Business

ICICI Prudential announces record annual bonus for policyholders

Shillong, June 27: ICICI Prudential Life Insurance has declared an annual bonus of Rs 968.8 crore for FY2022 to all eligible policyholders.

This is the 16th consecutive year of bonus payment and also the highest ever by the company till date, exceeding the FY2021 bonus by 12%.

All participating policies in-force as of March 31, 2022, are eligible to receive this annual bonus, which will be added to the policyholders’ benefits. Almost a million participating policyholders will benefit from this, taking them closer to achieving their long-term financial goals.

The range of innovative participating products offered by ICICI Prudential Life Insurance provide customers both comfort of capital guarantee and growth in the form of declared bonuses.

NS Kannan, MD & CEO, ICICI Prudential Life Insurance, said, “The COVID-19 pandemic was characterised by business disruptions and volatility but our long-term fund management philosophy and stringent investment and risk management policies have ensured zero non-performing assets since inception and across market cycles.”

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