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Reviewed by Finzony Finance TeamLast updated:
Personal Protect is ICICI Lombard's individual personal accident policy. It pays a lump sum if an accident kills you or leaves you permanently and totally disabled, and the amount is the sum insured you pick, from ₹3 lakh up to ₹25 lakh. You choose a tenure of 1, 3 or 5 years. Two optional covers can be added on top: reimbursement of accidental hospitalisation expenses, and a daily cash allowance for each day you are in hospital. It covers accidents only. Illness, disease and hospital stays that do not start with an injury are outside the policy, so it sits next to a health policy and does not replace one. Anyone aged 18 to 80 can buy it, and ICICI Lombard says no medical tests are needed. ICICI Lombard's current product sheet also lists permanent partial disablement, temporary total disablement, convalescence and double benefit among the covers, plus extensions such as funeral expenses, ambulance charges and a children's education grant. The amounts for these sit in the policy schedule, so ask for it before you buy.
Accidental death and disability cover with optional hospitalisation expenses
Finzony sees Personal Protect as a simple, low-effort accident safety net. A health policy pays hospital bills, but nothing in it replaces your income if an accident takes your life or leaves you unable to work. Personal Protect fills that gap with a fixed lump sum that does not depend on bills, and it has no medical test, a wide entry age of 18 to 80 and a tenure of up to 5 years, which saves yearly renewals. For people who drive a lot, travel often or work in riskier jobs, that is a sensible, cheap add-on. The limits matter more than the headline sum insured. The two optional covers are small. In ICICI Lombard's brochure the hospitalisation limit runs from ₹10,000 on the ₹3 lakh option to ₹1 lakh on the ₹20 and ₹25 lakh options, and the daily allowance is ₹1,000 or ₹2,000 a day for at most 30 days, after a one-day deductible. Both work only when you are admitted within 7 days of the accident and stay at least 24 hours. They are a cushion, not a substitute for health cover. Two more points to read carefully. First, the brochure says the cover ends once a claim is paid under one of the main insured events, so a death or disability payout closes the policy. Second, the exclusions are the usual accident-policy list: self-injury, intoxication, breach of law, hazardous sports and occupations, war and nuclear events. Check the policy schedule for the benefits the current product sheet lists but the card does not, such as partial and temporary disablement, because their payouts are not stated in the sources we used.
ICICI Lombard Health Insurance
Key Insights
Founded
2001
ICICI Lombard Health Insurance was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
86% CSR, calculated as a 3-year average
ICICI Lombard Health Insurance settles 86% of all claims it receives.
Network Hospitals
10,700+
ICICI Lombard Health Insurance has a network of 10,700+ hospitals, ensuring wide accessibility and convenience for policyholders.
If the insured dies because of an accident during the policy period, the nominee you declared is paid the sum insured.
Pays the sum insured for permanent and total loss of limbs or sight due to an accident within the policy period. This means loss of sight of both eyes, physical separation of both hands or both feet or one hand and one foot, or total and irreversible loss of use of both hands, both feet, or one hand and one foot.
ICICI Lombard's product sheet also counts a permanent total inability to work, as certified under the policy wording. Read the exact definition in the wording.
Choose ₹3 lakh, ₹5 lakh, ₹10 lakh, ₹15 lakh, ₹20 lakh or ₹25 lakh as the sum insured for death and permanent total disablement.
Sum insured can be raised only at renewal, subject to underwriting approval.
You can buy the policy for 1, 3 or 5 years. A longer tenure means fewer renewals to remember.
The renewal premium is subject to change with IRDAI approval. If you cancel a multi-year policy, the refund depends on which year you cancel in.
Anyone from 18 to 80 years can buy the policy, and it can be renewed for life with no maximum renewal age.
Renewal can be refused on grounds of fraud, moral hazard, misrepresentation or non-cooperation. The policy also cannot be renewed after a claim ends the cover. Proposals are assessed on age, occupation, sum insured and financial eligibility.
Reimburses medical expenses during a hospital stay that arises from an injury, up to the limit for the sum insured you opted, when the admission starts within 7 days of the accident.
Minimum stay of 24 hours. It is paid on a reimbursement basis and needs bills, prescriptions and discharge papers.
