Health Saver is a new product launched by ICICI Prudential Life Insurance on this Monday. With the launch of this product now the consumers can afford their current healthcare expenses & can invest for their future health care needs. This product also gives tax benefits under section 80D on the entire premium paid.

According to ICICI Prudential Senior Vice President and Head of Health Insurance, Binay Agarwala, "With the launch of Health Saver, integrating health and savings, we are confident that consumers will be able to build up a health fund to meet their future healthcare needs as well as have optimal coverage to meet their current healthcare expenses."

The product makes the consumer capable of affording the rising cost of health care by selecting hospitalization cover limit for the family and the suitable premium.

After three years the consumer can also claim dental care, out-patient treatment and diagnostics. The customers receive coverage till 75 years for actual medical expenses incurred due to hospitalization. For every claim-free year there is a bonus of 5% of the annual limit.