Money & Banking

ICICI Pru Life declares ₹788-crore bonus

Our Bureau Mumbai | Updated on June 18, 2020 Published on June 18, 2020

Private sector ICICI Prudential Life Insurance on Thursday announced a bonus of ₹788 crore for its bouquet of participating products.

“All participating policies in force as of March 31, 2020, are eligible to receive this bonus, which will be added to their guaranteed maturity or death benefit,” it said in a statement, adding that this is the 14th consecutive year it has declared a bonus.

The bonus declared for 2019-20 is 15 per cent higher than 2018-19, and will benefit nearly nine lakh policy-holders, it added.

A bonus is the share of profits generated by the company’s participating policy-holder’s funds.

Published on June 18, 2020
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