A suitable health insurance could turn out to be a bonus in the times of need. It could be a step towards protecting and safeguarding interests of our loved ones in case the need of hospitalization arises. Hospitalization either due to an accident or because of some illness, any which way burn a hole in the savings and leave us financially and mentally stressed.

To avoid such difficult situations below are the top policies offered by Apollo Munich Health:

1. Indemnity Health Insurance Plan
2. Top-up Health Insurance Plan
3. Fixed benefit Health Insurance Plan

Indemnity Health Insurance Plans

Optima Restore Family Health Insurance Plans

This plan is most suitable for small families as it provides sum insured benefits from the range of Rs 5 lakhs to Rs 50 lakhs. There is restoration benefit of 100% basic sum assured to cover up the first claim made. It further doubles up the sum insured amount in case of consecutive two claim free years. Extended coverage of 60 days prior to and 180 days post hospitalisation is provided. This eases off the burden to a good limit.

My Health Suraksha

The following are the features of the plan:

• No restriction on room rent
• Cashless claims approved as quickly as 30 mins
• Free preventive health check ups are provided so that a constant track is maintained, and we know we are keeping hale and hearty
• Cumulative bonus – It always rewards the insured when no claim is made. The sum insured is increased by 10-20% or even more than double as a whole at times depending on the policy opted, during the renewal process.

My Health Koti Suraksha

This is a premium category health plan providing benefits in the range of Rs 50 lakhs to 1 crore. The customers have the option to choose plans basis their needs and requirements.

• When the need for hospitalization arises – the insured enjoys the freedom to choose the type of room up to the standard AC private room
• Pre hospitalisation of 60 days and post hospitalisation charges incurred towards investigaion, additional therapy session of doctor’s consultation charges are included as a part of the plan.
• Cumulative bonus – Every claim-free renewal can add up to 10% of sum assured to a maximum of 100%.

Top-Up Health Insurance Plans

As the name suggests, this type of plan further compliments our existing insurance plan. The idea is to enhance to a wider coverage at a low premium cost. This provides a boost to the current plan as this is one of the super top up plans available at a pocket friendly premium amount.

My Health Medisure Super Top-up

The top up plan provides the below benefits:

• This top up plan could be termed as an all-inclusive family top up plan as it ensures majority of our loved ones are benefitted from the wider coverage – right frm our parents to in-laws, niece, nephew, spouse, and our kids.
• No health check ups up to age of 55 years is required
• This could be availed as a long-term policy of 2 years and a 5% discount on the premium is offered to the insured. However, if we wish to cover our family of more than 2 members then we can avail a 10% discount on the individual sum assured.

Exclusions from the plan:

• Treatments required for obesity or cosmetic surgery
• Any claims made due to war
• No claims/costs would be covered if insured meets with any accident while participating in the Army/Navy/Air Force operations.
• Venereal or sexually transmitted diseases

Fixed Benefit Insurance Plans

Major illnesses requiring a prolonged treatment are covered under this plan. This also works in addition to the existing cover plan. The previous plans that we looked at pay us basis actual costs incurred to date, whereas a lumpsum plan pays in a go. Expenses arising out of Cancer, Paralysis, Stroke, or multiple sclerosis are covered under this plan.

Critical Illness Insurance:

There are two types of Plans under this head – Silver and Platinum.

Claims would be entertained after a waiting period of 90 days under these plans. The sum assured is cleared off in a single transaction. These plans are available for 1 or 2 years with a smooth option of renewal.

The survival period is of 30 days – meaning the patient should survive a minimum of 30 days once he/she is diagnosed with the diseases under this plan.

The diseases covered both these plans are as under –

Silver Plan	Platinum Plan
Heart Attack	Aorta Graft Surgery
Stroke	Primary Pulmonary Arterial Hypertension
Cancer	Heart valve replacement
Kidney Failure	Parkinson’s disease
Coronary Artery Bypass Surgery	Alzheimer’s disease
Multiple sclerosis	End stage liver disease
Organ Transplantation	Stroke
Paralysis	Heart Attack

Travel Insurance Plans

Having a travel insurance is more than a safety move while planning to venture out in these unprecedented times. Apollo Munich Health has got you covered in the best possible ways. The heavy medical expenses arising out of COVID-19 calls for a safety precaution if unfortunately, one faces any health issues while travelling. It acts as your “SafetyKaTicket” and protects you.

It has the following categories of travel insurance plans:

Travel Insurance – Individual

Travel Insurance – Family

Travel Insurance – Student

Frequent Flyers Insurance

Key Highlights of Student Plans are as below:

• Refund of tuition fees if in case study gets affected due to a prolonged hospitalisation or death of a family member
• Loss of passport
• Sponsor protection – Tuition fees would be paid off if the guardian/sponsor has an accidental death
• Compassionate visit – Any family member visiting the insured when hospitalised for more than 7 days
• Bail Bond facility – The bail amount would be borne by the insurer in case of arrest/detention for a bailable offense.

