ICICI Lombard Health Insurance Plan

About the Company:

Established in 2001, ICICI Lombard General Insurance Company is a joint venture between ICICI Bank- India’s largest private bank and Fairfax financial Holdings Limited- financial Services Company based in Toronto. ICICI bank has 74% stake in the venture while Fairfax has the rest in the venture. ICICI Lombard General Insurance is the largest private sector general insurance company in India.

Health Insurance (Mediclaim):

ICICI Lombard also provides health insurance. Health insurance provides the hospitalization expenses of the insured. The insured has to be hospitalized for more than 24 hrs to get the health insurance benefit. ICICI Lombard has cashless facility available with more than 4000+ network hospitals. Health insurance comes in two forms- individual and family floater plan. The former covers a single person while the latter covers family members also. Tax benefits can also be availed with health insurance plan.

Health insurance plans available with ICICI Lombard are Health Advantage Plus, Family Floater Plan,Personal Accident, Critical Care and Rishtey.

ICICI Lombard Family Floater Health Insurance Review:

ICICI Lombard family floater health insurance plan provides cover for your entire family. If any of the members of the household covered under the policy is hospitalized for more than 24 hrs, then the treatment expenses will be borne by ICICI. The expenses include pre and post hospitalization, day care procedures etc. Unlike many other health insurance plans, there are no sub limits on medical treatment expenses (except Cataract)

USP of ICICI Lombard Family floater health insurance:

-          There are no medical tests required till the age of 45 and the policy is issued instantly

-          Free health check up for one member of the family

-          For every year with no claim made, Sum Assured is increased by 5% which keeps on increasing every year to maximum of 50% of base Sum Assured.

-          Sum Assured can also be increased upon renewal.

 

Family floater health insurance also covers hospitalization expenses if the insured is injured as a result of terrorist activities.

 

Eligibility for ICICI Lombard Family floater health insurance:

Family Floater Health can be bought by anyone aged from 5 years to 50 years. Children above 91 days can be covered if one of the parents is covered under same policy. Family Floater Health can be renewed till age of 70 years. The Sum Assured for Family Floater Health for individual is Rs 2 and Rs 3 lacs and the Sum Assured for Family Floater Health for family is Rs 2, 3 and 4 lacs.

 

Exclusions in ICICI Lombard Family floater health insurance:

Family Floater Health, a comprehensive health plan does have some exclusions which are:

 

Waiting Period

-       Any illness diagnosed within 30 days of inception of policy is not covered, however accidental injuries will be covered

-       There is 2 year waiting period for particular diseases like cataract, hernia, joint replacement, hydrocele etc

-       The pre existing diseases will be covered after continuous 4 years coverage

 

Permanent Exclusions

-       Treatment for HIV, genetic disorders and related diseases

-       Treatment for internal and external congenital diseases

-       Non allopathic treatments

-       Cosmetic treatments or plastic surgery

-       Abuse of intoxicant things like alcohol or drugs

-       Self inflicted injuries

-        Mental Disorders

-       Act of war, nuclear war or radiation

How to buy ICICI Lombard Family floater plan?

Family floater plan is available online. You can also leave your personal details and we will get in touch with you.