Canara HSBC Life Insurance Company Limited — Quarter and year ended March 31, 2026
| S. No | Particulars | Three Months ended/As at | Year ended/As at |
|---|---|---|---|
| March 31, 2026 (Audited) | December 31, 2025 (Reviewed) | ||
| POLICYHOLDERS’ A/C | |||
| 1 | Gross Premium Income | ||
| (a) First Year premium | 67,387 | 93,801 | |
| (b) Renewal Premium | 212,679 | 166,839 | |
| (c) Single Premium | 31,358 | 28,285 | |
| 2 | Net Premium Income¹ | 306,066 | 286,716 |
| 3 | Income from Investments (Net)² | (171,585) | 130,433 |
| 4 | Other Income | 629 | 586 |
| 5 | Transfer of funds from Shareholders’ A/c³ | (8,356) | 9,518 |
| 6 | Total (2 to 5) | 126,754 | 427,253 |
| 7 | Commission on | ||
| (a) First Year premium | 12,255 | 12,697 | |
| (b) Renewal Premium | 5,122 | 3,483 | |
| (c) Single Premium | 2,235 | 2,090 | |
| 8 | Net Commission | 19,612 | 18,270 |
| 9 | Operating Expenses related to Insurance business | ||
| (a) Employees remuneration and welfare expenses | 23,430 | 17,940 | |
| (b) Other operating expenses | 14,990 | 16,529 | |
| 10 | Expenses of Management (8+9) | 58,032 | 52,739 |
| 11 | Provision for doubtful debts (including bad debts written off) | – | – |
| 12 | Provisions for diminution in value of investments and provision for standard assets and non-standard assets | – | – |
| 13 | Goods and Service Tax on ULIP charges | (15) | – |
| 14 | Provision for taxes | – | – |
| 15 | Benefits Paid⁴ (Net) | 125,599 | 98,764 |
| 16 | Change in Actuarial Liability | (47,171) | 265,763 |
| 17 | Total (10+11+12+13+14+15+16) | 136,445 | 417,266 |
| 18 | Surplus/(Deficit)(6-17) | (9,691) | 9,987 |
| 19 | Appropriations | ||
| (a) Transferred to Shareholders A/c | (7,078) | 9,873 | |
| (b) Funds for Future Appropriations | (2,613) | 114 | |
| 20 | Details of Surplus/(Deficit) | ||
| (a) Interim & terminal bonus paid | 749 | 638 | |
| (b) Allocation of bonus to policyholders | – | – | |
| (c) Surplus shown in the Revenue Account | (9,691) | 9,987 | |
| Total Surplus | 2,889 | 10,625 | |
| SHAREHOLDERS’ ACCOUNT | |||
| 21 | Transfer from Policyholders’ Account | (7,078) | 9,873 |
| 22 | Total Income under Shareholders’ Account | ||
| (a) Investment Income (net) | 2,932 | 3,076 | |
| (b) Other Income | – | – | |
| 23 | Expenses other than those related to insurance business⁵ | 367 | 278 |
| 24 | Transfer of funds to Policyholders’ A/c³ | (8,356) | 9,518 |
| 25 | Provision for doubtful debts (including write off) | (18) | 69 |
| 26 | Provisions for diminution in value of investments | – | – |
| 27 | Profit/(loss) before tax | 3,861 | 3,084 |
| 28 | Provisions for tax | 388 | 319 |
| 29 | Profit/(loss) after tax and before extraordinary items | 3,473 | 2,765 |
| 30 | Extraordinary Items (Net of tax expenses) | – | – |
| 31 | Profit/(loss) after tax and extraordinary items | 3,473 | 2,765 |
| 32 | Dividend per share⁶ (₹) (Nominal Value ₹ 10 per share): |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| SOURCES OF FUNDS | ||
| Shareholders’ Funds: | ||
| Share Capital | 95,000 | 95,000 |
| Share Application Money Pending Allotment | – | – |
| Reserves and Surplus | 65,547 | 56,686 |
| Credit/(Debit) Fair Value Change Account | – | – |
| Sub-Total | 160,547 | 151,686 |
| Borrowings | 25,000 | – |
| Policyholders’ Funds: | ||
| Credit/(Debit) Fair Value Change Account | (13,258) | 13,208 |
| Policy Liabilities | 2,661,445 | 2,236,682 |
| Funds for Discontinued Policies | ||
| (i) Discontinued on account of non-payment of premiums | 115,075 | 82,936 |
| (ii) Others | 2,792 | 1,603 |
| Sub-Total (Funds for Discontinued Policies) | 117,867 | 84,539 |
