ICICI Pru iProtect Smart can get you covered till age of 85 and you also have option to get whole life cover till age 99, said the life insurer in a statement. Moreover, customers do not need to provide any hospital bill to claim the cover. Photo copy of your diagnosis report are needed, said ICICI Prudential Life Insurance.
Now Paytm users can easily buy the ICICI Pru iProtect Smart plan within a few minutes from the app. Those who have already completed their KYC authentication are eligible for this in-app purchase. Other than purchasing the insurance product, one can also make the renewal premium payments via Paytm app. Paytm also offers hassle free claims settlement process on its app.
"We are deeply focused on offering innovative and customized insurance solutions to our millions of customers through a seamless journey from purchase to claim," said Amit Nayyar, President, Paytm.
"Term insurance is a crucial component in any customer’s portfolio, this tie-up provides a convenient route for Paytm users to quickly purchase life insurance and fulfill their responsibility of providing financial security to their families. We will continue to deploy technology to simplify and provide easy access to purchase life insurance," said Puneet Nanda, Deputy Managing Director, ICICI Prudential Life Insurance.
About ICICI Prudential Life Insurance
ICICI Prudential Life is promoted by ICICI Bank Ltd. and Prudential Corporation Holdings Ltd. headquartered in United Kingdom. The Company began operations in fiscal 2001 and has consistently been amongst the top private sector life insurance companies in India.
The Company offers an array of products in the Protection and Savings category which match the different life stage requirements of customers, enabling them to provide a financial safety-net to their families as well as achieve their long term financial goals. The digital platform of the Company provides a paperless on-boarding experience to customers, empowers them to conduct an assortment of self-service transactions, provides a convenient route to make digital payments for purchasing and making renewal premium payments, facilitates a hassle free claims settlement process etc. For FY2019, the Company had a claims settlement ratio of 98.6%, took approximately 2.34 days to settle genuine claims and 99% of claims were settled electronically.
ICICI Prudential Life is the first private life insurance company to cross the Rs 1 trillion mark for Assets under Management (AUM). At September 30, 2019, the Company had an AUM of Rs 1,655.12 billion and a Total Sum Assured of Rs 12.78 trillion. ICICI Prudential Life is listed on both National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
For further details, please visit https://www.iciciprulife.com/