• APE Growth Guidance: Canara HSBC maintained its full-year guidance of approximately 20% growth in Annualized Premium Equivalent (APE), driven by increased branch productivity and higher bank penetration rather than expanded ticket sizes.
• Product Mix Strategy: The company plans to reduce ULIP contribution to 52%–53% by year-end (targeting 50%–55% overall) while expanding traditional products to roughly 45% to 55% of the total business.
• Protection and Annuity: Protection share increased from 4% to 7% over the nine months ending December and is targeted to reach double digits next year, while annuity products contribute around 13% to 14% of overall business.
• Life Insurance Outlook: The overall life insurance industry is projected to grow by 10% to 12%, aided by GST relaxation, rising consumer awareness, and supportive government initiatives.