Cancel ICICI Lombard Insurance
- How to cancel health policy?
- Refund & deductions
- Cancelling in free-look period
What’s up? Searching for a way to your ICICI Lombard health insurance cancellation? Aa jao boss, bata denge!
Well, cancelling your already running health insurance policy doesn’t seem very pleasing. The reason? You are biting your back on your own! Didn’t get this? Look, if you cancel your health insurance, who on earth will bear all those hefty medical bills during an unfortunate medical emergency? Of course, health insurers have your back to bear all the medical expenses, which is a huge plus.
However, it depends on your current priorities - whether you want to cancel/continue your health insurance. We understand that you wouldn’t have canceled this policy if there was nothing urgent. So, we have the guide on your ICICI Lombard health policy cancellation, read further to get your answers about your policy cancellation, and thank us later.
There’s not a fixed time for your ICICI Lombard health insurance cancellation, but there are chances of saving your paid premiums from drowning.
So, if the policyholder cancels their health insurance policy during the free-look period, there will be fewer deductions on the total refund. We won’t say that you’ll get a full refund for cancelling your ICICI Lombard health policy. However, the insurance companies give you 15-30 days which is the free-look period. This is a compulsory rule imposed by IRDAI to allow some relief to the policyholders so that they can review and make changes to their policy according to their requirements. After deducting some amount that the company has invested in issuing you the health insurance like, stamp charges, health check-ups before policy commencement, unpaid premiums for the unexpired policy, etc; the company will refund your premiums as you are no longer planning to continue it.
Now, some people may think what if I cancel my health policy after the free-look period? This question has also got an answer.
| Time | Refund % |
|---|---|
| Within 1 month | Approx. 75% |
| Within 3 months | Approx. 50% |
| Within 6 months | Approx 25% |
| After 6 months | Nil |
Note- This is only a basic representation of what you’ll receive on canceling your health insurance after the free-look period. It may vary according to the type of policy, terms and conditions of the policy, or the policy tenure for which your policy documents were curated.
There are three different categories of deductions on premium refunds, that apply to health policy cancellation. No matter whether you proceed with cancellation in the free-look period or beyond that. The specifications of deductions are listed below:
Know the process of canceling your ICICI Lombard health insurance policy:
Inform your insurer at least two weeks before initiating the cancellation process, this will help them guide you throughout the process. The procedure of policy cancellation may take from 7 to 15 working days.
Send them a notice of cancellation in writing, stating your reason for cancelling the health policy.
Fill in the cancellation form and write the reason for cancellation, submit all the documents (that are mentioned in your policy documents) attached to the cancellation form to your insurer (either online or offline mode).
After getting all the documents, the insurer will verify them thoroughly and initiate the process of refund (wherever you choose, in your bank account directly, or via cheque). Remember, the details of cancellation must align with your policy documents.
You’ll receive your refund of the paid premiums within one/two week/s of the company’s business days.
Find here the customer care contact number and other grievance details of the ICICI Lombard health insurance company:
| Contact Details | |
| Website | https://www.icicilombard.com/health-insurance |
| Toll-free number | 1800 2666 |
| Alternate contact number (chargeable) | 86 55 222 666 |
| 7738282666 | |
| Customer support Email ID | customersupport@icicilombard.com |
| Chatbot | ’RIA’, the automated chatbot |
| Registered Office | ICICI Lombard House 414, P.Balu Marg, Off Veer Savarkar Marg, near Siddhivinayak Temple, Prabhadevi Mumbai-400025 |
| Customer Support Office | ICICI Lombard General Insurance Co. Ltd. Ground floor- Interface 11, 6th floor- Interface 16, Office no 601 & 602, New Link Road, Malad (West), Mumbai - 400064 |
Still confused about how to get a resolution to your ICICI Lombard health insurance cancellation request? Sit back and relax, rest is on us!
Reach out to the pioneers of insurance at PolicyX.com, ring us on 1800 4200 269 or shoot us a query at helpdesk@policyx.com.
To cater to the different medical needs of an individual & their family, ICICI Lombard Health Insurance offers several Health Plans ranging from senior citizen plans to specialized plans for autistic children, to health insurance for cardiac patients, and many more.Take a look below to ICICI Lombard Health Insurance plans explore more:
Individual and Family Health Insurance
ICICI Lombard Health AdvantEdge plan is a comprehensive health insurance plan designed to cater to all your health care needs. A family health insuran...
Unique Features
Accident Health Insurance
ICICI Lombard Personal Protect Policy is a comprehensive health insurance policy that offers an array of benefits and extensions to safeguard the insu...
Unique Features
Senior Citizen Health Insurance
Golden Shield Plan by ICICI Lombard is designed especially for senior citizens and to cater to all their health care needs. With growing age, the huma...
Unique Features
Individual and Family Health Insurance
ICICI Lombard Arogya Sanjeevani is a versatile plan that pays for your medical bills in case of hospitalization. If you are looking for a health plan ...
Unique Features
Top Up and Super Top Up
ICICI Lombard Health Booster is a comprehensive super top-up health insurance plan designed to enhance your existing coverage. The policy acts as a s...
Unique Features
Individual and Family Health Insurance
ICICI Lombard MaxProtect health insurance plan is a multiple-benefit provider plan that comes with affordable premiums. It has two variants ie, Classi...
Unique Features
Individual and Family Health Insurance
Worried about your medical expenses? Boost your healthcare experience with the ICICI Lombard Health Shield 360 insurance policy. Healthcare is one of ...
Unique Features
Individual and Family Health Insurance
Customize your ICICI Lombard Complete Health Plan with 4 available variants ICICI Lombard Complete Health Insurance is a comprehensive health insuranc...
Unique Features
Group Health Insurance
ICICI Lombard Group insurance is a type of insurance plan that covers many people in the same proximity, for example, employee-employer, bank customer...
Unique Features
Know More About Health Insurance Companies
Yes, the insurance company is entitled to cancel your health insurance at any time. Given that, you’ve been subjected to commit any unlawful activities, or alleged to hide/misinterpret any required information.
Top health insurance plans of ICICI Lombard have a free-look period of 15 days. Some plans also come with a 30-day free-look period.
Yes, if the company has invested any amount on your pre-policy health check-up, there will be certain deductions involved.
Health insurance once cancelled remains cancelled, there’s no way to retrieve the same. You need to buy another health plan or the same health plan that you cancelled again.
No. Even cancelling the health policy during the free-look period comes with standard deductions like stamp charges, health examination expenses, and premium pro-rated risk amount.
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Lives In: Delhi, NCR Expertise: Health & Term Insurance Simran has an experience of 4 years in content writing. She transitioned from hospitality and digital marketing to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner, she keeps her audience hooked and solves their doubts smoothly.
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