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Mumbai, Aug. 22 ICICI Prudential Life Insurance will soon be launching LifeStage RP, which offers age-based portfolio management and quarterly rebalancing.

The risk appetite of individuals changes with age and as the policyholder moves from one age band to another, ICICI Prudential Life will re-distribute their funds in asset classes such as equity and debt, said a press release.

Policyholders’ fund allocations may also change because of the market movements. ICICI Prudential will visit their allocations every quarter and reset it to prescribed limits so that policyholders can take advantage of the market movements and maximise wealth creation.

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