Quarterly Result21 Jan 2026, 05:46 pm
Canara HSBC Life Insurance Delivers Robust 9M FY26 Results with 20.5% YoY Growth in Individual Weighted Premium Income
AI Summary
Canara HSBC Life Insurance Company Limited reported its unaudited financial results for the quarter and nine months ended 31st December 2025. The company showed solid performance across key financial and operating metrics, with individual weighted premium income at ¥ 1,915.3 crore, a year-on-year growth of 20.5%. Value of New Business stood at ¥ 412.9 crore with a year-on-year growth of 36.8% and new business margin of 19.7%. Protection business grew at 126% year-on-year, driven by stronger demand backed by GST-led affordability tailwinds and growth in credit life business. 13Month Persistency at 85.6% marks an uplift, reflecting disciplined customer engagement.
Key Highlights
- Individual weighted premium income of ¥ 1,915.3 crore with a year-on-year growth of 20.5%
- Value of New Business (VNB) stood at ¥ 412.9 crore with a year-on-year growth of 36.8% and new business margin of 19.7%
- Protection business grew at 126% year-on-year, driven by stronger demand backed by GST-led affordability tailwinds and growth in credit life business
- 13Month Persistency at 85.6% marks an uplift, reflecting disciplined customer engagement
- Profit After Tax (PAT) at ¥ 91.9 crore, with 8.2% YoY growth