Kotak and Bajaj Allianz Announce Bonuses for Policyholders

Imagine insurance companies like Kotak Life and Bajaj Allianz made some money.

They share some of that money with people who have certain insurance plans, like a reward.

Kotak Life is giving away ₹1,178 crore to over 700,000 people, and it's the 24th year they've done this.

This year's bonus is a bit bigger than last year's.

Bajaj Allianz is also sharing profits, giving out a big bonus of ₹1,833 crore to over 1.17 million people.

Some of these people will also receive an extra bonus.

These bonuses are for people with special insurance plans where they get to share in the company's profits.