The Hindu Business Line : ICCI PLI launches insurance for diabetic individuals

HYDERABAD: ICICI Prudential Life Insurance (PLI), a major private life insurer, on Monday announced the launch of the world's first critical illness insurance, especially meant for people with type-2 diabetes.

Speaking at the launch, Ms Anita Pai, Executive Vice President, ICCI PLI said, "with over 20 per cent of the world's diabetic individuals in India, there is an urgent need for a solution that both encourages and incentivises them to manage their conditio n better, and also offers them a financial cushion, should they suffer from any related critical illnesses".

She said Diabetes Care is available for a term of five years for people of 25 to 60 years of age who already suffer from adult diabetes or impaired glucose tolerance (IGT). Available under 3 sum-assured variants of Rs 3 lakhs, Rs 5 lakhs and Rs 10 lakhs, the product provides payment of the sum assured on diagnosis of any of 6 critical illnesses.

One can also purchase a rider that makes a payout of 10 per cent of sum assured for diabetes-related eye and limb complications. Another version, Diabetes Care Plus, provides life cover in addition to critical illness cover, Ms Pai added. - PTI

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