ICICI Prudential Life Insurance declared its highest-ever annual bonus of Rs 867 crore for the policyholders in FY21. Bonus is the share of profits generated by the company’s participating policyholder’s funds.
N S Kannan, MD and 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.”
The stringent investment philosophy of the company has ensured zero defaults in its portfolio since inception and across market cycles. As of March 31, 2021, 96.8 per cent of the fixed income portfolio is invested in sovereign or AAA-rated paper.
