Tata AIA Life Insurance Co. Ltd. has announced a groundbreaking bonus payout of INR 1,465 crores for Participating (PAR) policyholders in FY24, marking a substantial 24% increase from the previous fiscal year’s INR 1,183 crores. This achievement solidifies Tata AIA’s position as a leader in the insurance sector, driven by robust investment management and stringent risk practices.
The company’s exceptional performance is bolstered by industry-leading persistency ratios, ranking #1 across key metrics like the 13th Month (89.40%), 25th Month (80.70%), 37th Month (75.00%), and 49th Month (73.10%). These ratios highlight Tata AIA’s unwavering customer trust and loyalty. Kshitij Sharma, Executive Vice President and Appointed Actuary at Tata AIA, emphasized the company’s commitment to rewarding policyholders and delivering superior returns. He cited products like the Tata AIA Smart Value Income Plan, which provides early cash bonuses and options for wealth accumulation, as key drivers of customer satisfaction.
With assets under management doubling to INR 1 lakh crores in less than three years, Tata AIA’s investment portfolio maintains a stellar reputation, with 91% of rated assets achieving 4-star or 5-star ratings by Morningstar. This achievement underscores Tata AIA’s dedication to excellence and innovation in the insurance industry, ensuring customers can secure their financial futures with confidence.
