Flipkart partners with ICICI Lombard for Hospicash insurance to consumers

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Flipkart partners with ICICI Lombard for Hospicash insurance to consumers. Flipkart, India’s homegrown e-commerce marketplace, has partnered with ICICI Lombard to offer Hospicash insurance to consumers. Compared to the standard indemnity health insurance policies, Hospicash is a benefit offering that allows consumers to avail a fixed amount for each day of hospitalization.

The fixed daily amount enables consumers to pay for incidental medical or emergency expenses. The insurance is affordably priced, paperless, and flexible, covering both accidental hospitalizations or planned surgeries/ treatment.

Indians incur significant expenses during hospitalization. According to research[1], the direct average out-of-pocket expenditure during hospitalization in India ranges between Rs 4,452 to Rs 31,845for a person, whereas the average loss of income due to hospitalization is estimated to be around Rs 8,164. 

The Hospicash insurance policy offered by ICICI Lombard provides consumers an extra allowance to not just cover emergency medical expenses’ but also travel and post-discharge costs and compensation for loss of income during hospitalization.

Guided by a strong understanding of the needs and preferences of Indian consumers, Flipkart has, over the past year, branched out into insurance services for life, health, motor, cyber and devices/appliances, through partnerships with some of the country’s leading insurance service providers.

Flipkart aims to be at the forefront of providing millions of customers with access to customized and simplified insurance plans based on their diverse needs.  

ICICI Lombard has been at the forefront of introducing innovative and technology enabled non-life insurance solutions. Further, it has been deploying latest technology such as Artificial Intelligence, Robotics for seamless customer service, policy purchase/ renewal, claim settlement etc. thereby empowering customers and making it possible for them to enjoy best in class insurance solutions conveniently from anywhere and at any time.

More details are available at www.icicilombard.com.

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