# Canara HSBC Life Insurance's calculated Q4 FY26 value of new business came in at Rs 2.1 billion (21.4% higher than estimates) up by 8.0% QoQ and 48.7% YoY.

*fintech · news · 2026-04-29 · NDTV Profit*

## Key points

- Systematix lowered Canara HSBC Life Insurance's price target to Rs 180 from Rs 190.
- Q4 FY26 value of new business was Rs 2.1 billion, 21.4% above estimates.
- Annualised premium equivalent was Rs 700 crore, 20.3% below brokerage estimates.
- Recently launched agency channel onboarded 500 distributors, collecting Rs 14 crore APE in six months.
- APE YoY growth was driven by protection segment (+96.1%), non-par savings (+43.4%), and annuity (+24.7%).

**Companies:** Systematix, Canara HSBC Life Insurance Co.Ltd.
**Countries:** India

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/canara-hsbc-life-insurance-q4-earnings-review-systematix-revises-target-price-after-results-check-potential-upside-11423888)

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