Apollo Munich is a joint venture between the Apollo Group of Hospitals and Munich Health. Both these partners are leaders in their respective fields of healthcare and insurance. Thus, Apollo Munich uses the expertise and proficiency of the partners and feels proud to say, “We know Healthcare. We know Insurance”.
Working on the tag line, “Let’s take the fear out of faces, the jargon out of words, the bitter out of medicines and the trouble out of treatment”, the company ensures that their customers are able to live life to a greater extent. The company has adopted a unique ideology of identifying the health needs of the people so that the upcoming products can be designed accordingly to offer coverage to the same. One such example is the launch of Optima Cash, a daily cash hospital benefits plan.
Optima Cash is a daily cash hospitalization plan that takes care of additional hospitalization expenses. It can said to be a top-up plan with pure health insurance products. The plan is not only simple and easy-to-understand, but also involves very less paper work and does not require any pre-policy check-ups. It is, truly, an uncomplicated health insurance product. The plan offers daily cash amount in case the insured gets hospitalized. An individual has to make his/her choice of opting for the daily cash amount while buying the plan. The company gives an option to choose Rs. 1000, Rs. 2000 or Rs. 3000 as a daily cash amount. This amount is paid to the policy holder on a daily basis in the event of hospitalization. The amount that one gets is the daily cash amount multiplied by the number of days he/she is hospitalized.
This medical insurance plan can be purchased for one or two years, depending upon the choice of an applicant. Its cover ceases at the age of 66 years for a 1 year policy and 67 years for a 2 years’ policy. One can purchase this policy either on an individual basis or on a family basis, as the case may be. Here, a family includes self, spouse and dependent children.
Sickness hospital cash, Accident hospital cash, Day-care procedure, joint hospitalization due to an accident and Convalescence Cash are a few of the benefits under this plan. Apart from all these benefits, the company also offers a series of discounts to customers. A person buying the policy online gets 5% discount. There is an additional 10% discount for two or more family members taking coverage under the same plan and 10% more discount for buying the plan for two years.
All these efforts are made to demystify health insurance for the people of India.