ICICI Lombard Health Insurance Renewal

Your renewal premium depends on various factors that are listed below:

• Claim History: Your history of making health insurance claims, especially for crucial medical expenses, can influence the cost of renewing your ICICI Lombard insurance policy. This implies that regular claims might result in a higher renewal premium.
• Age: As you get older, there is a higher chance that your ICICI Lombard renewal premium will go up. In the insurance industry, it's a general rule that the older you are, the more you might need to pay as a premium.
• Policy Changes: If you make any changes or modifications to your ICICI Lombard medical policy, it could lead to an increase in what you pay at the time of policy renewal.
• Inflation Impact: Changes in the industry due to inflation can affect your renewal premium. ICICI Lombard General Insurance Company Limited might adjust your health insurance policy renewal premium to match the increasing costs in healthcare.

To stay updated on the renewal date and reminders for ICICI Lombard medical insurance, the following are the details that you must know:

How to Check the Renewal Date?

To ensure you don't miss the renewal date, follow these steps:

• Locate Your Renewal Date: Start by thoroughly examining your ICICI Lombard policy document. Your policy renewal date is crucial, and this is usually the expiration date of your existing policy.
• Online Verification: Another way to stay on top of your renewal date is by checking either the InsuranceDekho or ICICI Lombard health insurance website. By logging in and entering the necessary information, you can access your policy details, including the expiry date or renewal date of your health insurance coverage.
• Customer Support Assistance: For added assistance, you can reach out to the customer support team of InsuranceDekho or ICICI Lombard. Their dedicated customer support teams are available to answer your queries and provide guidance on when and how to renew your policy.
  Note: In case you happen to forget the renewal date for your ICICI Lombard health insurance policy, don't worry. You still have an opportunity to renew it during the Grace Period offered by the insurer.

*Grace period refers to the extra time provided by an insurance company to policyholders after the payment deadline has passed so they can renew their coverage without incurring fines or having their policy lapse. The timeline of the Grace period differs from insurer to insurer.

Reminder Options

You can effortlessly manage your health insurance policy renewal date with these convenient reminder options:

• InsuranceDekho Reminder: With InsuranceDekho, you'll receive timely WhatsApp messages or emails reminding you about your ICICI Lombard health insurance renewal date.
• Insurer's Email or SMS: You can also receive informative emails straight from ICICI Lombard outlining your health insurance renewal details.

Why renewing your ICICI Lombard health insurance policy is a good idea:

• No Claim Bonus Reward: If you go without making a health insurance claim, you earn a No Claim Bonus (NCB) reward as a gift from the insurance company for maintaining good health. This reward can help in lowering your renewal premium.
• Discounts for Long-Term Commitment: Committing to longer policy durations can provide you with a long-term tenure discount. This discount or reduced premium payment is a way of acknowledging your loyalty.
• Shorter Waiting Periods: Upon renewing your health insurance policy, certain insurers provide the advantage of reduced waiting periods. This implies that the waiting period for particular treatments or pre-existing conditions may be either shortened or eliminated.
• Continued Protection: Renewing your ICICI Lombard health insurance ensures uninterrupted coverage and provides you a consistent protection against unexpected health expenses.
• Free Health Checkup: Renewing your medical insurance policy might offer you the advantage of a free health checkup, allowing you to monitor your well-being without worrying about additional costs.
• Wellness Benefits: Beyond just covering you, your insurance might also provide some extra benefits, like "Wellness Benefits" at the time of policy renewal, but only if you stay fit and healthy.

The following are the consequences of not renewing your ICICI Lombard health insurance policy:

• Loss of Health Coverage: If you forget to renew your health insurance, you will lose the protection it offers. This means you won't have help paying for medical expenses, and you might have to pay for all your medical expenses out of your own pocket.
• Risk of Pre-existing Condition Exclusion: If you don't renew your medical insurance, there's a chance that certain health issues won't be covered in the future.
• Waiting Period: If you let your policy lapse by not renewing it on time, you will lose the benefits you gained during the waiting period. This means that you might have to wait longer or even miss out on coverage for certain conditions.
• Financial Risks: Without health insurance coverage, you could face serious financial problems. You might have to pay all the costs of your medical treatments, which can strain your finances. Moreover, it could impact your money situation in the long run.
• Reapplication Process: Missing the renewal deadline means you'll have to go through a long and complicated process to get your insurance back. Plus, the new policy might cost more based on your current health.

