Canara HSBC Life Insurance has declared a bonus amounting to Rs. 78 crore for all its eligible policyholders for the financial year 2021-2022. This is the ninth consecutive year when the life insurer has declared bonus on participating products.
The latest bonus reflects a 28 per cent increase over the bonus amount of the previous year.
Anuj Mathur, MD & CEO, Canara HSBC Life Insurance, said, “We are elated to announce the annual bonus for our customers and pleased that we are progressing each year in fulfilling the promises made to our customers. Our customers are testimony of our growth journey and our commitment towards their financial goals is unparalleled.”
Strong fund management and robust risk management practices have enabled the company to consistently reward participating policyholders with a higher bonus, he added. The annual bonus declaration reflects the company’s ability to successfully deliver on promises made to the policyholder.