- Powered with
AI, ‘Elevate’ empowers customers with personalised plans-
Mumbai, July 5, 2024 : ICICI Lombard, a leading private general insurer in India, proudly announces the launch of its revolutionary health insurance product, ‘Elevate’. Powered with AI the first-of-its-kind health product is loaded with cutting-edge features and add-ons, offering personalised solutions to meet the needs of dynamic lifestyle, unforeseen medical emergencies and medical inflation. This significant launch underscores ICICI Lombard’s commitment to pioneering advancements in the insurance industry delivering exceptional value to its customers.
Designed to cater to the rapidly evolving
ecosystem, ‘Elevate’ offers a
suite of personalised customer-centric plans that prioritise comprehensive
coverage and flexibility. The key features of ‘Elevate’ include:
- Infinite Sum Insured:
Addressing the concern of limited coverage and sum insured, this feature
ensures that policyholders never run out of coverage.
- Infinite Claim Amount:
This add-on offers comprehensive financial protection with infinite claim
amount for one-time claim during the lifetime of policy without taking
into purview the sum-insured amount.
- Power Booster Add-on:
This add-on provides a 100% cumulative bonus annually, irrespective of
claims, for an indefinite period.
- Reset Benefit: This feature triggers
unlimited resets of your coverage, ensuring continuous protection irrespective
of claims.
- Infinite Assurance: This
jump-start add-on enables people with pre-existing disease conditions like
asthma, diabetes, hypertension, hyperlipidaemia and obesity to start
benefitting from the policy after 30th day
as against the industry norms of waiting period of 3 years.
Leveraging the power of AI, ‘Elevate’ interprets
customer inputs to deliver optimal coverage recommendations, ensuring that each
policy is uniquely suited to individuals’ requirements. The bespoke approach to
health insurance provides extensive protection while catering to personal
health and financial considerations, making it more adaptable and responsive to
customers’ needs.
Staying true to its motto - power of infinite
personalisation, ‘Elevate’ also comes power packed with 15
in-built covers and multiple personalization options, encompassing covers for;
20 critical illnesses, personal accident, maternity, new born cover,
accommodation and travel benefits, preventive care, inflation protector, air
ambulance and personalised home care and many more.
Mr. Anand Singhi, Chief of Retail and Government at
ICICI Lombard, stated, “‘Elevate’ embodies
our steadfast dedication to pioneering innovation and customer-centricity. As a
ground-breaking industry first, powered by an AI-Engine ‘Elevate’ will
redefine health insurance, ensuring a deeply personalised experience tailored
to customers’ unique needs. With add-ons such as ‘Infinite Care’ and ‘Power
Booster,’ we have set a new standard in the health insurance, empowering our
customers with unparalleled peace of mind in an increasingly dynamic
world."
ICICI Lombard is committed to customer-centricity
by integrating innovation into every facet of its operations, especially personalized
insurance solutions enhanced by cutting-edge technology.
About ICICI Lombard
ICICI Lombard is the leading private general
insurance company in the country. The Company offers a comprehensive and
well-diversified range of products through multiple distribution channels,
including motor, health, crop, fire, personal accident, marine, engineering,
and liability insurance. With a legacy of over 2 decades, ICICI Lombard is
committed to customer centricity with its brand philosophy of ‘Nibhaaye Vaade’.
The company has issued over 36.2 million policies, honoured over 2.9 million
claims and has a Gross Written Premium (GWP) of ₹255.94 billion for the year
ended March 31, 2024. ICICI Lombard has 312 branches and 13,670
employees, as on March 31, 2024.
ICICI Lombard has been a pioneer in the industry
and is the first large scale insurance company in India to migrate its entire
core systems to cloud. With a strong focus on being, digital led and
agile, it has launched a plethora of tech-driven innovations, including the
industry first Face Scan on its signature insurance and wellness App - IL
TakeCare, with over 9.3 million downloads. The company has won several laurels
including ET Corporate Excellence Awards, Golden Peacock Awards, FICCI
Insurance Awards, Assocham, Stevie Asia Pacific, National CSR awards etc. for
its various initiatives. For more details log on to www.icicilombard.com