Archive · 9 Oct 2026
Canara HSBC Life Insurance Reports Strong H1 FY27 Growth
Canara HSBC Life Insurance reported that several parts of its business grew during the first half of FY27.
Its Value of New Business increased by 24% compared with the same period a year earlier, reaching ₹266 crore.
The company also collected more in new premiums and total premiums.
Its assets under management grew to ₹50,200 crore.
Profit after tax was ₹71.2 crore, which was higher than a year earlier.
The protection insurance business grew especially quickly, by 44%.
The company said its solvency ratio was 180% at the end of September 2026.
These figures describe the company’s performance for the six months ending 30 September 2026.
Value of New Business rose 24% year-on-year to ₹266 crore in the half-year ended 30 September 2026.
New Business Premium increased 16.1% to ₹1,984 crore, while Total Premium Income rose 17.3% to ₹4,742 crore.
Assets Under Management reached ₹50,200 crore, up 14%, and Profit After Tax rose 10.8% to ₹71.2 crore.
Protection business grew 44% and contributed 10.5% of total Annualized Premium Equivalent.
The company reported a 21.3% VNB margin and a solvency ratio of 180% as of 30 September 2026.
- Who
- Canara HSBC Life Insurance Company Limited.
- What
- Reported a 24% year-on-year increase in Value of New Business to ₹266 crore, along with growth across several other measures.
- When
- Reported on 9 October 2026, for the half-year ended 30 September 2026.
- Where
- Mumbai.
- Why
- The report presents the company’s financial and business performance; the article does not state a specific reason for the growth.
- Value of New Business
- ₹266 crore, up 24% year-on-year
- New Business Premium
- ₹1,984 crore, up 16.1%
- Total Premium Income
- ₹4,742 crore, up 17.3%
- Assets Under Management
- ₹50,200 crore as of 30 September 2026, up 14%
- Profit After Tax
- ₹71.2 crore, up 10.8%
- VNB margin
- 21.3% in H1 FY27
- Solvency Ratio
- 180% as of 30 September 2026
- Protection business
- Grew 44% year-on-year and contributed 10.5% of total APE