| Insurance Reserves | – | – |
| Provision for Linked Liabilities | ||
| Linked Liabilities | 1,489,296 | 1,307,309 |
| Add: Credit/(Debit) Fair Value Change Account | 169,579 | 322,975 |
| Sub-Total (Provision for Linked Liabilities) | 1,658,875 | 1,630,284 |
| Sub-Total | 4,424,929 | 3,964,713 |
| Funds for Future Appropriation | ||
| Linked | 1,026 | 743 |
| Non-Linked (Non-PAR) | – | – |
| Non-Linked (PAR) | 70,942 | 68,066 |
| Sub-Total (Funds for Future Appropriation) | 71,968 | 68,809 |
| Deferred Tax Liabilities (Net) | – | – |
| TOTAL | 4,682,444 | 4,185,208 |
| APPLICATION OF FUNDS | ||
| Investments | ||
| Shareholders’ | 190,101 | 137,467 |
| Policyholders’ | 2,644,972 | 2,264,351 |
| Assets held to cover linked liabilities | 1,776,742 | 1,714,823 |
| Loans | 22,044 | 10,080 |
| Fixed Assets | 3,728 | 4,630 |
| Deferred Tax Assets (Net) | – | – |
| Current Assets | ||
| Cash and Bank Balances | 61,333 | 61,096 |
| Advances and Other Assets | 106,747 | 98,981 |
| Sub-Total (A) | 168,080 | 160,077 |
| Current Liabilities | 119,652 | 103,027 |
| Provisions | 3,571 | 3,193 |
| Sub-Total (B) | 123,223 | 106,220 |
| Net Current Assets (C) = (A – B) | 44,857 | 53,857 |
| Miscellaneous Expenditure (To The Extent Not Written Off Or Adjusted) | – | – |
| Debit Balance In Profit And Loss Account (Shareholders’ Account) | – | – |
| Deficit in Revenue Account (Policyholders’ account) | – | – |
| TOTAL | 4,682,444 | 4,185,208 |
| Contingent Liabilities | 34,295 | 31,299 |
| S. No | Particulars | Three Months ended/As at March 31, 2026 (Audited) | December 31, 2025 (Reviewed) | March 31, 2025 (Audited) | Year ended/As at March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Segment Income: | |||||
| Segment A – Linked Non Participating – Life | ||||||
| Net Premium | 87,838 | 156,676 | 92,079 | 386,263 | 286,467 | |
| Income from Investments | (216,847) | 83,228 | (35,843) | (23,473) | 115,860 | |
| Transfer of Funds from shareholders’ account | (5,648) | 10,071 | (2,340) | 4,492 | 63 | |
| Other Income | 65 | 119 | 116 | 357 | 346 | |
| Segment B – Linked Non Participating – Pension | ||||||
| Net Premium | 2,254 | 937 | 1,855 | 4,613 | 4,302 | |
| Income from Investments | (1,462) | 835 | 335 | 499 | 2,155 | |
| Transfer of Funds from shareholders’ account | 107 | – | (56) | 107 | – | |
| Other Income | 1 | 1 | 3 | 4 | 6 | |
| Segment C – Linked Non Participating – Health | ||||||
| Net Premium | – | – | – | – | – | |
| Income from Investments | – | – | – | – | – | |
| Transfer of Funds from shareholders’ account | – | – | – | – | – | |
| Other Income | – | – | – | – | – | |
| Segment D – Linked Non Participating – Others | ||||||
| Net Premium | – | – | – | – | – | |
| Income from Investments | – | – | – | – | – | |
| Transfer of Funds from shareholders’ account | – | – | – | – | – | |
| Other Income | – | – | – | – | – | |
| Segment E – Non Linked Participating – Life | ||||||
| Net Premium | 48,042 | 23,737 | 42,379 | 121,821 | 114,917 | |
| Income from Investments | 14,287 | 14,363 | 13,323 | 60,274 | 52,886 | |
| Transfer of Funds from shareholders’ account | 60 | 20 | 9 | 121 | 53 | |
| Other Income | 262 | 240 | 185 | 914 | 590 | |
| Segment F – Non Linked Participating – Pension | ||||||
| Net Premium | – | – | – | – | – | |
| Income from Investments | – | – | – | – | – | |
| Transfer of Funds from shareholders’ account | – | – | – | – | – | |
| Other Income | – | – | – | – | – | |
| Segment G – Non Linked Participating – Health | ||||||
| Net Premium | – | – | – | – | – | |
| Income from Investments |