Elevate Health Plan: 5 Features You Must Check

ICICI Lombard's Elevate health insurance plan has flexible cover options, but hidden waiting periods and sub-limits can reduce your actual payout. Here's what to check before you buy or renew.

Here's what happened: ICICI Lombard's Elevate plan offers customisable health cover with optional add-ons, but core waiting periods of 2–4 years for pre-existing diseases apply under standard IRDAI rules.. The plan includes restoration of sum insured and optional covers like maternity and OPD, each carrying separate waiting periods and premium loadings that raise total annual cost.. Premiums paid qualify for Section 80D deduction — up to ₹25,000 for self/family and ₹50,000 for senior citizen parents — including the 18% GST component on the premium..

What you should do: Check your policy's room-rent sub-limit clause — choose a plan with no room-rent cap or at least a single/twin-sharing cap to avoid proportional deductions on your entire hospital bill.. List every pre-existing condition in your family and map them to the exact waiting period on your policy document — set a calendar reminder for when each waiting period ends.. File your Section 80D claim correctly: include the full premium amount (with GST) in your ITR — many people under-claim by entering only the base premium and losing hundreds in tax savings..

Pro tip: If you have a family floater plan, always check whether restoration applies per member or per policy year — per-member restoration gives significantly more protection for multi-claim families.