ICICI Lombard General Insurance Company is one of the leading private-sector insurance companies based in India. It is a joint venture between both ICICI Bank Limited and Fairfax Financial Holding Limited (based in Canada).
ICIC Lombard General Insurance Company has been offering a variety of innovative products over the years as per the requirements of the customers. ICICI Lombard General Insurance Company offers insurance products across a variety of sectors such as health, two-wheeler, car, travel, business etc.
The insurance plans offered by ICICI Lombard General Insurance are known for providing comprehensive coverage as well as quality services. In this article we will learn about ICICI Lombard Health Insurance plans in detail. Like what are the benefits of this scheme? How much coverage is provided by the plan? And what are the eligibility conditions to buy ICICI Lombard Health Insurance?
Benefits of ICICI Lombard Health Insurance
Medicine Cost: Health care costs have increased currently and are likely to increase further in the future. ICICI Lombard Health Insurance policy helps keep you and your family financially protected during medical emergencies.
Employer Health Policy: If you are an employed person, you are provided with a health insurance policy by your employer. But this policy cover is provided to you as long as you work for the employer.
Apart from this, your family members may not be included in it. Through ICICI Lombard Health Insurance Policy, you can provide the benefit of additional health insurance protection to yourself and your family.
Lifestyle Diseases Related to: Due to the present lifestyle, many diseases are occurring in the young generation. Hence there is a need for family health insurance that can easily cover the extensive expenses incurred in the treatment of the disease. For lifestyle diseases, ICICI Lombard Health Insurance offers plans with high coverage at a low cost.
Premium Savings: You can save on the premium if you take a family health insurance policy as compared to an individual health insurance policy. When more than 1 person is included in a health insurance policy, then a discount is offered by ICICI Lombard Health Insurance Company on the premium charged on it.
Family Health needs: ICICI Lombard Health Insurance Policy offers insurance plans tailored to the needs of your family. This helps you choose a better health insurance policy keeping in mind all your family needs.
Tax Benefits: ICICI Lombard Health Insurance also provides tax benefits under Section 80D of the Income Tax Act on the premium paid by the individual. Thus you can also increase your tax savings through this policy.
COVID-19: COVID-19 is covered by ICICI Lombard Health Insurance policy. Under this, if the insured person is admitted to the hospital, his expenses are covered by ICICI Lombard Health Insurance.
Co-payment: Co-payment requires the insured to bear some additional charges while making a claim for the sum insured but with ICICI Lombard Health Insurance policy you do not need to bear any co-payment.
No capping No: Many insurance companies put a cap on the sum insured in their health insurance policies, but there is no capping on the ICICI Lombard Health Insurance policy. You are provided coverage to the extent that your family requires.
Hospital Recruitment: If you are hospitalized for more than 24 hours due to medical reasons, then the medical expenses incurred during that time, room charges, doctor surgeon charges, medicine bills etc. are covered.
Additionally, ICICI Lombard Health Insurance also offers you benefits for medical expenses incurred 30 days before and 60 days after hospitalization.
Day Care Treatment: In this, you are also provided with the benefit of day care treatment. If you are admitted to the hospital for less than 24 hours.
Ayush treatment: AYUSH treatment expenses are also covered by ICICI Lombard Health Insurance.
Health Program: ICICI Lombard Health Insurance Wellness points are provided through various wellness and fitness activities which you can redeem on doctor consultations, medicine payments etc.
super No Claim Bonus: If the health insurance policy period remains claim-free then you are given a Super No Claim Bonus. In this, you are provided with up to 50% more insurance amount on the sum insured.
emergency Ambulance: It also covers the expenses incurred on the emergency ambulance.
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