*t & c apply · folio. investor can walk into any icici prudential mutual fund branch for card...
TRANSCRIPT
*T & C Apply
Rising Cost of Healthcare in India
Source:
National Sample Survey Organisation & 2015 Health Care Outlook India - Deloitte
We have a financial plan in place for
retirement, children's education,
marriage, buying a dream home
BUT do we have a financial plan to
meet our healthcare expenses?
Total expenditure on healthcare is
estimated to rise at an annual rate of
12% from an estimated $96.3 billion in
2013 to $195.7 billion in 2018.
AVERAGE MEDICAL EXPENDITURE
16000
14000
12000
10000
8000
6000
4000
2000
0
Rural Areas
`14,935
`5,695
2004 2014
30000
25000
20000
15000
10000
5000
0
Urban Areas
`24,436
`8,851
2004 2014
*Source: Cardiology Society of India & Vidal Healthcare
Few Example of Rising Healthcare
Costs
COST OF ANGIOPLASTY DELIVERY - MATERNITY CATARACT
2007 2015
`4,50,000
17%
Per Annum
`175,000
`45,000
`18,000
26%
Per Annum
2007 2012
`42,000
15%
Per Annum
`16,000
2007 2015
Source:
Government Sponsored Health Insurance - Are you covered?
Gerard La Forgia and Somil Nagpal; World Bank 2012, Table 3.1
Where do Funds for Health Care
Expenses come from?
58%
8%
27%
7%
Commercial Health
Insurance Below Poverty Line
Social Insurance
Personal Savings,
Cash, Gold, etc.
Government
Healthcare Schemes
What if there is another investment avenue that not only provides potential returns
but also caters towards healthcare expenses.
Most of us feel that health
insurance or other investment
options are used for healthcare
expenses – Maybe Not!
This study reveals that majority
of healthcare expenses are
managed from personal
savings, cash, etc.
Solution - Medical Advantage
Feature (MAF)*
What if you could seamlessly route the money lying in your mutual fund to meet your medical expenditure?
ICICI Prudential AMC Ltd. in collaboration with Vidal Healthcare Services Pvt.
Ltd. brings to you a solution that allows you to pay for your healthcare
expenses through your investment in designated schemes of ICICI
Prudential Mutual Fund.
* The services offered under this feature are subject to terms and conditions
How Can Investors Avail This
Benefit?
Invest in designated schemes
of ICICI Prudential Mutual Fund
with Medical Advantage
feature under a new or existing
folio
Get the Medical Advantage
Feature Card
Need for medical expenditure
arises – Contact Vidal Health
and visit hospital Hospital gives an
medical estimate of
expenses
Fill Medical Redemption
Form available at
hospital with reference
to MAF Card / Folio
Top up your ICICI Prudential
Mutual Fund investments for
future medical needs, through
additional investments
If there
expenses,
are additional
the remaining
units will be redeemed
Some units are redeemed to
meet some current expenses
and units are blocked in case of
additional costs
(As per hospital estimate)
*It’s advised to contact Vidal Healthcare Helpline at 080-49166710 two days prior to
planned hospitalization or a diagnostic test
The services offered under this feature are subject to terms and conditions
Benefits of the
Medical Advantage Feature
* Discount on hospital bills are subject to terms and conditions. It is recommended that the investor calls Vidal Health before visiting the hospital to know more about the discounts
CASHLESS FACILITY
Cashless access to
any empanelled hospital
MEDICAL DISCOUNTS
*Discount upto 25% on
hospitalization and diagnostic tests
DOC 'ROUND THE CLOCK
24X7 helpline to get
medical advice
Call 080 49166710 to get cashless
access to any of our 6000 empanelled
hospitals
Call 080 49101010 to speak to a
doctor 24/7, for any health query.
Please call on 080 49166710
To view the network of empanelled
hospitals and diagnostic centres.
Visit:
www.health4sure.in/IPRUMF/netwo
rklist.pdf
Benefits of the
Medical Advantage Feature
NAVIGATOR SERVICE
Find a nearby empanelled
hospital or diagnostic centre
SECOND OPINION
Get a second opinion
Call 080 49166710 to find out which
empanelled hospitals are located
closest to you.
Visit: www.health4sure.in/iprumf.
Click on Second Opinion and log in
with your registered mobile number.
Click on Second Opinion again to fill
the form, attach medical reports and
submit.
Get doctor's second opinion within
72 hours.
The services offered under this feature are subject to terms and conditions
MAF Attributes
MAF with Multiple
Products
Enjoy Flexibility by
utilizing your investments
in designated open ended
schemes of ICICI
Prudential Mutual Fund
MAF for your Family
Post folio creation, enroll your family (parents, father/mother in-law, spouse, upto 2 dependent children) for their healthcare expenses
Integration of MAF
in Existing Folio
Now investors can enroll
in MAF using existing
folio.
Investments in the
designated schemes
would be tagged to MAF
and will be available for
medical redemption
Online enrolment
to MAF
Enrolment to MAF
available online through
website and IPRUTOUCH
The services offered under this feature are subject to terms and conditions
MAF Attributes
E-card
MAF for
Non-Individuals
Sole Proprietors and HUF – MAF
card will be used by the proprietor
and Karta of HUF
Companies – A company would
enroll into MAF, contact Vidal Health
to enroll their employees, for issuing
the Medical Advantage Card. At the
time of medical redemption,
signature of any of the authorised
signatories would be required
The Medical Advantage Card
will now be an E-card,
Process :
E-card will be sent to the
registered email id in the
folio.
Investor can walk into any
ICICI Prudential Mutual Fund
branch for card query. The
branch will authenticate the
investor, and then contact
Vidal Health.
Vidal Health will send the E-
card to the branch
employee to hand it over to
the investor.
(It is recommended to provide
email id at the time of enrolment
to avoid any hassles.)
to satisfy minimum investment
criteria for all the three schemes.
Power of Three
Invest in three schemes with just
one Cheque –
ICICI Prudential Floating Interest
Fund(50%)
ICICI Prudential Balanced Advantage
Fund (45%)
ICICI Prudential Value Discovery
Fund (5%)
Minimum investment amount Rs.
20,000 (Lump sum fresh purchase)
* The services offered under this
feature are subject to terms and
conditions
About Vidal Health Care
Services Pvt. Ltd.
Vidal Healthcare Services Private Limited is a health
management & services company. The company is
based in Bengaluru and has a pan
India presence.
Group entities have impacted over
20 million lives.
Group level provider network
covers 800 cities and has Empaneled over 6,000 hospitals
1,500 Diagnostic Centers in addition to Doctors, Specialists,
Counselors, Nutritionists and Trainers.
RISKOMETER
ICICI Prudential Floating Interest Fund
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Value Discovery Fund
DISCLAIMER
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Terms and Conditions of the Medical Advantage Feature are mentioned in the application form.