N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said: “We are delighted to announce that the annual bonus for FY2021 is the highest ever in the history of the company.”
“What drives us in this challenging environment is the commitment to our vision of building an enduring institution that serves the protection and long-term saving needs of our customers with sensitivity,” he added.
Shares of ICICI Prudential Life Insurance were trading up by 1 per cent at Rs 582.60 at the time of writing this report. BSE Sensex was up by 155.6 points or 0.30 per cent at 52,255.66 at the same time.
According to the statement given by the company, a total of 9.8 lakh participating policyholders will benefit from this announcement.
The stringent investment philosophy of the company has ensured zero defaults in its portfolio since inception and across market cycles. As of March 31, 2021, 96.8 per cent of the fixed income portfolio is invested in sovereign or AAA rated paper.
Incorporated in 2001, ICICI Prudential Life is promoted by Limited and Prudential Corporation Holdings Limited. The company had an Asset Under Management (AUM) over Rs 2.14 lakh crore and a total sum assured of Rs 20.30 lakh crore as of March 31, 2021.
