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Canara HSBC Life Posts 11% Profit Growth as Premium Inflows Strengthen
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Canara HSBC Life’s Q2 profit rose 11% YoY to ₹41 crore, supported by premium growth, bancassurance channels, and improved persistency ratios.
Q2FY26 results from Canara HSBC Life Insurance reflected steady business expansion with profit rising 11% year-on-year to ₹41 crore. The company achieved a 14% jump in total premiums, led by strong traction in unit-linked plans and group policies. Investment income and persistency ratios both improved during the quarter. Executives emphasized technology-driven distribution and deeper bancassurance integration with Canara Bank and HSBC networks. Analysts noted the firm’s efficient capital allocation and 205% solvency ratio, underscoring solid underwriting discipline and resilience in an increasingly competitive insurance landscape.