ompare Term Insurance Plans to buy the best Life Insurance

Policy

Term Insurance is the simplest form of insurance designed to provide a risk cover on
the life of the insured for a defined number of years (the “term” of the Policy). Term
Insurance provides for a payment of the amount insured in the event of death of the
Insured person to the beneficiaries and next of kin. Compare Life Insurance policies
of all the leading Term Insurance Company in India.

There are no survival benefits associated with Term Insurance policies i.e. you do not
receive any of the premium back once the policy term expires. Term Insurance
provides high financial protection at a minimal cost.

On the other hand, Term with Return of Premium provides that on maturity of the
Policy, some or all of the Premiums paid during the life of the policy are paid back.
(Note: Policy maturity is only at the end of the term). The premiums paid on Return of
Premium policies are invariably significantly higher than pure term insurance policies.
Term Insurance Premiums increase with Age – the older the person, the higher the
premium. One a term insurance policy has been issued, the premiums will not
increase over the term. It makes sense to buy a term insurance policy at an early
date – since premiums are lower when you are younger, the longer the term the
more money you save.

One should consider Term insurance to provide financial support and replace lost
income for your dependents and family in the event of your death, especially if you
are the primary earner for the family. At the same time, Term Insurance should also
be used to ensure that your liabilities (e.g. home or business loans), if any, are paid
without imposing an additional financial burden on your dependents if and when you
are not around.

Premiums paid on Term Insurance are eligible to tax deduction under section 80C.
Please click here for details of tax benefits available.

We help you get information, compare prices and apply online for Term Insurance
plans from leading term insurance companies in India. Save money and time by
comparing best Term Insurance plans available in India. Use our tools and calculators
for insurance planning and to determine how much insurance is adequate for you.

View our i-save Ratings for Term Insurance Plans which provide a comprehensive
relative ranking of term insurance plans, across the three key parameters of cost to
customer, product features and benefits, and the insurer's service data. For details of
i-save Ratings for Term Insurance, click here.

Read our Life Insurance blogs, Guides and FAQs to get the information you need to
understand term insurance benefits and features to make an informed decision.

Remember Term Insurance is a simple, transparent and cheap product to help you
secure your family’s future and provide financial protection to your loved ones.

Family Floater Health Insurance from ICICI Lombard offers you the best of both world’s
by taking care of your family’s health while helping you save on your taxable income.
Secure your family against financial emergencies during sudden illness, surgery and
accidents as well as against terrorist activities.

Family Floater Health Insurance plan lets you share the entire sum insured among the
family members covered under the policy, without any individual upper limits.
Understand the Floater Concept
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Example

The Prakash Family is covered under a traditional health insurance plan with individual policies, of which Mr. Prakash
is separately covered for 2 Lakhs, his wife for 1 Lakh, their son and daughter for 50,000 each. They have paid
premium for all these four policies separately. In an unforeseen situation, wherein surgery and post hospitalisation bill
of their son amounts to 1.30 Lakhs, the existing policy will cover only 50,000, while Mr. Prakash will have to bear
the balance 80,000 from his pocket. However, with Family Floater Health Insurance plan, each member of the
Prakash family can utilize the entire sum insured of 4 Lakhs. Thus in the above situation, Family Floater would have
covered the entire amount of 1.30 Lakhs of medical expenses of his son.

Policy Details

Key Benefits

• Comprehensive coverage for your family with floater benefit

• Cashless claims facility at over 4,000+ network hospitals across India
• Continue to enjoy quality service even during claim settlements with - ICICI
Lombard Health Care - our own in-house health claim processing and wellness
team
• No sub-limits on room rent, doctor fees, and hospital charges or for
any disease (except Cataract where 20,000 per eye is applicable).
• No co-payments for any disease or any hospitalisation expenses

 Now get a Freehealth check-up coupon for any one insured family member, valid for
the policy period

Know more about key benefits

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Key Benefits

• Comprehensive coverage for your family with floater benefit

• Cashless claims facility at over 4,000+ network hospitals across India
 • Continue to enjoy quality service even during claim settlements with - ICICI
Lombard Health Care - our own in-house health claim processing and wellness
team
• No sub-limits on room rent, doctor fees, and hospital charges or for any disease*
• No co-payments for any disease or any hospitalisation expenses
• Now get a Free health check-up coupon for any one insured family member, valid
for the policy period
• No health check-up up to the age of 45 years (age as on last birthday)
• Avail tax benefits under Section 80D of the Indian Income Tax Act 1961**
• Buy Online and pay in EMIs without any extra charges***
• Options for one or two year covers (auto renewal) available
• Get additional Sum Insured for every claim free year
• Keep your family secured even against expenses for hospitalisation due to
terrorist
activities

* Except Cataract where 20,000 per eye is applicable

** Tax benefits are subject to tax laws. Click here to calculate your tax saving
*** EMI facility available only for ICICI Bank, Citibank and HDFC Bank (up to 6
months) credit card
customers at the sole discretion of the Banks.

Note: EMI option subject to minimum annual premium of 10,000. Click here to know
more.

