ICICI Prudential Life Launches iProtect Smart

ICICI Prudential Life Insurance Company Limited, launched ICICI Pru iProtect Smart – a product that combines the advantages of life, health and accident insurance.

It provides cover against death, critical and terminal illness, accidental death and disability due to accident, said a press release issued by the company.

ICICI Prudential Life Insurance Logo

Puneet Nanda, executive director, ICICI Prudential Life said: “Customers now have to buy a separate life, accidental death and critical illness covers. iProtect Smart is a product that addresses all these needs at an affordable price. It combines the advantages of life and health insurance and is not just a typical term product.”

Customers can also increase their coverage in different stages of their lives, for example, marriage, birth of a child, etc. The premium for critical illness coverage is guaranteed to remain the same throughout the term of the policy. There is also the opportunity to take death benefit as monthly income over 10 years, added the release.

The monthly premium for a non-smoker 30-year-old man, a 30-year policy is Rs 1,110 death cover of Rs 50 lakh plus accidental death coverage of the RS 50 lakh plus critical illness cover of Rs 10 lakh.

In case of death by accident, the compensation is doubled, that is, Rs 1 crore. If the policyholder uses illness cover of critical favor of death reduced to such an extent. In the event of disability due to accident, the future premiums are waived off.

Originally posted 2016-03-19 12:21:13.


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