ICICI Lombard Health AdvantEdge Plan: Get Extensive Coverage

Why Choose ICICI Lombard Health AdvantEdge Plan

Outpatient and inpatient treatments are covered under this policy. There is a fixed sum insured for outpatient treatment, which varies based on the age and basic sum insured. A 24-hour stay in the hospital is not required for procedures that can be performed today thanks to technological advancements.

In addition to these benefits, the policy covers Swine flu or H1N1 influenza only if it did not exist at the time of purchase. Two adult policies may be purchased as a floater or an individual policy. When it comes to floater policies, the floater benefit ends at the age of 55, after which the policy may continue as an individual policy.

Benefits of Health AdvantEdge Plan

Benefits restored - The plan offers you the option of restoring your balance sum insured up to 100% of the base sum insured if the total amount insured, including accrued additional sum insured (if any), is insufficient due to prior claims.
Bonuses that are guaranteed - When you renew your insurance policy, you will receive an additional 20% of the sum insured for each year you do not make a claim (up to 100%). The bonus that has already been accumulated would still apply when the policy is renewed in the event of a claim.
Programs for promoting wellness- Several wellness and fitness activities can earn wellness points that can be redeemed for rewards based on healthy conduct. In addition to paying for medical consultations, prescription medications, diagnostic fees, and dental fees, wellness points can also be used to pay for dental care and other services provided by the office.
Services that add value - In addition to health rewards, medical condition management, doctor appointments, medical second opinions, doctor on call, pharmacy and diagnostics, 24 X 7 e-consultations, online chats, and telephone consultations, the plan provides a wide range of value-added services to policyholders.
Protector & Sum Insured- This plan covers items that you would not otherwise be able to claim against the company. The claim protector feature of the plan may be used if your claim for a hospital stay has been approved. Furthermore, making claims up to Rs. 50,000 during a prior policy year will not affect the additional money insured accumulated over time.
Benefits of recuperation -Each policy year, the premium will be paid in one lump sum. The insured must be hospitalized for at least 10 consecutive days in order to be eligible for this benefit.
Until the age of 45, no medical tests are required - Medical exams are not required for those under 45 and those who are covered up to Rs. 10 lakhs in health coverage.
Renewability for life - As long as the health insurance plan is renewed every year, there is no restriction on the age of the insured.
Coverage for critical illnesses - There is a 30-day survivor clause included in the policy that covers 20 critical illnesses. As a lump sum payment, either the insured money or up to Rs. 50 lacs will be paid.

Exclusions of Under Health AdvantEdge Plan

The policy excludes the following points:

The policy covers any disease that develops within 30 days of the policy's start date, excluding those caused by an accident. The following renewals are not subject to this clause.
There are some illnesses that will not be covered for two years, including cataracts, hernias, urinary tract stones, and others.
Ailments, diseases, injuries, or pre-existing conditions existed before the policy was issued. These pre-existing conditions begin to be covered if the policy is renewed with us for two consecutive years.
During wars
Law violation
Extensive treatment outside of a country's geographical location
Medical expenses incurred while receiving treatment at home
There are many treatment alternatives to acupuncture, such as naturopathy, acupressure, magnets, and other related methods.

FAQ

Is the ICICI Lombard Health AdvantEdge Insurance going to cover COVID-19 hospitalization bills?

Yes, of course. Under the plan, COVID-19-related hospitalization is covered.

Do I have the option of canceling my ICICI Lombard Health AdvantEdge policy?

Trials are available for 15 days with the company. During this free look period, you can notify the insurer that you are terminating the insurance. Once the insurance company has reimbursed the premium, the premium will be deducted from your account.

Does the plan offer any tax benefits?

That's right. You can deduct up to Rs. 25,000 from your premium if you buy this policy for yourself, your spouse, or your children. If you are over 60, you can deduct up to Rs. 50,000.

Do I have to pay anything when claiming ICICI Lombard Health AdvantEdge Insurance?

There is no copay with this plan.