Women looking for life insurance now have more options tailored to their financial and healthcare needs. A new term insurance plan offers a 15% lifetime premium discount for women, along with a pregnancy break, women-specific health benefits and an option for increasing income payouts for children's education.
Today (August 13, 2026), ICICI Prudential Life Insurance launched ICICI Pru iProtect Smart Her, a comprehensive term plan designed specifically for women. The product aims to address the evolving protection and wellness needs of women by combining life insurance with health and wellness benefits.
Key features of the new term insurance plan
The plan offers several benefits targeted at women's financial and healthcare needs:
- 15% lifetime premium discount for women
- Pregnancy break benefit for greater financial flexibility
- Women-specific health management and wellness services worth up to ₹25,000
- Child Education Care through an increasing income payout option for 10 years
- Comprehensive protection combining life insurance with health and wellness benefits
ICICI Pru iProtect Smart Her offers a carefully curated range of benefits, aimed at empowering and assisting women through the significant moments of their lives. A 15% lifetime premium discount, health management & wellness services tailored for women, and the option of a pregnancy break, allowing them to handle their premium payments more easily during this crucial time.
Pregnancy break offers flexibility in premium payments
The product includes a pregnancy break feature, aimed at giving women greater flexibility in managing premium payments during an important life stage.
The company says the feature is designed to help policyholders manage their financial commitments during pregnancy while continuing to have the protection offered by the policy.
Increasing income payout option for children's education
One of the features of the plan is the Child Education Care option. Under this option, the death benefit is paid to the nominee as an income rather than as a single lump sum.
The payout increases by 10% every year for 10 years, which the company says is intended to provide financial support for a child's education and other future needs.
“By combining life insurance with meaningful health management services and greater flexibility through features such as the pregnancy break benefit and lifetime premium discount, we offer a solution that helps women secure both their financial future and overall wellbeing," says Vikas Gupta, Chief Product Officer, ICICI Prudential Life Insurance.
Health and wellness services are bundled with the life cover
The product includes access to teleconsultations across multiple specialties, annual health check-ups, health risk assessments, wellness content, pharmacy and diagnostic discounts, and other healthcare benefits.
The company claims that the product offers overall benefits worth up to ₹92,100, which includes health and wellness perks specifically for women valued at ₹25,000, adding extra value for women customers.
For buyers, it’s crucial to evaluate the actual life cover, premium, policy term, exclusions and conditions attached to these additional benefits before buying the plan. The value of wellness services or discounts should not be treated as a substitute for adequate life insurance coverage.
