ICICI Lombard Introduces ‘Elevate’ An Business First, Modern Condition Insurance coverage Product

– Powered with AI, ‘Elevate’ empowers consumers with customized plans- 

Mumbai, July 5, 2024  

ICICI Lombard, a well-known personal basic insurer in Republic of India, proudly proclaims the inauguration of its innovative fitness insurance coverage product, ‘Elevate’. Powered with AI the first-of-its-kind fitness product is loaded with state of the art options and add-ons, providing customized answers to fulfill the desires of dynamic way of life, unexpected scientific emergencies and scientific inflation. This crucial inauguration underscores ICICI Lombard’s loyalty to pioneering developments within the insurance coverage business handing over outstanding worth to its consumers.

Designed to cater to the impulsively evolving ecosystem, ‘Elevate’ trade in a set of customized customer-centric plans that prioritise complete protection and versatility. The important thing options of ‘Elevate’ come with:

  • Countless Sum Insured: Addressing the worry of restricted protection and sum insured, this property guarantees that policyholders by no means ran over of protection. 
  • Countless Declare Quantity: This add-on trade in complete monetary coverage with limitless declare quantity for one-time declare right through the life of coverage with out taking into purview the sum-insured quantity.
  • Energy Booster Upload-on: This add-on supplies a 100% cumulative bonus once a year, without reference to claims, for an indefinite duration.
  • Reset Get advantages: This property triggers limitless resets of your protection, making sure steady coverage without reference to claims.
  • Countless Guarantee: This jump-start add-on permits society with pre-existing infection situations like bronchial asthma, diabetes, high blood pressure, hyperlipidaemia and weight problems to begin benefitting from the coverage upcoming 30th occasion as in opposition to the business norms of ready duration of three years.

Leveraging the ability of AI, ‘Elevate’ translates visitor inputs to bring optimum protection suggestions, making sure that each and every coverage is uniquely fitted to folks’ necessities. The bespoke way to fitness insurance coverage supplies in depth coverage generation catering to private fitness and fiscal issues, making it extra adaptable and attentive to consumers’ wishes.     

Staying true to its motto – energy of limitless personalisation, ‘Elevate’ additionally comes energy filled with 15 inbuilt covers and a couple of personalization choices, encompassing covers for; 20 essential sicknesses, non-public clash, maternity, fresh born secure, lodging and proceed advantages, preventive help, inflation protector, wind ambulance and customized house help and plenty of extra.       

Mr. Anand Singhi, Eminent of Retail and Govt at ICICI Lombard, said, “‘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 dedicated to customer-centricity via integrating innovation into each and every side of its operations, particularly customized insurance coverage answers enhanced via state of the art generation. 

About ICICI Lombard

ICICI Lombard is the well-known personal basic insurance coverage corporate within the nation. The Corporate trade in a complete and well-diversified dimension of goods via a couple of distribution channels, together with motor, fitness, cut, hearth, non-public clash, marine, engineering, and legal responsibility insurance coverage. With a legacy of over 2 many years, ICICI Lombard is dedicated to visitor centricity with its emblem philosophy of ‘Nibhaaye Vaade’. The corporate has issued over 36.2 million insurance policies, honoured over 2.9 million claims and has a Improper Written Top rate (GWP) of ₹255.94 billion for the month ended March 31, 2024.  ICICI Lombard has 312 branches and 13,670 staff, as on March 31, 2024. 

ICICI Lombard has been a pioneer within the business and is the 1st immense scale insurance coverage corporate in Republic of India emigrate its whole core programs to cloud.  With a powerful center of attention on being, virtual led and agile, it has introduced a enough quantity of tech-driven inventions, together with the business first Face Scan on its signature insurance coverage and wellness App – IL TakeCare, with over 9.3 million downloads. The corporate has gained a number of laurels together with ET Company Excellence Awards, Blonde Peacock Awards, FICCI Insurance coverage Awards, Assocham, Stevie Asia Pacific, Nationwide CSR awards and many others. for its diverse projects. For extra main points wood directly to www.icicilombard.com 

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