ICICI Lombard Health Insurance Review: An Insurance Policy for Comprehensive Healthcare Needs

ICICI Lombard Health Insurance Review: An Insurance Policy for Comprehensive Healthcare Needs

ICICI Lombard offers affordable health insurance plans that fit the needs of individuals and families seeking comprehensive health insurance.

Good for

  • Individuals and families seeking basic comprehensive health insurance

Bad for

  • Individuals looking for a wide range of plans

Editor's Rating

4.0/5.0

ICICI Lombard Insurance is a decent option for both individuals and families looking for comprehensive insurance plans. Although ICICI lacks a diverse selection of policies, the Complete Health Insurance policy is competitively priced relative to competitors' policies. Further, ICICI's plans offer additional coverage options for those who need them. For instance, individuals or families that are seeking maternity coverage can look to apply for the iHealth Plus plan.

What Makes ICICI Lombard Health Insurance Stand Out?

ICICI Lombard stands out as a health insurer due to the fact that it only offers a single policy, Complete Health Insurance. This policy has 3 distinct plans—iHealth Plus, iHealth Value, and iHealth Budget. All of these plans have identical sum insured amounts, eligibility requirements, and basic benefits. However, they differ in terms of additional optional coverages. These various add-ons benefit both individuals and families looking for comprehensive coverage.

ICICI Lombard Health Insurance Premium Averages

Like all health insurers, ICICI Lombard charges a wide range of premiums based on the policy's sum insured amount and age of the policy holder. The sum insured amount is the total monetary amount the insurance company is obligated to cover for the patient per policy period. ICICI Lombard's offers a comprehensive policy with different plans. All of the plans offer the same sum insured range of Rs. 5,00,000 to Rs. 10,00,000. The premiums charged for each plan differ due to the benefits and add-ons attached to them. Below, we show the monthly premium depending on the primary insured indvidual's age and the benefits. In the toggles we also break out each plan's price based on their designation as individual and family plans.

ICICI Lombard Individual Health Insurance Plans

Individual health insurance plans are catered to single consumers looking to receive comprehensive health insurance. ICICI Lombard has 1 complete health insurance policy with three plans for consumers to choose from. This policy is the Complete Health Insurance Policy and it includes: iHealth Plus, iHealth Value, and iHealth Budget.

The 3 comprehensive individual health plans offered by ICICI Lombard Health Insurance are great options for individuals as they offer coverage at 3 different price points. The policy also includes lifetime renewal making it hassle free for all ages. You will not have to switch over to any other plan after retirement. Unlike some insurance plans, all three plans under the policy cover alternative treatments and therapies with AYUSH. The benefits are the same for the three featured plans, the difference lies in the add-ons that are included by ICICI.

For instance, the iHealth Plus includes additional benefits such as, hospital daily cash, outpatient treatment wellness coverage, maternity benefits, donor expense, and critical illness coverage for adults. Additionally, the iHealth Value includes, only donor and critical illness for adults. Finally, the iHealth Budget only includes the basic comprehensive coverage like in-patient treatment, day care treatment, and pre & post hospitalisation—which are included in all the other plans as well. The sum insured for the plans range from Rs. 5,00,000 to Rs. 10,00,000 and the sum insured resets 100% at the start of every policy year.

Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 15,043 - Rs. 9,518
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 7,340 - Rs. 5,584
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 5,322 - Rs. 4,451
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 18,702 - Rs. 12,484
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 10,999 - Rs. 8,550
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 7,801 - Rs. 6,827
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 26,113 - Rs. 16,964
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 18,410 - Rs. 13,030
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 10,021 - Rs. 8,711
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 62,746 - Rs. 39,161
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 22,792 - Rs. 19,059
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 21,284 - Rs. 18,223
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 46,,441 - Rs. 37,261
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 40,246 - Rs. 34,163
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 38,738 - Rs. 33,327

ICICI Lombard Family Floater Health Insurance Plans

Family health insurance plans are perfect for families looking to gain coverage for both immediate and extended family members. The best way to approach these plans is to gauge the needs of your family. If your family faces more pre-existing conditions or has more frequent hospital visits, a higher sum insured might be preferable. This is because those members would be covered for the large expenses that they may potentially incur. On the other hand, if you have a small family and visit healthcare professionals less often, then you might prefer a lower sum insured plan, which typically charges a lower premium.

ICICI Lombard has 1 complete family health insurance policy with three plans for consumers to choose from. This policy is the Complete Health Insurance Policy and it includes: iHealth Plus, iHealth Value, and iHealth Budget.

