Mediclaim Policy

All those who are looking for the best mediclaim policy, buy Apollo Munich’s Easy Health. it is available in two variants—Individual and Family. This family variant is one of the family healthcare plans that can offer coverage to an insured, spouse, dependent parents and dependent children. Each of these variants is available in three sub variants—Standard, Premium and Exclusive, each if which has its own coverage limits and range of sum assured. Premium variant offers sum assured in the range of 4 lakh to 10 lakh. Exclusive variant offers sum assured in the range of 3 lakh to 7.50 lakh. Standard variant offers sum assured in the range of 2 lakh to 5 lakh.

Its coverage limits extend to hospitalization expense, pre- and post-hospitalization expenses, day-care procedures, domiciliary treatment, daily cash for choosing shred accommodation, maternity benefit, spectacles lenses, ambulance charges etc. In addition, there is also optional and additional coverage for eight major critical illnesses and new born baby coverage in its Premium and Exclusive variant.

This plan offers wide cover at reasonable rates. One of the important benefits of this plan is that its benefits can be availed for the whole life, as it comes with lifelong renewal feature.

Health Policy

Health policy is the right means to be used to finance medical expenditure, but many people believe that these plans should be brought in old age, when a body becomes prone to health risks. It shows that this is the pool of people who are not much aware of the benefits of a health policy.

Health policy, if brought at early age, offers the following benefits;-

• A person would not be able to enjoy the benefit of cumulative bonus that one gets for claim-free years.

• A person buying health insurance at early age has to pay less premium amount,

• A person spends much on his/her healthcare, which would have been covered, if he/she would have been insured.

• Maximum number of health insurance plans in India has cover ceasing age, beyond which there is no coverage offered.

• If a plan is bought at old age, when a human body becomes more prone to diseases, waiting period can keep an insured away from the coverage.


An ideal way to adopt is to buy health policy with lifelong renewal at early age and get it renewed regularly. Apollo Munich offers this benefit of lifelong renewal with its plans.

Healthcare

All human beings need to take care of their health by any means. Health risks are quite common, as we see people facing accident or other mishaps in their life, which bring an enormous change in their life style. This change is only due to expensive medical treatment that they availed. After a person come across financial stress, he/she realizes the importance of healthcare insurance, which should have been purchased much earlier.

It is, therefore, recommended to buy healthcare insurance plans to seek quality medical treatment at the time of medical emergency. These plans offer the facility of cashless hospitalization, using which an insured can go to any network hospital and can seek medical treatment without paying for the same. An insurer pays for these medical bills on behalf of an insured. Apollo Munich offers this facility in more than 4000 hospitals in the country.

Along with it, there is a facility of reimbursement for the treatment availed for the covered peril in non-network hospital. The claim raised against the medical bills gets settled within few working days. Apollo Munich is known for fast approval and quick settlement. Therefore, it has been the choice of millions in India.

Medical Insurance Providers

There are many people who believe that heath or medical insurance is not required by healthy individuals. There are many people in India who believe that investing in health insurance is not much useful. As a result, large pool of people in India re not insured.

Total healthcare expenditure in the country, as per healthcare statistics, is around $40 billion. Out of it, only $2 billion is financed by medical insurance providers. There is a difference of $38 billion, which is the direct measure of scope for health or medical insurance providers. These providers should spread health insurance awareness among the Indian masses and should design products, as per the health needs of people.

It is said that an individual who purchases health insurance is able to live a life to a greater extent. He/she goes for regular health checkups and seeks treatment at the earliest as he/she does not worry for the high rising medical expenses. Medical insurance providers should join hands with other associated bodies in improving the condition of medical insurance in India.
Apollo Munich, a medical insurance provider, is one of the active players that have emerged with the aim to demystify health insurance for the citizens of India.

Health Insurance Premium

Health insurance is becoming must for all people. it brings an insurer and an insured into contract, in which an insurer offer health cove, on occurrence of specific event and an insured promises to pay specific amount for the specific time period. This amount is called health insurance premium.

It may vary from plan to plan and from company to company. In brief, health insurance premium is a very small amount paid towards coverage of lakhs of rupees. There are people who are living with the wrong belief that health insurance is expensive and so cannot be purchased. These people should be made aware that there is a wide range of these products, designed for people of all income groups.

A person needs to choose a plan, as per his/he needs and budget. In order to make the task easier, reputed companies, like Apollo Munich, give health insurance rate charts for the people, buying through agent. These charts directly show the amount to be paid with regard to coverage limit. Health insurance companies have also brought Online Premium Calculator, which is very easy to operate and the customer can calculate his/her own premium through this calculator, before buying the plan.