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HDFC Life declares bonus of over Rs 2K cr
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SME Times News Bureau | 23 Jun, 2021
Life insurance company HDFC Life on Wednesday announced a bonus of over Rs 2,000 crore on its participating plans.
The eligible participating policyholders will get a share of the surplus generated in the participating fund.
"The
bonus of Rs 2,180 crore was announced in the Company's Board meeting
held in April 2021. It exceeds the previous year's bonus by 44 per
cent," the company said in a statement.
As per the company, 15.49 lakh policyholders are eligible for this bonus.
"Out
of the total amount of Rs 2,180 crore, Rs 1,438 crore will be payable
to policies in this financial year, as bonus on maturing policies or as
cash bonuses."
"The remaining bonus amount would be payable in the future when policies exit on maturity/death/surrender."
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