Bajaj Allianz Life Reveals its Highest-Ever Bonus Ever

Bajaj Allianz Life, one of India’s leading private life insurers, announces bonuses for the 23rd consecutive year! This is for the over 11.66 lakh policyholders who have invested in the Company’s participating products. This is the Company’s highest bonus declaration ever at Rs. 1,383 crores for FY2024.

Traditional participating(with-profit) policies holders are eligible for a bonus derived from the surplus generated by participating(with-profits) funds. All participating policies in force as on March 31, 2024, are eligible to receive this bonus.

Policyholders of participating products like Bajaj Allianz Life Flexi Income Goal, Bajaj Allianz Elite Assure, Bajaj Allianz Life Ace, amongst others stand to benefit from the bonus declared. FY2024 bonus marks a 15% increase over FY2023 bonus, which stood at Rs. 1,201 crores. Bonuses are declared annually and distributed upon policy maturity or exit, with cash bonuses paid out on specific policy events based on policy conditions. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “We are happy to declare one of the highest bonuses in our history of over two decades.”