user
Naman Jain

Question

I bought ICICI Prudential Health Saver Medical Policy in Jan. 2011 for my mother. The premium paid was Rs 15000/annum. I came to know i have to pay premium for the first seven years and i will get claim for 75 years . Also in case of claimant death i will the refunable premium amount of highest NAV of that time. Is this is right or not.kindly let me knw.

  • Asked By: Naman Jain
  • On: 15th Sep 2011 4:42 PM
  • Answered Within: 7 Hours
expert
MIC Expert

Answer

ICICI Prudential Health Saver Insurance Plan has the benefits of a Health Insurance Plan along with the benefits of market linked ULIP Plans. This plan provides guaranteed coverage up to age 75 for you and your family against medical expenses incurred due to hospitalisation. There is coverage against pre-existing illnesses and conditions after 2 years of policy inception.

In case of death of your mother, you would receive the entire fund value and the policy would be terminated. This policy provides you cover against medical expenses that require a minimum of 24 hours hospitalisation. In addition, over 125 day-care procedures are also covered. This policy also provides Health Savings Benefit which entitles you to claim reimbursement for health care expenses incurred by any of the insured members from your health fund.

 

  • Answered By: MIC Expert
  • On: 16th Sep 2011 12:01 AM
Naman Jain likes the answer.
Naman Jain

Answer

Thank you very much for reply. One more question i would like to know about this policy is that now i do not want to continue this policy further. Would i able to get my refund of premium which i paid in Jan. 2011(my first premium, i didn't get any claim anything till now). Look forward to hear from you

  • Answered By: Naman Jain
  • On: 9/18/2011 4:10:35 PM
Rupanjali

Answer

If premium is not paid for the first three policy years and if the policy is not revived within the period of two years from the due date of the first unpaid premium, then the policy will be terminated. In this plan, there is no Surrender Benefit and hence you you would not be able to surrender your plan

  • Answered By: Rupanjali
  • On: 9/18/2011 4:28:03 PM

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