ICICI Prudential Life Insurance has offered a 15% lifetime discount exclusively for women on all premiums for its popular 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.”
As per The Lancet estimates, the incidence of cancer diagnosed in the under 50 years adult age group had a higher ratio of women.A single hospitalisation can cost upwards of Rs. 1 lakh in an urban private hospital, hence, it is essential for women to plan availability of financial resources to treat such critical ailments.
