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This benefit entitles you to claim reimbursement for health care expenses incurred by any of the insured members from your health fund. Some of the benefits covered under the health savings benefit are
- Medicines and drugs
- Diagnostic expenses
- Dental expenses
- Co-pays or deductibles as part of the medical insurance cover
- Other miscellaneous medical expenses not covered under medical insurance
The benefit can be claimed after 3 completed years of the policy and is subject to the existing fund value as given below
| 4th yr & 5th yr |
6th yr to 10th yr |
11th yr onwards |
| 20% of Health Fund |
50% of Health Fund |
100% of Health Fund |
Claims can be made once in a policy year on producing actual bills or proof of expenses. The minimum amount that can be claimed is Rs. 1,000.
Please Note: Partial withdrawals other than those for health care expenses will not be permitted under this benefit. Also partial or complete surrender would not be available under this policy. Please refer to policy terms and conditions for further details.
How to build your Health Savings kitty?
To create the health fund part of the premium paid by you is invested in unit linked funds You have the option to choose from two unique portfolio strategies:
LifeCycle-based Portfolio Strategy
This strategy takes into account your life stage. Your investments will be distributed between two Funds – Health Flexi Growth and Health Protector in a proportion that depends on your age. As you move from one age band to another, we will redistribute your funds based on your age.
Your investments will be allocated to the Health Flexi Growth and Health Protector Funds on a predefined schedule.
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Fixed Portfolio Strategy
This strategy allows you to allocate your investments into different classes based on your personal judgment. Under this strategy, you can choose to invest fully in any one fund or various funds. You have a range of seven funds to choose from.
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ICICI Pru Health Saver UIN 105L087V01
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