diff --git a/charts/opensearch/CHANGELOG.md b/charts/opensearch/CHANGELOG.md
index fa03add4..819d6f68 100644
--- a/charts/opensearch/CHANGELOG.md
+++ b/charts/opensearch/CHANGELOG.md
@@ -14,6 +14,15 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Fixed
 ### Security
 ---
+## [1.31.3]
+### Added
+### Changed
+### Deprecated
+### Removed
+### Fixed
+- Fix `image.pullPolicy` not being respected by `persistence` init container
+### Security
+---
 ## [1.31.2]
 ### Added
 - Allow user-defined labels on persistent volume claim
diff --git a/charts/opensearch/Chart.yaml b/charts/opensearch/Chart.yaml
index 22080072..f002e2f2 100644
--- a/charts/opensearch/Chart.yaml
+++ b/charts/opensearch/Chart.yaml
@@ -15,7 +15,7 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 1.31.2
+version: 1.31.3
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
diff --git a/charts/opensearch/templates/statefulset.yaml b/charts/opensearch/templates/statefulset.yaml
index daf96478..5417f54a 100644
--- a/charts/opensearch/templates/statefulset.yaml
+++ b/charts/opensearch/templates/statefulset.yaml
@@ -237,6 +237,7 @@ spec:
 {{- if and .Values.persistence.enabled .Values.persistence.enableInitChown }}
       - name: fsgroup-volume
         image: "{{ template "opensearch.dockerRegistry" . }}{{ .Values.persistence.image | default "busybox" }}:{{ .Values.persistence.imageTag | default "latest" }}"
+        imagePullPolicy: "{{ .Values.image.pullPolicy }}"
         command: ['sh', '-c']
         args:
           - 'chown -R 1000:1000 /usr/share/opensearch/data'