Bajaj Allianz Life announces bonus: Over 11.62 lakh policyholders will benefit

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Bajaj Allianz Life rewards its policyholders for trusting the company, for the 21st consecutive year by announcing consistent bonuses for them for fiscal year 2022. The company announced a bonus of up to 1,070 crore for its policyholders. This includes the regular reversion bonus of 840 crore and the Terminal & Cash bonus of 230 crores. More than 11.62 lakh of eligible loyal policyholders, who have remained focused on their life goals with Bajaj Allianz Life will benefit from this announcement.

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The premium declared by the Company applies to all participating policies, which are in force for the full face amount as of March 31, 2022 and for which customers regularly pay premiums. The declared regular reversion bonuses are payable on maturity or on the death of the policyholder. Premiums will be funded from the surplus generated by the Company’s participating policyholder funds for fiscal year 2022.

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Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance, said, “We are pleased to be able to announce a premium consecutively over the past 21 years, reflecting our commitment to our customers to be their life purpose enablers. We will continue to strengthen the organization’s proposition by offering value-added products and best-in-class services. These will be in addition to announcing annual policy bonuses to ensure that our clients’ long-term financial goals are met.”

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Bajaj Allianz Life has been rated “AAA (IS)” Stable by CARE Ratings*, indicating the highest degree of certainty regarding the timely service of financial obligations.

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