Bajaj Allianz policy holders to get bonus

Mumbai: Bajaj Allianz Life Insurance Company Friday announced a one-time special bonus at 1 per cent of the base sum assured, which is payable at the time of claim, for all its policyholders who have participating policies as on March 31, 2018. The one-time bonus is over and above the compounded reversionary Bonus declared for respective participating plans, the company said in a release here. Along with the one-time Special Bonus, Bajaj Allianz Life has also declared the yearly compounded reversionary bonus that is computed on the sum assured and all accumulated bonuses.