Insurance News Details

Bajaj Allianz Life Insurance announced highest ever bonus of Rs 1,383 crore

(30-Apr-24   17:35)

Bajaj Allianz Life Insurance announced it?s highest-ever bonus declaration of Rs 1,383 crores for FY24. The bonus is being paid out to over 11.66 lakh policyholders who have invested in Bajaj Allianz Life?s participating products.

Bajaj Allianz Life has declared bonuses for the 23rd consecutive year for its participating policyholders.

The FY24 bonus marks a 15 per cent increase over FY23 bonus, which stood at Rs 1,201 crores.

As per the company, policyholders with traditional participating (with-profit) policies are eligible to receive this bonus. All participating policies that were in force as on March 31, 2024, are eligible to receive this bonus.

Policyholders of participating products such as Bajaj Allianz Life Flexi Income Goal, Bajaj Allianz Elite Assure, Bajaj Allianz Life Ace, amongst others are eligible to receive the bonus declared.

Speaking about the highest bonus declare, Tarun Chugh, MD & CEO of Bajaj Allianz Life Insurance said, ?We are happy to declare one of the highest bonuses in our history of over two decades. It?s a reflection of the focus we lay on enabling the long-term life goals of our customers in every manner. Our investment strategies that back our value-packed products are designed to ensure we bring our customers closer to their life goals each year. This bonus declaration is one such essential step in that direction. We will continue to work tirelessly towards our customers? life goals and acknowledge their trust and faith in us through such declarations.?

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