ICICI Lombard Accident insurance policy suggestion
I am frequently getting ICICI Lombard Family Shield accident insurance offer in my emails & it does kind of look fine so planning on taking it. If anybody has any ideas/suggestion/reviews about it then post here.
Policy Brochure:
https://kgfinserv.com/MaxBupa/4.%20ICICI%20Lomb...
Policy Schedule:
https://www.irdai.gov.in/ADMINCMS/cms/Uploadedf...
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100% correct
ICICI Lombard is the best, has a very good market cap, more than 12 years old, provides 2 yr waiting period(which is again lowest in industry)
Though the premium is a bit higher than others, make sure you read all TnC thoroughly
It’s the best. 🙂🙂
I am getting it for around 12k with 50 lakh SI for 3 years with family protection. I am planning on taking health insurance policy separately as that requires more analysis.
@jaybro In your opinion which health insurance policy is overall better, ICICI Lombard or Max Bupa as I read in @drjpatwa google spreadsheet that online reviews of Max Bupa are not good even though feature wise it is the best policy.
I don’t want any one to consider them, please do your own research. I found these are good and I have one rule. If you declare everything correct and have gone through every policy wordings before taking the insurance, you can’t be rejected by anyway, you can raise complaint to IRDAI if needed. Region specific and tie up with hospitals around you also make difference in some scenarios. I have many things to say but I can’t remember.
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1. Max bupa Reassure
2. Hdfc Ergo Optima Secure
3. Star Comprehensive
4. Care Plus
5. Icici Lombard
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Above order is not in priority, I just entered randomly.
@jaybro See this pdf policy wording of icici lombard complete health cover:
https://www.icicilombard.com/docs/default-sourc...
On p17 it mentions sub limits table which are less I think & one needs to have at least SI of 7 lakhs to avoid these sublimits.
Also there seems to be a new version of policy:
https://www.icicilombard.com/docs/default-sourc...
Both of the above currently available or the latest version only is available now?
What is 1A+1K mean in premium charts at the end of above pdf new version?
Still digesting that p17 part, they said A B C columns, but they didn’t mention base plan for each. Will review these PDFs in system tomorrow and let you know buddy. Not sure which one is new, I just selected some random values and got the below page. If you browse to this page, it has download brouchers at the end of the web page. Just check them once, let’s discuss.
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http://www.icicilombard.com/health-insurance/ge...
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A- adult and K – kid. It should be family floater policy, not an individual.
No idea about any health/accident policy. Am surrounded by people whose claim was rejected time and again by different insurers .. Some had to fight for it for 11 years before finally managing to get their dues. I have instead put that premium amount in sip of 1k per month since a long time which has now added up to the “sum insured”. I intend continuing with that.
Depends bro, yes, there are many chances to get the claim rejection. If we are genuine and declare every piece of information, most of the cases, they won’t be any problem. Investment in sips is very good option. But being insured up is also most important for every individual. Decision is upto you.
Before choosing any insurer, always the claim settlement ratio. The claim settlement ratio is lowest for private insurers.
22g aapne le li yeh policy?
Lombard is considered one of the best insurance providers in terms of their customer service. Their premiums are on the higher end but they’re known to be diligent during claims processing and don’t nitpick every minor infraction. . I have a similar cover provided via my employer so I can vouch for this. You can use turtlemint to compare insurance without sharing your email/phone.