ICICI Prudential Life Insurance launched a debt fund, which will enable customers to lock-in their investments at current high interest rates, build long-term wealth and achieve financial goals.The prevailing interest rate regime provides customers with an excellent opportunity to invest in the ICICI Pru Constant Maturity Fund, the first such fund in the life insurance market.
This is due to the inverse relationship between prices of debt instruments and interest rates, which increases when interest rates fall, benefiting customers who have invested in these instruments. ICICI Pru Constant Maturity Fund is available with Unit Linked Insurance Plans (ULIPs) from May 15, 2023, providing customers with life cover, financial security, and tax benefits.
Annual investments of up to 2.5 lac and with a life cover of 10 times the annual premium are tax-free. Customers can invest in ICICI Pru Constant Maturity Fund to lock-in their investments at high interest rates and benefit from rising bond prices. Mr. Srinivas Balasubramanian, Head of Products, ICICI Prudential Life Insurance said, “Customers trust us due to our track record of delivering on promises made for over two decades.”
