Max Life Insurance Company (Max Life) has announced its highest-ever participating (PAR) bonus of Rs1,826 Crore for its eligible policyholders in FY23-24. The bonus is 14% higher than the bonus declared in the last fiscal. The declared annual bonus will be added to the benefits of approximately 21 lakh eligible participating policyholders over the next one year, starting July 24. Cumulatively the insurer has declared bonus of 13,712 crore in the last 22 years.