ICICI Prudential Life Insurance has rolled out an exclusive offer aimed at enhancing financial security for women across India. The company announced today a significant initiative granting women a lifetime discount of 15% on premiums for their flagship term insurance product, iProtect Smart. In addition, salaried women will enjoy an extra 15% discount on the first year’s premium, reinforcing their ability to safeguard their families’ future.
The iProtect Smart plan includes coverage against 34 critical illnesses, such as breast, ovarian, uterine, and cervical cancers, ensuring comprehensive protection for policyholders. This dual benefit of life and critical illness coverage aims to alleviate financial burdens during health crises, with payouts made upon diagnosis to facilitate immediate medical intervention. Highlighting the importance of this initiative, Mr. Amit Palta, Chief Distribution Officer at ICICI Prudential Life Insurance, emphasized, “Women play pivotal roles as caregivers and financial pillars in their families. Our initiative recognizes their contributions by making life insurance more accessible and affordable.” He further added, “With a rising incidence of critical illnesses among women, financial preparedness is crucial. iProtect Smart not only secures their future but also empowers them to plan ahead.”
The plan’s affordability is underscored by a scenario where a 30-year-old salaried woman can secure a Rs. 1 crore cover for just Rs. 546 per month, post-discounts. Over a 30-year period, this translates to savings of Rs. 34,920, illustrating ICICI Prudential’s commitment to providing value and financial security.With a stellar claim settlement ratio of 99.17% for FY2024 and rapid claim processing times, ICICI Prudential assures customers of reliable service and support in times of need.
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