Tata AIA Life Insurance Co. Ltd. (Tata AIA) has declared a bonus of INR 861 Crores for FY2022 to all eligible participating policyholders. This is the 5th consecutive year of bonus payment and exceeds the bonus paid in FY2021 by 20%.
All participating policies in force as of March 31st 2022, are eligible to receive this annual bonus, which will be added to the policyholders’ benefits. Strong fund management capabilities coupled with robust risk management practices have enabled the Company to consistently reward participating policyholders with higher bonuses, showcasing the efficacy of participating products in helping consumers achieve their financial goals.
Samit Upadhyay, Chief Financial Officer, Tata AIA Life said, “Our long-term fund management philosophy and prudent investment & risk management policies have enabled us to declare a robust bonus to our consumers. We are sure this will go a long way in meeting their protection and long-term saving needs.”