TATA AIA Life Insurance announces the distribution of a record annual bonus of INR 861 crores to its policyholders; the fifth-annual bonus consecutively exhibits the company’s commitment to fulfilling the promises made to policyholders. TATA announces INR 861 crores to all the eligible participating policyholders. The annual bonus for FY 2022 is 20% higher than the last year’s bonus.

“At Tata AIA, the long-term financial wellbeing of our consumers is at the core of everything we do, and we endeavour to ensure they are financially secure. Our long-term fund management philosophy and prudent investment & risk management policies have enabled us to declare a robust bonus to our consumers. We are sure this will go a long way in meeting their protection and long-term saving needs. We remain committed to offering significant value to our consumers through our highly rated and consumer-friendly insurance solutions.” States Samit Upadhyay, Chief Financial Officer, Tata AIA Life.

It is the 5th consecutive year of bonus payment by TATA; this time, the bonus payment has to exceed the bonus paid in FY 2021 by 20%. All the participating Policies that came into force as of March 31st 2022 are eligible to get the annual bonus, which will benefit the policyholders. The ability to manage the fund and robust risk management enactments have enabled the company to reward bonuses to the policyholders consistently 5th time. Providing higher bonuses shows the effectiveness and sufficiency of participating products in assisting the consumers to achieve their financial goals.