🚀 Fincover® App is Now Live!
Join 10 Million+ users on web – now available on mobile!
Last updated on: May 20, 2025
The key pain points associated with choosing 1 crore health insurance in India for 2025 include justifying the high sum insured, understanding the layered policy structure, and ensuring inclusion of global and specialized treatment benefits. The featured 1 Crore Health Insurance in India effectively addresses these issues by offering all-inclusive coverage for high-cost treatments, international medical care, critical illnesses, and long-term hospitalization. It is ideal for HNIs, business owners, and families seeking top-tier medical protection without financial limits. The platform enhances user clarity with transparent breakdowns, AI-driven customization based on lifestyle and risk exposure, and expert guidance to ensure maximum return on investment and seamless claims experience.
Author
Read Bio
Reviewed by
Read Bio
Health insurance in India is also a confusing venture, so many choices are available in the year 2025. The quality of the healthcare assistance that you and your family will receive can be molded by selecting the appropriate policy. The ICICI Lombard Elevate Plan and the Magma HDI Onehealth Shield Plan are the most popular options nowadays. The two are reputed to be coverage wise, reliable and innovative. The differences, however, are in the details, benefits, costs and other advantages and it will affect which plan could be most efficient in your case.
The two plans reviewed closely in this article are eligibility, features, and premium amounts, exclusions, claim process, add-ons, waiting periods, and customer experiences in the most current reviews and industry research in 2025.
ICICI Lombard Elevate is a sophisticate health insurance service with a concentration on flexibility, inclusiveness, and broad coverage. It is aimed at supporting individuals, families, and even the elder citizens to fulfill their various healthcare demands.
Pros:
Cons:
Did you know? ICICI Lombard Elevate Plan has introduced an optional coverage of OPD which is uncommon in mid segment health plans according to the recent IRDAI guidelines of 2025.
Is ICICI Lombard Elevate Plan an excellent health insurance plan in 2025?
Yes, it has top ratings on overall benefits, high sum insured and better ratios on claim settlement. It is popular among those people and families who require the strong coverage and flexibility.
Another health cover that performs well in India is Magma HDI Onehealth Shield Plan. In 2025, the plan was restructured to provide further broad coverage, cheaper premiums and new age treatment support.
Pros:
Cons:
Expert opinion: Digital claim processing has seen many Indian employers migrating to Magma HDI group plans according to a 2025 industry survey conducted by Deloitte.
Is Magma HDI Onehealth Shield inclusive of robotic surgery and costly procedures?
Yes, and it has such modern procedures in its enhanced 2025 coverage options as robotic surgery and advanced cancer treatments.
The two plans are aimed at providing a broad health coverage. Nevertheless, it has significant differences:
| Highlights | ICICI Lombard Elevate Plan | Magma HDI Onehealth Shield Plan. |
|---|---|---|
| Sum insured options | 5 lakh and above | 3 lakh and above 5 crore and above. |
| Network hospitals | 7000 plus | 6000 plus |
| Room rent capping | None | None (ICU and single room) |
| Restoration benefit | Unlimited on one year | Once in one year, unrelated sickness. |
| Pre and Post hospitalisation | Up to 60/180 days | Up to 60/90 days |
| Day care processes | 650 and above | 500 and above |
| Maternity/newborn cover | As add on (limited) | As add on (comprehensive) |
| Wellness benefits | Yes (reward points) | Yes (access to wellness portal) |
| Consumables coverage | Yes (with add on) | Yes (included) |
| Inclusion of senior citizens | Yes, till 65 years | Yes, till 70 years. |
| Waiting period of PED | 2 years | 3 years. |
ICICI Lombard Elevate has a larger maximum sum insured (best when the client wants a large ticket cover).
Magma HDI has more economical plans to the ones wishing to receive good coverage at reduced premiums, and wider coverage to advanced treatments.
The two plans are both cashless but ICICI Lombard has newer hospital alliances in the Tier 1 and 2 cities which slightly favor its network coverage in the year 2025.
Which is the better plan of adding maternity cover?
As an add on, magma HDI onehealth shield will provide broader coverage of maternity and newborn insurance, including the costs even in the event of pregnancy complications.
Experts’ insight:
Insurance regulatory and development authority of India claims that in both the hospital networks of these two insurers, the average cashless claim approval is currently under three hours in 2025.
