Apollo Munich—a pure health insurer

Apollo is the most popular healthcare group in Asia. People are quite aware of this word as it is believed that it is believed to have expertise in the field of healthcare, because of a team of highly qualified and dedicated staff that offers best quality healthcare service. Few years ago, the Apollo Group of Hospitals decided to enter the health insurance sector in India and thus, joined hands with Munich Health, new business part of Munich Re, Europe’s leading insurer.

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.

Accident Insurance and a relief to a family

People in India fear of the word ‘Accident’, as this event does not only results in bodily injuries but sometime may lead to death or disablement. A person might become victim of such events and might bring health risks or the problems along with it. One of the biggest problems that a family faces is financial problems.

At these times of medical emergencies, a person might have to pay long hospitalization bills. Are they affordable? Such questions distract mind. So, before a person becomes victim of any such incident, he/she should get accident insurance, as these products bring relief to the entire family.

Accident insurance plans are well designed to offer a lumpsum payment of sum assured in case of death of an individual due to accident. It pays for a certain proportion of sum assured amount in case of disablement or other bodily injuries. The amount payable depends upon the bodily injuries incurred and the coverage limits of the plan.

Apollo Munich’s Individual Personal Accident plan is a well thought and designed. It offers coverage to death, disablement and other bodily injuries. To make it suitable for people of all income groups, the plan is available in two variants—standard and Premium.

Buy Medical Insurance – as per need

The current healthcare statistics show that the health insurance condition in India is not good. There is very small pool of people who are insured and thus, are able to seek quality medical care, when required. The reason is that medical costs are increasing speedily and they are not wealthy enough to pay for the same from their pockets. But, it become must at the time of medical emergency and thus, family members look for various available options and bring financial stress.

An ideal way to stay away from these issues is to buy health insurance. There are various types of these plans. A person can buy medical insurance, as per his/her needs and budget.

Few of its plans work on the principle of benefit that pays an insured a lumpsum amount, as per the terms and conditions of the plan while other work on the principle of indemnity and pays for the medical expense incurred. Accident insurance is the example of the former and health insurance is the example of the later.

Apollo Munich, a pure health insurance, has brought plans of all types of plans and offerings coupled up best services and facilities. They are first to offer lifelong renewal facility to help people enjoy coverage throughout the entire life.