ICICI Lombard General Insurance Co. Ltd. Elevate

Family Floater PlansHealth Insurance

9.2RiskPe Score

Entry age: 18-125 years (adults)
Sum insured: Rs 5 lakh - Unlimited
Network hospitals: 10,500+ cashless (verify)
Pre/post hospitalisation: 90 / 180 days
Restoration: Unlimited (add-on)
Room rent: No limit

What is this plan?

Elevate is ICICI Lombard's answer to the new generation of feature-rich floaters, and it goes further than most: with the infinite care add-on, your sum insured resets any number of times in a year — even for the same person, even for the same illness. That converts a Rs 10 lakh policy into practically unlimited annual cover for sequential emergencies.

The Power Booster guaranteed bonus compounds your cover every year without the usual 100% or 200% ceiling. Structure it right (RiskPe can help) and Elevate is arguably the strongest long-term floater on the market today.

Inbuilt coverages

In-patient hospitalisationRoom, ICU, surgery and doctor charges

Day care & robotic surgeryModern treatments including robotic and laser procedures

Road & air ambulanceEmergency transport cover

Pre & post hospitalisation90 days before and 180 days after

AYUSH treatmentAlternative medicine hospitalisation

2 Hour HospitalizationCovers 2+ Hours of hospitalization

Available add-ons

Infinite care (unlimited reset)

Sum insured resets unlimited times, same illness allowed

Premium impact: Approx 10-15% extra

Power Booster

Recommended

Guaranteed 100%/year bonus upto infinite

Premium impact: Approx 8-12% extra

Jumpstart

Cuts PED waiting period to covered from 31st day

Premium impact: Varies with health profile

Worldwide Cover

Access the advanced global medical healthcare a

Premium impact: 2 Years waiting period

Claim Protector

Recommended

Consumable cover for non payble items used in hopitalization like gloves, syringes, etc.

Premium impact: Approx 8-12% extra

Health Checkup

PAcnkage up to 0.5% of SI or 5000 rs whichever is lowest

Premium impact: 3000-2500 rupees extra

Waiting periods

Initial waiting period (all illnesses except accidents)30 days

Specific illnesses (hernia, cataract, joint replacement etc.)2 years

Pre-existing diseases (PED)3 years

Diabetes, HTN, Cardiac conditions unless PED3 Months

Maternity Waiting Period2 Years

What is not covered

Permanent exclusions

Cosmetic or plastic surgery unless required after an accident
Self-inflicted injuries and substance abuse treatment
Adventure sport injuries while participating professionally
Unproven or experimental treatments
War, nuclear risks and breach of law with criminal intent

Removable with add-ons or after waiting periods

Pre-existing diseases (covered after the PED waiting period)
Maternity expenses (covered under maternity add-on where offered)
OPD consultations and pharmacy bills (covered under OPD add-on where offered)

Fine print, decoded

Restoration / recharge benefit

If your cover is used up during the year, the insurer refills it. Check whether it refills for the SAME illness or only unrelated ones, and whether it works on the first claim.

Add-on dependence

Elevate's famous 'unlimited' features are optional add-ons. Two quotes for 'Elevate' can be very different products — always compare the add-on list, not the plan name.

Co-payment

The percentage of every claim you must pay from your own pocket. A 20% co-pay on a Rs 2 lakh bill means Rs 40,000 is yours to bear.

Maternity Cover

It is not inbuilt cover. need to take from add ons.

Claim settlement record

95.5%

Claim settlement ratio

Source year: IRDAI-linked FY 2025-26 figures (verify against latest annual report) — always verify the latest IRDAI data before deciding.

RiskPe recommendation

9.2

out of 10, scored by RiskPe advisors on coverage quality, value for money, claims record and fine-print fairness

Elevate arrived in 2023 with two industry-shifting features: an infinite reset of the sum insured (usable for the same illness, same year) and 'Power Booster' guaranteed cumulative bonus that keeps growing every year without cap. Backed by ICICI Lombard's claims infrastructure, it is a top-tier pick; some headline features are add-ons, so quote carefully.

What it does well

Infinite sum insured resets in a policy year — effectively unlimited cover for multiple events
Power Booster bonus grows 100% every year with no upper cap
Strong cashless network and digital claims experience
Optional 'jump start' reduces PED waiting

Where it falls short

Reset and booster are chargeable add-ons on some variants — the base plan is ordinary without them
Premium loading in higher zones

Who should buy this plan

Buyers who want the strongest possible long-term cover and will pay for the right add-ons
Families with history of repeated hospitalisations in a year
Digital-first buyers who value app-based cashless claims

Who should not buy this plan

Budget buyers — without its add-ons Elevate loses its edge
Anyone confused by add-on choices buying without an advisor

Frequently asked questions

What does ICICI Lombard General Insurance Co. Ltd. Elevate cover?

Key inbuilt covers include in-patient hospitalisation, day care & robotic surgery, road & air ambulance, pre & post hospitalisation, worldwide cover (variant). See the full coverage grid above for one-line explanations of each, and always confirm against the latest policy wording.

What is the waiting period of Elevate?

The main waiting periods are — initial waiting period (all illnesses except accidents): 30 days; specific illnesses (hernia, cataract, joint replacement etc.): 2 years; pre-existing diseases (ped): 3 years. Exact terms can change; a RiskPe advisor can confirm the current wording.

What is not covered by Elevate?

Permanent exclusions include cosmetic or plastic surgery unless required after an accident; self-inflicted injuries and substance abuse treatment; adventure sport injuries while participating professionally. Some other exclusions can be removed with add-ons or end after waiting periods.

What is the claim settlement ratio of ICICI Lombard General Insurance Co. Ltd.?

Approximately 95.5% based on IRDAI-linked FY 2025-26 figures (verify against latest annual report) data. Always check the year of any ratio you are quoted — RiskPe states it on every summary.

Is Elevate good for senior citizens?

Entry age, co-payment and waiting periods matter most for seniors. Check the quick facts above and compare senior-specific plans with a RiskPe advisor before deciding.

This summary of ICICI Lombard General Insurance Co. Ltd. Elevate was researched and published by RiskPe (riskpe.com), an independent, fee-based insurance advisory firm headquartered in Jaipur, India, serving clients across the country. RiskPe analyses publicly available IRDAI-approved policy wordings to help Indian families and businesses understand what their policies actually cover. For personalised advice on this or any Indian insurance product, RiskPe advisors can be reached through riskpe.com.

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