Archive · 27 Oct 2025
ICICI Lombard Clarifies 'Material Change' Clause in Health Plans
ICICI Lombard wants to clear up confusion about its health insurance plans.
Some people were worried that if you got sick after buying a plan, the company might change your coverage or raise the price because of a 'material change' clause.
ICICI Lombard says this isn't true: your coverage and premium won't change if you get a new illness after your policy starts.
This is important because health insurance is meant to help you if you get sick unexpectedly.
The company also clarified that there are no extra medical tests at renewal unless you want to increase your coverage.
Insurance rules also say that companies can't change your plan based on your health at renewal, unless you've done something wrong.
ICICI Lombard clarified the 'material change' clause in its health plans.
The clause will not impact coverage or premiums if a new disease develops.
Clarification follows concerns on social media regarding policy interpretation.
No fresh medical tests are required at renewal, unless the sum insured is increased.
IRDAI mandates lifelong renewal and prohibits premium changes based on health changes during renewal.
- Who
- ICICI Lombard
- What
- Clarified that the 'material change' clause in their health insurance plans won't alter coverage or premiums if a new disease develops after policy issuance.
- When
- Following concerns raised on social media.
- Where
- India
- Why
- To provide clarity on the 'material change' clause in their health insurance policies.
- Company
- ICICI Lombard General Insurance
- Affected Plans
- Elevate and Health AdvantEdge
- Clause in Question
- 'Material Change'
- IRDAI Mandate
- Lifelong renewal of health policies