ICICI Lombard Health Care Plus Plan

Health Problems are a major concern these days and health expenses can never be ignored. On the other hand, a major portion of the savings is utilized in case of a critical illness. Therefore, it is better to make an early call for a health insurance policy. There are a number of health insurance policies sold by many companies but you can take a look at the ICICI Lombard Health Care Plus Plan. In this policy, you have the choice to decide the amount of the Sum Assured and it gives health cover to you and your loved ones. You also have the option to cover up to 4 family members in the same policy. So, let’s explore all the features and benefits of this policy.

Salient Features of the Health Care Plus Insurance Plan

1. You can cover each and every member of the family in this policy.
2. Flexibility of deciding the amount of the Sum Assured.
3. It gives a long term cover for 2 and 3 years.
4. There is no need for the co-payment.
5. Enjoy a Free Health Check-up at the time of renewal of the policy.
6. Enjoy Deductions under section 80C of the Income Tax Act 1961.

Benefits of Health Care Plus Plan of ICICI Lombard

Now you must explore all the benefits of this health insurance plan. See the risks and expenses that will be indemnified by the company.

Hospitalization Expenses

The company will cover all the expenses incurred during hospitalization. The cover will only be given if the individual is hospitalized for more than 24 hours and there is no pre-hospitalization or post-hospitalization benefit in this health insurance policy.

Room Expenses during Hospitalization

As you know that during hospitalization you have to rent a room in the hospital. So the company covers the expenses of the room in which the patient has been admitted. You can ask for the reimbursement of the expenses from the company and on the condition that the patient has been admitted for more than 24 hours.

Expenses done on Medicines

The day to day medicines also adds a major portion in the overall hospitalization expenses therefore the ICICI Lombard Health Care Plus insurance plan covers the medical expenses as well that incurred during hospitalization.

Surgical Expenses

During the hospitalization, you also have to purchase surgical equipment to take care of the patient. So the expenses done on the surgical equipment are also covered in this health insurance plan.

Fees of the Surgeon or Doctor

The doctors usually visit the patient if he is hospitalized and they have certain fees. So you can reimburse the fee of the doctor from the company under this insurance policy. Even the company will cover the fee of the surgeon if it incurs during hospitalization.

Diagnostic Tests

In the Health Care Plus Plan, you will get indemnified for the expenses you have made on the diagnostic tests during hospitalization. Every doctor keeps an eye on the health of the patient through the diagnostic tests and the reports.

Free-Health Check-up Benefits

At the time of the renewal, anyone insured can go through a free health check-up. The check-up is done at the company’s diagnostic centers and you can have a free health check-up at the time of the renewal of the policy

Tax Benefits

While computing your annual income for the calculation of taxes you can show the amount of the premium for the deduction. You are eligible to take deductions under section 80C of the Income Tax Act and save some of your taxes.

Eligibility Criteria for taking the Plan

1. The Minimum age of the insured must not be less than 5 years.
2. The Maximum age of the insured must not be more than 65 years.
3. Rs.5 Lacs is the minimum amount of Sum Assured in this Plan.
4. Rs.10 Lacs is the maximum amount of Sum Assured in this Plan.
5. Individual and Family Floater Covers are available in this plan.
6. 1 Year is the Minimum Policy Tenure of this policy.
7. 2 Years is the Maximum Policy Tenure of this policy.
8. In a Single Policy, you can cover up to 2 adults only.
9. 18 years is the minimum age for the Proposer.
10. You have the option to renew the Policy up to the Age of 70.
11. Individuals having the age of 56 or above have to go through a Pre-Medical Test.
12. The Company gives a Grace Period of 30 Days and a Free-Look Period of 15 Days.
13. You cannot add riders to this policy.

Illnesses excluded from the Policy until 2 Years

1. Cataract
2. Myomectomy, hysterectomy unless because of malignancy
3. Benign prostatic hypertrophy
4. Dilatation and curettage, endometriosis
5. Fissures and/or fistula in anus, hemorrhoids/piles
6. Hernia and hydrocele
7. Stone in the urinary and biliary systems
8. Joint replacement, unless due to accident
9. All types of skin and all internal tumors/cysts/nodules/polyps of any kind, including breast lumps, unless malignant
10. Sinusitis and related disorders
11. Dialysis required for chronic renal failure
12. Gastric and duodenal erosions and ulcers
13. Surgery on tonsils, adenoids, and sinuses
14. Varicose veins/varicose ulcers
15. Deviated nasal septum

Clauses of the ICICI Lombard Health Care Plus Plan

Any Illness that arises within 4 years from the date of the inception of the policy will not be covered in the plan.

The Company will not cover any medical expenses incurred within 30 days from the date of the inception of the policy.

Permanent Exclusions by the Company

Illnesses that are already excluded before in the ICICI Lombard Health Care Plus Plan.

1. Laser Surgery
2. Eyes and Ears Checkups and expenses are done on spectacles
3. Routine Medical Check-up
4. Suicidal Injury or Self-Destruction
5. Any kind of Defect by Birth
6. Pregnancy
7. HIV AIDS
8. Pre-Hospitalization Expenses
9. Post Hospitalization Expenses
10. Non-Allopathic Treatment
11. Dental Treatment
12. Expenses on the Cochlear Implantation
13. Therapy Done for the Hormone Replacement
14. Cosmetic Surgeries