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What are the features of ICICI Lombard Health Advantage
- 3 Cr Coverage
- Cover your pre exisitng with tele medicals
- New born baby and vaccine cover
- No Room rent capping
- 24x7 video/telephone consultation
Infographic - Increase in lifestyle disceases at certain age bands and medical cost. Buy early to manage Waiting period
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Gif showing life cycle and insurance needs at each milestone
Calculate cover basis avaialble information / ask for input
Individual plan covers only 1 person whereas in a family floater plan you can cover Yourself + Spouse + Parents + Children
Benefits : One policy for family / cost benefit of buying one policy instead of multiple individual policies
Pointers to be considered when buying a health insurance policy
Claim settlement ratio is the ratio of claims paid out of the total number of claims received by an insurance company during a financial year. It is one of the most reliable factors that indicate if an insurance company handles the claims of the customers well or not.
Exclusions are the conditions for which the insurance company does not provide coverage. Some exclusions are permenant and some have a waiting period. When buying you should read the exclusions carefully
Room rent capping is the limit of hospital room cost that is borne by the insurance company. This capping can either be a whole figure that states how much room rent expenses are paid by the insurer or as a specific percentage of the sum assured.
This product does not have any rent room capping
These are the hospitals at which you can avail cashless health insurance service in case you get treatment which is subject to the terms and conditions associated with the policy. It is critical for cashless claims. ICICI has 11400+ network hospitals. Click here for full list.
The portion of the medical expense that a policyholder needs to pay when he receives medical services. Co-payment is fixed amount or percentage which is preset for various treatment and services.
In this policy the applicant can choose from 0%, 10%, 20%. In case of multiple policies co payment option helps reduce premium.
Yes you can cover Ayurveda, Yoga, Unani, Siddha and Homoeopathy. This can be claimed as reimbursement and on 24 hr hospitalization
Yes, on completion of 1 year of policy. Health check up limit 0.5% of SI
No claim bonus or NCB in health insurance is bonus money added in the sum insured for every claim free year. It is like a reward that policyholder receives for claim free year.
20% of SI maximum upto 100%; Once accrued shall remain guaranteed for the life and shall not get reduced in case of a claim/ Maximum value of GCB that can be accrued is 100%.
Restoration benefit is a benefit wherein the insurance company restores the original sum insured after it gets fully exhausted for the treatment of the illnesses.
100% of the base SI shall be made available even in case of partial utilization of SI for hospitalization due to any illness for same person (Applicable from second claims onwards upto the limit of SI + GCB + Restore - 1 st Claim)
<< explain with example>>
Animal Bite (Vaccination) Upto Rs.10,000 & For new born baby in the first year 1% of base SI per newly born child, max upto Rs.10,000
Intital: 30 days
Specific diseaseas: 2 years
PED: 3 years
waiting period : XX
10% of base SI subject to maximum of 10 lacs in case the maternity benefit is not claimed, next 3 years maternity premium is waived off
Coverage for New born : Twice the maternity cover limit per newly born child over and above the maternity limit