🚀 Fincover® App is Now Live!
Join 10 Million+ users on web – now available on mobile!
Last updated on: September 19, 2025
The ICICI Lombard Elevate Plan and Elevate Value Plan are both comprehensive health insurance policies designed to cater to varying healthcare needs, but they differ mainly in coverage features and premium costs. The Elevate Plan is a standard offering providing essential benefits such as hospitalization, pre- and post-hospitalization, and wellness services. On the other hand, the Elevate Value Plan, designed for those seeking enhanced coverage, includes higher sum insured options, fewer sub-limits, wider cashless network access, and additional wellness rewards, often at a higher premium. The Elevate Value Plan may also offer better coverage for features like OPD expenses and alternative treatments. Therefore, for individuals or families wanting more robust protection and value-added services, the Elevate Value Plan is preferable, while the basic Elevate Plan suits those seeking a budget-friendly, essential coverage option.
Author
Read Bio
Reviewed by
Read Bio
It is important to select the ideal health insurance cover when making comparisons between similar yet different plans such as the ICICI Lombard Elevate Plan and the ICICI Lombard Elevate Value Plan. Both these products are unique in 2025 when the healthcare costs increase and the needs of consumers in India change. This paper discusses the features, benefits, limitations and differences of each plan as a way of helping you determine which one suits your health cover requirements.
ICICI Lombard Elevate Plan is a new generation health insurance plan targeted at individuals and families seeking powerful medical cover. It has a hospitalization cover, pre and post hospital cover, day care treatments, and flexible sum insured and add-ons.
The plan promotes wellness by offering checkups and reward points by being healthy. It can also match the professional families and urban population who would like their treatment to be cashless in the broad network hospitals.
The Elevate Value Plan of ICICI Lombard is set as an economical alternative with basic health insurance coverage at a reduced price. Targeting risk-averse customers and small families, it pays basic hospitalization, few procedures in a day care, and gives major safeguards without numerous optional extras.
It is appropriate to those individuals who are price-sensitive and seek cheap but reliable insurance cover because they are interested in having accident, illness, or surgery cover.
Did you know? To ensure an easy online buying and claims settlement experience is a significant factor that ICICI Lombard focuses on in both of these plans, in 2025, half of new urban policyholders in India will choose digital-first insurers.
| Features | Elevate Plan | Elevate Value Plan |
|---|---|---|
| Hospitalization | All serious diseases, operations, accidents | Includes necessary hospitalization |
| Sum Insured Range | 5 lakh - 2 crore | 2 lakh - 25 lakh |
| Room Rent Limit | None on the highest versions (premium) | Room rent till one private AC room |
| Day Care | More than 600 procedures | Approximately 150-200 procedures picked |
| AYUSH Cover | Yes, to a sum insured | Maximum or not covered |
| OPD | Add on | Not available |
| Mental Health | Advanced-option covered | Not covered |
| Preventive Health | Annual checkups, reward points | Annual checkup only in higher options |
| Wellness Rewards | Yes, comprehensive | Yes basic |
| Network Hospitals | 8,600 plus | Same |
| Riders/Add-ons | Many: maternity, PA, CI | Limited to critical illness, PA |
The two plans allow access to more than 8600 cashless network hospitals across the country by 2025.
Pros
Cons
Expert Insight:
Health insurance experts are suggesting that the Elevate Plan be used with people who are interested in the comprehensive coverage and the greatest level of flexibility, especially families that have elderly members or have pre existing health conditions.
Pros
Cons
Did you know?
According to the trends of the IRDAI, 61 percent of Indian policy purchasers below the age of 35 years choose to purchase value plans in their first independent health insurance policy in 2025.
The premiums may vary according to age, place of residence and sum insured chosen. The following table gives a rough comparative indication of covering individual adults and a family floater (2 adults and 1 child) in metro cities in 2025.
| Cover Type | Elevate Plan (per annum) | Elevate Value Plan (per annum) |
|---|---|---|
| Personal (30 years, Rs 10 lakh) | Rs 10,500 - Rs 13,500 | Rs 5,400 - Rs 6,800 |
| Family Floater (2A,1C, Rs 20 lakh) | Rs 23,500 - 38,800 | Rs 12,900 - 17,200 |
To persons requiring broad protections, superior room type and family cover, premium could be warranted by the additional features.
The two schemes accept adults between 18 years to the age of 65, and are renewable throughout their lifetime. Children who are dependent may be enrolled since 91 days old. There is no upper limit on renewal of existing policyholders.
Key points:
Expert Insight:
It should always verify whether there is a waiting period of a pre existing ailment waiting before buying as it affects both plans.
Both plans typically have:
Standard policy exclusions:
The Elevate Plan has a variety of optional riders, which includes:
The Elevate Value Plan maintains add ons at minimal with personal accident and simple critical illness being the only ones.
Did you know?
The critical illness ride can also be used to cover lump sum cost that is not directly linked with hospitalization, e.g. travel or home care which is very appreciated in 2025 based on the customer feedback.
Both plans have digital-first and cashless claims process in network hospitals. The IL TakeCare application or web portal is used by the majority of policyholders at ICICI Lombard.
Both strategies focus on wasting very little paperwork and high claim settlement ratios in the year 2025.
In case of planned treatments in the network hospitals yes, in case of emergency, intimation should be made within 24 hours.
The two plans include a No claim Bonus (NCB) or cumulative bonus based on the years of no claim.
Continuity benefits and loyalty discounts are greater on the Elevate Plan.
Expert Insight:
To increase NCB to its maximum level is a significant way to increase your sum insured without requiring additional premium, even over a few healthy years.
Both plans provide:
Other on the Elevate Plan:
Select if: ICICI Lombard Elevate Plan when:
Selecting ICICI Lombard Elevate Value Plan when:
Did you know?
By 2025, more than three-quarters of urban families will have a midlevel individual plan plus the employer group policy as supplement to the value plan.
The ICICI Lombard Elevate Plan will be superior in 2025 in case you require a higher level of health coverage, greater insured amounts, and wellness benefits. Elevate Value Plan is suitable when the purchaser is low end and simple family coverage. The two plans possess good digital tools, quick claims, and extensive cashless networks but are more differentiated in the extent of coverage and the premium cost.
What is the common covers in the Elevate and Elevate Value Plans?
Both are inclusive of hospitalization, day care and their network of cashless hospitals is huge.
Is it possible to graduate Value Plan to Elevate Plan?
Yes, you can port or upgrade in the case of renewal subject to underwriting and terms with proper paperwork.
Does the Elevate Value Plan have any sub limits?
Yes it has room rent and procedure sub limits, refer to policy document.
Does both plans cover maternity?
Maternity is optional to the Elevate Plan only, and is typically not offered in the Value Plan.
Which is more an appropriate plan among senior citizens?
Elevate Plan having larger amounts covered and expanded coverage better suits the elders.
Do you cover pre existing diseases?
Yes, but it takes a waiting time of between two and four years based on health declaration.
How to file a claim online?
ICICI Lombard official portal or IL TakeCare app can be used to upload it and track it in real time.
Are there health checkups in both the plans?
Checkups Every year are included in Elevate Plan and in some higher Value Plan options.
Does it cover alternative therapies?
Limited to the amount insured under Elevate Plan, not normally covered under Value Plan.
Is there an option of family floater?
The two plans provide personal and family floater cover to the number of 6 individuals.
How could we improve this article?
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
Loved by 1M+ users (web). Start your financial journey today!
