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ICICI Prudential Launches Long-Term Savings Product

Published on November 15, 2022
Current Context: The ICICI Prudential Life Insurance Company Limited launched a new long-term savings product named, “ICICI Pru Sukh Samruddhi”.
ICICI Prudential Launches Long-Term Savings Product
  • “ICICI Pru Sukh Samruddhi” is a participating savings product that will provide customers with growth potential and benefits in the form of bonuses.
  • The insurance plan will also provide a life cover for the entire duration of the policy.
  • In order to encourage women to attain financial independence, the plan will provide a higher maturity benefit to women customers.
  • It will be available in two variants:
  1. Income Variant (guaranteed regular income for a specified time period)
  2. Lump sum Variant (for building a corpus during a long-term policy)
  • Other features include:
  1. Save Wallet (to allow customers to accumulate and increase their income)
  2. Save the Date (to enable customers to receive payments on the date of their choice)
  • The ICICI Prudential Life Insurance Company Limited was established in 2001 with its headquarters in Mumbai. The current CEO and MD of the company is NS Kannan.

Question:

Q.1 The recently launched “ICICI Pru Sukh Samruddhi” is a/an?
a. Life Insurance Plan

b. Home Insurance Plan
c. Travel Insurance Plan
d. Motor Insurance Plan
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