If you also have an insurance policy of this company, then there is big news for you on bonus. Read what this is.
Kotak Mahindra Life Insurance Company Limited has today announced a bonus of Rs 1007 crore to more than 7 lakh eligible policyholders for the financial year 2023-24.
This is the 23rd consecutive year that Kotak Life has announced bonuses on participating products. The bonus announced by the company is 20 percent of the bonus amount for the financial year 2022-23.
In this context, Maheshbalasubramaniam, Managing Director, Kotak Mahindra Life Insurance Company Limited, said that we are happy to announce increased bonuses for our customers for the 23rd consecutive year.
At Kotak Life, we are dedicated to helping our customers meet their financial goals, needs and create value for their investments. He further said that in line with our brand promise ‘We are…always’, our efforts will always continue for our customers.
It is known that on May 15 itself, HDFC Life had announced the biggest bonus in its history of Rs 3722 crore, which benefited 22.23 lakh policyholders.
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