We buy health insurance policies knowing the fact that most of us need medical care at some or the other point in life. But what if you exhaust the sum assured limit offered under your chosen plan? So it is always better to have a backup insurance cover that protects you from unexpected medical emergencies and exorbitant costs. ICICI Lombard Health Booster is one such coverage that takes care of expenses beyond the sum assured limit of your health insurance plan.
Features of ICICI Lombard Health Booster Plan:
| Entry age |
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| Policy Tenure | Health Booster plan is available in options of 1,2, or 3 years policy period |
| Annual Sum Assured | Rs.5 lakhs to Rs.50 lakhs |
| Renewability | Lifetime renewability |
| Medical check-up | No medical check-up is required for individuals below the age of 46 years and for insurance cover up to 10 lakhs |
| Claims |
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| Premiums | Premiums will depend on the sum assured, tenure, and the optional cover selected by the policyholder |
| Copayment |
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| Benefits |
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| Documents required for claim |
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| Permanent exclusion |
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| Tax Benefit | Health Booster plan offers tax benefits under Section 80D of the Income Tax Act |
| Free Look Period | The policy can be cancelled by giving a written notice within 15 days of purchase. |
Optional Covers:
The policy offers optional covers to supplement the list of services provided at the time of hospitalization. The purpose of these add-on covers is to enhance the range of protection offered under the Health Booster plan. You can choose any of the following optional covers:
Optional Cover 1:
Company shall pay a fixed sum of Rs.1,000 as daily cash benefits during the period of hospitalization. The hospitalization should be for a minimum period of 3 days and it should not exceed 30 days in a policy year. The policy also provides convalescence benefits in the event of hospitalization exceeding 10 consecutive days.
Optional Cover 2:
Under Optional Cover 2, you or your nominees will receive an amount equal to the sum insured offered against the optional benefit. It also features a Temporary Total Disablement (TTD) Rehabilitation Cover, the benefits of which shall be provided on a weekly basis for a maximum period of 10 weeks.
Optional Cover 3:
The company shall pay a lump sum amount on diagnosis of any of the critical illnesses listed under the plan. The policyholder must make sure that such conditions are reported within 30 days from the date of diagnosis. Once a claim under critical illness has been paid off, then the cover would terminate and it won’t be offered during future renewal of policy.
GST rate of 18% applicable for all financial services effective July 1, 2017.
Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.
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