Pays a fixed amount for each day you are in hospital after a covered accident: ₹1,000 a day on the ₹3 lakh and ₹5 lakh options, and ₹2,000 a day on the ₹10 lakh options and above, for up to 30 days.
This is an accident cover, so illness waiting periods do not apply. The time conditions that do exist are: accidental hospitalisation is paid only if the admission starts within 7 days of the accident and lasts at least 24 hours, and the daily allowance has a deductible of 1 day for each hospitalisation. The renewal grace period is 30 days, and no claim is covered during the grace period itself.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Lombard Health Insurance plans and claim process
It pays your nominee the sum insured if you die in an accident, and pays you the sum insured if an accident leaves you permanently and totally disabled. You can add optional covers for accidental hospitalisation expenses and a daily hospital allowance. ICICI Lombard's current product sheet also lists partial disablement, temporary total disablement, convalescence and double benefit, with amounts set in the policy schedule.
The sum insured options are ₹3 lakh, ₹5 lakh, ₹10 lakh, ₹15 lakh, ₹20 lakh and ₹25 lakh. The tenure can be 1, 3 or 5 years.
Anyone aged 18 to 80 years. ICICI Lombard assesses each proposal on age, occupation, sum insured and financial eligibility, and says no medical tests are needed.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Lombard Health Insurance website before purchasing.
Contact Details
1800 2666
Headquarters: ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400025, Maharashtra, India.
The aforementioned ratios have been averaged over three years (FY24-FY26)
A deductible of 1 day applies to each hospitalisation. Minimum stay of 24 hours.
Optional extension for accident related medical expenses, as listed on ICICI Lombard's current product sheet.
Exclusions for the medical extensions include injuries that existed before the policy and expenses not incurred in a hospital.
Optional extension that pays a daily amount during hospitalisation after an accident, as listed on the current product sheet.
Optional extension for ambulance costs after an accident.
Optional extension for the cost of carrying the insured's body after accidental death.
Optional extension that adds funeral expenses to the death cover.
Optional extension for bringing the insured's remains back after accidental death away from home.
Optional extension that supports a child's education after the insured's accidental death or permanent total disablement.
Optional extensions that improve the payout for permanent total disablement and for permanent partial disablement.
The sources do not give the improved amounts. Check the policy wording.
No. It covers injury caused by an accident only. Hospital stays that do not arise from an injury are excluded, so keep a separate health insurance policy for illness.
In ICICI Lombard's brochure, the hospitalisation reimbursement limit is ₹10,000 on the ₹3 lakh option, ₹25,000 on the ₹5 lakh option, ₹50,000 on the ₹10 lakh and ₹15 lakh options, and ₹1 lakh on the ₹20 lakh and ₹25 lakh options. The daily allowance is ₹1,000 a day on the ₹3 lakh and ₹5 lakh options and ₹2,000 a day above that, for up to 30 days, with a deductible of 1 day. Confirm the figures in your quote.
Yes. For the hospitalisation expenses cover, the admission must start within 7 days of the accident and the stay must be at least 24 hours. A claim for a later admission is not paid.
According to ICICI Lombard's brochure, the cover expires after a claim has been paid under any one of the main insured events, such as accidental death or permanent total disablement.
Yes. The policy can be renewed for life with no maximum renewal age, unless there is fraud, moral hazard, misrepresentation or non-cooperation. You get a 30-day grace period, but no claim is covered during the grace period. You can raise the sum insured only at renewal, subject to underwriting approval.
No. Personal accident plans like Personal Protect do not give a deduction under Section 80C or 80D.
Yes. You can give 15 days' written notice. For a policy of one year or less, the refund is 75% of the premium if you cancel within 1 month, 50% within 3 months, 25% within 6 months, and nothing after that. For longer tenures the refund depends on the year of cancellation. No refund is paid if a claim has been admitted or lodged. There is also a 15-day free look period after you receive the policy.
Usually the claim form signed by the insured, claimant or nominee, policy copy, FIR, death certificate or disability certificate, post mortem report where applicable, spot panchnama, and the medical or hospital report. For hospitalisation expenses you also need the discharge card, medical, investigation and pharmacy bills and prescriptions. You can register a claim on 1800 2666 or at customersupport@icicilombard.com.