Healthcare coverage, the only tool that makes medical treatment accessible and affordable, is one of the growing necessities that have occupied an important position in life of a person. These products have brought solution to the problem of increasing medical costs. It is beyond doubt that it is becoming very difficult for the common man to afford quality healthcare. Each and every one of us need to ponder over it and look at alternative that could be helpful, especially when these expenses are likely to mount at fast pace.
Many people in India are already facing financial problems, due to rising medical care expenses. It is simply because these people didn’t buy health insurance on time. There are many people who are deprived of quality healthcare, just because of high treatment expense that they cannot afford. It leads to various other problems not only for a person but for all members of a family, who have to hunt for money at the eleventh hour. An ideal way to deal with these issues of life is to buy health insurance that offers the required coverage to people and make medical treatment easy. One need not have to give away the deposited money, which can be used for other purposes.
There are many healthcare coverage plans available in market. One needs to look for a comprehensive plan that could offer complete coverage at reasonable price. The recent market survey conducted by Economic Times showed that Easy Health, a pure health insurance products brought by Apollo Munich is the best-in-class product. It grabbed 5-star rating, when different products in India were compared on basis of coverage limits and the premium charged.
Apollo Munich is a joint venture between the Apollo Group of Hospitals, the leading chain of hospitals in Asia and Munich Re, new business segment of Munich Health, leading insurers in Germany. The company has turned up in the market to offer innovative healthcare solutions to the Indian citizens. It has brought numerous medical insurance products into the Indian health insurance market to offer complete coverage to people’s health needs.
Easy Health, a 5-satr rated product, offers coverage to inpatient treatment expenses, pre- and post-hospitalization expenses, day-care procedures, domiciliary treatment, health check-up, etc. it is a comprehensive products that include many other benefits and help its customers to enjoy life to the fullest. This plan is available in three variants, which are
These variants are designed, keeping in mind health needs of people of different sections of society. It gives a person an option to choose sum insured or the cover amount in the range of Rs.1 Lac to Rs.10 Lac, as per an individual’s need. The above stated variants differ from each other with regard to cover amount and few other benefits. The Premium variant offers the maximum coverage.
The plan pays in-patient treatment expenses and is designed to cover boarding and lodging, anaesthesia, diagnostic procedure, surgical appliance, intensive care unit, operation theatre, cost of prosthetic and other equipments and devices (if implanted internally during surgical operation), medical practitioner charges, drugs, and other medical procedures as per the policy’s terms and conditions.
A person buying Exclusive or Premium variant gets an optional coverage for maternity benefit that offers an insured lump sum amount in an event of child birth. The amount of money an insured receives is directly stated in the plan’s policy wordings. This amount also includes a certain amount for pre- and post-natal expenses. These two variants also give a person an additional coverage for eight enlisted critical illnesses. These comprise cancer, first heart attack, sclerosis, major organ transplantation, renal failure, paralysis, stroke and coronary artery surgery. Both maternity and critical illness benefits can be opted for on payment of extra premium. A person opting for critical illness benefit gets double protection.
Easy Health plan comes with an option to choose a policy period of either 1 or 2 years. People buying it for two years get some extra benefits, such as a discount of 7.5% on premium. In addition to it, the entry age of the plan, which was previously 60 year, has now been increased to 65 years, subject to the condition that a person aged more than 60 years and less than 65 years can buy this plan with cover amount of only 1 or 2 Lac.
Furthermore, there is a facility of lifelong renewal that gives customers an opportunity to enjoy health cover for the entire life by renewing their policies regularly. One can also enjoy the facility of portability and shift from the other provider to Apollo Munich along with accrued benefits. This plan also gives cumulative bonus to policy holders, if claim for the money is not made in the entire year, subject to terms and conditions of the policy. This bonus amount adds up to sum insured amount and augment the cover amount for the next year.
Apollo Munich also offers some add-on services with this plan to help customer to stay healthy always. These are Cashless Hospitalization, Health Risk Assessment and Healthline
Cashless Hospitalization has made inpatient medical treatment accessible for insured people, who can visit network hospital for treatment, where medical bills are directly settled by an insurer. One need not have to pay for the medical treatment costs and at the same time, stays away from claim process. The Healthline is a medical helpline where customers can call and seek doctors’ advice on health issues. The Let’s Stay Healthy Portal enables people to remain more updated with their health status.
Apollo Munich thus ensures that the Easy Health Plan provides all-round coverage.