Canara HSBC Life Insurance Posts 19% WPI Growth, Crosses ₹10,000 Crore Total Premium in FY26

Canara HSBC Life Insurance Posts 19% WPI Growth, Crosses ₹10,000 Crore Total Premium in FY26​

Canara HSBC Life Insurance Company Limited announced its audited financial results for the full year ended March 31, 2026. The company reported strong, broad-based performance improvement, achieving a Total Premium income of ₹10,046 crore and recording a 19% year-on-year (YoY) growth in Individual Weighted Premium Income (WPI).

The performance highlights indicate that Canara HSBC Life Insurance delivered robust growth across key financial and operational metrics in Fiscal Year 2026 (FY26), maintaining its standing among top life insurers.

Key Financial Highlights for FY26​

The company reported that its Individual WPI reached ₹2,593 crore, demonstrating a 19% YoY growth. Furthermore, the Value of New Business (VNB) stood at ₹627 crore, reflecting a significant 41% YoY growth. The VNB Margin for the year improved to 22.4%, an enhancement compared to the previous year. The protection business also saw considerable momentum, growing 115% YoY, increasing its share of protection to 7%. The firm also recorded its best-ever claims settlement ratio of 99.6%.

The consolidated financial metrics for the company across FY25 and FY26 are detailed below:

Operational and Ratio Performance​

Beyond the core financials, the company’s operational health remains strong. The firm’s total Assets Under Management (AUM) reached ₹46,118 crore, up from ₹41,166 crore the previous year. The company maintained a Solvency Ratio of 190%, indicating its capacity to meet policyholder obligations.

The following table details key ratios for FY26:

Management Commentary​

Anuj Mathur, Managing Director & Chief Executive Officer, Canara HSBC Life Insurance, noted that the first annual results since listing reflect a business that has achieved growth with discipline and balance. He pointed out that the company outperformed the industry in WPI growth, strengthened its protection portfolio, and saw significant growth in VNB and improved VNB margins.

While the established Bancassurance model remains a primary engine of growth, the CEO stated the commitment to diversifying the distribution mix by scaling the Agency channel in a phased approach. He emphasized the focus on delivering superior customer experience, reflected in superior persistency and claims settlement ratio.

Mathur added that structural enablers, such as the removal of GST on individual life insurance, position the Indian life insurance sector for a sustained growth phase.

In other milestones for FY26, the company marked its listing on Indian stock exchanges in October 2025. Additionally, Canara HSBC Life Insurance onboarded its first brand ambassadors, cricketer Jasprit Bumrah, and sports presenter Sanjana Ganesan, enhancing its customer visibility. For the fifth consecutive year, the company was certified as a Great Place to Work by the Great Place to Work Institute.

CANHLIFE Stock Price Movement​

Canara HSBC Life Insurance Company Limited shares slipped today, shedding 2.48% to settle at ₹136.32. The equity saw robust trading activity, posting a total volume of 2.28 million shares.