ICICI Prudential Life Insurance has announced a lifetime discount of 15% on its best-selling term insurance product, iProtect Smart, exclusively for women. Additionally, salaried women can avail an extra 15% discount on the first year’s premium, making life insurance more affordable and accessible.
iProtect Smart, when combined with the critical illness benefit, covers 34 critical illnesses, including breast, ovarian, uterine, and cervical cancers. This comprehensive plan provides financial support upon diagnosis, ensuring immediate medical treatment without straining the family’s savings.”The sacrifices women make as caregivers and guardians deserve recognition,” said Mr. Amit Palta, Chief Distribution Officer of ICICI Prudential Life Insurance. “By offering these discounts, we aim to empower women to secure their financial future and that of their loved ones.”The importance of such coverage is underscored by The Lancet’s estimates, which highlight a higher incidence of cancer in women under 50. With hospitalisation costs often exceeding Rs. 1 lakh in urban areas, financial preparedness is crucial.
ICICI Prudential Life’s commitment to delivering on its promises is reflected 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 just Rs. 546 after discounts, saving Rs. 34,920 over the policy term.
