 "ICICI Prudential Life")
Private sector life insurer ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore, up 10 per cent from last financial year, for all eligible participating policyholders for FY21, the highest ever bonus declared by the insurer.
“All participating policies in force as of March 31, 2021, are eligible to receive this bonus and will be added to the policyholders’ benefits,” the company said in a release.
Bonus is the share of profits generated by the company's participating policyholder's funds which are added to their guaranteed maturity benefits, thus enhancing the corpus.
Around 980,000 participating holders are
