ICICI Prudential Life Insurance has launched ‘ICICI Pru GIFT Select’, a long-term savings product designed to provide customers with guaranteed immediate income and liquidity, addressing concerns over market volatility.
The product offers flexibility in choosing the start date, duration, and maturity amount of the guaranteed income, along with a life cover for financial security. A key feature is the increasing income option, where payouts rise by 5% per annum, helping customers counter inflation.
Amit Palta, Chief Product and Distribution Officer, ICICI Prudential Life Insurance, stated, “ICICI Pru GIFT Select empowers customers with guaranteed returns, protecting their financial savings from market fluctuations. Given recent economic uncertainties, this product ensures stability while allowing customization based on life goals and cash flow needs.” ICICI Prudential’s claim settlement ratio of 99.3% in 9M-FY2025 and an average settlement time of 1.2 days further reinforce its commitment to financial security and customer trust.
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