ICICI MF to introduce SIP Insure facility in selected funds

SIP Insure is an optional feature in addition to the Systematic Investment Plan(SIP). A Group Life Insurance Cover shall be provided under this facility by a life insurance company. The premium for providing such cover shall be borne by ICICI Prudential AMC. The minimum installment will be Rs 1000/- for all schemes except ICICI Prudential Tax Plan for which the minimum amount is Rs 500/- . Maximum Age upto which SIP Insure is available: 55 Years

Following is the list of schemes where the SIP Insure facility will be applicable:

ICICI Prudential Infrastructure Fund, ICICI Prudential Dynamic Plan, ICICI Prudential Focused Bluechip Equity Fund, ICICI Prudential Tax Plan, ICICI Prudential Discovery Fund,  ICICI Prudential MidCap Fund, ICICI Prudential Top 100 Fund, ICICI Prudential Top 200 Fund, ICICI Prudential FMCG Fund,  ICICI Prudential Balanced Fund, ICICI Prudential Technology Fund, ICICI Prudential Services Industries Fund, ICICI Prudential Equity & Derivatives Fund - Volatility Advantage Plan, ICICI Prudential Indo Asia Equity Fund, ICICI Prudential Banking & Financial Services Fund, ICICI Prudential Child Care Plan - Gift Plan