Tata AIA Life has announced a record bonus payout of INR18.42 billion (US$216.29 million) in its participating plans for the financial year ending 31 March 2025, which will benefit over 815,000 policies.
This year’s payout marks a 26% increase over last year’s bonus of INR14.65 billion — the highest ever in the company’s history.
Among other participating plans, the bonus has been declared for key participating plans such as the Diamond Savings Plan, Smart Value Income Plan, Value Income Plan and Shubh Flexi Income Plan.
Participating Insurance Plans, also known as "Par" plans, are life insurance policies that share profits with policyholders in the form of bonuses or dividends.
These bonuses are not guaranteed but are typically declared annually, depending on the performance of the insurer’s participating (or with-profits) fund.
This announcement reaffirms Tata AIA’s unwavering commitment to partner with its consumers and enable them to fulfil their dreams.
Mr Kshitij Sharma, Executive Vice President and Appointed Actuary at Tata AIA, said, “We are excited to announce another year of exceptional bonus payouts for our participating policyholders. Tata AIA’s record-breaking bonus declaration underscores our commitment to honouring the trust of our policyholder, while continually rewarding them with superior returns. We remain dedicated to helping our customers live fikar-free lives, achieve their financial goals, and secure a bright future for their loved ones.”