Apollo Munich which is a joint venture between Apollo Hospitals Group and Munich Health, recently launched an exclusive plan for senior citizens of any age called Apollo Munich OptimaSENIOR. Any person of age 61 and above can avail this plan.

Some of the good features of OptimaSENIOR are:

• It can be purchased by Senior Citizens of any age
• Option to choose cover upto 5 Lakhs
• No loadings on renewals
• A free second opinion from their medical panel for listed Critical...  Read More »

Apollo Munich Health Insurance (AMHI), one of India’s standalone health insurance companies has entered into a multi-year partnership with former Indian cricketer and our very own Dada – Sourav Ganguly



Sourav Ganguly will be the brand ambassador for Apollo Munich and be part of the marketing and promotional initiatives of the company. Ganguly who is regarded as one of India’s most successful captains will be seen promoting the brand Apollo Munich in the forthcoming Indian Premier League...  Read More »

Monoline insurer, Apollo Munich has launched a new health insurance policy aptly named “Optima Restore”.

Optima Restore is a truly unique health insurance policy with 2 unbelievable benefits:

1. Restore Benefit - If you exhaust your insurance amount in the middle of the year, your insurance amount is restored without a charge

2. Multiplier Benefit - If you have a claim-free year, then your insurance cover increases by 50% in the first year and doubles in the next year, at no extra...  Read More »

The new bancassurance exposure draft released by the IRDA should bring about a positive impact to the three standalone health insurance companies in India – Apollo Munich Health Insurance, Star Health Insurance and Max Bupa Health Insurance.

According to the draft, one bancassurance agent can tie-up with one life insurance, one non-life (general) insurance and one standalone health insurance company in any of the states.

Bancassurance is a term that refers to banks selling insurance...  Read More »

Max Bupa Health Insurance Company has plans to introduce new health insurance plans that will address different insurance needs of customers. The private insurer is working on disease specific insurance products which they would be launching next year.

Dean Pollard, COO of Max Bupa Health Insurance Company said, "The product will cover treatment of specific diseases, mostly linked to lifestyle. However, it's little early to divulge detail about the product," said Dean Pollard, COO, Max Bupa...  Read More »

Insurance Regulatory and Development Authority (IRDA) has released the business figures of all general or non-life insurance companies in India. For the month July 2011, these companies have collectively recorded an 18.5% growth over their premium collections in July 2010.

New India Assurance, the country’s largest non-life insurer, has collected Rs 707.15 crore for the month of July this year, with a growth of 18.2% over its collections in July last year. The other 3 public sector insurance...  Read More »

The premium collections of Star Health & Allied Insurance, for the month of July 2011, have declined by 51% over its collections in July last year. The company managed to collect only Rs 102.20 crore in premiums for the month of July this year, whereas their collections for the month of July last year stood at Rs 208.71 crore. While all other non-life insurance companies have registered a positive growth, Star Health and Universal Sompo are the only two insurers to have registered a negative...  Read More »

Most health insurance companies have an upper limit on the entry age, making it nearly impossible for very senior citizens to get a good health insurance policy for themselves. In such instances, individuals are left with no choice but to pay for any medical expenses out of their own pockets.

To break this limit, Apollo Munich Health Insurance Company has filed a health insurance policy with the Insurance Regulatory and Development Authority (IRDA). This proposed health insurance plan is...  Read More »

Rakhshabandhan is just around the corner and if you are scouting for a gift to present to your sister, a health insurance policy may just be the right option. 

Reasons why you should gift a health insurance policy:

- It will take care of hospitalisation expenses including room in case of a medical emergency
- Hospitalisation expenses include various expenses such as cost of lodging, ICU, operation theatre, anesthesia, blood, oxygen, medicines, drugs & consumables, surgical appliances,...  Read More »

Health insurance policyholders looking to change their existing insurance company will have to wait for a few months as Insurance Regulatory and Development Authority (IRDA) has postponed the effective date.

The portability on health insurance policies which was set to be implemented from July 1, has now been pushed to October 1, 2011. The reasons cited by the regulator is that they are looking to provide a web based facility for all non-life insurance companies including the 3 standalone...  Read More »