Tata AIA Life Insurance has announced a record bonus payout of ₹1,842 crore for its participating plans in the financial year ending March 31, 2025. This bonus will benefit over 8.15 lakh policyholders, marking a 26% increase from the previous year’s payout of ₹1,465 crore. The company’s participating plans, such as the Diamond Savings Plan, Smart Value Income Plan, and Shubh Flexi Income Plan, will receive bonuses that are not guaranteed but are typically declared annually based on the insurer’s participating fund performance.
The bonus payout reflects Tata AIA’s commitment to its policyholders, providing them with superior returns and helping them achieve their financial goals. Kshitij Sharma, Executive Vice President and Appointed Actuary at Tata AIA, stated that the company is dedicated to helping customers live fear-free lives, achieve their financial goals, and secure a bright future for their loved ones.
Tata AIA’s participating plans are designed to help policyholders meet their life goals, such as saving for their child’s future, building a retirement corpus, or creating a reliable income stream, while safeguarding their loved ones. The plans offer benefits such as low volatility, equity upside, and life cover, providing financial security and growth potential.
As part of the Tata group, Tata AIA is committed to upholding the group’s values and philosophy. The Tata group is a global enterprise with a revenue of over $165 billion in 2023-24, employing over 1 million people across its companies. The group’s companies operate independently, with 26 publicly listed enterprises having a combined market capitalisation of over $365 billion as of March 31, 2024.
The bonus payout announcement reaffirms Tata AIA’s commitment to its policyholders and its role as a trusted life insurer in India. With its participating plans, the company aims to provide its customers with a secure and prosperous future, while also contributing to the growth and development of the Indian economy. Overall, the record bonus payout is a testament to Tata AIA’s dedication to its customers and its position as a leader in the Indian life insurance industry.