HDFC Life's highest-ever bonus of Rs 3,660 Crores
Leading Indian life insurer HDFC Life has declared its highest-ever bonus on participating plans of Rs 3,660 crore.
The bonus declaration took place during the company's Board meeting in April 2023.
A total of 23.14 lakh policyholders are eligible to receive this bonus.
Out of the Rs. 3,660 crore bonus amount, Rs. 2,696 crore will be paid out to policies in the current financial year.
The bonus can be received either as a bonus on maturing policies or in the form of cash bonuses.
The remaining bonus amount will be paid in the future upon policy cessation through maturity, death claims, or surrender pay-outs.
Participating or par plans are life insurance policies that offer policyholders profit-sharing benefits in the form of bonuses.
HDFC Life's bonus declaration reflects the company's strong performance & commitment to providing value to its policyholders.
Policyholders can expect to receive additional financial benefits through the declared bonus on their participating plans.
The high bonus amount demonstrates HDFC Life's financial stability and its ability to generate substantial profits for its policyholders.
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