HDFC Life's highest-ever bonus of Rs 3,660 Crores

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Leading Indian life insurer HDFC Life has declared its highest-ever bonus on participating plans of Rs 3,660 crore.

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The bonus declaration took place during the company's Board meeting in April 2023.

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A total of 23.14 lakh policyholders are eligible to receive this bonus.

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Out of the Rs. 3,660 crore bonus amount, Rs. 2,696 crore will be paid out to policies in the current financial year.

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The bonus can be received either as a bonus on maturing policies or in the form of cash bonuses.

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The remaining bonus amount will be paid in the future upon policy cessation through maturity, death claims, or surrender pay-outs.

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Participating or par plans are life insurance policies that offer policyholders profit-sharing benefits in the form of bonuses.

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HDFC Life's bonus declaration reflects the company's strong performance & commitment to providing value to its policyholders.

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Policyholders can expect to receive additional financial benefits through the declared bonus on their participating plans.

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The high bonus amount demonstrates HDFC Life's financial stability and its ability to generate substantial profits for its policyholders.

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