Max Life announced a "one time" special bonus for its policy
This bonus is to be paid after Feb. 2013 on the policy's
anniversary - the day the policy premium was due.
The bonus would be calculated on a percentage of the annual
premium. 2.6 lakh policy holders would recieve100 per cent of their annual
premium - not accounting for the premium term or policy amount
At this time, when some policy is re-instated and the policy
becomes active, this policy holder would also be eligible for bonus. "We have experienced robust and
profitable growth and wanted to share the result of this improved performance
with our loyal policyholders," said Rajesh Sud, the CEO and Managing
Director of Max Life Insurance.
Suspended policies would not be eligible.