Mumbai, India – June 25, 2024 – ICICI Prudential Life Insurance has introduced a compelling offer on its iProtect Smart term insurance plan, granting a lifetime 15% discount to women on all premiums. Furthermore, salaried women can avail an additional 15% discount on the first year’s premium, making financial security more attainable.
The iProtect Smart plan includes coverage for 34 critical illnesses such as breast, ovarian, uterine, and cervical cancers, combining health and life insurance benefits. This ensures that the critical illness cover amount is disbursed upon diagnosis, allowing for immediate medical treatment without affecting family savings.”The sacrifices women make as caregivers and guardians deserve recognition,” stated Mr. Amit Palta, Chief Distribution Officer at ICICI Prudential Life Insurance. “Our goal is to empower women by offering these discounts and providing financial security.”The Lancet estimates highlight a higher cancer incidence in women under 50, with urban hospitalisation costs often exceeding Rs. 1 lakh. This initiative emphasizes the need for women to plan for financial resources to manage such ailments.
ICICI Prudential Life’s commitment to customer satisfaction is evident in its industry-leading claim settlement ratio of 99.17% for FY2024. For instance, a 30-year-old salaried woman can secure a Rs. 1 crore life cover for 30 years at a monthly premium of Rs. 546, saving Rs. 34,920 over the policy term.
