ICICI Prudential Life launches ICICI
Pru iProtect Smart
~ Innovative product offering cover
against Death, Critical & Terminal illness, Accident and Disability
benefits ~
ICICI Prudential
Life Insurance Company Limited, has launched ICICI Pru iProtect Smart – a
single product which offers cover against Death, Critical & Terminal
illness, Accidental Death and Disability due to an accident. This first of its
kind product combines the benefits of life, health and accident insurance.
There is no replacement for the loss of
the breadwinner, but the family can be protected financially through an
insurance cover. Indians are prone to health disorders due to the fast paced
and high stress lifestyles. The incidence of lifestyle based ailments are on
the rise. Rising cost of healthcare can severely impact the financial savings
of the family leaving them vulnerable. Additionally, certain ailments can
impact the ability to maintain the same level of income.
Mr. Puneet Nanda, Executive Director,
said “Customers currently have to separately purchase life, accidental death
and critical illness covers. iProtect Smart is a single product that addresses
all these needs at an affordable price. This innovative product combines the
benefits of life and health insurance and is not just a typical term product.”
“Customers have been given the
flexibility to increase their cover at various milestones in their lives for
e.g. marriage, child birth etc. This feature will enable them to provide
adequate protection to their families across different life stages. We are
confident that with this unique product we will bridge, to an extent, the
protection gap that currently exists in the country.” added Mr. Nanda.
|
Benefits
|
Age
|
Policy Term
|
Monthly Premium (*)
(Rs.)
|
|
# Death cover Rs.50 lakhs
+ Accidental Death cover Rs.50 lakhs
+ Critical illness cover Rs.10 lakhs
|
30 years
|
30 years
|
1,110
|
|
35 years
|
1,493
|
||
|
40 years
|
2,126
|
* Premiums for non-smoker male
# Death benefit is inclusive of
Terminal illness and Waiver of Premium in case of disability due to an accident
Summary
- Comprehensive
protection plan offering cover against Death, Critical illness, Accident
and Disability
- Premium
for critical illness cover is guaranteed to remain the same throughout the
term of the policy
- Option
to take death benefit as monthly income over 10 years
- Terminal
illness cover
About ICICI Prudential Life Insurance..!
ICICI Prudential Life Insurance Company
is a joint venture between ICICI Bank, a premier financial powerhouse, and
Prudential plc, a leading international financial services group headquartered
in the United Kingdom.
ICICI Prudential Life was amongst the first private
sector insurance companies to begin operations in December 2000 after receiving
approval from Insurance Regulatory Development Authority (IRDA). ICICI
Prudential Life's capital infused stands at Rs. 48.16 billion (as of March 31,
2015) with ICICI Bank Ltd. and Prudential plc holding 74% and 26% stake
respectively.
For the financial year 2015, the company garnered a total premium
of Rs. 153.07 billion. The company has assets under management of Rs. 1001.83
billion as on March 31, 2015.
To know more about the company, please
visit www.iciciprulife.com
For further information, please
contact:
|
Rajiv Adhikari
ICICI Prudential Life Insurance
Company, Mumbai
Mobile: +91 98201 28688
|
D.G.JAISHANKAR
ADFACTORS PR CHENNAI
94440-36340
94440-36340
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