Tata AIA Life Insurance Co. Ltd. has announced its highest-ever bonus payout of INR 1,465 crores for Participating (PAR) policyholders in the financial year 2024, marking a significant 24% increase from the previous fiscal year’s payout of INR 1,183 crores.Known for its robust investment management and stringent risk management practices, Tata AIA has consistently delivered substantial bonuses, reinforcing its position as a trusted insurer in India.
The company’s stellar performance is further underscored by industry-leading persistency ratios, where it ranked #1 in four cohorts: 13th Month (89.40%), 25th Month (80.70%), 37th Month (75.00%), and 49th Month (73.10%). These ratios reflect policyholders’ high renewal rates, demonstrating strong customer loyalty and trust. Kshitij Sharma, Executive Vice President and Appointed Actuary at Tata AIA, expressed delight at the achievement, emphasizing the company’s commitment to rewarding policyholders’ trust and providing superior returns. Tata AIA offers a range of Participating products like the Tata AIA Smart Value Income Plan, which not only provides life cover but also offers early cash bonuses and options for wealth accumulation.
With a focused investment philosophy aimed at delivering consistent, long-term returns, Tata AIA has seen its Assets Under Management grow to INR 1 lakh crores in under three years. The company’s investment portfolio, with 91% of rated AUM achieving 4-star or 5-star ratings by Morningstar, reflects its dedication to maintaining high-quality investments.
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