The factors that one must keep in mind while renewing a health policy are mentioned below:

• Verify Policy Details: It's important to thoroughly review and verify all the details mentioned in your ICICI Lombard insurance policy at the time of renewal. Remember to check for accuracy in personal information, coverage limits, policy terms, and any additional riders. Discrepancies, if any, should be rectified to ensure that your policy reflects your current healthcare needs accurately.
• Utilise No Claim Bonus (NCB): If you have not made any claims during the previous policy term, you may be eligible for a No Claim Bonus (NCB) discount. This is a reward from the insurance provider for responsible and claim-free behavior. Make sure you understand the NCB terms and utilise the discount to reduce your premium costs when renewing the policy.
• Review Waiting Periods: Insurance policies often have waiting periods for certain coverage, especially for pre-existing conditions or specific treatments. During policy renewal, understand these waiting periods to know about such limitations or restrictions.

Documents Required For Renewal

To renew your ICICI Lombard medical insurance, make sure you have the following documents ready:

• A completed and signed Policy Renewal Form
• Identification Proof, which could be your Aadhaar Card, Voter ID, or Passport
• Address Proof, such as a Rental Agreement or Utility Bill
• Medical Check-up Reports
• Details from your previous policy
• Income Proof (for policies with a high sum insured)
• Your Claim History

When you decide to renew your ICICI health insurance policy, you have the flexibility to make the payment through various modes, including:

• EMI (Equated Monthly Instalments)
• Credit Card
• Debit Card
• Digital Payment Applications, if applicable

ICICI Lombard health insurance policy can be renewed in two different modes - Online & Offline:

Online Procedure

If you are choosing the online mode to renew your ICICI Lombard policy, you can do it either through the InsuranceDekho website or directly from the insurer website:

Online Procedure of ICICI Lombard Health Policy Renewal with InsuranceDekho

To successfully renew your Health Insurance policy through InsuranceDekho, follow these steps:

Step 1: Begin by visiting the official InsuranceDekho website and navigate to the "Support" section in the top bar. [1]

Step 2: From the dropdown list, select "Renew Policy".

Step 3: Enter your mobile number in the designated field and click "Send OTP".

Step 4: After receiving the OTP, log in and access all the details of your ICICI Lombard medical insurance policy.

Step 5: Hit the "Renew" button to initiate the policy renewal process.

Step 6: Complete the renewal premium payment to finalise your policy renewal.

After the successful payment, your insurance policy will be renewed and you will be notified of the same via email or SMS.

Online Procedure of ICICI Lombard Health Policy Renewal via the Official Site

To renew your ICICI Lombard health insurance policy online, follow these steps:

Step 1: Go to the dedicated health policy renewal page on the official ICICI Lombard website. [2]

Step 2: Select the “Renew With” option from the dropdown list and enter your ICICI Lombard health policy number, which can easily be found in your policy document.

Step 3: Next, click on the “Proceed” button, review certain changes, and make the premium payment.

Step 4: After making the payment successfully, your ICICI Lombard policy will be renewed.

Why Renew with InsuranceDekho?

• Unbiased Guidance: You can trust InsuranceDekho for fair and unbiased insurance advice as we provide you with recommendations that genuinely suit your requirements.
• Timely Renewal Reminders: We keep you informed with our timely renewal reminders so that you don't miss out on renewing your ICICI Lombard health insurance.
• Continuous Support: You can rely on us for a seamless experience when renewing or modifying your policy.
• Porting Option: If you're not satisfied, you can take advantage of InsuranceDekho's port feature which allows you to switch to a different insurance provider without any hassle.

