Canara HSBC Life Insurance Announces Bonus of ₹250 Crore for Financial Year 2025

New Delhi : Canara HSBC Life Insurance Company has announced a bonus of ₹250 crore for the financial year 2025. This bonus will benefit approximately 2.27 lakh customers holding participating policies as of March 31, 2025. The bonus reflects the company’s strong financial performance and its commitment to delivering value to its customers. The bonus declared for 2025 is 7.90% higher than the amount declared in the previous year (2024).

Mr. Anuj Mathur, MD & CEO of Canara HSBC Life Insurance, said, “We are pleased to announce a bonus of ₹250 crore for the financial year 2025. This reflects our strong financial position and prudent investment strategy. It shows our focus on delivering long-term value to our policyholders. This achievement reinforces our commitment to fulfilling our promises and highlights our dedication to securing the financial future of our customers and their families. We are truly grateful for our customers’ unwavering trust and confidence in us.”

In participating policies or “with profit” plans, life insurance companies share profits with policyholders in the form of bonuses. This represents a mutual partnership between the insurer and the policyholders. The bonus declared each financial year accumulates and is paid out at the time of policy maturity, the insured’s death, or policy surrender. Additionally, cash bonuses may be paid on special occasions, as per the terms of the policy.

All participating policies that were in force as of March 31, 2025, are eligible for this bonus. The declared bonus will be allocated to the policyholders’ accounts and will be paid out upon policy maturity, surrender, or as per the policy terms.