HT Bureau
Guwahati, May 20: Bajaj Allianz Life rewarded its policyholders for the 21st consecutive year by announcing consistent bonuses for them for FY 2022. The company announced a bonus to the tune of Rs 1,070 crore for its policyholders. This includes the regular reversionary bonus of Rs 840 crore and terminal as well as a cash bonus of Rs 230 crore.
The bonus declared by the company is for all the participating policies, which are in force for the full sum assured as of March 31, 2022, and for which customers are paying premiums regularly. The regular reversionary bonus declared is payable at the time of maturity or death of the policyholder. The bonuses will be funded from the surplus generated by the company’s participating policyholders’ funds for FY 2022.
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Commenting on the announcement, Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance said, “We are happy to be able to announce a bonus consecutively for the last 21 years, reflecting our commitment to our customers towards being their Life Goal enablers. We will continue to strengthen the organisation’s proposition by offering value-packed products and best-in-class services. These will be in addition to announcing annual bonuses on policies to ensure our customers’ long-term financial goals are met.”
