Canara HSBC Life Insurance has announced a significant bonus payout for the financial year 2024–25, reinforcing its commitment to rewarding policyholders. The bonus declaration comes amidst a trend of increased profit-sharing across the Indian life insurance industry. With robust growth and sustained performance, life insurers continue to deliver value to policyholders through participating policies.
For FY 2024-25, Canara HSBC Life Insurance has declared a bonus of ₹250 crore, marking a 7.9% increase from the ₹232 crore announced in FY24. This payout will benefit around 2.27 lakh policyholders who hold participating or ‘with-profit’ policies that were active as of 31 March 2025. These policies allow the insurer to share profits in the form of bonuses, which are typically paid upon policy maturity, surrender, or death, as outlined in the policy terms.
The steady increase in bonuses highlights the insurer’s stable financial performance and its ability to generate consistent returns. Policyholders can expect this bonus to accumulate over time, enhancing the value of their policies.
The bonus declaration by Canara HSBC Life Insurance aligns with a broader trend in the industry. Earlier this month, Tata AIA Life Insurance announced its highest-ever bonus of ₹1,842 crore for FY24, benefiting 17.22 lakh policyholders: a 31% rise over the previous year. Similarly, Kotak Mahindra Life Insurance declared a bonus of ₹1,178 crore for FY25, representing a 17% increase. This payout marks the 24th consecutive year of bonuses from the company, impacting over 7 lakh policyholders.
Canara HSBC Life Insurance, established in 2007, is jointly backed by Canara Bank, HSBC Insurance (Asia Pacific), and Punjab National Bank. The company has a pan-India presence with over 100 branches and distributes its products through multiple channels, including bancassurance, digital platforms, and direct sales. Its offerings include term insurance, retirement solutions, and group plans.
Read More: Kotak Life Insurance Announces ₹1,178 Crore Bonus for Over 7 Lakh Policyholders
The bonus declaration by Canara HSBC Life Insurance not only reflects its financial strength but also underscores the growing momentum of profit-sharing in the insurance sector. As policyholders benefit from sustained bonuses, the value proposition of participating life insurance policies continues to gain relevance in long-term financial planning.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 28, 2025, 12:55 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
