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Allianz Bajaj declares bonus

CHENNAI: The directors of Allianz Bajaj Life Insurance Company, a joint venture between Allianz AG of Germany and Bajaj Auto, has announced the maiden compounded reversionary bonus on the sum assured upto March 2002-03. The board also approved a special bonus for the policyholders. The bonus would be applicable to all regular premium with profits policies in force. The total bonus rate for the main line of regular premium products, endowment, will be a total 2.5 per cent of the sum assured of which 2 per cent will be compounded reversionary bonus and 0.5 per cent will be the special bonus, according to a release. — Our Bureau

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