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Private sector ICICI Prudential Life Insurance has announced a bonus of Rs 788 crore for its bouquet of participating products. “All participating policies in force as of March 31are 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 FY20 is 15 per cent higher than FY19 and will benefit nearly nine lakh policy holders.
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