ICICI Lombard pares waiting period, adds home care facility in health plans

Waiting period for bew customers reduced from 30 days to 15 days for covid-related claims with no hike in premium. Claims related to other illness will still have a 30-day waiting period

Private sector non-life insurer ICICI Lombard has added home care benefits and some other Covid-19-specific features to its existing health products that cover the costs of treatment.
 

This comes after the insurance regulator proposed all insurers to offer a benefit-based Covid-specific product by the end of June.

For new customers, the insurer has reduced the waiting period from 30 days to 15 for Covid-related claims with no increase in premium. It is applicable to all the health products that the company offers. Claims related to other illness will still have a 30-day waiting period.
 

Under the home health care benefits,