| Term |
Whole life plan
|
| Coverage |
- Hospitalisation Insurance Benefit
- Health Savings Benefit
|
| Min/ max age at entry |
- 25 years to 55 years for individual plans
- 90 days to 55 years for family floater
(Maximum cover ceasing age for children is 25 years under the family-floater cover)
|
| Max age at maturity |
Hospitalisation Insurance Benefit ceases at 75 years of age
Health Savings Benefit continues for whole life
|
| Min/ max Annual Limit |
Annual limits available under the plan are Rs. 2 lacs, Rs. 3 lacs , Rs. 5 lacs , Rs. 7 lacs and Rs. 10 lacs
|
| Min / max Premium |
Premiums would be subject to the minimum premium grid given below based on the age and number of members selected
| |
Individual
|
Family floater
|
Family floater
|
Age (Yrs)
|
All Annual Limits
|
Annual Limits upto Rs 5 lacs
|
Annual Limits greater than Rs 5 lacs
|
< 40
|
10,000
|
15,000
|
20,000
|
40-55
|
15,000
|
25,000
|
30,000
|
|
| Available premium paying frequency |
Monthly, Half Yearly, Yearly
|
| Waiting period |
30 days from policy commencement date
|
Important Benefits
Cover Continuance Option
This option ensures that your policy continues subject to foreclosure in case you are unable to pay premiums, any time after payment of the first five years’ premium. All applicable charges will be automatically deducted from the units available in your fund. You will need to opt for cover continuance, if you wish to avail of this benefit.
Death Benefit
In the unfortunate event of death of the primary insured member during the term of the policy, the nominee shall receive the total fund value and the policy shall be terminated.
The fund value paid out on death of the primary insured may be taxable in the hands of the nominee as per the prevailing tax regulations at that time.
In the unfortunate event of death of any other insured members the policy would continue for remaining insured members with the appropriate reduction in health insurance charges.
Increase or Decrease in Premium
You can increase or decrease the annual premium under the policy (subject to minimum premium grid), but such an increase or decrease would be allowed at next premium due date.
ICICI Pru Health Saver UIN 105L087V01
|
