Reaffirms policyholder trust and the company’s financial strength through sustained value creation
Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”), has announced a bonus of ₹ 250 crore for FY25,benefiting around 2.27 lac policyholdersas of 31st March 2025holding participating policies with the Company. This bonus reflects the company's financial performance and dedication to delivering value to its customers. The total bonus amount declared by the Company in FY25 has grown by 7.90% as compared to FY24.
All participating policies in force as of March 31,2025 are eligible for this bonus. The declared bonus will be allocated to policyholders' accounts and will be payable upon policy maturity, surrender, or as per the policy terms.
Mr. AnujMathur, MD & CEO, Canara HSBC Life Insurancewhile commenting on the announcement said, “We are pleased to declare a bonus of ₹250 crore for the financial year 2025, a reflection of our enduring financial strength, prudent investment strategy, and unwavering focus on creating long-term value for our policyholders. This milestone reinforces our commitment to delivering on the promises we make and to safeguarding the financial future of the families we serve. We are deeply grateful to our customers for their continued trust and confidence in Canara HSBC Life Insurance.”
In participating policies or with profit plans, life insurance companies share the profits in the form of bonuses with policyholders, reflecting a shared partnership between the insurer and policyholders. Bonuses declared in each financial year are accumulated and distributed upon policy maturity, death or surrender. Additionally, cash bonuses are paid out on specific policy events in accordance with policy conditions.