ICICI Prudential Life Insurance has announced an annual bonus of Rs 867-crore for all eligible participating policyholders for FY2021. The bonus declared is the highest ever by the Company till date and is also 10% higher than the bonus announced in the last fiscal.
All participating policies in-force as of March 31, 2021 are eligible to receive this bonus. A total of 9.8-lakh participating policyholders will benefit from this. This is the 15th consecutive year the Company has declared a bonus, underscoring its customer-centricity and long-term investment approach to deliver superior risk-adjusted returns to policyholders.
Mr. N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said, “We are delighted to announce that the annual bonus for FY2021 is the highest ever in the history of the Company. What gives us special satisfaction is the fact that it coincides with the 20th anniversary of our operations.”
