 "Tarun Chugh, MD & CEO Bajaj Allianz Life")
Private sector life insurer Bajaj Allianz Life Insurance has declared an annual bonus of Rs 1,156 crore for its 1.2 million participating policyholders for FY21.
The bonus amount includes a one-time bonus of Rs 315 crore, which is over and above the regular bonus. The company, in a statement, said it is the 20th consecutive year that it is declaring a bonus, delivering long-term value for its policyholders.
The bonus declared will be for all ‘par product’ policies that are in force for full sum assured as of March 31, 2021, and for which customers are paying premiums
The bonus amount includes a one-time bonus of Rs 315 crore, which is over and above the regular bonus. The company, in a statement, said it is the 20th consecutive year that it is declaring a bonus, delivering long-term value for its policyholders.
The bonus declared will be for all ‘par product’ policies that are in force for full sum assured as of March 31, 2021, and for which customers are paying premiums
