ICICI Pru iProtect Smart introduces ‘Life Continuity’ option for monthly income security
critical illness benefit, covering 34 conditions like cancer, kidney failure, leukaemia, Parkinson’s disease, and more. This benefit ensures that policyholders receive a payout upon diagnosis, providing crucial financial support for medical treatment.Critical illnesses often lead to substantial financial burdens, including costly treatments, medications, and potential loss of income.
iProtect Smart’s coverage for 34 critical illnesses at a reasonable additional premium makes it a cost-effective method to secure financial protection. The payout upon diagnosis can help with treatment expenses, relieving the insured person and their family of financial burden.Before purchasing a term insurance plan, individuals should prioritize checking two critical factors: the claim settlement ratio and the average claim settlement time.
In FY2024, ICICI Prudential Life boasted an impressive claim settlement ratio (non-investigated) of 99.17% and an average settlement time of only 1.27 days. Taking on the responsibility for one's family involves committing to secure and protect their future.
According to many financial experts, term insurance forms the cornerstone of responsible financial planning. Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
