ICICI Prudential Life Insurance launches new debt fund for long term wealth

With interest rates nearing their peak, any drop in interest rates makes debt instruments attractive as an investment option for customers. This is because of the inverse relationship between the prices of debt instruments and interest rates – when interest rates fall, their prices rise, benefiting customers who have invested in these instruments. ICICI Prudential Life insurance said.

The fund is available for investment in the company’s flagship Unit Linked Insurance Plan (ULIP). ULIPs provide life cover to the customers, financial security to the family and wealth creation over a long period of time.

Investing in ULIPs provide tax benefits. Annual investment made till With a life cover of 2.5 lakhs and 10 times the annualized premium, the maturity proceeds are tax-free for the subscribers.

Customers have the option of investing in this fund through the company’s ULIP offerings such as ICICI Pru Signature, ICICI Pru Smart Life and ICICI Pru Lifetime Classic. ,

“With the interest rate cycle nearing its peak, this is a great opportunity for customers to channelize investments in ICICI Pru Constant Maturity Fund. We encourage investors to pool part of their savings in ULIP Debt Funds for capital preservation and long-term wealth Recommend sharing, said Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance.

By investing in this fund, customers will be able to lock-in their investments at the higher prevailing interest rates and benefit from the rising NAV of the fund as the bond prices are expected to increase over time.

“Customers need to invest for the long term and make regular contributions to achieve their financial goals such as buying a dream home or living a financially independent retired life. With a lock in of at least 5 years. Among the fund options, this will enable investors to create wealth. All our debt funds have outperformed their respective benchmarks since inception. Importantly, we have diversified our portfolio across market cycles has a track record of zero non-performing assets (NPAs),” Srinivasan said.

“ICICI Pru Constant Maturity Fund will be available with our linked savings products. “Customers can invest their premium in this fund to avail higher interest rates and lock in their investment for a longer period,” said Srinivas Balasubramanian, head of products, ICICI Prudential Life Insurance.

“Apart from steady and stable returns, it offers customers a life cover that financially secures their loved ones. Customers have trusted us because of our track record of delivering on promises made for over two decades trusted.”