Tata AIA Life Insurance has declared its highest-ever annual bonus of ₹1,842 crore for participating policyholders for the financial year ending March 31, 2025. The payout represents a significant 26 per cent increase over last year’s bonus of ₹1,465 crore and will benefit more than 8.15 lakh policies.
The record bonus applies to several of the insurer’s participating plans, including Diamond Savings Plan, Smart Value Income Plan, Value Income Plan, and Shubh Flexi Income Plan.
Kshitij Sharma, Executive Vice President and Appointed Actuary at Tata AIA, stated that the bonus declaration demonstrates the company’s commitment to rewarding policyholders with competitive returns while helping them achieve their financial goals.
Participating plans, also known as “Par” plans, are life insurance policies that share profits with policyholders through annual bonuses based on the performance of the insurer’s participating fund. Tata AIA’s participating plans are designed to provide protection while offering potential growth through managed equity exposure.
Tata AIA Life Insurance is a joint venture between Tata Sons and AIA Group Ltd. The company reported a total premium income of ₹25,692 crore for FY24, marking a 25 per cent increase from the previous year. It currently ranks among the top three private insurers in India based on Individual Weighted New Business Premium income, which stood at ₹7,413 crore.