ICICI Prudential Life Insurance has launched ICICI Pru iProtect Smart Her, a term insurance product specifically designed for women. According to reports from Mint, the plan combines life protection with women-focused health and wellness features to address changing financial and healthcare needs across different stages of a woman's life. The product offers additional flexibility through premium payment features and comprehensive benefits tailored to women's requirements.
The policy includes several significant financial advantages for women policyholders. As reported by Mint, the plan offers a 15% lifetime discount on premiums specifically for women, along with a pregnancy break benefit that provides greater flexibility with premium payments during pregnancy. The Child Education Care option allows the death benefit to be paid as a stream of income instead of a lump sum, with the annual payout increasing by 10% each year for 10 years to provide continuing financial support for a child's education.
The product provides access to comprehensive healthcare-related services valued at up to ₹92,100 according to the company. According to Mint, these include teleconsultations across multiple medical specialties, annual health check-ups, health risk assessments, wellness information, and discounts on pharmacy and diagnostic services. Women-specific health management and wellness services are valued at up to ₹25,000, offering policyholders tailored healthcare support throughout their lives.
Vikas Gupta, Chief Product Officer at ICICI Prudential Life Insurance, emphasized the product's comprehensive approach to women's financial needs. As reported by Mint, Gupta stated that the plan combines life insurance with meaningful health management services and greater flexibility through features such as the pregnancy break benefit and lifetime premium discount. The product brings together a range of benefits intended to support women during important stages of their lives, addressing both financial future security and overall wellbeing. For buyers, it's crucial to evaluate the actual life cover, premium, policy term, exclusions and conditions attached to these additional benefits before purchasing the plan.
