What is the age limit for taking this policy?
The minimum age for taking this policy is 18 years, and the maximum is 70 years.
How can I switch my current insurance to ICICI Lombard?
If you wish to switch your existing insurance to any ICICI Lombard plan, please provide your application and a duly filled portability form along with your previous policy documents. Kindly share these at least 45 days before the renewal date of your existing policy.
What are the different modes of payment on icicilombard.com?
You can choose between any of these payment options to pay your premium online:
- Credit Card – Make secure premium payment with your VISA, Master, AMEX, RuPay or Diners Club card.
- Net banking - Transfer the premium amount online through ICICI Bank or any of the other 50+ banks.
- Debit Card – Just enter your bank’s debit card details to pay your insurance premium directly.
- UPI and e-wallets - Pay through UPI apps such as Google Pay, BHIM UPI & PhonePe, or an online wallet.
- EMI - Use the credit/debit card EMI facility to pay your premium in instalments.
How much premium qualifies for tax benefits?
Under section 80D of the Income Tax Act, you can avail of tax benefits for premiums paid towards your health insurance policy. The following table explains total tax deduction for only assesse, spouse, dependent children and parents (whether dependent or not):
Scenario |
Medical Insurance paid for self, spouse and dependent children (in ₹) |
Medical Insurance paid for parents (whether dependent or not) (in ₹) |
Total deduction under section 80D (in ₹) |
All are under the age of 60 years |
25,000 |
25,000 |
50,000 |
Assessee and family are under the age of 60 years |
25,000 |
50,000 |
75,000 |
Parents are above the age of 60 years |
25,000 |
50,000 |
75,000 |
Assessee and parents have attained or are above the age of 60 years |
50,000 |
50,000 |
1,00,000 |
Will my premium be the same when I renew my policy?
Your premium depends on your age and the benefit amount/coverage period you have opted for in your policy.
- If you move to a higher age band at the time of renewal, the premium will change as per the new age band.
- If you upgrade your product to a higher sum insured at the time of renewal,
add covers or make changes to the coverage period, your premium will change.
What are the different modes of payment?
Please refer the rate chart for checking premium for this policy