Tata AIA Life declares highest-ever bonus of Rs 1,183 crore for PAR policyholders

Investing in these solutions offers consumers the opportunity to grow their investments without taking on the risks associated with market-linked products.

Cash bonuses provide liquidity and help consumers generate wealth through a terminal bonus component in addition to a life cover throughout the term of the policy.

Samit Upadhyay, President, and Chief Financial Officer of Tata AIA Life Insurance, said, "At Tata AIA, we are driven by our core value of consumer obsession. Our endeavour is to partner our consumers in their financial well-being and this bonus announcement is a demonstration of our commitment to our policyholders in this regard."

The total assets under management (AUM) as of March 31, 2023, was Rs 71,006 crore. For the same period, 99.10 percent of the rated AUM of Tata AIA Life were rated either 4-star or 5-star on a five-year basis, according to the international rating agency Morningstar. Out of the 11 funds available for new business, seven were rated 5-star, and four were rated 4-star on a five-year basis.