Apollo Munich’s Optima Cash

July 12, 2010 - PRLog -- Apollo Munich is a joint venture between the Apollo Group of Hospitals, Asia’s largest integrated healthcare provider and Munich Health, new business wing of Munich Re, Europe’s largest insurer. The company has entered Indian health insurance sector with the aim to demystify health insurance for the people of India so that they can avail medical facilities without any fear in their mind. It is an attempt to make medical treatment affordable and accessible.

The ideology adopted by the company while designing products is to focus on healthcare needs of the target segment of people and then design the product offering coverage for the same. The adoption of this ideology has proved beneficial for both customers and the company. The company does not find any problem in selling the products and the customers get the health cover for their health needs.

The best epitome of the above stated ideology is the new launched product, Optima Cash. It is a daily cash hospital benefit plan that offers a Lumpsum payment to an insured in case of hospitalization. This Lumpsum payment depends upon the number of days an insured is hospitalized and the terms and conditions of the plan. An insured is asked to opt for the daily cash amount, which may be Rs. 1000, Rs. 2000 or Rs. 3000.  The amount chosen is multiplied by the number of days an insured is hospitalized and given to him/her.

Optima Cash offer coverage to additional hospitalization expenses. It is a simple, easy-to-understand plan that includes less paperwork, no medical test (unless there is adverse declaration) and no pre-policy checkups. This policy can be issued to an individual or on family basis, which include self, spouse and dependent children. The entry age limit is from 5-65 years with cover ceasing age at 66 for 1 year policy and 67 for 2 year policy.

The company offer discount to help people save money up to 25%. There is a discount of 5% for buying the plan online. In addition to it, there is an additional family discount of 10%, which can be availed by including 2 or more people in the policy. Furthermore, there is a discount of 10% , for opting for 2 year policy.

The plan acts as a top-up plan with inpatient treatment plans, thus offering you complete coverage. The company has well designed this plan, looking into health needs of the people of India.