Inclusions	Individual	Family	Student	Frequent Flyer
Emergency Medical Coverage – Cashless Facility	Yes	Yes	Yes	Yes
Dental expenses	Yes	Yes	Yes	Yes
Hospital daily cash allowance	Yes	Yes	No	Yes
Accidental Death	Yes	Yes	No	Yes
Permanent Disablement	Yes	Yes	Yes	Yes
Loss of Baggage & Personal Documents	Yes	Yes	Yes	Yes
Personal Liability	Yes	Yes	Yes	Yes
Hijack Distress Allowance	Yes	Yes	No	Yes
Hotel Accommodation	Yes	No	No	Yes

Apollo Munich Health Home Insurance Plans

Building a home is one of our most prized and valued dreams. When we build a home, we not only create a structure but also create an atmosphere of belongingness with our prized possessions that beautifully decorate our home. It is with our lifelong earnings and savings that fetches us this dream at some point hence it is crucial to protect it and not lose it all in a striking unexpected natural calamity or any accident.

Apollo Munich Health has two specific plans – For Tenants and for owners. Let us look into the details:

Details	Insurance for Tenants	Insurance for Owners
Validity	1 to 5 years	1 to 5 years
Coverage up to Rs. (including property & possessions)	Rs. 25 lakhs	Rs. 25 lakhs
Type of discounts	Security discount, salaried discount, Intercom discount, long-term discount	Security discount, salaried discount, Intercom discount, long-term discount
Portable Electronics covered	Yes	Yes

Inclusions forming part of the plans:

• Loss due to fire, burglary & theft
• Electrical breakdown – Due to breakdown of home appliances by accident
• Natural calamities – earthquakes, floods, cyclones, etc.
• Man-made disasters – These highly affect the peace of mind too – they include riots, terrorism, malicious acts, and strikes
• Accidental damage
• Alternate accommodation is provided – shifting expenses, emergency purchases expenses, hotel/rent accommodation expenses for the family, etc.

Exclusions forming part of the plans:

• Willful misconduct
• Third party construction loss
• Under construction home insurance is not covered
• Wear & tear due to maintenance and renovation
• War loss/damages & old content – valuables over 10 years of age would not be covered

Best policies of Apollo Munich Health Life Insurance

Apollo Munich Health Life Insurance caters to a wide range of life insurance and wealth management plans. The key details of the best policies of Apollo Munich Health life insurance is listed in the table below:

	Plan type	Entry age (min)	Minimum sum assured	Key Highlight
My Health Suraksha Insurance – Silver Smart Plan	Health Insurance for Parents	No age specific limit as policy can be taken right after 18 years of age	Rs. 3 Lakhs (Up to Rs. 5 lakhs)	No medical tests required up to 45 years of age. Ayush Benefits and mental healthcare benefits are included. Waiting Period: Pre-existing diseases will be covered post first 3 years of renewal
My Health Women Suraksha	Health Insurance for Women	No specific limit – can be taken any time as suitable	Rs. 3 lakhs to Rs. 1 Crore	Attractive discounts: - Up to 5% for online policy - 7.5% on two years policy - 12.5% for three years policy Waiting period: 90 days for Major expenses. 180 days for Minor expenses.
Energy Health Insurance	Health Insurance for Diabetics	18 to 65 years of age	Silver and Gold Plans in range of Rs. 2 Lakhs to Rs. 50 Lakhs (difference being inclusion of wellness test in Gold Plan)	Includes – Wellness Program & incentives, Personal heath coach Waiting Period: 2 years for specified & 3 years for PEDs

Review and Ratings of Apollo Munich Health Life Insurance

Apollo Munich Health Life has trained distributors throughout the country with a dedication towards providing effective financial and insurance suggestions to customers. At present, the company caters to more than 200 cities across India.

The market share of the company between 2015 and 2020 is as specified below:

Year	Market share
FY 2015	3.8%
FY 2016	3.5%
FY 2017	4.6%
FY 2018	4.8%
FY 2019	5.1%
FY 2020	6.2%

It was in November 2020, merger between Apollo Munich Health General Insurance and Apollo Munich Health Health Insurance that was responsible for the significant increase post that period. Overall, the private sector insurers have held a tight grip over the Indian general insurance landscape and these numbers are mere proof of the same holding.

Apollo Munich Health Life has also seen steady growth in the Claims ratio. The table below shows the Claims ratio of the company between 2014 and 2019.

Year	Claim Settlement Ratio
2014 – 2015	90.50%
2015 – 2016	95.02%
2016 – 2017	96.62%
2017 – 2018	97.80%
2018 – 2019	99.04%