It led to the foundation of Apollo Munich. The company was set up with the objective to Uncomplicate health insurance for the people of India and is working in the same direction. It promises its customers to take the fear out of faces, the jargon out of words, the bitter out of medicines and the trouble out of treatment. Apollo Munich is looking forward to offer coverage to more than 500 million people over next 5 years.
The company has adopted a unique ideology of identifying people’s health needs and then designs the product accordingly. Its newest product Optima Cash is designed after identifying the need of coverage to additional hospitalization expenses. Optima Cash is a daily cash hospital benefit plan that pays a Lumpsum payment to an insured, depending upon the number of days he/she is hospitalized.