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2 mins Read | 2 Years Ago

ICICI Bank – Financial Preparedness for COVID-19 based emergencies

Dear Customer

We are facing uncertain times with the resurgent wave of COVID-19. We would like to offer some suggestions so that you are prepared to address any financial requirements in the current scenario.

1. Stay aware as a family

In these times of worry, having a shared awareness of our financial resources as a family can be essential. Here are a few essential checks -

Check all your existing Life and Health Insurance documents to find all the relevant information.

Check details of your Health Insurance, like coverage for the entire family; or exclusions if any. Also check for riders, if applicable.

Ensure that the medical cover doesn’t come with caveats like heavy co-pay/capping etc. and comes with home-care plans in case of home quarantine etc.

Check if the cover is adequate to tackle hospitalisation as per the current medical expense trends.

Ensure that your family is aware of the various insurance policies you have.

2. Keep relevant details handy

In case of emergencies, we should have all the requisite details handy.

Check your policy number, details and other information and have it handy.

Prepare a list of hospitals close to your home that provide cashless treatment for COVID-19 and other emergencies, according to your policy.

Find hospitals close to other family members that provide cashless treatment for COVID-19 and other emergencies, according to their policy.

Have an emergency reference kit with all the details like account numbers, nomination, etc.

Note down the specific helpline numbers of your Health and Life Insurance policies. ICICI Lombard Helpline Number - 1800 2666

3. Empower your family

Our family’s well-being is our concern. In case of emergencies, they need to be equally empowered to handle the situation.

Avail an add-on card on your account that can be used by your family in case of emergencies.

Get Add-on Debit Card

Link all the accounts of family members – Link your Current and Savings Accounts under family banking options, for utilising a larger corpus of the entire family’s funds.

Know More Family Banking

Provide cashless treatment ID cards to all family members, if provided by your insurer.

icici lombard Health Care

4. Plug gaps in coverage

Ensure that you are adequately covered and have upgraded your coverage, if needed.

Avail adequate Health Insurance coverage — Health Insurance can help cover the cost of hospitalisation and other expenses. Avail a Top-up insurance if needed.

Enrol for Health Top Up

Insure your parents and elders — Make sure the family elders are adequately insured, to cover for costs of any emergencies. For additional coverage, check out the Senior Citizen Health Insurance, a product designed especially for customers aged between 56 and 75 years. This plan offers a sum insurance of up to Rs. 10 lakh.

Health Insurance

5. Sources for additional funds

In case of emergencies, have an common understanding within the family about the various sources of funding you can avail.

Credit Card against Fixed Deposit
You can avail an instant credit card against your existing Fixed Deposit and use the same for payments.

Apply now for CC against FD

Insta Loan Against Shares/Mutual Funds
You can now avail an Instant Loan Against Shares (LAS) or an Instant Loan Against Mutual Funds to fund emergencies.

Apply now for Insta LAS

FlexiCash
FlexiCash is a facility offered to ICICI Bank Salary Account customers, whereby you can avail a line of credit/overdraft facility to meet unplanned expenses.

APPLY NOW for FlexiCash

Overdraft against Fixed Deposit (FDOD)
In case of emergencies, raise funds immediately, by using an Overdraft Facility against your existing Fixed Deposit.

Know More OD against FD

6. Stay Home Stay Safe – Avail banking services online

You can avail many of our products and services like digital payments, digital wallet services, Instant Credit Card, Instant Personal Loan and many other products online. Additionally, you can bank with us on any of our online channels like WhatsApp Banking, Internet Banking, the iMobile Pay app etc. Click here to check out all the products and services from ICICI Bank.

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