*T & C Apply
Rising Cost of Healthcare in India 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: National Sample Survey Organisation & 2015 Health Care Outlook India - Deloitte
Few Example of Rising Healthcare Costs COST OF ANGIOPLASTY DELIVERY - MATERNITY CATARACT 17% Per Annum `4,50,000 26% Per Annum `45,000 15% Per Annum `42,000 `175,000 `16,000 `18,000 2007 2015 2007 2012 2007 2015 *Source: Cardiology Society of India & Vidal Healthcare
Where do Funds for Health Care Expenses come from? Commercial Health Insurance 8% Below Poverty Line Social Insurance Most of us feel that health insurance or other investment options are used for healthcare expenses Maybe Not! 58% 27% This study reveals that majority of healthcare expenses are managed from personal savings, cash, etc. Personal Savings, Cash, Gold, etc. 7% Government Healthcare Schemes What if there is another investment avenue that not only provides potential returns but also caters towards healthcare expenses. Source: Government Sponsored Health Insurance - Are you covered? Gerard La Forgia and Somil Nagpal; World Bank 2012, Table 3.1
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 estimate of medical 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 are additional expenses, 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 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 Please call on 080 49166710 To view the network of empanelled hospitals and diagnostic centres. Visit: www.health4sure.in/iprumf/netwo rklist.pdf Call 080 49101010 to speak to a doctor 24/7, for any health query. * 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
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 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 MAF for your Family Post folio creation, enroll your family (parents, father/mother in-law, spouse, upto 2 dependent children) for their healthcare expenses 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 Power of Three Invest in three schemes with just one Cheque ICICI Prudential Savings Fund (50%) ICICI Prudential Balanced Advantage Fund (45%) ICICI Prudential Value Discovery Fund (5%) Minimum investment amount Rs. 20,000 (Lump sum fresh purchase) to satisfy minimum investment criteria for all the three schemes. 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 services offered under this feature are subject to terms and conditions E-card 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.)
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 level provider network covers 800 cities and has Empaneled over 5,000 hospitals 1,000 Diagnostic Centers in addition to Doctors, Specialists, Counselors, Nutritionists and Trainers. Group entities have impacted over 20 million lives.
RISKOMETER ICICI Prudential Savings 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.