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ICICI Lombard General Insurance

The ICICI Lombard General Insurance Co. Ltd. is a joint venture between the second largest bank in India, ICICI Bank Limited, and a Canada-based financial services company, Fairfax Financial Holdings Limited. Since its inception, the company has evolved to being one of the largest private sector insurers in the country, the Gross Written Premium (GWP) of which is around ₹ 83.07 billion. ICICI Lombard General Insurance Co. Ltd. brings together the combined expertise of two individual enterprises to the Indian market, which has been a factor in the company becoming a popular insurance provider.
ICICI Lombard offers a number of insurance solutions to companies as well as individuals, in the form of business and personal financial protection plans. In fact, you can now conveniently buy ICICI Lombard health insurance online, something that makes health insurance much more accessible to a bigger pool of people.

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Plans Offered by ICICI Lombard General Insurance

With ICICI Lombard health insurance policies, you can be assured of getting timely financial assistance in medical emergencies as you have access to medical treatments through its large network of 4500+ hospitals all across India. In addition, you can also avail the extended benefits of the ICICI Lombard health insurance policy that include cashless treatment, ambulance charges, daily cash allowance, pre and post hospitalization expenses, and much more.
Health insurance by ICICI Lombard is available in three different plans:

    Plan Name : Complete Health Insurance

      About the plan

      This plan is a complete health insurance solution that provides coverage to the main insured as well as the family members. There are two coverage options available under this plan, Individual and Floater. Under the individual plan, the policy is taken for each member separately and the premium is also payable for each member. In the Floater plan, the entire family is covered for a particular amount (sum insured) and a single premium covers all the members.

      • There are no pre-policy medical tests required for individuals up to 46 years of age or up to a total sum insured of ₹ 10 lakh (*The Sum Insured is the maximum amount payable by the insurance company at the time of a claim).
      • You have an option to choose between a 1 or 2 year term for the policy
      • The policy has lifelong renewability i.e. once you enroll in the policy, you can get it renewed lifelong

          Benefits

          • Provides hospitalization charges incurred in organ transplant surgeries.
          • Provides pre and post hospitalization expenses for an extended period (60 days before and 90 days after treatment)
          • Covers 150 types of expenses for listed day care procedures (treatment /surgeries undertaken under local or general anesthesia for less than 24 hours in a hospital/day care centre).
          • Provides 1% of sum insured (up to ₹ 5,000) as domestic emergency ambulance charges
          • Tax Deduction: You can save on your income tax under Section 80D of the IT Act, 1961
          • Reset Benefit: If your claims exhaust your coverage, then with this benefit, your sum insured gets recharged up to 100%. This can be used for making claims for ailments that are different from your previous claims. Also, please note that this benefit can be availed only once a year.

              Plan Name : Health Booster

                About the Plan

                This is a super top-up (a flexibility that allows the policyholder to increase his fund value by paying an amount, without much charges attached) insurance plan that offers extended coverage for expenses that are not covered under the base plan.

                • No pre-policy medical tests are required for individuals less than 46 years of age or for a total sum insured (the maximum amount payable by the insurance company at the time of a claim) of up to ₹ 10 lakh
                • You have an option to choose from a 1, 2, or 3 year term for the policy
                • The policy has lifelong renewability i.e. once you enroll for the policy, you can get it renewed lifelong

                    Benefits

                    • Provides hospitalization charges incurred in organ transplant surgeries.
                    • Provides pre and post hospitalization expenses for an extended period (60 days before and 90 days after treatment)
                    • Covers 150 types of expenses for listed day care procedures (treatment /surgeries undertaken under local or general anesthesia for less than 24 hours in a hospital/day care centre).
                    • Provides 1% of sum insured (up to ₹ 5,000) as domestic emergency ambulance charges
                    • Tax Deduction: You can save on your income tax under Section 80D of the IT Act, 1961
                    • Reset Benefit: If your claims exhaust your coverage, then with this benefit, your sum insured gets recharged up to 100%. This can be used for making claims for ailments that are different from your previous claims. Also, please note that this benefit can be availed only once a year.

                        Plan Name : Personal Protect Insurance

                          About the Plan

                          The Personal Protect Insurance by ICICI Lombard is a policy that provides coverage for Permanent Total Disability (PTD) and Accidental Death. This policy also covers terrorism, and you can also get an additional cover for Accidental Hospitalization Expenses and Accidental Hospital Daily Allowance.

                          • The minimum age of entry for this policy is 18 years and the maximum age is 60 years
                          • There is no requirement of a pre-policy health checkup for getting this policy issued
                          • The policy is available only on an individual basis

                              Benefits

                              • You can purchase a Personal Protect policy without having to undergo health check-ups
                              • An additional cover is available for reimbursement for accidental hospitalization expenses
                              • There are customized coverage options, with sum insured ranging from 3 lakh up to 25 lakh
                              • You get coverage against accidental death, and for expenses that are related to permanent total disablement
                              • You can buy the policy online and pay for it in easy installments

                                Benefits

                                Claim Process at ICICI Lombard General Insurance

                                First and foremost, you must compare ICICI Lombard health insurance plans for the one that suits you best. As for the claims process, you get a guaranteed response within 4 hours of a cashless claim and within 14 days of a reimbursement claim.

                                Review of ICICI Lombard General Insurance

                                With a host of health insurance products to its name, ICICI Lombard has managed to carve a distinct niche in the Indian Insurance Market. The company has also been consistently recognized for its customer-centric approach and has a favorable claim settlement ratio of 82.09%. It also has an in-house health claim processing and wellness center, called the ICICI Lombard health Care to provide customers with the best services whenever required.
                                Make an informed decision, compare ICICI Lombard health insurance plans at Insurance Inbox, and buy the one that suits you the best.

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