Saturday, 2 June 2018

Bajaj Allianz Life Insurance declares Special Bonus


2/6/2018

PUNE: Bajaj Allianz Life Insurance Company Ltd., a private life insurer announced a one-time Special Bonus for all its policyholders who have participating policies in force as on 31st March
2018.

The one-time Special Bonus is over and above the Compounded Reversionary Bonus declared for respective participating plans. This move will benefit over 13 lakhs policyholders who have stayed invested and reposed their faith in the company.

The one-time Special Bonus has been declared only for the FY 2017-18 at 1% of the base Sum Assured that is payable at the time of claim. Along with the one-time Special Bonus, Bajaj Allianz Life Insurance Company has also declared the yearly Compounded Reversionary Bonus. The Compounded Reversionary Bonus is computed on the Sum Assured and all accumulated bonuses.

Commenting on the one-time special bonus for its policyholders, Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance Company Ltd. said, “Our Company has realized capital gains and we have decided to share this with our in-force policyholders. The one-time Special Bonus declared over and above the annual bonus allows our customers to enjoy the benefits of staying invested with us and achieving their life goals.”

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