Offline Procedure

The offline procedure to renew your health insurance policy offers two alternatives that are listed below:

• Home Assistance via InsuranceDekho: Choose a home assistance service by requesting a visit from InsuranceDekho's Relationship Manager, who will guide you through the renewal process.
• Visit the Insurer's Local Office: Alternatively, you can decide to visit the local branch office of ICICI Lombard in your city. The company's staff will assist you at the branch and will make the renewal process less complicated for you.

The details to be considered at the time of renewing an expired ICICI Lombard Health Insurance policy are as follows:

• Eligibility: ICICI Lombard offers a grace period of 15 - 30 days for policy renewal, allowing policyholders to renew their medical insurance policies even after the policy due date.
  *The specific duration of the grace period may vary based on the chosen policy, generally ranging between 15 to 30 days.

• Condition: If your health insurance policy lapses and you renew it within the grace period, it's important to note that there will be a gap in coverage between the expiry date and the renewal date. This means that any medical expenses incurred or claims made during this interval won't be covered by the insurance company.
  Example: Suppose your ICICI Lombard health policy expires on the 5th of June, and the grace period extends until the 20th of June (assuming a 15-day grace period). If you renew your health insurance policy on the 15th of June, there will be no coverage provided for the period from the 5th to the 14th of June. During this gap period, the insurance provider won't be liable for any claims or expenses incurred.

• Premium: The renewal premium of ICICI Lombard medical policy will remain the same unless you make any modifications to your existing policy, like opting for riders or changing cities. Moreover, the change in the age slab can also affect the premium amount.
• Renewal Process: The process of renewal will remain the same as explained in the previous section.

If you're not satisfied with your current insurance provider, here are some steps you can take:

• Discuss Issues: When the InsuranceDekho renewal team reaches out to you, take time to discuss all the problems that you're facing. This will help you solve your issue to some extent and you can even ask the concerned person to make necessary changes to your policy in a way that the policy better suits your needs.
• Port Feature: Alternatively, you can use InsuranceDekho's port feature to shift your existing health insurance policy to a different insurer of your choice.
• Talk to an InsuranceDekho Advisor: Last but not least, you can consider talking to an InsuranceDekho advisor for personalised assistance. You can email them at support@insurancedekho.com or give them a call at +91-7551196989 [3].

Here’s a list of the top common myths related to policy renewal:

Myth 1: Renewing Policy Before Expiry is a Waste of Money

Fact: Many people think that renewing their health insurance policy before it actually expires is a waste of money. But the truth is, renewing early doesn't cost you extra. Even if you renew before the expiry date, the policy will still be valid until the original expiry date. So, you don't lose anything by renewing early.

Myth 2: Premiums Always Increase with Each Renewal

Fact: Some policyholders believe that health insurance premiums go up every time they renew their policy. But that's not entirely true. The reality is that premiums don't automatically increase. Changes in factors like age groups or specific situations, such as moving from a smaller city to a bigger one, or adding extra coverage can affect the premium.

Myth 3: No Need to Review Policy Terms During Renewal

Fact: People think that once they have a policy, the terms remain the same forever. But that's not the case. Insurance policies can change, and it's crucial to review them during renewal. This will ensure that you are aware of all the modifications and that your coverage still meets your current healthcare needs.

You can contact the customer support teams of the ICICI Lombard Health Insurance and InsuranceDekho in case you need any assistance. The contact information for both is provided below:

Contact ICICI Lombard Health Insurance

• Reach out to the ICICI Lombard Customer Support team at 18002666, available 24*7
• If you're a current customer of the former Bharti AXA General Insurance, please contact the customer support helpline at 1800 103 2292
• Send an email to customersupport@icicilombard.com
• Request a Callback
• Utilise the Live Chat button for assistance [4]

Contact InsuranceDekho

For any assistance with renewing your ICICI Lombard health insurance policy, reach out to InsuranceDekho's customer support team:

• Email: support@insurancedekho.com
• Helpline: Call 755 1196 989 [3]

1. https://www.insurancedekho.com/
2. https://www.icicilombard.com/renew-policy-online#/AllRenewal
3. https://www.insurancedekho.com/contact-us
4. https://www.icicilombard.com/health-insurance/renew-online#/Health