Read more about Bajaj Allianz declares Rs 1,156 cr bonus for participating policyholders on Business Standard. This includes one-time bonus of Rs 315 cr, over and above regular bonus; company says it is the 20th consecutive year that it is declaring a bonus
: Wednesday, June 9, 2021, 6:17 PM IST
Bajaj Allianz Life declares Rs 1,156 crore as bonus; it will benefit 12 lakh policyholders
Bajaj Allianz Life declares Rs 1,156 crore as bonus; it will benefit 12 lakh policyholders
Private life insurer Bajaj Allianz Life has declared bonuses amounting to Rs 1,156 crore to its policyholders. This includes a special one-time bonus of Rs 315 crore, which is above the regular bonus, the company stated.
This is the 20th consecutive year that the company declared a bonus.
Tarun Chugh, Managing Director and Chief Executive Officer, Bajaj Allianz Life Insurance said, âWe are sure that this one-off special bonus will not only make our customers happy, but will encourage several of our customers to stay invested in their Life Goals.â
Read more about Covid-related death claims have become a concern: Bajaj Allianz Life CEO on Business Standard. The experience in group term has been worsening because group term is more efficient in reporting claims, says MD Chugh
We settled a total of Rs 700 crore as claims that were 1,70,000 in number. This number is quite high, Bajaj Allianz Life Insurance MD and CEO Tarun Chugh said
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Mumbai: Kerala-based ESAF Small Finance Bank will refile its draft red herring prospects (DRHP) with the Securities and Exchange Board of India (SEBI) after its one year validity expired in March this year, CEO Paul Thomas said.
The bank has time till July 2021 to list in the local stock market according to RBI guidelines which mandates the small finance banks have to list on the local exchanges within three years of achieving a Rs 500 crore networth. We achieved a Rs 500 crore networth in July 2018 so we complete three years this year. Since its a refile we expect the DRHP process to be completed within one month following which we plan to start the process of listing, Thomas said.