Tata AIA Life Insurance has declared Rs 861 crore in annual excess transfer to participants policyholders For FY 22. The company said this is the fifth consecutive year of surplus (profit sharing) payments to policyholders and 20 per cent more than the profit shared with policyholders in FY2011, making it the largest ever.

All participating policies in force till March 31, 2022 are eligible to receive this annual payment, it said in a statement on Tuesday.

The declared profit will be added to the benefits of the policyholders, Samit UpadhyayThe company’s chief financial officer said.

He added that the company’s individual weighted new business premium income It increased to Rs 4,455 crore in FY 2012, a 30 per cent increase from Rs 3,416 crore in FY 2011.