ICICI Prudential Life Insurance has launched ‘ICICI Pru Protect N Gain’, a comprehensive life insurance product that offers financial security to families, protection against accidental death and permanent disability due to an accident, and market-linked returns to build long-term wealth and achieve financial goals. The product provides up to 100 times the annual premium and offers 18 funds options spread across equity and debt. It offers customers the perfect blend of protection and long-term savings to achieve their financial goals.
Speaking about the launch Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We are delighted to launch ICICI Pru Protect N Gain, a unique product which offers customers a life cover up to 100 times the annual premium which safeguards the financial savings goal of customers in case of any eventuality.”
The policy can be issued based on declared income, and customers under 45 are not required to undergo physical medical tests. The life cover or claim amount will be paid out as a lump sum to the beneficiary/nominee in case of the policyholder’s death or permanent disability due to an accident, ensuring the family is not financially vulnerable. The company has simplified the buying process, allowing policies to be issued based on declared income.
