Tata AIA Offers Highest-ever Bonus Of Rs 1,183 Cr To Policyholders
Tata AIA Life Insurance on Wednesday said that it has offered a whopping bonus of Rs 1,183 crore for participating (PAR) policyholders for the financial year 2022-23.
The company has been paying bonuses to its eligible policyholders over the years and the FY23 bonus was 37 per cent higher than Rs 861 crore bonus dedicated in FY22.
According to the company, a total of 7,49,229 participating policies are eligible for this bonus.
PAR products developed by Tata AIA offer life insurance cover, income, as well as lump-sum benefits in the form of bonuses.
Meanwhile, the total assets under management (AUM) as of 31 March 2023 was Rs 71,006 crore.
