24 News Hour-News Matters
24 News Hour-News Matters
  • Home
  • Business
  • Education
  • Entertainment
  • News Update
  • Others
    • Technology
    • Health & Lifestyle
  • Privacy Policy
  1. Home
  2. Business
  3. ICICI Prudential Life Insurance announces record annual bonus of ` 968.8 crore for policy holders
Business

ICICI Prudential Life Insurance announces record annual bonus of ` 968.8 crore for policy holders

Mumbai, June 21, 2022:ICICI Prudential Life Insurance, India’s largest private life insurer in terms of new business sum assured, has declared an annual bonus of `968.8 crore for FY2022 to all eligible participating policyholders. This is the 16thconsecutive 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. It also provides financial security to the family by way of a life cover.

Strong fund management capabilities coupled with robust risk management practices have enabled the Company to consistently reward participating policyholders with a higher bonus than what wasshown in the benefit illustration at the time of purchase.This showcases the efficacy of participating products in enabling customers to achieve their financial goals.

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

The COVID-19 pandemic was characterised bybusiness 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. 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.”

Previous post
Next post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Shree Cement Bestowed with “State-Level Bhamashah Award 2025”
  • This Monsoon season drive worry free with SBI General’s Motor Insurance 
  • JSW PAINTS SIGNS DEFINITIVE AGREEMENTS TO ACQUIRE AKZO NOBEL INDIA, IN A STRATEGIC MOVE TO GROW IN INDIA’S PAINTS INDUSTRY
  • IIM Raipur Signs MoU with Center for Studies on Holistic Development (CSHD) to Advance Research and Regional Development
  • Kalpataru raises Rs 708 cr from marquee anchor investors ahead of IPO
Latest News
Health & Lifestyle

Shree Cement Bestowed with “State-Level Bhamashah Award 2025”

June 30, 2025
Business

This Monsoon season drive worry free with SBI General’s Motor

June 28, 2025
Business

JSW PAINTS SIGNS DEFINITIVE AGREEMENTS TO ACQUIRE AKZO NOBEL INDIA,

June 28, 2025
Education

IIM Raipur Signs MoU with Center for Studies on Holistic

June 28, 2025
Copyright © 2025 Qoxag. All Right Reserved.