ICICI launches 2 new products for investors

Mumbai, Aug 24 (UNI) ICICI Prudential Life Insurance today launched two new products aimed at offering greater security to investors and retirees alike.

One product named ''InvestShield Life - New'' is a unique premium guarantee market-linked plan which ensures that an investor will only get the benefits of the upsides of the market, without incurring any loss if the markets go down, while the other titled ''Immediate Annuity'' is an immediate annuity product that offers a guaranteed income for life, for retired people above 45 years of age, says the company's press release.

At it's launch, the Executive Director of ICICI Prudential Life Insurance Mr. N. S. Kannan said, ''The majority of Indian investors prefer to save through traditional instruments as they do not want to risk their hard-earned monies by investing in the stock markets. However, many of them have seen their friends and colleagues earn good returns by investing in the markets and are looking for a low-risk opportunity to do so themselves. The premium guarantee product is the ideal market entry product for such traditional investors, who do not wish to risk their capital while investing in the markets''.

Both the products are available for retail customers through ICICI Prudential's vast distribution network across the country. Customer touch points include over 83,000 advisors, 177 branches, its 19 bank partners and 200 corporate agents.

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