ICICI Lombard General Insurance

Key Features

Claim Settlement Ratio 87.71%

Claim Settlement Facility 100%

Network Hospitals 6700

Renewability 100%

COVID-19 Cover Yes

Incurred Claim Ratio 72%

About ICICI Lombard

ICICI Lombard is the leading general insurance company in India. It was formed as a joint venture between ICICI Bank, the leading and second largest private sector bank in India and Fairfax Financial Holdings, a financial services company based out of Toronto, Canada. ICICI Lombard was established in the year 2001 after receiving a general insurance license from the Insurance Regulatory and Development Authority of India.


ICICI Lombard health insurance plans

Sum insured

The minimum and maximum sum insured under the ICICI Lombard health insurance plan is ₹3 lakhs and ₹ 50 lakhs.

Benefits of ICICI Lombard health insurance

ICICI Lombard complete health insurance policy has no sub limits on hospital room rent. Customers can opt for any of the hospital rooms, even a private ward and the insurance company will bear the expenses for the same. The maximum amount of liability of the insurance company under this section is the sum insured under the policy.

Key Statistics of ICICI Lombard

  • 6700+ health care network hospitals and service providers
  • 24*7 customer support

Claim Settlement Process

ICICI Lombard has introduced IL take care app to report the claims. The app can be downloaded and claims can be reported directly from the app which would generate a claim intimation number. The claim intimation number can be quoted in future for the claim settlement.


Health insurance is the most important thing at the time of financial planning. Health insurance would help you to reduce your financial outgo in case of hospitalization. The hospitalization expenses can run into lakhs and it would be difficult for a person to arrange such an amount in a very short period of time. The health insurance policy can be availed on payment of premium.