ICICI Lombard Health Insurance Renewal

ICICI Lombard is a joint venture between ICICI Bank and Canada's Fairfax Financial Holdings Limited. The company offers several health insurance plans, including individual health plans, family health plans, and critical illness health plans, among others.

The plans offered by ICICI Lombard Health Insurance provide comprehensive protection, covering hospitalization expenses, pre and post-hospitalization costs, ambulance charges, and more.

ICICI Lombard Health Insurance now offers the convenience of online renewal. This feature allows you to easily renew your policy and enjoy uninterrupted benefits.

Let's discuss ICICI Lombard Health Insurance renewal in detail.

Benefits of ICICI Lombard Health Insurance Renewal

• Continuous Coverage: ICICI Health Insurance renewal ensures that your and your family's healthcare needs are continuously covered.
• Flexibility: ICICI Lombard Health Insurance renewal allows you to customize your plan as per your changing needs. You can add or remove a family member, if needed, upgrade the chosen sum insured, or opt for available rider options.
• No Claim Bonus Reward: ICICI Lombard Health Insurance offers No Claim Bonuses (NCB). For every claim-free year, an insured can receive a bonus in terms of discounted premium rates or an increase in the sum insured. If you do not renew your health insurance on time, you will lose the NCB earned so far.

What Happens if I Do Not Renew ICICI Lombard Health Insurance on Time?

Timely renewal of your health policy offers several benefits to policyholders. It is always recommended to pay your insurance premiums on time to be prepared for any unforeseen medical emergency.

Many people are unaware of the consequences if they forget to pay their premium on time. You can renew your ICICI Lombard policy during the grace period.

A grace period is a duration (usually 30 days) during which a policyholder can pay overdue premiums to maintain continuous benefits without a break.

Note: If you fail to renew your ICICI Lombard Health Insurance policy online even during the grace period, your policy will lapse. You would then need to purchase a new policy and complete all formalities again.

How Can I Remember My Health Insurance Policy Renewal Date?

• Keep track of your renewal dates.
• Opt for email or SMS reminders.
• Pay using Auto Debit.

ICICI Lombard Health Insurance Policy Online Renewal Process

Here are the steps to renew your health insurance policy online with ICICI Lombard General Insurance:

• Visit the official website of ICICI Lombard General Insurance and click on 'Renewal' from the top menu bar.
• Select the 'Health Policy' tab and on the next page, fill in required details such as policy number and date of birth.
• Click on 'Proceed'. If you wish to make modifications, such as changing the sum insured or opting for an add-on, you can do so while reviewing your policy details.
• Make the online payment for the renewal fee using the available payment modes.
• Once the payment is successful, the policyholder will receive the policy details on their registered email address.