ICICI Prudential Life, RGA launch insurance coverage product overlaying particular illnesses of ladies

ICICI Prudential Life Insurance coverage has introduced the introduction of ‘ICICI Pru Want’, a well being product catering to ladies’ particular important sicknesses and surgical procedures. 

This product has been developed by the corporate in collaboration with Reinsurance Group of America, Integrated (RGA), a worldwide life and well being reinsurer.

“ICICI Pru Want provides an instantaneous payout of as much as 100% of the well being cowl quantity on analysis of important sicknesses like breast, cervical, uterine cancers and coronary heart illnesses to call a number of,” the insurer mentioned in a press release.

“In contrast to commonplace plans, the place the payouts are within the type of reimbursements, this product provides a set lump sum on analysis, offering flexibility to prospects,” it added. 

Amit Palta, Chief Product and Distribution Officer, ICICI Prudential Life Insurance coverage, mentioned, “This product empowers ladies to be financially ready by providing a lump sum payout to cowl medical exigencies.”

“We consider the ladies buyer phase provides a big market alternative, and this product has been particularly designed to deal with the insurance coverage wants of this phase,” he added.

Sunil Sharma, Chief Government Officer, Reinsurance Group of America, India mentioned, “This partnership highlights our mutual dedication to providing progressive, customer-focused options for altering market calls for.”