Market volatility nudges customer preference away from ULIPs in Q4FY25

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Market volatility nudges customer preference away from ULIPs in Q4FY25 - Business Standard

Quick Summary:

Amid increased volatility in equity markets, customer preference is likely to have moved away from Unit Linked Insurance Plans (ULIPs) in the last quarter of FY25.

For ICICI Prudential Life Insurance, the share grew to 48 per cent in FY25 from around 36 per cent.

These products have a higher sum assured, good rider choices and a strong nominee proposition, and these now comprise 10-12 per cent of the overall ULIP business of the life insurer.