Ageas Federal Life Insurance declares record bonus of ₹176.32 cr for FY25, up 31% YoY

Ageas Federal Life Insurance, a private life insurer, has announced its “highest-ever” total bonus of ₹176.32 crore during the annual valuations for FY25. This is 31% higher compared to the previous fiscal’s total bonus of ₹134.44 crore.

“This significant milestone marks the 11th consecutive year of bonus declarations by the company, reflecting a notable 31% increase compared to the previous fiscal’s total bonus of ₹134.44 crore,” Ageas Federal Life Insurance said in a release.

“Our record bonus declaration for FY25 reflects the trust and loyalty of our policyholders. Through prudent fund management and a disciplined investment approach, we aim to consistently deliver strong returns and help our customers achieve lasting financial security. These bonuses are our way of thanking our customers for staying invested with us,” said Gaurav Seth, Chief Financial Officer, Ageas Federal Life Insurance.

Out of the total bonus of ₹176.32 crore, ₹53.43 crore will be distributed to eligible policyholders in the form of cash bonuses and maturity bonuses, with the remaining amount to be paid out upon policy maturity, surrender, or early death in FY26.

The bonuses consist of reversionary, cash, and terminal bonuses, offered across a broad range of both traditional and modern participating plans.

According to the company, the cash bonus under the popular super cash plan has been enhanced by 0.10% across all premium payment terms for FY25. “This enhancement is designed to provide customers with improved liquidity during the policy term. Additionally, attractive terminal bonuses continue to be declared for select plans, further enhancing long-term value delivered to policyholders,” it said.

Ageas Federal Life Insurance has enhanced both the reversionary bonus (RB) and cash bonus (CB) across its entire range of participating products for FY25. Reversionary bonuses declared range up to 10% of sum assured, while cash bonuses go up to 1.90% of sum assured, depending on the product and policy term. These bonuses are applicable to all active participating policies as of March 31, 2025. Policies that are currently in a lapsed or paid-up status may also qualify for the declared bonuses, subject to reinstatement in accordance with the applicable terms and conditions.

Having commenced operations in 2008, Ageas Federal offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co Ltd is a joint venture of Ageas, a multinational insurance giant based out of Europe and Federal Bank, one of India's leading private sector banks.

As of March 31, 2025, the company had issued over 19.71 lakh policies with a sum assured of over ₹27,558 crore. Ageas Federal Life Insurance has total assets under management of over ₹18,956 crore and a capital base of over ₹800 crore as of March 31, 2025.