An annual bonus of Rs 867-crore has been announced by ICICI Prudential Life Insurance 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.
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. 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.
“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”, said Mr. N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance.