HDFC Life Insurance Company has announced a record-breaking bonus of ₹4,102 crore for its participating policyholders, marking the largest-ever bonus declaration in the company’s 25-year history. This bonus will benefit over 21.90 lakh policyholders, with ₹3,232 crore being disbursed in the current financial year as part of survival or maturity payouts. The remaining amount will accrue as policy benefits, payable in subsequent years.
The company’s annual bonus has approximately doubled every four years, reflecting consistent growth in its with-profits fund performance. Since its inception, HDFC Life has declared a cumulative bonus amount exceeding ₹22,500 crore across eligible participating policies. Eshwari Murugan, Appointed Actuary at HDFC Life, stated that this declaration is the company’s highest bonus yet and considers policy bonuses as a loyalty reward for long-term policyholders.
This announcement follows similar declarations from other insurers, including Axis Max Life Insurance, which declared a participating bonus of ₹2,135 crore for FY2024-25, benefiting over 21 lakh policyholders. Tata AIA Life Insurance also announced a bonus of ₹1,842 crore for FY24, benefiting 17.22 lakh policyholders, while Kotak Mahindra Life Insurance declared a bonus of ₹1,178 crore for FY25.
The bonus declaration by HDFC Life is a significant milestone, reflecting the company’s commitment to rewarding its policyholders for their loyalty and trust. The company’s consistent growth and performance have enabled it to declare increasingly larger bonuses over the years, demonstrating its ability to deliver value to its customers. With this declaration, HDFC Life reinforces its position as a leading life insurance provider in India, dedicated to providing long-term financial security and benefits to its policyholders.