Motilal Oswal Recommends 'BUY' on Canara HSBC Life Insurance; Target Rs 180

• Motilal Oswal initiates coverage on Canara HSBC Life Insurance (CANHSBC) with a 'BUY' rating.
• The brokerage firm sets a target price of INR 180 for CANHSBC.
• CANHSBC is a top-10 life insurance company in India, with a diversified product mix and strong bancassurance channel.
• The company has shown a 22% CAGR in APE over the last decade, outperforming the industry.
• The life insurance industry is expected to grow strongly due to increasing penetration, GST exemption, and favorable regulations.

Why It Matters: Motilal Oswal recommends buying Canara HSBC Life Insurance, citing strong growth potential and a target of Rs 180.