Ageas Federal Life declares highest-ever total bonus of Rs 134 crore in FY24

Ageas Federal Life Insurance has announced its highest-ever total bonus of Rs 134.44 crore during the annual valuations for the fiscal year 2023-24. This significant milestone marks the 10th consecutive year of bonus declarations by the company, reflecting a notable 53% increase compared to the previous fiscal year’s total bonus of Rs 87.86 crore. Out of this total bonus Rs 134.44 crore, Rs 25.88 crore will be distributed to eligible policyholders in the form of cash bonuses and maturity bonuses respectively , with the remaining amount to be paid out upon policy maturity, surrender, or early death in FY23-24.