Apollo Munich Health Insurance
A joint venture between one of Asia’s largest health care providers, Apollo Hospitals Group, and Munich Re, a Germany based premium Reinsurance Company, Apollo Munich Health Insurance is a well-recognized and trusted name amongst the private sector health insurance companies in India.
Originally, the company was a combined venture between Apollo Hospitals and DKV AG; a subsidiary of Ergo Group and owned by Munich Re. Munich Re acquired an extra 23.27% of shares for Apollo Munich Health Insurance Company in January 2016, raising their shareholdings to 48.75%.
One of the first standalone health insurance companies to enter the private sector market after the liberalization of the Indian insurance industry, Apollo Munich Health Insurance has done a remarkable job over the years. Especially with the availability of Apollo Munich Health insurance online, purchasing these insurance policies has become a lot easier for people. You can compare Apollo Health Insurance plans and purchase the one that best suits your need.
Benefits
- Cashless options -The Company has a huge network of hospitals to make healthcare easier and more accessible to its customers.
- Claim settlements-The company provides a 24/7 call assistance for claim settlements for health insurance.
- Convenient renewals-It has an easy and hassle-free health insurance renewal policy.
- Add ons-To help the policyholder maximize on the benefits of their health plan, the company also provides several add-on covers along with its policies.
Plans offered by Apollo Munich Health Insurance
With the cost of hospitalization and medical facilities getting more and more expensive every year, Apollo Health Insurance plans provide the optimal solution. The company has designed clear policies, innovative products, and transparent procedures to help bring quality healthcare within the reach of every individual. There is a wide range of Apollo Health Insurance plans that are designed to cater to individuals, senior citizens, and families, with many benefits to suit your budget range.
Mentioned below are some of the most popular health insurance plans by Apollo Munich Health Insurance Co. Ltd.
Apollo Munich Optima Vital Insurance Plan
Apollo Munich Optima Senior Insurance Plan.
Apollo Munich Easy Health Premium Plan
Frequently Asked Questions
Will I have to go through a pre-medical checkup every time before I can avail the coverage?
A pre-medical checkup is not a requirement under all policies and it mostly depends on your medical history.
Who or what is TPA?
TPA refers to a third party administrator, which in this case is FHPL or Family Health Plan Limited.
What is the general term of the health insurance policies by Apollo Munich?
The term plan for health insurance policies offered by Apollo Munich is generally one or two years.
Shopping for health insurance just got a whole lot easier.
Review of Apollo Munich Health Insurance
A leading insurance company in the nation, Apollo Munich Health Insurance is an enduring brand and a trusted name among its patrons. Besides being recognized as the claims leader by the Insurance India Awards 2016, the company was also tagged as the Best Health Insurance Provider by Money Today in 2015.With a claim settlement ratio of 95% and insurance renewability opted by 80% of its customers, the company has a really impressive statistics. The incurred claims ratio, which is the ratio of the amount that the company takes in as premium and the amount that they pay out as claims, is 64.61%.