Canara HSBC Life Insurance Company Ltd, a life insurance company offering protection and long-term savings products, has announced a bonus of ₹271 crore for FY26 for policyholders holding participating (PAR) policies.
The bonus will benefit around 2.33 lakh policyholders whose participating policies were in force as of March 2026.
The company said the declared bonus marks a growth of 8.31% over the previous year and reflects its disciplined approach towards delivering long-term value supported by a strong financial foundation and prudent investment strategy.
Bonus linked to participating policies
The declared amount will be added to policy benefits and paid in accordance with policy terms, including at maturity, surrender or other benefit events.
Participating policies, also known as with-profit plans, enable life insurance companies to share a portion of profits with policyholders in the form of bonuses, reflecting a shared participation model between the insurer and customers.
Bonuses declared every financial year are accumulated and distributed upon policy maturity, death or surrender. Certain policies may also provide cash bonuses on specified policy events depending on policy conditions.
Leadership comments
Canara HSBC Life Insurance Managing Director & CEO Anuj Mathur said: “The declaration of this year’s bonus reflects our steadfast focus on building and delivering enduring value to our policyholders. It demonstrates the strength of our financial foundation, our prudent investment strategy, and our commitment to consistent, sustainable growth.”
The company said all participating policies in force as on March 31, 2026, would be eligible for the declared bonus.