The online revenue of Canara HSBC Life Insurance coverage grew by 20.15 per cent year-on-year (YoY) to ₹28.14 crore within the April-June quarter of FY27 (Q1 FY27), supported by wholesome progress in premium and funding revenue. The online revenue in Q1 FY26 stood at ₹23.4 crore.
The online premium revenue of the insurer grew by 23.83 per cent YoY to ₹2,047.5 crore, whereas the annualised premium equal (APE) expanded by 18.66 per cent YoY to ₹585 crore. The funding revenue of the insurer grew by 16.2 per cent YoY to ₹2,268.79 crore.
Anuj Mathur, MD & CEO, Canara HSBC Life Insurance coverage, mentioned, “Safety stays a key focus space, with safety APE rising 41.5 per cent YoY and its share of whole APE rising to 13 per cent. Credit score Life additionally continued to be a big progress driver, registering wholesome progress of 40.7 per cent YoY.”
The worth of latest enterprise (VNB) of the insurer grew by 29 per cent YoY to ₹124 crore within the quarter, in contrast with ₹96 crore in Q1 FY26. The VNB margin stood at 21.1 per cent as in opposition to 19.4 per cent.
“We delivered a wholesome VNB of ₹124 crore with a YoY progress of 28.8 per cent for Q1 FY27. This enchancment was supported by a beneficial shift in product combine in the direction of safety and conventional choices. With sturdy momentum throughout distribution, safety and profitability, we stay steadfast in our dedication to ship sustainable progress and create long-term worth in India’s rising life insurance coverage market,” Mathur added.
The bills of the insurer had been additionally up by 30 per cent YoY to ₹447.2 crore, of which fee bills elevated by 22 per cent YoY to ₹117 crore.
The solvency ratio of the insurer stood at 198 per cent as of June 30, 2026, as in opposition to 200 per cent a yr earlier.
The Thirteenth-month persistency ratio improved to 85.9 per cent within the quarter ended June 30, 2026, from 84 per cent as of June 30, 2025, whereas the 61st-month persistency ratio was flat at 55.3 per cent throughout the interval.
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