Elevate from ICICI Lombard is a comprehensive health insurance plan defined by its flexibility and powerful optional covers. Unlike traditional policies, the base coverage is designed to be personalized with an array of add-ons that allow you to customize your protection based on your life stage and health risks.
The plan’s highlights include the option to upgrade to unlimited cover (via the Infinite Care add-on), secure an unlimited cumulative bonus (Power Booster add-on), and achieve a faster reduction of waiting periods for pre-existing diseases (PED) through the Jumpstart add-on. This unique structure makes ICICI Lombard Elevate a highly competitive, feature-rich health insurance product.
Quick Overview: ICICI Lombard Elevate Overview
| What’s Good? | What’s Not Good? |
| Reset Benefit: 100% Sum Insured restored unlimited times in a policy year for subsequent claims (related and unrelated illness). | Base Plan Limitations: The base plan includes a limit on non-medical consumables, requiring the Claim Protector add-on for full coverage. |
| Customizable Waiting Period: Jumpstart Add-on reduces PED waiting period to 30 days for chronic diseases like Diabetes and Hypertension. | Maternity Cover Limit: The Maternity Benefit add-on covers expenses only up to ₹1 Lakh (max), which may be insufficient for high-end hospitals. |
| Unlimited Cover Option: Infinite Care Add-on provides an unlimited claim amount for one claim over the lifetime of the policy. | Co-Payment: The base plan has no mandatory co-pay, but if you opt for the Network Advantage discount, a 20% co-pay applies outside the Preferred Provider Network. |
| Power Booster Add-on: Provides a 100% cumulative bonus every year, irrespective of claims, for an indefinite period. | Standard Waiting Periods: Without add-ons, PED waiting period is 3 years and specific disease waiting period is 2 years. |
Pricing and Insurer Track Record
This reflects the company’s market presence and service delivery.
| Detail | ICICI Lombard General Insurance Company Limited |
| Founded in | 2001 |
| Partners | ICICI Bank Ltd. and Fairfax Financial Holdings Ltd. |
| Claim Settlement Ratio (FY 2023-24) | ~94.42% (Settled by Number) |
| Network Hospitals | 10,600+ |
Detailed Product Overview of ICICI Lombard Elevate + Key Ad Ons
To truly appreciate the ICICI Lombard Elevate benefits, one must look closely at its innovative structure. The policy is built with an AI-powered core that allows unprecedented levels of customization, moving beyond the fixed benefits of standard health plans. The base cover provides protection for a Single Private AC Room and covers extensive Pre- and Post-Hospitalization expenses for 90 days and 180 days, respectively.
However, the policy’s real power is unlocked through its add-ons. The Jumpstart Add-on is a game-changer for individuals with common chronic conditions like diabetes or hypertension, as it can reduce the waiting period for these specific conditions to just 30 days. This makes the ICICI Lombard Elevate a unique option for those seeking a PED waiting period reduction.
Furthermore, the Reset Benefit is exceptionally generous, restoring the Sum Insured unlimited times in a year for subsequent claims. Coupled with the Power Booster Add-on, which doubles your SI annually regardless of claims, this plan addresses the financial risk of high medical inflation and multiple health events within a single policy year.
| Product Benefits | Limits and Exclusions (ICICI Lombard Elevate Base Plan) |
| In-patient Hospitalization | |
| ICU Rent Limit | No limit (Covered up to Sum Insured) |
| Room Rent Limit | Single Private AC Room (Base Plan) |
| Pre & Post Hospitalization | |
| Post-hospitalization expenses covered for | 180 Days |
| Pre-hospitalization expenses covered for | 90 Days |
| Day Care Treatment | All treatments covered (Not limited by a list) |
| Restoration Benefit (Reset) | 100% SI restored unlimited times in a policy year, for subsequent claims (related and unrelated illness). |
| Cumulative Bonus (Loyalty) | 20% increase per claim-free year, max up to 100% of Base SI. |
| Modern Treatment | Covered up to Sum Insured. |
| Bariatric Surgery | Covered up to Sum Insured. |
Frequently Asked Questions
1. What is the Jumpstart Add-on, and how does it reduce the waiting period?
The Jumpstart Add-on is a key feature of ICICI Lombard Elevate that can significantly reduce the standard 3-year Pre-Existing Disease (PED) waiting period. For specific chronic conditions (like Asthma, Diabetes, Hypertension, etc.), this add-on can bring the waiting period down to as little as 30 days. This is crucial for anyone looking for PED waiting period reduction.
2. How does the Reset Benefit differ from a standard restoration?
The Reset Benefit in ICICI Lombard Elevate is superior because it offers unlimited restoration of the Sum Insured multiple times within the policy year. Standard plans usually restore the SI only once and often only for unrelated illnesses. Elevate’s feature applies to both related and unrelated illnesses after the first claim.
3. What is the Power Booster Add-on?
The Power Booster Add-on is an optional cover that provides a 100% Cumulative Bonus on the Sum Insured every year, regardless of whether you make a claim or not. This is an industry-leading feature that can rapidly increase your overall coverage amount.
4. Does the ICICI Lombard Elevate plan offer coverage for non-medical expenses?
No, the base plan generally does not cover non-medical consumables (e.g., gloves, masks). However, you can opt for the Claim Protector Add-on which specifically covers these otherwise non-payable items, preventing proportionate deduction on your hospital bill.
5. Is the ICICI Lombard Elevate policy available for me to buy online?
Yes, you can easily buy ICICI Lombard Elevate online through the insurer’s website or authorized platforms. The policy offers both Individual and Family Floater options.
6. What is the Infinite Care Add-on?
The Infinite Care Add-on is an optional benefit that provides an unlimited claim amount for a single claim over the lifetime of the policy. This feature is designed to protect against a catastrophic, life-threatening event that might exceed the highest Sum Insured options.
7. What are the tax benefits on the premium paid for this plan?
Premiums paid for the ICICI Lombard Elevate policy are eligible for tax deduction under Section 80D of the Income Tax Act, 1961 (up to ₹25,000 for self/family and an additional ₹50,000 for senior citizen parents, subject to prevailing tax laws).
8. Does the Elevate plan cover treatment abroad?
The standard ICICI Lombard Elevate plan does not cover medical treatment outside India. However, this coverage can be added by opting for the Worldwide Cover Add-on for an additional premium.
9. What is the room rent limit on the base Elevate plan?
The base plan restricts coverage to a Single Private AC Room. If you choose a higher category room (like a suite or deluxe room), you may incur proportionate deductions on your entire claim bill. You can upgrade this room restriction using the Room Modifier Add-on.
10. Does the policy cover the newborn baby?
Yes, the base plan includes the New Born Baby Cover which covers expenses for the newborn from the 91st day, subject to the mother having opted for the Maternity Benefit Add-on.
📝 Important Disclaimer & Disclosure
Please Read Before Proceeding: The information provided in this blog post about ICICI Lombard Elevate is for informational and educational purposes only. This content is based on our interpretation of publicly available policy brochures and general market research as of November 2025.
- Not Financial Advice: This is not insurance or financial advice. Always consult with a certified financial advisor or insurance expert before making any purchase decisions.
- Policy Wording is Final: Features, limits, premium rates, exclusions, and waiting periods are subject to change. The final, legally binding terms and conditions are those stated in the official Policy Wording document issued by the insurer. Please review this document thoroughly before committing to a plan.
- Tax Disclaimer: Tax benefits are subject to changes in the Income Tax Act, 1961. Consult a qualified tax professional to confirm current tax implications for your specific financial situation.
