Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.