Bajaj Allianz Life Announces Bonuses for Participating Policyholders

PUNE:
Bajaj Allianz Life, one of India’s leading private life insurers, once again acknowledges the unwavering trust of its policyholders by announcing bonuses for the 22nd consecutive year. The Company has declared a bonus of Rs. 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores. The bonuses will benefit 11.43 lakh eligible loyal policyholders who have remained committed to their Life Goals with Bajaj Allianz Life.

The Regular Reversionary Bonus declared by the Company will be payable at the time of maturity or death of the policyholder. The funds for the bonus will be sourced from the surplus generated by the Company’s participating policyholders’ funds for FY2023.

Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “Bajaj Allianz Life continues to remain committed to the promise made to its customers. The bonuses announced for 22 years consecutively is a testament of the teams’ focus to ensure our customers continue to enjoy the benefits of staying invested in their long-term goals with us. We will continue to focus on customer centricity as we move ahead to enable many more customers fulfil their goals with us.”

Bajaj Allianz Life declared bonuses for the 22nd consecutive year for its participating products including Bajaj Allianz Life Flexi Income Goal, Bajaj Allianz Elite Assure, Bajaj Allianz Life Income Assure amongst others. All participating policies in force as of March 31, 2023, are eligible to receive the bonuses announced by the Company.

The competitive bonuses announced by Bajaj Allianz Life year after year is a testament of the trust customers have on the Company. With its enhanced product suite, digital & tech-enabled services, large distribution network and a customer-centric approach, Bajaj Allianz Life is well poised to enable many more customers achieve their Life Goals in a seamless and fulfilling manner in the years to come.