The 3 comprehensive family floater options offered by ICICI Lombard Health Insurance are great options as they offer coverage at 3 different price points with different add-ons. These add-ons can make or break the plan for some consumers. For example, if you are looking for maternity coverage to start a family, then the only plan would be the iHealth Plus unless you want to add maternity coverage onto one of the other plans. The policy also includes lifetime renewal making it hassle free for all ages. You will not have to switch over to any other plan after retirement. Unlike some insurance plans, all three plans under the policy cover alternative treatments and therapies with AYUSH. The benefits are the same for the three featured plans, the difference lies in the add-ons that are included by ICICI.

For instance, the iHealth Plus includes additional benefits, such as hospital daily cash, outpatient treatment wellness coverage, maternity benefits, donor expense, and critical illness coverage for adults. Additionally, the iHealth Value includes, only donor and critical illness for adults. Finally, the iHealth Budget only includes the basic comprehensive coverage like in-patient treatment, day care treatment, and pre & post hospitalisation—which are included in all the other plans as well. The sum insured for the plans range from Rs. 5,00,000 to Rs. 10,00,000 and the sum insured resets 100% at the start of every policy year.

Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 36,501 - Rs. 24,155
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 19,009 - Rs. 14,798
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 14,973 - Rs. 12,533
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 42,331 - Rs. 28,662
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 24,838 - Rs. 19,307
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 18,442 - Rs. 15,862
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 51,983 - Rs. 34,383
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 27,584 - Rs. 21,843
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 21,552 - Rs. 18,496
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 120,272 - Rs. 74,954
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 46,000 - Rs. 37,415
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 39,968 - Rs. 34,069
Plan NameSum Insured RangePremium Range
ICICI Lombard - iHealth PlusRs. 1,000,000 - Rs. 500,000Rs. 78,935 - Rs. 63,604
ICICI Lombard - iHealth ValueRs. 1,000,000 - Rs. 500,000Rs. 72,182 - Rs. 60,073
ICICI Lombard - iHealth BudgetRs. 5,000,000 - Rs. 1,500,000Rs. 66,150 - Rs. 56,726

ICICI Lombard Health Insurance Review: Benefits

ICICI Lombard Health Insurance offers their customers with a health insurance policy that contains 3 plans with comprehensive coverage for different health needs. By selecting the correct healthcare policy, consumers can ensure that they are prioritizing coverage based on their healthcare requirements.

ICICI Lombard iHealth Plus

The iHealth Plus plan is the most premium and comprehensive plan as it includes hospital daily cash, outpatient treatment wellness coverage, maternity benefits, donor expense, and critical illness coverage for adults.The plan has a sum insured range from Rs. 5,00,000 to Rs. 10,00,000.

ICICI Lombard iHealth Value

The iHealth Value plan is tier 2 among the 3 plans and is great for those that are not looking for add-ons like maternity coverage. This suits individuals and families with less medical complications. The additional coverage that separates iHealth Value from iHealth Budget is the critical illness coverage for adults. iHealth Value has a sum insured range from Rs. 5,00,000 to Rs. 10,00,000.

ICICI Lombard iHealth Budget

The iHealth Budget plan is the simplest plan among the 3 and only includes the most essential benefits that you will also find in the other 2 more premium plans such as, in-patient treatment, day care treatment, and pre & post hospitalisation. The iHealth Budget plan has a sum insured range from Rs. 5,00,000 to Rs. 10,00,000.

ICICI Lombard Health Insurance Plan Exclusions

There are exclusions that differ from plan to plan, like the example above. Exclusions that apply to all plans are the following:

  • Cosmetic surgery
  • Lasik eye treatments
  • Drug or alcohol abuse
  • Treatment related to sexually transmitted diseases
  • Treatment related to genetic disorders
  • Treatment related to self-inflicted injuries
  • Dental treatment
  • War related injuries
  • Domiciliary Treatment

How to Apply for ICICI Lombard Health Insurance

To apply for ICICI Lombard Health Insurance, use the following button to get to the webpage and select your preferred plan. Once you are on the page, you will have to fill out your information for the premium quotes. After this you will apply for the health insurance plan that you have selected through ICICI Lombard's platform.

Do You Meet the Eligibility Requirements?

Plan NameEligibility Requirements
Complete Health Insurance Policy
  • Minimum age of entry: 3 months for children and 18 years for adults
  • No maximum age of entry
Sahmi Chowdhury

Sahmi is a finance graduate from Northeastern University. He has had experience in the financial services sector working at Brown Brothers Harriman in trade settlement and True Capital Management as an investment analyst prior to joining ValueChampion.