Bajaj Allianz Life Insurance has announced a significant annual bonus of Rs 1,833 crore for the financial year 2024-25, marking a 32% increase from the previous year’s bonus of Rs 1,383 crore. This bonus will benefit over 1.17 million policyholders who hold traditional participating policies that were active as of March 31, 2025. The bonus is sourced from the insurer’s participating fund and will be disbursed upon policy maturity or exit, as per the terms of the policies.
In addition to the annual bonus, the company has also announced a special reversionary bonus of 5%, amounting to Rs 206 crore, for policyholders of two equity-oriented plans: Bajaj Allianz Life ACE – Wealth Option and Bajaj Allianz Life Flexi Income Goal – Enhanced Benefit. This special bonus is a testament to the company’s commitment to delivering consistent value to its policyholders.
Policyholders can expect to receive their bonuses either at the time of policy maturity or exit, or in some cases, cash bonuses may be allocated annually on the policy anniversary. The company’s managing director and CEO, Tarun Chugh, attributed the highest-ever annual participating bonus to the company’s sound investment strategies and strong financial base.
This is the 24th consecutive year that Bajaj Allianz Life has announced such a bonus, highlighting its focus on providing sustained value to its policyholders. As of March 31, 2025, the company reported an individual claim settlement ratio of 99.29% and a solvency ratio of 359%, demonstrating its solid financial foundation and operational efficiency. The company’s assets under management exceeded Rs 1.23 lakh crore, further underscoring its stability and commitment to its policyholders.
Overall, the bonus announcement is a positive development for Bajaj Allianz Life Insurance policyholders, who can look forward to receiving a significant bonus payment. The company’s strong financial performance and commitment to delivering value to its policyholders are expected to continue, making it a reliable choice for individuals seeking life insurance coverage.