We will take the approximate premiums of a 35 year old healthy non smoking male insuring a 10 lakh sum of money in the form of a family floater of 10 lakh (2 adults 1 child):
| Insurer and Plan | Annual Premium (INR approx) | Renewal Loading (No claim). |
|---|---|---|
| ICICI Lombard Elevate | INR 19,800 | None. |
| Magma HDI Onehealth Shield | INR 15,700 | Nil. |
The real premiums depend on the age, medical history, the city, and optional add ons required.
Did you know?
The wellness points system offered by Magma HDI helped some of the top online insurance portals to save up to 12 percent on their renewal premiums.
Is it possible to pay ICICI Lombard or Magma HDI premiums monthly or quarterly?
Yes, in 2025 both will accept EMI/periodic payment of premiums through digital wallets or UPI.
The claims procedure on each is now entirely computerized:
| Insurer | Settlement of Claims Ratio. |
|---|---|
| ICICI Lombard | 97.8 percent |
| Magma HDI | 96.2 percent |
Both schemes have enhanced less than 24-hour claim time to the majority of cashless hospitalisation.
Pros:
Cons:
Expert’s insight:
The new health claim regulations by IRDAI in 2025 are pushing the insurers to even quicker claim settlements and both ICICI Lombard and Magma HDI are the first to adopt e-claim verification.
How is the primary distinction in claim process in these plans?
They both utilize online claim formulations. ICICI Lombard has a very slightly bigger hospital network, in 2025, resulting in increased opportunities of instant cashless authorisation.
The two insurers have also become more wellness and preventive health-oriented:
Both have family floater add ons, maternities and critical illness protection which should be sought with an eye to exclusions and sublimits.
Did you know?
The costs of preventive health checkup are also tax exemption up to INR 5000 per family in Section 80D (as per 2025 Union Budget).
Do wellness rewards save the premium of the following year in such plans?
Yes, the two providers have the option of wellness rewards that offset renewal premiums to motivate policyholders to maintain a healthy status.
All policies contain exemptions and waiting times:
Look in your policy schedule on disease specific waiting periods or permanent exclusions list.
The exclusions should always be looked through, as certain treatments are excluded such as dental, spectacles, or vitamins, unless extra covers are added.
In these plans how fast can you claim on a new policy?
In the case of accidental hospitalisations, the waiting is very minimal; in the majority of other hospitalisations, 30 days following the policy start date is permissible before claims.
Expert’s insight:
All policies now must have digital disclosure of all the exclusions in more detail by 2025 by IRDAI to enable the buyer to compare more effectively in terms of transparency.
The comparison of ICICI Lombard Elevate Plan and Magma HDI Onehealth Shield Plan will assist the Indian families to make wiser choices in regard to health insurance in 2025. The two schemes offer extensive sum insured coverage, excellent network hospitals, in-patient treatment, and wellness schemes. ICICI Lombard Elevate has superior features in higher sum insured and more instant cashless link, whereas Magma HDI Onehealth Shield has features of affordability and wider advanced treatment coverage. Look into waiting times, claim form, add ons and family needs prior to purchasing.
What is the better policy of a young Indian family in 2025?
In case of the budget consideration and further new age treatment is a matter of concern, Magma HDI Onehealth Shield will be beneficial. In case of higher protection limit and all India access to hospitals; then ICICI Lombard Elevate is better.
Do the two plans cover pre existing diseases?
Yes, on expiry of waiting terms (2 years in the case of ICICI Lombard, and 3 years in the case of Magma HDI).
Are these plans of choice to senior citizens?
Yes, both have provisions of older adults, where ICICI Lombard allows up to 65 years, Magma HDI allows up to 70 years.
Who has the best wellness and preventive care coverage?
The two plans focus on wellness; however, the digital portal, and preventive focus of Magma HDI in the 2025 make it a better choice.
Are the two inclusive of COVID and seasonal viruses?
Yea, COVID and other related hospitalisation on pandemic are insurable through policy terms and IRDAI guidelines.
What is the experience with renewal and portability of such plans?
The policies both promote the lifelong renewal and portability according to the rules of IRDAI, which is flexible and continuity.
What are the ratio of claims settlements of the two insurers?
Based on the latest annual figures, ICICI Lombard is at 97.8 percent and Magma HDI is at 96.2 percent.
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!
