Friday, Apr 19 2024 | Time 12:06 Hrs(IST)
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Business Economy


ICICI Pru Precious Life offers to cover persons with health conditions

New Delhi, Nov 13 (UNI) ICICI Prudential Life Insurance on Wednesday launched ICICI Pru Precious Life, the industry’s first term plan specifically designed for customers who find it difficult to get access to life cover due to existing health conditions.
"ICICI Pru Precious Life is an innovative term insurance plan that offers appropriate life cover to customers by factoring in the nuances of various health conditions. This product provides a route to customers with existing health conditions to ensure their families have the necessary financial resources to continue with their lives in their absence," according to a statement.
The product provides flexibility to customers to pay premium once or regularly during the tenure of the policy. Customers can also choose as to how their family receives the claim amount, be it as a lump sum or regular monthly income or a combination of the two.
"ICICI Pru Precious Life is an innovative product that has been specifically designed to cater to this need-gap.By offering them an appropriate life cover, we help our customers to provide financial security to their families.We believe such innovative products coupled with simple processes are key to increasing life insurance penetration in the country,” said ICICI Prudential Life Insurance Deputy Managing Director Puneet Nanda in a statement.
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