ICICI Lombard’s ‘ELEVATE’ Plan: A Revolutionary Step in Personalized Health Insurance

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Synopsis:

• ICICI Lombard launches a new health insurance product called ‘Elevate’, which is powered by AI.
• ‘Elevate’ offers personalized health insurance plans that adapt to individual needs.
• Key features include Infinite Sum Insured, Infinite Claim Amount, and Power Booster Add-on.
• The product is designed to address concerns like medical inflation, unforeseen medical emergencies, and the need for comprehensive coverage.
• AI technology in ‘Elevate’ tailors policies based on customer inputs, ensuring each plan is unique.
• Add-ons like Infinite Assurance provide quick benefits for those with pre-existing conditions.
• ‘Elevate’ also includes 15 in-built covers, covering critical illnesses, personal accidents, maternity, and more.
• ICICI Lombard aims to set a new standard in health insurance with this innovative product.

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ICICI Lombard’s ‘Elevate’: A Game-Changer in Health Insurance

ICICI Lombard, one of India’s leading private general insurers, has introduced a groundbreaking health insurance product named ‘Elevate’. This new offering is set to transform the health insurance landscape in India with its unique features and AI-powered personalization, catering to the evolving needs of customers in an ever-changing world.

A New Era of Health Insurance

Health insurance is often seen as a safety net, but traditional plans can sometimes fall short when it comes to meeting the diverse and dynamic needs of individuals today. With medical costs on the rise and the unpredictability of life, there is a growing demand for insurance solutions that offer not just protection but also flexibility and customization.

This is where ‘Elevate’ steps in. ICICI Lombard’s latest product is designed to be more than just a health insurance plan. It’s a personalized, adaptive solution that evolves with the customer, ensuring that they are always covered, no matter the circumstances. The product is powered by advanced AI technology, making it the first of its kind in the industry.

Infinite Coverage: Never Run Out of Protection

One of the standout features of ‘Elevate’ is its Infinite Sum Insured option. This feature is a game-changer for those worried about exhausting their insurance coverage during a prolonged illness or multiple treatments. With Infinite Sum Insured, policyholders can rest easy knowing that their coverage will never run out, no matter how high their medical expenses might go.

But that’s not all. The Infinite Claim Amount add-on takes this protection a step further. This unique feature offers unlimited financial protection for a one-time claim during the policy’s lifetime, without considering the sum-insured amount. This means that even in the face of the most expensive medical treatments, customers won’t have to worry about financial strain.

Boosting Your Coverage with the Power Booster Add-on

In addition to its infinite coverage options, ‘Elevate’ also offers a Power Booster Add-on. This feature is designed to reward customers who maintain their health. With the Power Booster, policyholders receive a 100% cumulative bonus every year, regardless of whether they make a claim. This bonus continues to accumulate for an indefinite period, ensuring that the policy’s value keeps increasing over time.

For those who may face multiple claims in a year, the Reset Benefit is another valuable feature. This benefit allows for unlimited resets of coverage, ensuring that policyholders are never left without protection, even if they have to make several claims within a short period.

Addressing Pre-Existing Conditions with Infinite Assurance

One of the biggest challenges in health insurance has always been pre-existing conditions. Typically, insurers impose long waiting periods before coverage for these conditions kicks in. However, with ‘Elevate’, ICICI Lombard is changing the game. The Infinite Assurance add-on allows customers with pre-existing conditions like asthma, diabetes, hypertension, hyperlipidemia, and obesity to start benefiting from the policy after just 30 days. This is a significant reduction from the industry norm of a three-year waiting period.

AI-Powered Personalization: Tailoring Policies to Individual Needs

The most revolutionary aspect of ‘Elevate’ is its use of AI to create personalized health insurance plans. Traditional health insurance products often come with a one-size-fits-all approach, but ‘Elevate’ is different. By leveraging AI technology, ICICI Lombard has developed a system that interprets customer inputs to deliver coverage recommendations that are uniquely suited to each individual’s needs.

Whether you’re a young professional, a parent, or a retiree, ‘Elevate’ can tailor a plan that matches your lifestyle, health concerns, and financial goals. This personalized approach ensures that you’re not paying for coverage you don’t need while also providing extensive protection in the areas that matter most to you.

Comprehensive Coverage with Multiple Add-ons

Beyond the core features of Infinite Sum Insured and Infinite Claim Amount, ‘Elevate’ also comes with a host of other benefits. The product includes 15 built-in covers and multiple personalization options, making it one of the most comprehensive health insurance products available.

Among these options are covers for 20 critical illnesses, personal accidents, maternity and newborn care, and even accommodation and travel benefits for those who may need to travel for medical treatment. The policy also includes preventive care measures, an inflation protector, and air ambulance services, ensuring that customers have access to a wide range of services when they need them most.

For those who require additional care, ‘Elevate’ offers personalized home care services, allowing customers to recover in the comfort of their own homes with professional medical support. This is particularly beneficial for those with chronic conditions or those recovering from major surgeries.

Setting a New Standard in Health Insurance

ICICI Lombard’s ‘Elevate’ is not just another health insurance product; it’s a reflection of the company’s commitment to innovation and customer-centricity. By integrating cutting-edge technology and offering a level of personalization previously unheard of in the industry, ICICI Lombard is setting a new standard in health insurance.

Mr. Anand Singhi, Chief of Retail and Government at ICICI Lombard, emphasized the company’s dedication to meeting the needs of its customers in a rapidly changing world. “Elevate embodies our steadfast dedication to pioneering innovation and customer-centricity,” he said. “With add-ons such as ‘Infinite Care’ and ‘Power Booster,’ we have set a new standard in the health insurance industry, empowering our customers with unparalleled peace of mind.”

Conclusion: A Future-Ready Health Insurance Solution

In a world where medical emergencies and rising healthcare costs are a constant concern, ICICI Lombard’s ‘Elevate’ offers a future-ready solution that adapts to the needs of the modern consumer. With its infinite coverage options, AI-powered personalization, and a comprehensive suite of benefits, ‘Elevate’ is poised to become a benchmark in the health insurance industry.

Whether you’re looking for a plan that offers extensive protection or one that adapts to your unique health needs, ‘Elevate’ provides a level of flexibility and security that is hard to match. As ICICI Lombard continues to innovate and push the boundaries of what health insurance can offer, ‘Elevate’ stands out as a product that truly elevates the standard of care and protection for its customers.

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