ICICI Prudential Life Insurance, the life insurance arm of ICICI Bank, on Monday announced an annual bonus of Rs 968.8 crore for the financial year 2022 to all eligible policyholders. This will be the sixteenth consecutive year of bonus, which will be passed on to its policyholders. According to the information of the company, this will be the highest bonus of the company so far. Apart from this, it will be 12% more than the bonus of FY 2021.
Who will get the benefit of annual bonus
The company will give this bonus to all policyholders who are participants till March 31, 2022, but after that this bonus will not be paid to the policy holders. Also, ICICI will add this payment to the benefits of the policyholders.
About 10 lakh people will get financial assistance
In a statement, ICICI Prudential said that around one million participating policyholders will benefit from it. Along with this, there will be financial help for these people, so that they will be able to meet their needs.
Highest bonus ever
NS Kannan, Director and CEO, ICICI Prudential Life Insurance, said, “It is our pleasure to announce an annual bonus of ₹968.8 crore for this financial year, the highest amount announced since the inception of the company. Also, 12% higher than the previous session. He added that customers invest money in ICICI to meet their long-term financial goals, so that they can get more money from time to time. This bonus will enable the policyholders to meet their financial goals.
capital guarantee
The company said customers are given both capital guarantee and growth in the form of declared bonus. It also gives financial security to the family through life insurance. Along with market link facilities, it also gives a strong fund to the clients. The CEO of the company said that the annual bonus fulfills the promises of higher fund issuance made by the policy holders to the people, which meet the safety and long-term savings requirements of the customers.
fall in shares
On the other hand, its shares have seen a fall on Monday. Shares of ICICI Prudential have registered a decline of 1.4% on the BSE. After this the price per share of the company has gone up to Rs 501.30.