Good News For HDFC Life Policyholders: If you have taken a life insurance policy of HDFC Life, a private sector life insurance company, then there is good news for you. HDFC Life is going to give tremendous bonus to its 5.87 lakh policyholders. This is the highest bonus offered by HDFC Life on its participating plans.
2465 crore bonus to policyholders
HDFC Life is going to give a bonus of Rs 2465 crore to its 5.87 lakh policyholders. Out of this amount, Rs 1,803 crore will be given to policyholders in the form of cash bonus on maturity of policy in this financial year. The outstanding bonus will be paid on maturity of the insurance policy, or on the death of the policyholders again or on surrender of the policy. Announcing this bonus, HDFC Life MD-CEO Viba Padalkar said that this is the highest bonus offered by the company. We are giving bonus year after year. Thus trying to stand on the trust of the policyholders who have invested their hard earned money to financially strengthen themselves and their loved ones.
Shares fell 29% from their highs
Let us tell you that HDFC Life entered the insurance sector in 2000 after the private sector was allowed in the insurance sector. HDFC is offering life protection, savings, investment, annuity and health plans. HDFC Life is also listed on the stock exchange. At present, the share of HDFC Life is trading at Rs 554. The stock has also touched a high of Rs 775. But due to the fall in the market from these levels, about 29 percent has come down.
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