ICICI Life Launches BSE 500 Momentum Quality 50 Index Fund for Long-Term Wealth Creation

KOCHI: Leading life insurer ICICI Life Insurance has announced the launch of a new equity fund option, the ‘ICICI Life BSE 500 Momentum Quality 50 Index Fund’. Available across most of the company’s Unit-Linked Insurance Plans (ULIPs), the new fund provides policyholders with an opportunity to invest in top-performing companies that demonstrate strong financial fundamentals alongside sustained stock price momentum.

The fund strategically allocates capital into 50 selected companies from the BSE 500 index based on combined momentum and quality parameters, evaluating key factors such as financial health, profitability, and positive price trends. To adapt to evolving market dynamics, the portfolio will undergo rebalancing every three months. Highlighting the fund’s objective, Manish Kumar, Chief Investment Officer, ICICI Life Insurance, stated that the index fund aims to help customers achieve long-term wealth creation by capitalizing on high-quality growth stocks. According to historical data as of September 30, 2026, the underlying index generated a 23.7 percent annualized return over the past seven years, turning an initial investment of ₹1 lakh into ₹4.4 lakh.

Reaffirming its customer commitment, the company noted a robust claim settlement ratio of 99.3 percent for the first half of FY27, taking an average of just 1.1 days for non-investigative claims. The new fund option is available alongside life cover in popular ULIP products including ICICI Life Protect N Gain, Signature Assure, Signature, Platinum, and Wealth Elite Pro. Detailed information is available on the company’s official portal at www.icicilife.com.