ICICI Lombard Elevate Health Insurance
Okay, look. Health insurance isn’t exactly something we enjoy thinking about. Most of us put it off, skim over policy wording (guilty), and just hope we don’t need it anytime soon.
But when I came across ICICI Lombard Elevate Health Insurance, it felt… different. It felt as if someone finally sat down and asked, “Hey, what if we actually created a plan that people could adjust to fit their lives?”
So yeah, I did some digging. Spent a couple of evenings clicking around and reading the fine print so you don’t have to. Here’s what stood out—the good, the not-so-good, and a few “oh, that’s clever” moments.
1. That Unlimited Reset Thing? Actually Pretty Useful
You know how most policies give you a certain coverage amount, and once it’s used… you’re out of luck for the rest of the year?
Yeah, not this one.
ICICI Lombard Elevate lets you reset your insured sums unlimited times. Like, fully. Not partially. You could use up your ₹10 lakh cover once, twice, or even three times in a year—and it just… refills.
And if you’re really the plan-ahead type, you can add something called Infinite Care, which gives you one giant claim with no upper limit. We’re talking crores here. Scary stuff to imagine, but also reassuring to have.
2. The Coverage Actually Grows (Without Paying More)
So, there’s a loyalty bonus. Every claim-free year, your base sum insured grows by 20%. That’s standard.
But if you throw in their Power Booster, that bonus goes up 100% per year. No upper cap. Like a magic beanstalk, but for insurance.
Honestly, it’s the kind of thing that doesn’t sound exciting until you really need it.
3. Got Pre-Existing Stuff? There's a Shortcut
Normally, you wait 2–4 years for pre-existing conditions to be covered. But if you’ve got things like diabetes, high BP, or asthma, ICICI Elevate gives you a chance to use Jumpstart—a feature that cuts the waiting time to just 30 days. As long as you stick with them for three years.
This is quite amazing, especially when you consider how long other plans require you to wait.
4. They Actually Reward You for Being Healthy
Alright, this one’s cool.
There’s a wellness program called BeFit that tracks your health habits—like walking, diet, BMI, and that kind of stuff. If you do well, you can get up to 30% off on your next renewal.
Think of it like Fitbit meets your insurance company—but in a beneficial way.
5. Maternity, Surrogacy & IVF — It’s All There
Most health insurance plans treat maternity like an afterthought. Here? It’s baked in.
Elevate covers maternity (pre- and post-natal), IVF, surrogacy, and even oocyte donor expenses. Up to ₹5 lakh. That’s a big deal, especially if you’re considering starting a family or exploring alternate routes to parenthood.
And it’s not just for the mom—the plan covers both partners where applicable. It may seem insignificant, yet it holds significant importance.
6. Global Coverage = No Reimbursement Drama
If you travel or live abroad part-time, listen up.
The global coverage add-on lets you get treated overseas and still use cashless claims. Not reimbursements. Not, “we’ll see later.” Just direct settlement.
There’s a waiting period (usually 1 year), but once that’s done, you’re set. One less thing to worry about if you’re dealing with something major far from home.
7. Zero Paperwork (Almost)
Buying, renewing, or claiming? You can do it all online. No long queues, no chasing agents. And if you’re under 45 and going for a sum insured up to ₹10 lakh, chances are no medical tests are needed.
Which, honestly, makes life easier. Especially if needles give you flashbacks.
8. They’re Not New at This Game
ICICI Lombard’s been around a while, but lately they’re scaling fast. Their health insurance premiums shot up 44% recently, and it shows they’re investing big in their products.
They’re clearly betting on Elevate to be their flagship. So far, it’s effective. It’s working.
Pros & Cons: The Honest Rundown
👍 What’s great:
Resetting sum insured = huge peace of mind
Massive loyalty bonus potential
Covers IVF, maternity, donor costs (rare!)
Wellness discount feels like a win-win
Global cover available if you want it
👎 What’s not so great:
Premiums can stack up with all those fancy add-ons
The claim settlement ratio (around 85%) is okay… not great
First-time buyers might find it a bit overwhelming
Room rent cap can be limiting unless you get extra cover
Real-World Example (Premium Estimates – Delhi)
Here’s a rough idea of what it could cost:
| Plan | Monthly Cost (Approx.) |
|---|---|
| ₹5 lakh | ₹400–₹500 |
| ₹10 lakh | ₹540–₹600 |
| ₹1 crore | ₹750–₹850 (for couple, age 30) |
Pricing depends on your age, city, medical history, and the riders you pick. These are approximate figures and should not be considered definitive.
FAQs (Because You’ll Probably Google This Anyway)
Q: Does it cover outpatient stuff like doctor visits?
Only if you get the OPD+ or Chronic Disease Management rider.
Q: What’s the waiting period for maternity or IVF?
Typically, the waiting period for maternity or IVF is 2 years, but it’s important to verify your specific plan. Some conditions may apply.
Q: Is the global coverage automatic?
Nope, it’s an add-on. It’s worth it if you travel or have family abroad, though.
Q: Can I get this service without a medical test?
Yes, if you’re under 45 and opting for a lower sum insured (₹5–10 lakh).
Q: How fast do they settle claims?
They settle claims fairly quickly with network hospitals. Reimbursement takes a little longer. Their CSR is around 85%, which is okay but not the best in the industry.
Still Curious? Start Here:
Final Thoughts
Honestly? ICICI Lombard Elevate Health Insurance is a smart pick if you want more than just “basic” cover. It’s flexible, it rewards you for healthy living, and it’s got options that actually make sense in the real world (like IVF or global coverage).
Just… don’t rush it. Compare. Read the riders. Maybe even talk to a human advisor if you’re confused. Do you have insurance? It’s not one-size-fits-all.
But if you ask me, this one’s worth putting on your shortlist.
Are you uncertain about the extent of coverage your family requires? Use our free Health Insurance Coverage Calculator to get a quick, personalized estimate—it’s simple, swift, and designed for Indian households.