ICICI Lombard and ICICI Prudential Life Insurance jointly launched ‘iShield’

Ishield For Insurance Coverage: The twin benefits of health and life insurance make this solution essential to ensure financial security for the entire family.

Mumbai ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched the insurance solution ‘iShield’, which will offer both health and life insurance to customers. iShield will enable consumers to bear the necessary expenses for medical treatment. Also, it will also provide a lumpsum amount to the family in case of unfortunate death of the policyholder.

The health insurance component covers several expenses like hospitalization, day-care treatment, pre- and post-hospitalization treatment and homecare treatment. On the other hand, the life insurance cover will continue till the age of 85 so that the family will have sufficient financial resources to continue their life.

The risk of health-related illnesses and fatalities is the biggest threat to the financial security of consumers and their families.

The twin benefits of health and life insurance offered by this solution make it essential to ensure financial security.

iShield, with its two-in-one benefit, will provide customers with the convenience of managing their health and life insurance needs through a single proposition instead of purchasing separate products for each. Customers can easily purchase this solution by making a single application and undergoing a medical check-up. In addition to a large agent network, multiple easy-to-use touchpoints such as the company’s website or mobile app will provide customers with a hassle-free shopping and premium payment experience.

Along with health, life insurance will also be beneficial
Commenting on the product launch, Sanjeev Mantri, Executive Director, ICICI Lombard said, “iShield is a unique offering that showcases the best of both companies and shares the brand values of ICICI Prudential Life Insurance and ICICI Lombard.
The overarching principle we have kept in mind while designing this solution.
It aims to provide customers with a comprehensive dual benefit of health and life insurance solutions with a seamless single window customer experience. Our aim is to provide customers with a cover that provides them and their family complete security for physical and financial well-being. Our expertise in health insurance along with ICICI Prudential Life’s expertise in life insurance will ensure that the customer is offered the best of both services.”

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