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Our Bureau

Chennai , June 16

ALLIANZ Bajaj Life Insurance has declared a compounded reversionary bonus on the sum assured up to March 2003-04 on all its regular premium with-profits policies in force. The company's board also declared a "special bonus."

A company press release said that the compounded reversionary bonus rate for the main line of regular premium products such as Invest Gain and Cash Gain would be 2.3 per cent of the sum assured - - 1.8 per cent compounded reversionary bonus and 0.5 per cent special bonus.

The bonus rate for all other types of regular premium policies such as Save Care, Cash Care, Lifetime Care and Child Care would be 1.2 per cent of the Sum Assured according to the release.

More Stories on : Life Insurance | Bonus Announcements

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