Lately, Max Life Insurance Company Ltd. has announced its highest participating bonus of Rs. 1,420 Cr, Surpassing the milestone of Rs 10,000 Cr of the declared bonus. Reportedly, this is the company’s 20th consecutive annual bonus with about 9.05% higher than the previous year. Alongside, the company has witnessed an increase in the compound annual growth rate (CAGR) of more than 11% in the last 5 years.
Abiding by the long-term financial goals the acquired bonus will be added to 21 lac eligible participating policyholders in FY21-22.
Prashant Tripathy, MD & CEO, Max Life said, “Despite pandemic-related challenges and its effect on markets, Max Life delivered strong business outcomes and declared the highest-ever policyholder bonus by maintaining a focused approach towards sustainable and organic growth.”
In addition, Max Life’s participating fund has reached approximately Rs. 54,650 Cr. of assets under management (AUM) and has grown over 12 times in a decade.