Key Points
Kotak Mahindra Life Insurance announced a bonus of Rs 840 crore to more than 6.5 lakh participating policyholders for the last financial year ended Mar. 31, 2023...
Kotak Life's bonus for fiscal 2023 is 24% higher than what was paid for FY22 and marks 22nd consecutive year of bonus payment to policyholders...
Cash bonuses or special one-off bonuses will also be paid out on specific policy events as per policy conditions, the insurer said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..
You might be interested in
Paytm targeting free cash flow by year-end: CEO Vijay Shekhar Sharma
23, Jul, 23Cash reserves at June end slightly gained on quarter; with improving earnings profile the company hopes to generate free cash flow.
Oriental Insurance, National Insurance, United India Insurance may get capital infusion in Q4
22, Oct, 23The capital infusion would be based on the financial performance of the three general insurers in nine months, a report says
LIC total premium rises by 17% this fiscal, reaches ₹2.32 lakh crore
24, Apr, 23The data from LIC indicated that the private insurers have collected a considerable amount of premium in March due to last-minute customer rush
Zurich to buy 51% in Kotak gen insurance for ₹4,051 cr
03, Nov, 23Zurich Insurance is set to enter the Indian market by acquiring a majority stake in Kotak Mahindra General Insurance for ₹4,051 crore ($546 million), the largest investment by a global insurer in an Indian non-life insurer.
Pvt life comapnies see 35% surge in March premiums at ₹23, 365 crore
22, Apr, 23India Business News: MUMBAI: Private life insurance companies saw a sharp jump in their premium incomes in March 2023 ahead of the tax breaks on high-value policies coming.
With $503 bn in reserves, LIC becomes world's fourth-largest insurer
07, Dec, 23The LIC is only behind Germany's Allianz SE, China's China Life Insurance (CLI), and Japan's Nippon Life Insurance, according to a new ranking by capital market company S&P Global.
Shriram Life Insurance posts Rs 156 cr net profit in FY22-23
14, May, 23Shriram Life Insurance Company Ltd has reported Rs 156 crore net profit for the year ending March 31, 2023 on the back of growth in individual non-single premiums, the company said on Sunday.
Shapoorji Pallonji Group’s flagship firm, Afcons Infrastructure, files DRHP to raise Rs 7,000 crore via IP
29, Mar, 24According to the draft papers, the IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of shares of Rs 1,250 crore and an offer for sale of up to Rs 5,750 crore by Goswami Infratech Private Limited.
Zurich Insurance to buy 51% in Kotak company for ₹4,051 crore
03, Nov, 23Business News: Zurich Insurance Group is set to acquire a 51% stake in Kotak Mahindra General Insurance for Rs 4,051 crore ($487 million), valuing the company at aro
Bajaj Allianz Life declares bonus worth Rs 1,201 crore in FY23
26, Apr, 23Bajaj Allianz Life has declared a bonus of Rs 1,201 crore for the financial year 2022-23, marking the 22nd consecutive year of bonus payment to eligible and participating policyholders. This bonus includes a regular reversionary bonus of Rs 872 crore and a terminal and cash bonus of Rs 329 crore. Out of its 3.5 million policyholders, 11.43 lakh participating policyholders will benefit from the announcement.