ICICI Lombard Elevate Plan Buy now for Unlimited Sum Insured

ICICI Lombard Elevate Plan at a Glance

The ICICI Lombard Elevate Plan is an unlimited health insurance plan that offers unlimited coverage and infinite claim amount possibilities using the Infinite Care benefit. It also provides a 100% bonus upon your coverage with the Power Booster benefit and ensures recovery of coverage with the Reset benefit.

This plan covers pre-existing conditions like diabetes, hypertension, asthma, and obesity after just 30 days with the Jumpstart benefit. It also includes other helpful benefits like Inflation Protector, Claim Protector, BeFit benefit, NRI Advantage, and so on.

Key Features of ICICI Lombard Elevate Plan

Eligibility Criteria Required for ICICI Lombard Elevate Plan

Pros and Cons of ICICI Lombard Elevate Plan

Pros

• Covers expenses for pregnancy-related treatments.
• Includes outpatient costs like medications, tests, and doctor visits.
• Also covers some non-medical costs like oxygen masks, gloves, and nebulization kits.
• Pays for bariatric surgery (weight loss surgery).
• No limit on any single claim during the policy's lifetime.
• You can also cut down the waiting period for pre-existing conditions to 1 or 2 years.
• Super No Claim Bonus applies, even if you make a claim.
• The plan is priced fairly compared to other insurance products.
• Fewer complaints about claim settlement compared to other insurers.

Cons

• There are limits on the type of hospital room you can choose (unless you add extra coverage).
• You cannot pay your premium on a monthly basis.
• More complaints during the policy purchase process compared to other insurers.

Waiting Periods in ICICI Lombard Elevate Plan

Optional Covers in ICICI Lombard Elevate Plan

• 1. Worldwide Cover: Covers medical expenses for planned or emergency hospitalization anywhere in the world, including the USA and Canada.
• 2. New Born Baby Cover: Pays for hospitalization costs for the treatment of the newborn baby.
• 3. Vaccination for Newborn Babies: Covers the cost of vaccinations for the baby until they turn one year old.
• 4. Claim Protector: Pays for items or consumables used during hospitalization that are not usually covered by most health insurance plans.
• 5. Super Loyalty Bonus: Offers extra rewards for long-term policyholders as a loyalty bonus.
• 6. BeFit: Provides cashless coverage for consultations, pharmacy, diagnostic tests, minor procedures, e-counseling, diet & nutrition consultation, and physiotherapy.
• 7. Inflation Protector: Increases the sum insured at each renewal, based on inflation from the previous year.
• 8. Maternity Benefit: Covers expenses related to pregnancy, including delivery, prenatal, and postnatal care for the insured woman.
• 9. Chronic Disease Management: Helps with managing pre-existing conditions like hypertension, asthma, obesity, diabetes, and more. Includes health assistance, diet counseling, and 2 annual check-ups.
• 10. Infinite Care: Pays unlimited claim amounts for hospitalization, daycare treatments, and AYUSH treatment during the policyholder’s lifetime.
• 11. Personal Accident: Pays a fixed amount if the insured gets permanently disabled or dies due to an accident.
• 12. Nursing At Home: Offers a daily allowance for up to 10 days after hospital discharge to pay for a qualified nurse's services at home.
• 13. Compassionate Visit: Covers the cost of an economy class air or train ticket for an immediate family member to visit the insured if they’re hospitalized for more than 5 days.
• 14. Voluntary Deductible: Provides a discount on renewal premiums if the policyholder chooses to pay a deductible during claim settlement.
• 15. Domestic Air Ambulance Cover: Pays for air ambulance services to transport the insured to the nearest hospital in an emergency.
• 16. Dependent Accommodation Benefit: Offers a daily allowance for the accommodation of a dependent in the hospital if the insured is hospitalized for 3 or more consecutive days.
• 17. Health Check-Up: Provides a preventive health check-up once per year at an approved network provider.
• 18. Voluntary Co-Payment: Gives a discount on renewal premiums if the policyholder agrees to pay a portion of the claim amount (co-payment).
• 19. Durable Medical Equipment Cover: Covers the cost of buying listed durable medical equipment (like a wheelchair or ventilator) as prescribed by the doctor.
• 20. Waiting Period Reduction: Shortens the waiting period for pre-existing conditions from 3 years to 1 or 2 years.
• 21. Room Modifier: Lets you choose any room category for hospitalization, including a twin-sharing room, or sets a sub-limit of 1% of the sum insured for room rent.
• 22. Teleconsultation (Unlimited Times): Provides unlimited teleconsultations with a qualified doctor for routine health issues via audio, chat, video, or mobile app.
• 23. Network Advantage: It also gives a 10% discount on premiums if the policyholder agrees to get treatment at hospitals on the Preferred Provider Network (PPN) list.
• 24. NRI Advantage (Accidental Emergency Cover for NRI): Provides a 25% premium discount for NRIs and OCIs if they limit coverage to accidental emergencies.
• 25. Specific Illness Waiting Period Reduction: Reduces the waiting period for specific illnesses or procedures from 2 years to 1 year.
• 26. Worldwide Cover Waiting Period Reduction: Shortens the waiting period for worldwide coverage from 2 years to 1 year.
• 27. Maternity Waiting Period Reduction: Cuts the waiting period for maternity coverage from 2 years to 1 year.

Exclusions That You Must Know in ICICI Lombard Elevate Plan

These are the things that are not covered by the ICICI Lombard Elevate plan:

• Treatments for alcohol or drug addiction
• Injuries from adventure or risky sports
• Treatments for sterility or infertility
• Plastic or cosmetic surgery
• Sexually transmitted diseases (STDs)
• Injuries or harm caused intentionally (self-harm)
• Treatments for conditions you were born with (congenital conditions)

Benefits of ICICI Lombard Elevate Plan

Here are some benefits of buying the ICICI Lombard Elevate plan:

• 1. Unlimited Claims: You can claim unlimited medical expenses for your entire life, no matter the sum insured, with the Infinite Care benefit. But, this option can only be bought in the first two years of the policy.
• 2. Renewal Premium Discount: You can get a discount of up to 30% on your renewal premium if you collect at least 9000 wellness points.
• 3. Guaranteed Bonus: If you don’t make any claims during the year, you will get a bonus of 20%, which can increase up to 100% over time.
• 4. Tax Benefits: Under section 80D of the Income Tax Act, you can get tax deductions on the premiums you pay for this health insurance plan.
• 5. Unlimited Restoration of Coverage: If you use up your coverage for a claim, the Reset benefit will restore your full coverage amount, and you can use this unlimited times in a year.

Conclusion

The ICICI Lombard Elevate Plan is a complete health insurance plan with unlimited benefits, effectively preventing you from raising medical expenses. With amazing benefits and coverage, (e.g., providing coverage for pre-existing conditions, pregnancy-related services, and out-of-pocket expenses), this plan offers financial security for any and all of your medical needs. It's a good option for all of those who seek a stable and affordable health insurance solution.