ICICI Prudential Life Insurance launches new debt fund to achieve financial goals

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.
Mr. Arun Srinivasan, Head of Fixed Income, ICICI Prudential Life Insurance said, "We are excited to launch a unique debt fund which makes us the country's first insurer to offer such a fund in the fixed income ULIP space.
Mr. Srinivas Balasubramanian, Head of Products, ICICI Prudential Life Insurance said, "We are delighted to offer customers the industry’s first-of-its-kind debt fund. The ICICI Pru Constant Maturity Fund will be available with our linked savings products. Customers can invest their premiums in this fund to take advantage of the high interest rates prevailing and lock in their investments for the long-term.
This fund is available for investments with the Company's flagship Unit Linked Insurance Plans (ULIP). ULIPs provide customers with a unique proposition of life cover, financial security to the family and facilitate building wealth over the long-term. ICICI Pru Constant Maturity Fund is available with Unit Linked Products from May 15, 2023. Investments in ULIPs provide tax benefits. If annual investments made are up to ` 2.5 lac and with a life cover of 10 times the annual premium, maturity proceeds are tax-free for customers.
Customers have the option of investing in this fund through the Company’s ULIP offerings like ICICI Pru Signature, ICICI Pru Smart Life and ICICI Pru LifeTime Classic. Customers can reach out to their advisors or visit the Company website www.iciciprulife.com