ICICI Lombard Health Insurance : Buy Online Now

Know About ICICI Lombard Health Insurance

The company offers a formidable force in the general insurance industry in India by combining the expertise of two individual companies. Both individuals and businesses can benefit from its personal and business financial protection solutions. In addition to auto insurance and travel insurance, they also offer health insurance and personal accident coverage. Fairfax Financial Holdings Limited, an Indian company, invested in ICICI Lombard Health Insurance Company. Hospitalization, daycare procedures, ambulance charges, and domestic hospitalization are covered by the company's comprehensive health insurance policy. In addition to health insurance, it provides coverage for vehicles, bikes, homes, travel, etc.

It was announced on September 8, 2021 that ICICI Lombard General Insurance Company would merge with Bharti AXA Health Insurance Company. As a result of the merger, companies now have access to a broader distribution network, including online platforms, bank tie-ups, agents, brokers, etc.

To meet the insurance needs of policyholders, ICICI Lombard Medical Insurance offers additional health insurance plans besides standard health insurance plans.

There are several health insurance companies to choose from, making it difficult to choose a plan that is right for you. For a deeper understanding of ICICI Lombard Health Insurance Plans, read the following sections carefully before zeroing in on ICICI Lombard:

In addition to offering comprehensive coverage, ICICI Lombard offers high-quality service. ICICI Lombard Health Insurance offers standard and super top-up policies that protect policyholders when the sum insured amount of their base plan is exhausted. This insurance company guarantees to meet the insurance needs of all its clients with such a wide range of products.

Features of ICICI Lombard General Insurance

Take a look at the following section, and decide for yourself how the ICICI Lombard Health Insurance Policy performs:

With more than 6,700+ hospitals affiliated with ICICI Lombard Medical Insurance Companies, you can get hospitalized (if necessary) and the insurer will settle the bill directly with the hospital.
An insurance company's solvency ratio helps policyholders determine its ability to meet its financial obligations. Currently, IRDAI requires all insurance companies to maintain a solvency ratio of 1.50. According to the IRDAI Annual Report of 2021-22, ICICI Lombard Mediclaim has a solvency ratio of 2.54.
It is possible for the policyholder to use the annual premium of the company as a deciding factor for selecting a company based on its growth. According to the IRDAI report 2021-22, ICICI Health Insurance has an annual premium of 17,976.87 crores.
Insurers' Claim Support Ratio is an assessment of how well they can settle claims. An annual report on the claims settlement rate (in 3 months or less) is published by the IRDAI. 97.07 percent of the company's claims are supported within 3 months, according to the IRDAI Annual Report 2021-22.
There are more than 286 branches spread across India, enabling customers to quickly access their nearest office if they have any questions concerning their policies or claims.

Permanent Exclusions of ICICI Lombard Health Insurance

Every health insurance company does not cover certain diseases and procedures. This health insurance policy includes the following exclusions:

Surgery for cosmetics or plastics
A war or circumstances that resemble a war may cause property damage or loss
Injuries caused by suicide or self-infliction
The treatment of dental problems (unless they are caused by an accident)
The use and abuse of intoxicant substances such as alcohol and drugs can cause injury.

Benefits Which Is Covered By ICICI Lombard

Benefits of the plan	Explanations
Renewability for life	With ICICI Lombard Health Insurance policies, you can renew your coverage for a lifetime when you need it so that you won't run out of coverage.
Streamlined claims process	If there is a cashless claim, it needs to be settled within four hours of registering the request, and if there is a reimbursement claim, it needs to be settled within fourteen days.
Coverage for AYUSH treatments	The government will reimburse for alternative treatments such as Ayurvedic, Unani, Siddha, and Homeopathic (AYUSH) treatments done at a government hospital or institute recognized by the government or accredited by the Quality Council of India.
Cover as an add-on	You can enhance the basic health insurance policy by adding add-ons like Maternity and Newborn Baby Cover, Wellness and Preventive Healthcare Cover, and Outpatient Treatment Cover.
Up to 100% of the insured sum is reset	When you file a claim within the same policy year, you will receive a refund of up to 100% of your sum insured. An unrelated illness or injury will be covered with the reset sum insured.
Services that add value	Get free health checkups, online consultations with doctors, and consultations with specialists.
Benefits of taxation	Depending on your tax situation, you may be able to deduct premiums paid toward health insurance under section 80D.