HT Bureau
GUWAHATI, July 27: ICICI Prudential Life Insurance has introduced ICICI Pru Protect N Gain, an innovative product that combines comprehensive life insurance coverage, protection against accidental death and permanent disability, and market-linked returns to help customers build long-term wealth and achieve their financial goals.
This new offering provides a life insurance cover of up to 100 times the annual premium, allowing customers to maximize their returns by selecting from 18 fund options across equity and debt. By striking a balance between protection and long-term savings, the product ensures complete financial security for the family during the policy tenure and offers a substantial lump sum to the policyholder on survival.
One of the notable features of this product is the simplified buying process, where policies can be issued based on declared income. Customers under the age of 45 are not required to undergo physical medical tests, making the process hassle-free and quick.
In the event of the policyholder’s demise or permanent disability due to an accident, the life cover or claim amount is paid out as a lump sum to the beneficiary/nominee, ensuring that the family is financially safeguarded.
Amit Palta, chief distribution officer at ICICI Prudential Life Insurance, expressed his delight in launching ICICI Pru Protect N Gain, which offers customers a life cover of up to 100 times the annual premium, securing their financial savings in case of unforeseen events. He highlighted the product’s market-linked returns, which can potentially provide customers with a significant lump sum at the end of the policy tenure.
Palta emphasized the importance of long-term investments and the flexibility to choose equity and debt exposure based on market conditions when planning for financial goals such as a child’s education or retirement savings. He believes that ICICI Pru Protect N Gain, with its dual benefits of protection and wealth creation, meets the fundamental needs of customers.
As a ‘Customer First’ brand, ICICI Prudential Life Insurance has streamlined the purchase process to offer a seamless and efficient buying experience for customers. Leveraging technology, the company ensures speedy settlement of genuine death claims, with an average time of 1.2 days after receiving all documents for FY2023.
Palta highlighted that every earning individual with dependents should have sufficient life insurance cover, and ICICI Pru Protect N Gain is a step towards empowering individuals across all segments of society with financial security. This initiative aligns with the company’s vision to be an enduring institution that caters to the protection and long-term saving needs of customers with care and sensitivity.
