Canara HSBC Life Insurance Reports Strong Business Momentum, APE Up 19%, VNB rises by 29%
Canara HSBC Life Insurance reported strong financial growth for Q1 FY27, with a 19% increase in Annual Premium Equivalent and a 29% rise in the Value of New Business. The company attributes this success to a diversified distribution model and strategic banking partnerships.
Why it matters
Strong performance in the insurance sector indicates robust consumer demand for financial protection products and effective execution of distribution strategies in the Indian market.
New Business Premium stood at ₹ 1,044 crore registering a growth of 25.2%
Individual weighted premium income (WPI) of ₹ 470 crore with a year-on-year growth of 17.8%
Value of New Business (VNB) stood at ₹ 124 crore with a year-on-year growth of 28.8% and new business margin of 21.1%
Protection business grew 41.5% year-on-year, with share of protection increasing to 13%
NEW DELHI , July 20, 2026 /PRNewswire/ -- The Board of Directors of Canara HSBC Life Insurance Company Limited approved and adopted the unaudited financial results for the quarter ended June 30, 2026.
In Q1 FY27, the Company delivered healthy growth across key business and profitability metrics. This performance reflects the strength of its diversified distribution model, robust execution across channels, and continued focus on driving profitable growth through a disciplined product mix.
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