Kolkata, June 2023 : Reliance Nippon Life Insurance Company Limited has announced total bonus of ₹344 crore. For participating policy holders of FY23. The company registered a strong financial performance to disburse ₹108 crore in FY23. As profit after tax (up 65% from FY22).
As per this declaration, all participating policies with return bonus applicable till March 31, 2023 are credited with the declared bonus. For policies with retrospective bonus, it will increase the assured benefit on death and maturity This bonus is paid out of the profits generated by the fund to the participating policyholders of the company for FY23. This bonus issue will benefit over 5,69,000 participating policyholders of Reliance Nippon Life. The company has been announcing bonuses regularly for the past 22 years as these bonuses act as an incentive for customers to pay their premiums regularly and stay invested for the entire policy term.
Commenting on the bonus announcement, Mr. Ashish Vohra, ED & CEO, Reliance Nippon Life Insurance said, “Our mission is to provide prosperity and peace of mind to all customers. We are happy to announce this bonus, which will benefit more than 5.6 lakh people. .” The bonus rates announced for various participating policies are a testament to our continuous efforts to provide better value to customers. Over the years, we have launched very competitive partnership schemes like Milestone Scheme and Smart Zindagi Plus Scheme and we expect these products to continue to deliver value. I will keep it.”
The bonus announced under the Participating Policy helps in wealth creation, enabling customers to fulfill their long-term life goals. Also, the guaranteed benefit provided on policy maturity or in the unfortunate event of the policyholder's death provides financial security to both the policyholder and their loved ones, thereby ensuring a stable future.
Reliance Nippon Life Insurance is one of India's leading and most trusted individual life insurance companies with total assets under management (AUM) of ₹30,609 crore. And a total insured of ₹85,950 crore. By March 31, 2023.
0 Comments