Mumbai, June 10 -- HDFC Life has announced a bonus of Rs. 4102 crore, the highest-ever bonus declared by it on its participating policies, benefiting over 21.90 lakh policyholders, according to a statement issued on Tuesday.
From the total bonus declared, an amount of Rs 3,232 crore will be payable to policies in the current financial year as part of survival or maturity payouts and the remaining will accrue as policy benefits and will be paid when these benefit payments are made in subsequent financial years.
The annual bonus declared by HDFC Life has approximately doubled every four years, thus reflecting consistent growth in with-profits fund performance and policyholder value. The company has declared a total cumulative bonus amount...