11
Sep
ICICI Prudential Life Insurance has reported an impressive 158% growth in its guaranteed savings products segment between FY2020 and FY2023. This substantial surge underscores the growing preference among customers for products that offer guaranteed benefits. The shift in customer preference towards guaranteed benefit products can be attributed to the heightened volatility in stock markets. These products not only ensure the safety of one's capital but also provide consistent returns. This category of financial instruments offers a sense of financial stability and serves as a potential avenue to establish an additional income source. According to Mr. Vinod H, Senior Executive Vice…
