ICICI Prudential Life Insurance announced a lifetime discount of 15% exclusively for women on all the premiums to bepaid, for its best-selling term insurance product, iProtect Smart. Additionally, salaried women will be eligible for an extra 15% discount on the first year’s premium, empowering them to provide financial security to themselves and their loved ones.
iProtect Smart, when combined with the critical illness benefit, offers coverage against 34 critical illnesses, including breast, ovarian, uterine, and cervical cancers. This combination offers benefits of both health and life insurance. Importantly, the critical illness cover amount is paid out on diagnosis, providing the requisite financial resources for seeking immediate medical treatment, without disrupting the family’s savings. Commenting on this announcement, Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We recognise the sacrifices women make as caregivers and guardians to ensure the well-being of their families.”
The Lancet reports a higher cancer incidence among women under 50, with a single hospitalization costing up to Rs. 1 lakh in an urban private hospital, emphasizing the need for women to plan their financial resources for such critical illnesses.
