Standard Life is maintaining with-profits life and pension payouts at last year's levels and it will not make cuts on reversionary bonuses.
On a 10-year with-profits endowment policy, the maturity payout will be £10,596 compared with £10,544 last year.
On a 25-year term, the payout is slightly lower at £110,136 compared with £110,373 last year.
The figures are based on a male aged 30 paying £50 a month.
Annual returns on life policies are 11 per cent over 10 years and 13.6 per cent over 25 years. Annual returns on pension policies are 12.4 per cent over 10 years and 16.5 per cent over 25 years.
Reversionary bonuses on endowment policies and whole-of-life policies will remain at 2.25 per cent on the sum assured and 3.5 per cent on accrued bonuses.
On individual pension policies, bonuses remain at 3 per cent on the sum assured and on accrued bonuses.
Standard Life says more than £1.7bn in bonuses will be added to existing and maturing policies.
Group finance director Iain Lumsden says: “During last year, we achieved a return on our with-profits fund of more than 7 per cent, somewhat lower than in recent years.
“We have been able to use our financial strength to minimise the impact on payouts of this year's relatively low returns.”