.
Some Key Performance Highlights (9M FY26) are:
• Individual Weighted Premium Income (WPI): Rs 1,915.3 crore, with 20.5% Year-on-Year (YoY) growth
• Total APE: Rs 2,095 crore, with 22.3% YoY growth
• Value of New Business (VNB): Rs 412.9 crore, with 36.8% YoY growth
• Total Premium Income: Rs 6,931.4 crore, with 31.6% YoY growth
• Assets Under Management (AUM): Rs 46,888.8 crore, with 17.2% YoY growth
• Embedded Value (EV): Rs 6,867.8 crore, with operating RoEV of 18.2% (on rolling 12 months basis)
• Profit After Tax (PAT): Rs 91.9 crore, with 8.2% YoY growth
• Persistency Ratios: 13th month at 85.6%, 61st month at 59.2%
• Product Mix (on APE basis): ULIP 61%, Non-Par Savings 13%, Non-Par Protection 7%, Par 5%, and Annuity 12%
• Total Protection: Up by 126% YoY (Credit Life Up 48% YoY; Individual Protection Up 3X QoQ)
During the quarter, the Company continued to sharpen its customer proposition through product innovation and partnership-led reach. It launched Promise4Life, a participating, non-linked savings plan that combines guaranteed income, supported by practical features such as a Savings Wallet and Premium Offset for added flexibility.
On the distribution front, Canara HSBC Life entered into a bancassurance partnership with Equitas Small Finance Bank, enabling wider access to its product suite across 994 outlets in 18 states and UTs, with a strong footprint in South and West India—furthering the shared agenda of insurance inclusion.