What is covered

• Medical expenses incurred as an inpatient during hospitalisation for more than

24 hours, including room charges, doctor/ surgeon's fee, medicines bills, etc
• Medical expenses incurred 30 days prior and 60 days post hospitalisation
• Day Care expenses incurred on named advanced technological surgeries and
procedures requiring less than 24 hours of hospitalisation. (Including Dialysis,
Radiotherapy and Chemotherapy)

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What is covered

• Medical expenses incurred as an inpatient during hospitalisation for more than

24 hours, including room charges, doctor/ surgeon's fee, medicines bills, etc
• Medical expenses incurred 30 days prior and 60 days post hospitalisation
 • Day Care expenses incurred on named advanced technological surgeries and
procedures requiring less than 24 hours of hospitalisation. (Including Dialysis,
Radiotherapy and Chemotherapy)
• Pre-existing diseases can be covered after four continuous years of coverage with
the Company*
• This policy also covers you for hospitalisation in case of Swine Flu / H1N1
influenza**

* Conditions Apply
** If it's not a pre-existing illness

Terms of Renewability

Your Family Floater Health Plan can be renewed instantly. Click here to know more.

View Premium Table

For complete details, refer to the Policy Wordings.

What is not covered

Exclusions valid for the first 30 Days

• Any illness contracted within 30 days of the inception date of the Policy, except
those
that are incurred as a result of an accident. This clause is not applicable on the
subsequent renewals

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What is not covered

Exclusions valid for the first 30 Days

• Any illness contracted within 30 days of the inception date of the Policy, except
those
that are incurred as a result of an accident. This clause is not applicable on the
subsequent renewals

Exclusions valid for the first 2 Years

• Treatment of the following diseases/illness/ailments:

• Cataract
 • Benign Prostatic Hypertrophy
• Myomectomy, Hysterectomy unless because of malignancy
• Hernia, Hydrocele
• Fistula in Anus, Piles
• Arthritis, Gout, Rheumatism
• Joint replacement, unless due to accident
• Sinusitis and related disorders
• Stone in the urinary and biliary systems
• Dilatation & Curettage
• Skin and all internal tumors / cysts / nodules / polyps of any kind, including breast

lumps, unless malignant / adenoids and hemorrhoids

• Dialysis required for chronic renal failure
• Surgery on tonsils, adenoids and sinuses
• Gastric and duodenal ulcers

If the Policy is renewed with us for two consecutive years, the above diseases / illness /
ailments will be covered from the third year. If these are pre-existing diseases at the
time of inception of the policy, the same will be covered after the fourth year onwards,
subject to continuous renewal of the policy with us.

Permanent exclusions

• Any illness/ disease/ injury/ pre-existing disease before the inception of the
policy.
However, this exclusion ceases to apply if the policy is renewed with the
Company
for 4 consecutive years
• Non-allopathic treatment, pregnancy and childbirth related complications,
cosmetic,
aesthetic and obesity related treatment
• Expenses arising from HIV or AIDS and related diseases, use or misuse of liquor,
intoxicating substances or drugs as well as intentional self injury
• War, riots, strike, nuclear weapon, induced treatment

For details, kindly refer to Policy Wordings.

Eligibility

• The customer can buy the policy for any family member(s) children and / or
parents
• The senior most person to be insured should be between 5 to 60 years of age.
(Persons aged 60 and above can consider our Health Advantage Plus plan, in
which the age of the senior most person is up to 65 years)
 • The Proposer needs to be aged above 18 years

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Eligibility

• The customer can buy the policy for any family member(s) children and / or
parents
• The senior most person to be insured should be between 5 to 60 years of age
• The Proposer needs to be aged above 18 years
• To cover children aged between 91 days to 5 years, the policy must also cover at
least 1 adult under the same policy
• Children under less than 91 days old cannot be covered
• Individual(s) proposed for Insurance whose age is 46 years & above have to
undergo medical tests at ICICI Lombard designated diagnostic centers
• The policy cover is renewable till the age of 70 years
• Income Tax benefits u/s 80D can only be availed for policies bought for Self,
Spouse,
Children or Parents
• Floater benefit under the policy is available up to the age of 60 years. All floater
policies thereafter will be renewed under individual plan up to the age of 70 years

For details, kindly refer to Policy Wordings.

Claims

Identify your Service Provider

Refer to your cashless claim card and check the logo displayed to determine
your service provider

Click to view the various service providers

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Claims

Identify your Service Provider

Refer to your cashless claim card and check the logo displayed to determine your service
provider
 • ICICI Lombard Health Care
• TTK Healthcare TPA Private Limited
• Medi Assist India Pvt. Ltd.
• MD India Healthcare Services (TPA) (Pvt.) Ltd.
• Paramount Health Services Pvt. Ltd.
• E Meditek Solutions Ltd.
• Family Health Plan Ltd.
• Raksha TPA Pvt. Ltd.
• Health India TPA Services Private Limited
• Dedicated Healthcare Services (India) Private Limited
• Alankit Health Care Limited
• Vipul Med Corp TPA. Pvt. Ltd.
• Park Mediclaim Consultants Private Ltd.
• Safeway Mediclaim Services
• Anmol Medicare Ltd.

Health Insurance and You

What is health insurance?

A health insurance policy will provide a cover to you and your family against sudden
medical contingency or bodily injury.

Why health insurance?

Every human being is exposed to various health hazards.
Medical emergency can strike anyone without pre-warning.
Inadequate facilities in government hospitals
Private hospitals are too expensive
Medicines have become quiet expensive
Diagnostic charges are beyond common man’s reach
Specialists come at a price
Tax benefit under section 80 D of the Income Tax Act
Health risk is a personal risk, wh ich could arise from various factors viz.
a) Physical condition
b) Psychological condition
c) Accident related
d) Occupational related
e) Environment related
f) Life style related
g) Travel related

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