Canara HSBC Life FY26 WPI up 19%; Gross Premium crosses ₹10,000 Cr

Canara HSBC Life Insurance reported strong audited financial results for the full year ended March 31, 2026. Individual Weighted Premium Income (WPI) grew 19% year-on-year to ₹2,593 crore, outperforming both industry and private-sector peers. The company's Gross Premium Income crossed ₹10,000 crore, marking a 43% YoY growth. Value of New Business (VNB) surged 41% YoY to ₹627 crore, with the VNB Margin improving to 22.4%. Profit After Tax (PAT) increased 8% YoY to ₹127 crore, and Assets Under Management (AUM) rose 12% YoY to ₹46,118 crore. The company also recorded its best-ever claims settlement ratio at 99.6% and advanced to 9th rank among private insurers based on WPI premium. The MD & CEO highlighted disciplined growth and a commitment to diversify distribution.