ICICI Prudential Life Insurance has enhanced its popular term insurance plan, ICICI Pru iProtect Smart, with a groundbreaking feature called ‘Life Continuity’. This new option ensures that families can receive the claim amount as a monthly income, providing crucial financial stability during challenging times.The ‘Life Continuity’ feature addresses a critical need among Indian families, offering a structured approach to managing lump sum insurance payouts. It enables beneficiaries to sustain their financial commitments and maintain their quality of life without sudden financial burdens.
In addition to the ‘Life Continuity’ option, ICICI Pru iProtect Smart includes a comprehensive critical illness benefit. This add-on covers 34 major illnesses including cancer, kidney failure, and Parkinson’s disease, providing financial support upon diagnosis to meet expensive medical treatment costs.ICICI Prudential Life’s commitment to customer satisfaction is underscored by its impressive claim settlement record. In the fiscal year 2024, the company achieved a non-investigated claim settlement ratio of 99.17% and an average settlement time of just 1.27 days. These statistics highlight ICICI Prudential Life’s reliability in delivering timely and hassle-free claims processing.
For individuals considering term insurance, experts emphasize the importance of choosing a plan that not only offers adequate coverage but also supports long-term financial planning goals. ICICI Pru iProtect Smart stands out as a cornerstone of responsible financial planning, providing peace of mind and security for families across India.The innovative features of ICICI Pru iProtect Smart are set to resonate well in Agartala’s insurance market, offering local families robust solutions to safeguard their financial futures effectively.
