ICICI Lombard Group Health Insurance

Overview of ICICI Lombard Group Insurance

ICICI Lombard Group Insurance is a type of insurance plan that covers multiple individuals within the same group, such as employees of a company, bank customers, or members of an office or society. These plans provide the same extent of insurance coverage to all members of a group, irrespective of their age, gender, occupation, or socio-economic status. Companies often provide group health insurance coverage to their employees and their dependents, offering monetary security.

The ICICI Lombard Group Health Insurance plan provides health insurance coverage to a group of people with common features or attributes. ICICI Lombard is one of the top health insurance companies in India. With over 6,700+ network hospitals and a claim settlement ratio of 97.07%, it is considered a trustworthy company. Their group health insurance plan is an all-inclusive plan with many additional benefits. Let's look at the plan specifications.

ICICI Lombard Group Health Insurance Benefits

ICICI Lombard Group Health Insurance offers multiple advantages that policyholders can avail:

• Tax Benefits

  The amount paid towards the premium of this plan is eligible for tax relief under Section 80D of the Income Tax Act, 1961.

• Less Waiting Period

  With ICICI Lombard Group Health Insurance, policyholders get a waiting period of 30 days. If diseases or illnesses are pre-existing at the time of proposal, they will not be covered during subsequent policy renewals.

• Hospitalisation Coverage

  Policyholders receive coverage for hospitalisation and related services such as OPD charges, oxygen, blood, anesthesia, doctor's fees, surgeon's fees, intensive care unit charges, boarding, and nursing expenses incurred during hospitalisation for a minimum period of 24 hours.

• Wide Range of Coverage

  Policyholders get a wide range of Sum Insured options, from ₹1,00,000 to ₹10,00,000.

• Cashless Benefit

  Policyholders can avail cashless treatment at over 6,700+ network hospitals.

• Day Care Treatment

  ICICI Lombard covers medical expenses incurred by the insured or network provider for daycare treatment. This includes medical and/or surgical procedures that would otherwise require hospitalisation for more than 24 hours.

• Floater Benefit

  The insured can avail a floater cover, extending coverage to immediate family members for the same Sum Insured under a single policy by paying one premium amount.

• Multiple Coverage Options

  Policyholders get multiple coverage options, including Individual & Family Floater, covering you, your legal spouse, and two legal & dependent children.

Exclusions

• Pre-Existing Diseases
• Illnesses diagnosed within the first 30 days of the policy.
• Expenses for treatment of specific diseases and illnesses such as cataracts, benign prostatic hypertrophy, hysterectomy for menorrhagia or fibromyoma, hernia, hydrocele, congenital internal diseases, fistula in the anus, piles, sinusitis, and related disorders during the first year of the policy.
• Gender reassignment treatment expenses, including surgical management, to change physical characteristics to those of the opposite sex.
• Injuries from hazardous or adventure sports.
• Treatment expenses arising from or consequent upon any insured person committing or attempting to commit a breach of law with criminal intent.
• Cosmetic or plastic surgery for aesthetic purposes.