 |
Insurance
15-May-24
|
|
|
|
|
|
|
|
|
|
|
|
HDFC Life declares bonus worth Rs 3722 crore to policyholders
|
|
|
|
|
|
|
HDFC Life Insurance, one of India’s leading private sector life insurer on Wednesday announced its highest-ever bonus of Rs 3,722 crore on participating plans to nearly 22.23 lakh policyholders.
In participating or 'par' policies, life insurance companies share the benefit of profit with the policyholders in the form of bonuses. These plans allow policyholders to share the company's profits, reflecting a mutual partnership between the insurer and the policyholders.
Out of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current financial year (FY25) in the form of maturity bonuses or cash bonuses. The remaining bonus is payable in future on policy maturity, death or surrender.
Vibha Padalkar, Managing Director & Chief Executive Officer of HDFC Life, said, “We are delighted to announce an increase in the bonuses for our valued policyholders this year. Life insurance policies are designed for the long term, and bonuses serve as a reward for the loyalty of policyholders throughout the policy term. We are committed to providing the best products and services to our policyholders, ensuring value for all our stakeholders.”
|
|
|
|
Previous News |
HDFC Life Insurance Company allots 2.86 lakh equity shares under ESOS
(
Corporate News
-
17-Nov-23
18:22
)
|
|
|
Benchmarks turn rangebound; private bank advance
(
Market Commentary
-
Mid-Session
30-Jun-23
14:37
)
|
|
|
HDFC Life Q3 PAT rises 15% YoY to Rs 315 cr
(
Hot Pursuit
-
20-Jan-23
15:22
)
|
|
|
HDFC Life Insurance Company standalone net profit declines 32.97% in the June 2021 quarter
(
Results
-
Announcements
19-Jul-21
16:17
)
|
|
|
Shares of HDFC Life Insurance rose 1% on news of Abrdn share sale
(
Insurance
-
13-Sep-22
17:45
)
|
|
|
HDFC Life Insurance Company
(
Analyst Meet / AGM
-
Conference Call
23-Jan-21
10:50
)
|
|
|
HDFC Life Insurance Company Ltd gains for third straight session
(
Hot Pursuit
-
07-Jun-24
13:05
)
|
|
|
HDFC Life, Vedanta see action after Nifty 50 rejig
(
Hot Pursuit
-
03-Jul-20
09:19
)
|
|
|
HDFC Standard Life Insurance Company
(
Results
-
Analysis
15-Mar-19
18:36
)
|
|
|
Insurance regulator IRDAI approves merger of Exide Life with HDFC Life
(
Insurance
-
14-Oct-22
9:58
)
|
|
|
HDFC Life announces bonus of Rs 3660 crore for par plans
(
Insurance
-
17-May-23
9:50
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|