HDFC Life Declares Bonus of Rs. 2465 cr.

HDFC Life Declares Bonus of Rs. 2465 cr.
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Mumbai, India: HDFC Life has declared its highest ever bonus on its participating plans. The bonus of Rs. 2465 cr. was announced in the Company's Board meeting held in April 2022. 5.87 lakh policyholders are eligible for this bonus.

Out of the total amount of Rs. 2465 cr., Rs. 1,803 cr. will be payable in this financial year, as bonus on maturing policies or as cash bonuses. The remaining bonus amount would be payable in the future as and when policies cease to exist on account of maturity, death or surrender.

Vibha Padalkar, MD & CEO, HDFC Life, said, We are pleased to announce market competitive bonus payouts year after year. It is our way of exceeding the expectations of our policyholders who strongly believe in financially securing themselves and their loved ones and have entrusted us with their hard-earned money. We stay committed to uphold the trust they have placed in us. It is our promise to keep delivering value to all.