November 04, 2024 23:58 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | PM Modi slams INDIA block for its silence over Sena UBT leader's sexist remark against Shaina NC | PDP member brings anti-Article 370 resolution in J&K assembly; BJP resists, CM Abdullah says only govt can do it
TATA AIA Life announces record annual bonus of Rs 861 cr for its policyholders
TATA AIA Life

TATA AIA Life announces record annual bonus of Rs 861 cr for its policyholders

| @indiablooms | 10 Aug 2022, 07:15 pm

Mumbai: Tata AIA Life Insurance Co. Ltd. (Tata AIA) Wednesday declared a bonus of Rs 861 crores for FY2022 to all eligible participating policyholders.

This is the 5th consecutive year of bonus payment and exceeds the bonus paid in FY2021 by 20 percent.

All participating policies in force as of March 31, 2022, are eligible to receive this annual bonus, which will be added to the policyholders’ benefits.

Strong fund management capabilities coupled with robust risk management practices have enabled the company to consistently reward participating policyholders with higher bonuses, showcasing the efficacy of participating products in helping consumers achieve their financial goals.

Commenting on the occasion, Tata AIA Life Chief Financial Officer Samit Upadhyay said, “Our long-term fund management philosophy and prudent investment & risk management policies have enabled us to declare a robust bonus to our consumers."

At least 99.83 percent of the rated AUM of Tata AIA is rated either 4 stars or 5 stars on a 5-year basis as of March 31, 2022, by Morningstar Ratings, the company said.

In all Funds put together, the Company recorded an Individual Weighted New Business Premium (IWNBP) income of Rs 4,455 crore for the financial year 2021-22, a growth of 30 percent compared to Rs 3,416 crore for the year 2021-22
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.