ICICI: Good news for women. ICICI Prudential Life Insurance has introduced a specialized insurance plan for women named “ICICI Pru iProtect Smart Her.” This insurance scheme is tailored to cater to the evolving financial requirements and health concerns of women. It includes a 15% lifelong premium reduction and a unique pregnancy break benefit.
Key Features of the Plan
– Increasing income payout option for children’s education: The plan provides a growing income payout for children’s education. The nominee receives the death benefit as increasing annual income over ten years.
– Specialized health management services for women: The plan offers specific health management services for women to meet their healthcare needs effectively.
Vikas Gupta, Chief Product Officer at ICICI Prudential Life, emphasized the importance of addressing the diverse financial planning needs of Indian women at various life stages. The ICICI Pru iProtect Smart Her plan aims to offer comprehensive protection to women while also focusing on their healthcare and wellness requirements.
Healthcare Benefits
– Health Management Services: Women enrolled in this plan will benefit from teleconsultations across various medical fields, yearly health check-ups, health risk evaluations, wellness resources, and discounts on pharmacy and diagnostic services. The plan provides benefits valued at Rs 92,100.
Digital Sales and Claim Settlement
– Digital Accessibility: The company will utilize its digital capabilities to ensure easy access for customers to purchase the plan.
– Seamless Claims Process: ICICI Prudential Life will offer a smooth claims process, with a strong emphasis on efficient claim settlement. The company achieved a high settlement ratio of 99.3% in the first quarter of FY27.
The company’s goal is to enhance the digital experience for female customers. The customer portal allows for easy policy purchase and claim filing, ensuring a smoother and quicker process for customers. The main aim of this insurance plan is to promote awareness of women’s health. It offers a range of benefits tailored specifically for women’s health needs, providing both peace of mind and financial support.
Competitive pricing
The new insurance plan from ICICI Prudential is priced very reasonably, making it accessible to women of various financial backgrounds. This affordability opens up the plan to women from all walks of life, hinting at its potential for widespread popularity.