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Health and Term Insurance by Amex - February 2025

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Ramex said:
Pals,

Started receiving calls from Amex for Health and Term insurance tied up with ICICI Lombard. Policy is quite attractive but couldn't commit due to worthiness.

Has anyone taken it? Is it worthy? your thoughts please

@moneyMaker @TechnoFi @harshgupta940 @bigbyte @smuff @sourpai @cardioguy
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Are you sure its proper Term Life & Health insurance policy and not some ULIP etc.

The best and only health insurance policy which can be recommended by icici Lombard is icici elevate other plans are not worth so first do some research.

And no I haven't taken any such thing.
 
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Ramex said:
Pals,

Started receiving calls from Amex for Health and Term insurance tied up with ICICI Lombard. Policy is quite attractive but couldn't commit due to worthiness.

Has anyone taken it? Is it worthy? your thoughts please

@moneyMaker @TechnoFi @harshgupta940 @bigbyte @smuff @sourpai @cardioguy
Click to expand...
Kindly also share that attractive Health and Term insurance policy t&c document so that everyone can review it and gave their valuable suggestions.
 
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I also received the same call today. Need some clarity/suggestions from people who have already availed such plans with Amex.

Eg) what's should we lookout for ? Any catch if we take term policy via amex with icici etc. What else to lookout before agreeing to go for the plan enrollment. Any Pro's and cons that you are aware of .

Thanks !
 
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Not spam but in response to people and op asking on opinion about icici health insurance: For health insurance no other policy apart from optima secure hdfc ergo is worth it imo. Its expensive but hands down the best policy in india
 
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TechnoFi said:
Kindly also share that attractive Health and Term insurance policy t&c document so that everyone can review it and gave their valuable suggestions.
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Even i did ask for document but since it's not an open market policy they said they can't share it but everything is mentioned website and policy doc..
Policy can be cancelled with in 15 days at no extra charge..

Some Medical insurance highlights:
No medical check-up required and No document submission required

18 complimentary consultations annually
7500/- for medicines
7500/- for diagnostics

if claimed on a illness, For the same illness sum assured is reset after 45 days
and for different illness limit is same as sum assured
No co-pay required..

Term Insurance..
Cause of death can be any reason - 2Cr - approx 25k annually..

@TechnoFi
 
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Ramex said:
Even i did ask for document but since it's not an open market policy they said they can't share it but everything is mentioned website and policy doc..
Policy can be cancelled with in 15 days at no extra charge..

Some Medical insurance highlights:
No medical check-up required and No document submission required

18 complimentary consultations annually
7500/- for medicines
7500/- for diagnostics

if claimed on a illness, For the same illness sum assured is reset after 45 days
and for different illness limit is same as sum assured
No co-pay required..

Term Insurance..
Cause of death can be any reason - 2Cr - approx 25k annually..

@TechnoFi
Click to expand...
Term Insurance will be serviced by Insurance co. Amex doesn't do anything after sale
Med insurance they say are cheaper / will support claims however will be a hit / miss..
 
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Zacobite said:
Term Insurance will be serviced by Insurance co. Amex doesn't do anything after sale
Med insurance they say are cheaper / will support claims however will be a hit / miss..
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@Zacobite Thanks for mentioning it. I did check with them today on Term insurance, Plan is from ICICI Lombard but entire communication/claim settlement etc.. do happen only with Amex and not ICICI.
 
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Ramex said:
@Zacobite Thanks for mentioning it. I did check with them today on Term insurance, Plan is from ICICI Lombard but entire communication/claim settlement etc.. do happen only with Amex and not ICICI.
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i have bought term insurance from them.. they made a mistake in my name.. i had to run around.. no support from amex ( i had plat charge at that time)..,. finally i got it done via insurance co on my own in person at service centre.. so imagine what they will do after you... After that i stopped premium auto debit.. and i work directly with ins co.. personal experience..
 
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Zacobite said:
i have bought term insurance from them.. they made a mistake in my name.. i had to run around.. no support from amex ( i had plat charge at that time)..,. finally i got it done via insurance co on my own in person at service centre.. so imagine what they will do after you... After that i stopped premium auto debit.. and i work directly with ins co.. personal experience..
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@Zacobite Appreciate for taking time to share your experience with us. That helps. @vrp.vijayot, FYI..
 
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Ramex said:
Pals,

Started receiving calls from Amex for Health and Term insurance tied up with ICICI Lombard. Policy is quite attractive but couldn't commit due to worthiness.

Has anyone taken it? Is it worthy? your thoughts please
Click to expand...
Hey pals,
I’ve also been getting calls from Amex about the Health & Term insurance they offer with ICICI Lombard. The policy sounds pretty attractive, but I haven’t fully committed yet because I’m still weighing if it’s really worth it.
From what I’ve seen, ICICI Lombard is a trusted company with good services, but it’s always important to compare plans before jumping in. That’s why I think taking a term plan through PolicyBazaar is a smart move. You can easily compare multiple policybazaar term insurance options side-by-side, check premiums, benefits, and claim settlement ratios all in one place. It really helps you find the best plan for your needs without feeling rushed or stuck with just one option.
So, if you’re unsure, maybe explore PolicyBazaar first—it’s hassle-free and gives you more control over your choice. Just my two cents!
 
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