HDFC Life will give the highest bonus ever, Rs 2465 crore announced, 5.87 lakh policyholders will be benefited

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Mumbai. HDFC Life has announced the highest ever bonus offer on its participating plans. A bonus of Rs 2465 crore was announced in the company’s board meeting held in April 2022. 5.87 lakh policyholders are eligible for this bonus. Out of the total amount of Rs 2465 crore, Rs 1,803 crore will be given as bonus or cash bonus on mature policies in this financial year. The remaining bonus amount will be given in future. When the policy terminates due to maturity, death or surrender.

Commenting on the highest ever bonus announcement by the company, Vibha Padalkar, MD & CEO, HDFC Life said, “We are delighted to announce year after year market competitive bonus payouts. It is our way of exceeding the expectations of our policyholders, who strongly believe in securing themselves and their loved ones financially. Handing over your hard earned money to us. We are determined to maintain the trust they have reposed in us. It is our promise to keep providing value to all.”

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Established in the year 2000
HDFC Life is a JV between India’s leading housing finance institution HDFC Limited and global investment company Aberdon (Mauritius Holdings) 2006 Limited. Established in 2000, HDFC Life is a leading and listed company in India.

It provides the service of long term life insurance. It offers a wide range of individual and group insurance to its customers. In this, various services like security, pension, savings, investment and health are available.

Also read- These are the common mistakes most people make when taking out life insurance? Read here and choose the right insurance policy

372 Branches
As of March 31, 2022, the company had 39 individual and 13 group products in its portfolio. HDFC Life has 372 branches due to which it has reach to a large population. HDFC Life has around 300 partnerships, which include traditional partners such as NBFCs, MFIs and SFBs.

Tags: HDFC, Insurance, Insurance Policy, Life Insurance

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