New Delhi: ICICI Prudential Life Insurance on Monday declared its highest annual bonus ever of 867 million for policyholders for FY21.
The bonus so far declared by the company so far is the highest to date and is also 10 per cent higher than the bonus announced in the last financial year.
Bonus is the share in the profits generated by the company’s participating funds from the policyholder, which is added to their guaranteed term benefits and thus improves the corpus.
All participating policies in effect on March 31, 2021 will be eligible to receive this bonus and will be added to the benefits of the policyholders, the insurer said.
A total of 9.8 participating policyholders will benefit from this and take them closer to their long-term financial goals.
ICICI Prudential Life said this is the 15th consecutive year that the company has declared a bonus.
Source: Telangana Today