Apollo Munich Health Insurance vs Future Generali Health Insurance

In the recent years, incidences of diseases and healthcare costs both have been increasing at an alarming rate. Without a financial cushion to fall back on such rising medical costs can impact your finances. Health insurance has thus become a necessity. For some all-inlclusive and value-for-money plans, check out these policies offered by Apollo Munich Health Insurance and Future Generali Health Insurance. 

Apollo Munich Health Insurance vs Future Generali Health Insurance – Overview 

Parameter Apollo Munich Health Insurance Future Generali Health Insurance
No. of health insurance policies 10+ 13
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer service Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches 100+ 125+
Claim settlement ratio (CSR) 92% 95.28%
Cashless claim settlement time Within 20 minutes  Within 90 minutes
Network Hospitals  10,000+ 4,000+ 

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) –years 2019-2020.

Health Insurance Policies: Apollo Munich Health Insurance vs Future Generali Health Insurance

Apollo Munich Health Insurance, now known as HDFC Ergo Health Insurance, is a part of one of the largest financial institutions in India. The company, with a 1,50,00,000 customer base, has been a leading player in the insurance sector for two decades. Its high claim settlement ratio (CSR) of 92% is a testament to its consistent performance. 

Future Generali Health Insurance is a joint venture between one of India’s largest retailers – the Future Group, the global insurer, Generali Group, and a leading investment company – the IITL Group. Future Generali has over 1,20,00,000 policyholders across India and a high CSR of 95.28%. 

Senior Citizen Insurance Policy: 

Apollo Munich has 3 policies to cater to senior citizens’ needs:

  • MyHealth Suraksha Silver Smart Plan 
  • MyHealth Suraksha Gold Smart Plan 
  • MyHealthMedisure Super Top-up 

These policies offer: 

  • Sum insured (SI) amounts up to Rs.15,00,000
  • Coverage for 
    • domiciliary treatment, in-patient, pre and post-hospital care
    • alternate (AYUSH) treatments
    • Organ donor expenses
    • 586 daycare procedures
    • In-patient hospitalization for mental illness 
    • Air and road ambulance expenses 
  • Recovery benefits on long-term hospitalization 
  • Free health check-ups every year
  • SI Reinstatement 
  • Waiver of pre-policy medical check-up up to age 55 years 

Future Generali’s Senior Citizen Policy, called ‘Future Varishta Bima’ offers: 

  • SI amounts up to Rs.10,00,000
  • Coverage for 
    • In-patient hospital care (including expenses for doctors/nursing fees, room rent expenses, expenses for medication and drugs, consultation fees)
    • Daycare procedures
    • Pre and post-hospital care 
    • Road ambulance expenses 
  • Free annual health check-ups
  • 50% reimbursement of pre-policy medical test charges

Critical Illness Policy: 

Apollo Munichs offers: 

  • Two plans – 
  • A Silver Plan covering 8 critical illnesses
  • A Platinum Plan that covers 15 critical illnesses 
  • Protection against life-threatening diseases including cancer, stroke, multiple sclerosis, permanent paralysis, etc.
  • Lump-sum payout of the sum insured (SI) upon diagnosis of the ailments covered
  • Waiver of pre-policy medical check-up up to 45 years of age

Future Generali’s Critical Illness plan ‘Future Criticare’ offers:

  • SI amounts up to Rs.50,00,000
  • Lump-sum payout on the detection of diseases covered 
  • Coverage for 12 critical illnesses such as cancer, stroke, liver failure, and more. 
  • Waiver of pre-policy medical tests up to the age of 45 years
  • 50% reimbursement of pre-policy medical test expenses for individuals aged 46 years and above 

Vector-borne Insurance Policy: 

Apollo Munich has a ‘Mosquito Disease Protection Policy’ that offers: 

  • Coverage for 7 vector-borne diseases such as dengue fever, malaria, chikungunya, etc. 
  • Inclusion of in-patient, pre and post-hospital care expenses 
  • Optional covers for out-patient treatments (including consultation fees, diagnostic tests and pharmacy expenses) 
  • Recovery benefits
  • Health coaching for disease management, fitness, and nutrition 
  • Full payout in case of deaths due to vector-borne diseases 

Future Generali’s ‘Future Vector Care’ offers: 

  • SI amounts up to Rs.7,50,000
  • Coverage for 8 vector-borne diseases such as dengue, malaria, zika-virus, etc. 
  • Lump-sum payout on hospitalization due to a vector-borne disease
  • Waiver of pre-policy medical test for all ages 

With this comparison of Apollo Munich Health Insurance and Future Generali Health Insurance plans, you will be able to make an informed choice.

Related Posts: