ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund Launched

* To Offer Customers A Value-Plus-Momentum Investment Strategy

* Offers exposure to 50 companies selected from the broad BSE 500 universe through a rules-based investment approach

* Combines attractive valuations with positive price momentum to identify investment opportunities

* Portfolio is reviewed quarterly to systematically respond to changing market valuations and trends

The Company has launched the ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund, a value-plus-momentum investment option that offers customers access to long-term equity opportunities through select unit-linked insurance plans (ULIPs).

Commenting on the launch, Mr. Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance, said, “The BSE 500 Momentum Value 50 Index Fund has been designed to provide customers with access to a disciplined and transparent investment strategy that brings together two important investment factors, value and momentum. While attractive valuations can provide valuation comfort, positive momentum can indicate growing market confidence. Combining these factors enables the strategy to identify companies that demonstrate strength on both parameters, helping investors participate in emerging opportunities while maintaining a focus on valuations.

The strategy follows a systematic approach and is reviewed every quarter, allowing the portfolio to evolve with changing market valuations and trends. We believe this approach can provide customers with a differentiated way to participate in long-term equity growth while maintaining investment discipline.”

The fund provides customers with exposure to a diversified basket of 50 companies selected from the broad BSE 500 universe and will follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. In case a stock cannot be selected due to regulatory guidelines, the subsequent eligible stock(s) will be selected to maintain a cohort of 50 stocks. Its rules-based approach enables the portfolio to be refreshed periodically as market valuations and trends evolve, providing customers with a transparent and systematic investment framework.

Furthermore, the Company’s claim settlement ratio of 99.3% in Q1-FY2027, with an average turnaround time of just 1 day for non-investigated individual claims reflects its commitment to fulfilling the promise made to its customers and their families. At June 30, 2026, the Company had an Asset Under Management of Rs. 3.34 lakh crore and has zero Non-Performing Assets (NPA) since inception, indicating a high quality of the asset book.

The ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund will be available through ICICI Prudential Life’s ULIP offerings such as ICICI Pru SmartKid Assure, ICICI Pru Signature Assure, ICICI Pru Signature Online and ICICI Pru Smart Insurance Plan Plus along with Life Cover, available on www.iciciprulife.com.

About the Company

The Board of Directors recently approved a proposal to rename the Company as ‘ICICI Life Insurance Limited’, subject to relevant approvals. The Company commenced its operations in FY2001 and has consistently been amongst the top life insurance companies in India on sum assured market share and new business premium market share basis.

The Company offers an array of products in the Protection and Savings category which match the different life stage requirements of customers, enabling them to provide a financial safety net to their families as well as achieve their long-term financial goals. The digital platform of the Company provides a paperless buying experience to customers, empowers them to conduct an assortment of self-service transactions, provides a convenient route to make digital payments and facilitates a hassle-free claims settlement process.

The Company operates on the core philosophy of customer-centricity and has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers.

At June 30, 2026, the Company had an AUM of Rs. 3.34 lakh crore and a total in-force sum assured of Rs. 48.06 lakh crore. It is also the first insurance Company in India to be listed on both the National Stock Exchange (NSE) Limited and Bombay Stock Exchange (BSE) Limited.

Disclaimer

Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', ‘expected to,’ etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology, our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. This release does not constitute an offer of securities.