Canara HSBC Life Aims to Outpace Industry with Strong Growth and Protection Focus
Earnings
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CNBC TV18•22-01-2026, 14:23
Canara HSBC Life Aims to Outpace Industry with Strong Growth and Protection Focus
- •Canara HSBC Life Insurance projects 18-19% APE growth for FY26, aiming to exceed the industry average.
- •The company reports a positive business outlook, driven by increased demand for protection products post-GST exemption.
- •Q3FY26 saw ₹1,003 crore APE, 19.84% VNB margin, and ₹277 crore profit after tax.
- •Focus is shifting towards increasing traditional product share and boosting the protection business, which grew from 4% to 7%.
- •Improved 13-month persistency at 85.6% and stringent cost control measures contribute to sustained profitability.
Why It Matters: Canara HSBC Life is poised for strong growth, driven by rising protection demand and strategic product mix adjustments.
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