Canara HSBC Life Insurance Company Limited has announced a bonus payout of ₹271 crore for participating policyholders for the financial year 2025-26, as per news reports.
The insurer said around 2.33 lakh policyholders will be covered under the declaration. The bonus applies to participating policies that remained active as of March 31, 2025.
The company stated that the payout is 8.31% higher than the bonus declared in the previous financial year.
According to the insurer, the declared bonus will be added to policy benefits and paid as per the conditions mentioned in individual policies. The amount may become payable at maturity, surrender, or during eligible claim settlements.
Participating policies, also referred to as with-profits plans, allow policyholders to receive a share of the insurer’s surplus. Bonuses under such policies are declared periodically and accumulate during the policy tenure.
The company said all participating policies that were in force on the eligibility date are included under the declaration. Non-participating plans are not covered under the payout.
Canara HSBC Life said the declaration shows the company’s financial and investment performance during the year. The insurer operates mainly through a bancassurance distribution network across India.
The company is a joint venture between Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited. Insurance products are distributed through bank branches and partner channels.
The announcement follows similar bonus declarations by other life insurance companies in recent weeks. Earlier, HDFC Life Insurance Company Limited announced a bonus payout of ₹4,596 crore for participating policyholders, covering around 22.2 lakh policies.
Separately, Bajaj Allianz Life Insurance also declared a bonus payout of ₹1,939 crore for participating policyholders for FY26.
As of May 15, 2026, 2:43 pm, Canara HSBC Life Insurance Company share price was trading at ₹136.00, down 0.65% from the previous closing price
Life insurance companies continued to announce annual bonuses for participating policyholders as part of surplus distribution linked to with-profits insurance plans.
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Published on: May 15, 2026, 2:56 PM IST
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