Canara HSBC Life Insurance Company Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a Gross Premium of ₹1,00,456 million (₹1 lakh crore), a 25% increase year-on-year. Individual Weighted Premium Income (WPI) stood at ₹25,930 million, up 19%, and Total APE (Annualized Premium Equivalent) reached ₹27,987 million, a 20% increase. Renewal Premium grew by 25% to ₹61,287 million. The company's Profit After Tax (PAT) saw an 8% increase, reaching ₹1,266 million. The Value of New Business (VNB) grew by 41% to ₹6,273 million, with the VNB margin improving to 22.4% from 19.1% in the previous year. Embedded Value (EV) increased by 18% to ₹72,333 million, and Operating Return on EV (RoEV) stood at 20.7%. Key strategic priorities include enhancing customer centricity through technology and analytics, leveraging distribution channels for profitable growth, and maintaining strong risk governance. The company is actively integrating Generative AI and Large Language Models (LLMs) into its operations, including underwriting and customer engagement. Canara HSBC Life Insurance also highlighted its market share growth, reaching 2.0x of the industry average over the last decade. The company continues to focus on a balanced product mix, with an increasing emphasis on the protection segment. The agency channel, launched in October 2025, is scaling as per plan, contributing ₹140 million in APE by March 2026. The company has also made strides in digital transformation, with over 5.5 lakh customers on its mobile app and a robust digital ecosystem for claims submission and servicing.
