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Showing posts from June, 2021

HDFC Life announces Rs 2,180-cr bonus for insurance plan subscribersPress Trust

HDFC Life announces Rs 2,180-cr bonus for insurance plan subscribers Press Trust of India  |  New Delhi | Last Updated at June 23 2021 23:34 IST Topics HDFC Life Insurance  |  Insurance industry  |  life insurance industry Representational image HDFC Life on Wednesday announced a bonus of Rs 2,180 crore to its policyholders subscribing to participating insurance plans. ADVERTISING Under a participating plan, a policyholder is eligible to get a share in the profits of company in the form of bonus. The eligible participating policyholders will get a share of the surplus generated in the participating fund and their benefit amount will increase with declaration of bonuses every year, HDFC Life said in a statement. It exceeds the previous year's bonus by 44 per cent. A total of 15.49 lakh policyholders are eligible for this bonus, it said. Out of the total amount, Rs 1,438 crore will be payable to policies in this financial year as bonus on maturing policies or...