Tuesday, Aug 9 2022 | Time 17:14 Hrs(IST)
Business Economy

ICICI Prudential announces annual bonus of Rs 968.8 crore for policyholders

New Delhi, June 21 (UNI) ICICI Prudential Life Insurance has declared an annual bonus of Rs 968.8 crore for FY2022 to all eligible participating 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 per cent, a statement from the company said on Tuesday.

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.

N S Kannan, Managing Director and CEO, ICICI Prudential Life Insurance, said, "We are delighted to announce the annual bonus of Rs 968.8 crore for FY2022, the highest ever declared by the Company since inception. Besides, it is 12 per cent higher as compared to FY2021. Customers entrust us with their life’s savings to achieve their long-term financial goals and we believe this bonus will enable our participating policyholders to move a step closer to their financial goals.''

''The annual bonus declaration is a testament to the Company's ability to successfully weather challenges and deliver on the promises made to our participating policyholders. Our vision of building an enduring institution that serves the protection and long-term saving needs of customers with sensitivity continues to guide us. With a strong emphasis on customer-centricity and innovation, we remain well-positioned to face the future with confidence and assist families in achieving their financial goals,” he said.
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