Health Insurance 443 views April 21, 2021

ICICI Lombard provides a wide range of comprehensive health insurance plans to protect your finances against uninformed medical expenses. One such plan is ICICI Lombard Family Shield Insurance Plan with which you can secure yourself and your family in case any medical emergency happens. This plan from ICICI understands the different requirements of people and provides coverage options accordingly.

To know this plan better, let’s see the key features of the ICICI Lombard Family Shield Insurance Plan mentioned below.

  1. Multiple sum insured options
  2. Pre-and post hospitalization coverage
  3. Critical illness cover 
  4. Personal accident cover up to the sum insured
  5. Hospital Daily Cash benefit up to INR 3,000
  6. Compassionate visit expenses coverage up to INR 20,000 per policy year
  7. Cover for Organ Donor Expenses 
  8. Sum insured protector
  9. A 15-day free look period
  10. No pre-acceptance medical screening below the age of 46 years
  11. Tax Benefits

Now, we will discuss all these features of the ICICI Lombard Family Shield Insurance Plan in detail so that you can make the decision accordingly. Let’s start right away!

Let’s Talk About ICICI Lombard Family Shield Insurance Plan Benefits in Detail

As discussed earlier, we are showing the key benefits of the ICICI Lombard Family Shield Insurance Plan in detail so that you can know each of them better. Have a look!

Sum Insured Options

When going for ICICI Lombard Family Shield Insurance Plan, you can choose from multiple sum insured options according to your coverage requirements. These options are INR 3 lakh, 4 lakh, 5 lakh, 7 lakh, 10 lakh, 15 lakh, 20 lakh, 25 lakh and 50 lakh. You will need to pay the premium amount towards your policy according to the sum insured chosen by you. A higher sum insured will have a higher premium and vice versa.

In-patient Treatment and AYUSH Hospitalization

With the ICICI Lombard Family Shield Insurance Plan, policyholders will get coverage against treatment expenses incurred on hospitalization of more than 24 hours, up to the chosen sum insured. The plan also reimburses the expenses incurred on AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy) treatment-related hospitalization.

Pre-and Post-Hospitalization Expenses

When you choose this plan, you can receive coverage against medical expenses incurred up to 30 days (pre-hospitalization) before admission and 60 days right from admission to a hospital.

Organ Donor Expenses

If an insured person needs to undergo an organ transplant surgery, this family health insurance plan from ICICI Lombard provides coverage up to the chosen sum insured (with a maximum limit of INR 10 lakh).

Hospital Daily Cash Benefit

ICICI Lombard Family Shield Insurance Plan also offers hospital daily cash benefits to the policyholder for each and every completed day of hospitalization up to 10 consecutive days. To get this benefit, such hospitalization should be at least for 3 consecutive days. Other details are mentioned in the below table.

Sum Insured (In INR)Hospital Daily Cash (In INR)
3 lakh/ 4 lakh/ 5 lakh1,000 per day
7 lakh/ 10 lakh2,000 per day
15 lakh/ 20 lakh/ 30 lakh/ 50 lakh3,000 per day

Compassionate Visit

This plan also provides coverage against travel expenses (round-trip) of the insured person’s ‘immediate relative’ to the hospital from the place of origin/residence. An insured person’s hospitalization should be more than 5 days to get this benefit. To know more, check the below table.

Sum Insured (In INR)Compassionate Visit Expenses Coverage (In INR)
3 lakh/ 4 lakh/ 5 lakhUp to 10,000 per policy year of policy period
7 lakh/ 10 lakh/ 15 lakh/ 20 lakh/ 30 lakh/ 50 lakhUp to 20,000 per policy year of policy period

Critical Illness Cover

Treatment of critical illness (life-threatening diseases) can ruin your hard-earned savings in no time. With ICICI Lombard Family Shield Insurance Plan, you don’t need to worry as you will get coverage against expenses incurred on treatment for such illnesses for up to 2 insured adults in a policy.

For sum insured up to INR 10 lakh, the coverage will be up to sum insured, while for sum insured above INR 10 lakh, the coverage will be 50% of the chosen sum insured. The following critical illnesses will be covered under this plan.

  1. Cancer of specified severity
  2. Open chest CABG,
  3. First heart attack
  4. Major organ/bone marrow transplant
  5. Permanent paralysis of limbs
  6. Kidney failure requiring regular dialysis
  7. End-stage liver disease

Personal Accident Cover

In case the insured person dies or faces permanent total disablement due to an accident, this policy will provide personal accident coverage (up to the sum insured) to a maximum of 2 adults.

Nursing at Home

If you need the medical services of a qualified nurse at your residence after getting discharged from the hospital, you can get the same with this plan from ICICI Lombard. However, it will be up to 15 days post-hospitalization. The coverage will be according to the following table.

Sum Insured (In INR)Compassionate Visit Expenses Coverage (In INR)
3 lakh/ 4 lakh/ 5 lakhUp to 10,000 per policy year of policy period
7 lakh/ 10 lakh/ 15 lakh/ 20 lakh/ 30 lakh/ 50 lakhUp to 20,000 per policy year of policy period

ICICI Lombard Family Shield Insurance Plan Eligibility Criteria

Please check the important things related to the eligibility criteria of the ICICI Lombard Family Shield Insurance Plan.

  1. The minimum age to purchase this plan stands at 18 years.
  2. If an individual wants to buy this plan as family health insurance, his/her child should be more than 3 months of age.
  3. Children need to be more than 91 days of age to be eligible for this plan.

What is Not Covered Under ICICI Lombard Family Shield Insurance Plan?

The following things will not be covered under the ICICI Lombard Family Shield Insurance Plan.

  1. Acupressure, acupuncture, magnetic and such other therapies
  2. Unproven experimental treatment
  3. Cosmetic surgery
  4. Dental treatment (unless due to accident)
  5. Any medical case directly or indirectly related to criminal acts
  6. Change of gender treatments

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