Live
- Maintaining India’s growth momentum
- Study Reveals Teabags Release Billions of Microplastics and Nanoplastics, Entering Your Body
- Workplace Wonders: Creative Secret Santa Gifts for Colleagues
- Kumbh Mela 2025: Essential Guide to Comfortable and Respectful Attire for Maha Kumbh
- Hyderabad Real Estate Faces Setback: Property Sales Drop 7% Year-on-Year in 2024
- Gnani’s Gen AI Solutions Revolutionising BFSI
- Congress Party Celebrates Christmas in Gadwal District with Unity and Joy
- Trump's WHO threat sparks debate on the efficiency of global health governance
- ICC Champions Trophy 2025 Schedule: India vs Pakistan Match Set for February 23 in Dubai
- Champions Trophy 2025: Full Schedule, Match Dates, Venues, Timings, and Updates
HDFC Life declares bonus of over Rs 2K cr
HDFC Life declares bonus of over Rs 2K cr
Life insurance company HDFC Life on Wednesday announced a bonus of over Rs 2,000 crore on its participating plans.
Mumbai : 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."
