India: ICICI Lombard's new product offers comprehensive coverage at a competitive price

| 07 Dec 2023

Called MaxProtect, the latest addition to its range of customer-focused products is tailored to align with the dynamic lifestyles of customers. The product is designed to provide a cost-effective, inflation-adjusted solution to address the healthcare requirements of both individuals and families.

MaxProtect offers a choice between two customer-centric insurance plans.

Firstly, the MaxProtect Classic plan provides comprehensive coverage, ensuring robust financial protection for various scenarios. It encompasses a range of medical services, including advanced treatments, donor expenses, hospital stays (excluding suites), unlimited sum insured reset benefits, domiciliary hospitalisation, and unlimited teleconsultation.

Secondly, the MaxProtect Premium plan stands out for its extensive features, such as global coverage, access to air ambulance services, and a unique claim protector feature.

Going beyond standard coverage, MaxProtect delivers a comprehensive and advanced level of protection, ranging from INR1 crore to INR10 crores, with an unlimited option available. Annual premiums start at INR9,367 for a floater policy worth INR1 crore covering two adults, approximately equivalent to INR26 per day, making it accessible to a broad range of customers. Notably, MaxProtect preserves the accrued no-claim bonus, which remains with the customer even in case of future claims, ensuring ongoing peace of mind throughout the insurance term. 

Mr Girish Nayak, Chief – Technology, Health UW & Claims, ICICI Lombard, said, “We have always been at the forefront of providing our customers with simple and technologically enabled risk solutions to their specific needs. MaxProtect embodies our dedication to providing holistic health insurance solutions that effortlessly align with the ever-changing requirements of our customers.”

“With its health coverage ranging from INR1 crore to INR10 crore at budget-friendly premiums from as low as INR26/day and ground-breaking innovations such as Anywhere Cashless, MaxProtect envelops you in a unique cocoon of reassurance, ensuring unwavering support in times of medical need,” he said, reported Mint.