Tata AIA Life Insurance has declared a record bonus of Rs 1,842 crore, which is expected to benefit the company’s 8.15 lakh policyholders.
Tata AIA Life Insurance Announced Record Bonus Payout: Tata AIA Life Insurance has announced a record bonus of Rs 1,842 crore for the financial year 2024-25. This is the biggest bonus amount ever given by the company to its policyholders. More than 8.15 lakh policyholders will benefit from this bonus. This time 26 percent more bonus has been given as compared to last year’s Rs 1,465 crore.
In which plans is the bonus given
This bonus has been declared for the major participating plans of Tata AIA. These include Diamond Savings Plan, Smart Value Income Plan, Value Income Plan and Shubh Flexi Income Plan. These plans are called ‘participating plans’ or ‘par plans’, in which policyholders get a part of the company’s profits as bonus.
What does the bonus mean for you
If you have taken any participating plan of Tata AIA, then you will get the benefit of this bonus directly. This bonus is usually declared every year and it depends on how much profit the company has made. This bonus increases the benefit of your policy and gives better returns in the long run.
Kshitij Sharma, Executive Vice President and Appointed Actuary, Tata AIA, said, “We are pleased to announce yet another great bonus for our participating policyholders. This bonus reflects our commitment to honor the trust of our policyholders and provide them with superior returns. Our endeavour is to help our customers live a worry-free life and achieve their financial goals.”
What is special about PAR plans
PAR plans are emerging as a balanced option in the current uncertain market environment. These plans link investment in insurance with the growth of equity, and also provide some protection from market volatility. These plans provide life insurance cover along with returns through bonuses, which also ensures financial security of the family. Investors who are doing financial planning for future needs such as children’s education, retirement planning or regular income can consider investing in such PAR plans.
