New Delhi, July 21 -- Canara HSBC Life Insurance Company share price surged more than 11% on Tuesday, 21 July, to hit a new high after the insurer reported a healthy rise in its June quarter earnings, aided by robust premium growth.

The company posted a 20% year-on-year increase in net profit to Rs.28 crore for the quarter ended 30 June 2026, compared with Rs.23 crore in the corresponding period last year, according to an exchange filing.

Net premium income rose 24% to Rs.2,048 crore during the quarter from Rs.1,653 crore a year earlier, reflecting healthy business growth.

The insurer's assets under management (AUM) grew 14% year-on-year to Rs.49,683 crore, while its Value of New Business (VNB) increased 29% to Rs.124 crore in the firs...